Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday…
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran…
Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main Pass IV standard jack-up rig.The contract has a one-year firm term with an additional one-year unpriced option, with the firm term value of the contract of $48…
Oil major BP is considering selling some of its natural gas assets in Egypt, four people close to the matter told Reuters, as new CEO Meg O'Neill restructures the group to cut debt and refocus on more profitable projects.BP has invested more than $35 billion in Egypt over six decades…
Stamper Oil & Gas has received an extension for Petroleum Exploration Licence (PEL) 102 offshore Namibia while continuing technical and strategic work across its offshore exploration portfolio amid increasing industry activity in the region…
TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) have signed a memorandum of understanding (MoU) on exploration activities offshore Egypt.The MoU covers a large area located in offshore north-western Egypt.The agreement establishes…
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…
TotalEnergies expects to install new floating storage and offloading (FSO) vessel Adiana towards the end of next year as part of efforts to sustain oil output by replacing an ageing unit offshore Nigeria, a company official said on Tuesday.The…
Turkey is looking to extend its liquefied natural gas (LNG) agreement with Algeria ahead of its expiry in September 2027, Energy Minister Alparslan Bayraktar said, adding that some of the gas could potentially be transported to southeastern Europe…
Italy’s Eni and UK’s BP have made a new natural gas discovery in the Nile Delta region, expected to produce around 50 million cubic feet of gas per day, by drilling an offshore well using advanced directional drilling technologies from onshore…
The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…
Viridien has launched the CDI25 project, a 6,555 km2 seismic reimaging endeavor in the Tano Basin in Côte d’Ivoire, delivering a drill-ready multi-client dataset for explorers pursuing opportunities along the West African Atlantic margin.CDI25…
Perenco has completed a five-well drilling campaign at Tchibouela East field offshore the Republic of Congo, resulting in an additional 6,000 barrels of oil per day of production.The campaign, which concluded at the end of 2025, included horizontal…
Mellitah Oil and Gas has completed fabrication and assembly works for equipment linked to the Bouri Gas Utilization Project ahead of schedule, with overall progress reaching 69% versus a planned target of 62%.The project, aimed at developing the offshore Bouri field…