Malaysia's state energy firm Petronas has signed an agreement with Iraya Energies to integrate agentic artificial intelligence capabilities into its myPROdata upstream data platform, aiming to accelerate the evaluation of exploration and production opportunities in Malaysia…
Brazil's government expects to raise 22.4 billion reais ($4.4 billion) from an extraordinary pre-salt oil auction in 2027, according to an annex to the budget bill submitted to Congress, a revenue source that will be crucial to achieving its…
Papua LNG has reached a series of commercial and contractual milestones ahead of a final investment decision (FID), including a transfer of operatorship from TotalEnergies to ExxonMobil and a reduction in estimated project capital expenditure to around $14 billion…
Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday.After nearly three decades in Venezuela, Eni…
Britain is expected to give approval on September 15 to bring the Jackdaw gas field online, ending years of legal delays, The Times newspaper reported on Friday, citing government sources.The decision on the field, which is operated by a joint…
Argentine President Javier Milei's push for sanctions on oil companies drilling offshore in the British-controlled Falkland Islands has put Israeli investors at the centre of a sovereignty dispute over which Britain and Argentina went to war in 1982…
Argentine President Javier Milei said on Thursday he would tighten sanctions on companies involved in oil projects around the Falkland Islands, boost defense resources in the country's south and send Congress a bill aimed at strengthening Argentina's…
Woodside Energy has signed a non-binding Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) that will allow analysis of potential future opportunities for exploration and extraction of hydrocarbons in the deep waters of the Gulf of Mexico…
Shell Offshore, a subsidiary of British oil and gas major Shell SHEL.L, said on Wednesday it would acquire a 30% stake in the BP-operated Conifer exploration prospect in the Gulf of Mexico.Shell and BP are prioritizing long-term growth in their…
bp has appointed Ian Tyler as Chair of the company following an extensive search process, including both internal and external candidates. He will assume the role immediately.Tyler joined the bp board as a non-executive director in April 2025 and was appointed Interim Chair on May 26…
Valeura Energy has announced that it intends to accelerate its Wassana field redevelopment project on block G10/48 (100% operated interest) in the offshore Gulf of Thailand.Dr. Sean Guest, President and CEO, commented: “Work on our new-build…
Aker Solutions’ Board of Directors has appointed Paal Eikeseth as the company’s new President & CEO, with effect from September 1.Eikeseth is an experienced business leader with a strong track record in operational growth, performance improvement and transformation…
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change…
An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country…
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning…