Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due to shipping disruptions.Brent crude futures LCOc1 rose 76 cents…
Arcius Energy, a joint venture between BP and ADNOC, has taken a final investment decision to develop the Harmattan gas field in Egypt’s El Burg Offshore concession.The investment, estimated at approximately $500, marks one of Arcius’ first…
EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating…
The 9th edition of Egypt Energy Show 2026 will take place in Cairo from 30 March to 1 April 2026, bringing together Heads of State, ministers, CEOs and global energy leaders at a pivotal moment for the industry. His Excellency Abdel Fattah El Sisi…
Italian energy giant Eni has withdrawn from a consortium seeking offshore natural gas exploration licenses in Israel, leaving partners to pursue the process under a revised structure.The consortium, which also includes Dana Petroleum and Ratio Energies…
Norwegian oil and gas firm OKEA has increased recoverable resource estimates for the Talisker West discovery at the Brage field in the North Sea following further subsurface evaluation.The company said P50 recoverable resources in the Talisker…
Arcius Energy, a joint venture between BP and ADNOC, is set to begin drilling two offshore gas exploration wells in Egypt’s Mediterranean waters as part of the country’s wider upstream expansion plans.The campaign will target the Atoll West…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has appointed Huang Yongzhang as Chief Executive Officer, alongside several other senior leadership roles within the company.Yongzhang has been named Vice Chairman…
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…
The drilling results from Shell’s Sirius 1X exploratory well in the Mediterranean Sea offshore Egypt have shown encouraging initial indications, Egypt’s Ministry of Petroleum and Mineral Resources said in an update.The well is operated by Shell…
Viridien has announced a new regional multi-client data initiative for the offshore basins of India, designed to deliver enhanced, data-driven exploration capabilities to industry operators.The initiative will start with Phase 1 Mahanadi Basin…
Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge…
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day…
Viridien has kicked off the Charrua 3D multi-client seismic survey offshore Uruguay, marking a new phase of exploration activity in the country’s offshore basins.Data acquisition will be carried out by the vessel BGP Prospector, with the company…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding via Lime Petroleum, has completed the hook-up of the mobile offshore production unit (MOPU) and floating storage and offloading (FSO) vessel at the Sèmè Field in Block 1 offshore Benin…