QatarEnergy has confirmed that missile attacks on its Ras Laffan Industrial City have reduced the country’s liquefied natural gas (LNG) export capacity by about 17% and could result in around $20 billion in annual revenue losses.The strikes…
Brazilian President Luiz Inacio Lula da Silva said on Friday he had proposed a partnership between state-run energy firms Petrobras of Brazil and Pemex of Mexico to explore oil in the Gulf of Mexico.'Pemex could get a great deal of help from Petrobras…
China's state-run refiner Sinopec does not intend to buy Iranian oil but is pushing for permission to tap state reserves, a senior executive said on Monday, days after the U.S. waived sanctions for buyers of some Iranian crude.The world's largest…
Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters.Nasser, who has been CEO of the world's top oil exporter for more than a decade…
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil 'if necessary' due to the Iran war, Executive Director Fatih Birol said on Monday.'If it is necessary, of course, we will do it…
The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, on Monday said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz.The U…
U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile…
A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it would look for gas in a western offshore bloc, the nation's hydrocarbons management agency said on Thursday, a move that would involve the first test drilling in the country for decades…
A new floating production facility for a consortium led by Exxon Mobil in Guyana is nearly complete and expected to soon depart from Singapore, an executive said Thursday, part of the push to accelerate oil and gas projects in a country key to the U…
FlatFish, Saipem’s underwater inspection drone, has successfully completed a key phase under the contract awarded by Petrobras in 2023 for the development and testing of an autonomous robotic solution. These were Functional Acceptance Tests…
Indonesia awarded nine oil and gas blocks to several companies, with an investment commitment valuing nearly $85 million, its Energy Ministry said on Wednesday, with the blocks expected to help the country to achieve its energy security goals…
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…
With the sanctioning of the Gendalo, Gandang, Geng North and Gehem fields, Eni is set to deliver up to 2 bscfd of gas and 90,000 bpd of condensate at plateau. The projects leverage existing infrastructure to accelerate time‑to‑market and strengthen both domestic supply and LNG exports…
The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existing wells at Platform Gilda…
Petrobras will exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field…