Saudi oil giant Aramco plans to reorganise its business to create a new gas division with an eye on possible listings of business units in the future to raise cash, two sources with knowledge of the matter told Reuters.The move is in line with…
Chevron plans to begin seismic surveys in Greek waters before the end of 2026, covering areas in the Ionian Sea and south of the Peloponnese and Crete, Greece's energy ministry said.The timetable was confirmed during a meeting between Greek…
South Korea aims to reduce its reliance on crude oil from the Middle East to 50% by 2035, as Asia's fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday…
Iran has restored about 50% of damaged production capacity at the South Pars gas field, Deputy Oil Minister Ahmad Zeraatkar was reported as saying on Wednesday by the semi-official Fars news agency, adding that all planned restoration work would be completed before winter…
TotalEnergies and AMNI have taken a final investment decision on the Ima gas development offshore Nigeria, targeting production of 350 million cubic feet per day from 2028 to supply the Nigeria LNG liquefaction plant.TotalEnergies will operate the project with a 40% interest…
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract was down $2…
Petrobras, Shell and Strohm have completed a qualification and offshore field trial program for a thermoplastic composite pipe flowline designed for high-CO2 conditions in Brazil's deepwater pre-salt, clearing the way for a Petrobras pilot installation planned for early 2027…
Oil and Natural Gas Corporation (ONGC) has struck gas at a deepwater exploration well in India's Mahanadi Offshore Basin, with the well flowing gas at encouraging rates and reservoir pressure.The MN-DW18-1-H-D well, about 43 km off Konark on the Odisha coast…
Thai’s state oil firm PTTEP and Valeura Energy have taken a final investment decision on the first phase of the Bussabong gas development in the Gulf of Thailand, targeting first production around the end of 2028 from a 25-well development.Bussabong lies in the eastern part of Block G3/65…
Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be 'very high quality' crude, an executive told Reuters on Monday.The crude found at the…
Namibia has selected TotalEnergies bidding group to supply the country's bulk diesel and petrol needs for a three-month period from November to January, energy minister Modestus Amutse said late on Monday.The Southern African country earlier…
Bounty Oil & Gas has agreed to acquire PetroQuest Liberia Deep Water, giving it a pathway to an interest in deepwater Block LB-32 offshore Liberia, while raising about $2.5 million (A$3.55 million) to advance the acquisition and exploration work…
The European Union will maintain its opposition to new oil and gas drilling in the Arctic, a European Commission spokesperson said on Monday, despite Norwegian pressure to drop the EU ban.The EU currently supports a ban on new drilling in the Arctic…
Halliburton has signed separate memorandums of understanding (MoU) with Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, including field evaluation and development planning.Under its agreement with Eneva, Halliburton…
QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis.Disruptions caused by the…