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…
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…
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…
Oil prices settled $3 higher on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had canceled some cargo deliveries to European customers, deepening concerns…
Wison New Energies has signed a collaboration agreement to integrate Shell’s Dual Mixed Refrigerant (DMR) liquefaction technology into Wison’s floating LNG (FLNG) offerings.Previously deployed only in Shell-equity projects, the technology will…
Santos has agreed key commercial terms for a 10-year LNG supply deal with POSCO Steel and separately signed a non-binding agreement to buy about 1 million tonnes per annum of LNG from Canada's proposed Ksi Lisims project for up to 20 years.Under the proposed POSCO agreement…
Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring…
British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday.Shell had given…
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…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…
TotalEnergies has completed the transfer of its 10% interest in Russia's Arctic LNG 2 project to NordLine, a subsidiary of Russian gas producer Novatek, and is no longer a shareholder in the project.The transfer follows TotalEnergies' announcement of its second-quarter 2026 results…
Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with 'economic warfare'.Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT…
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East…
Production has started from the Troll Phase 3 Stage 2 subsea project in the North Sea, adding gas supply to the 30-year-old Troll A platform and the Kollsnes processing plant.The project started production on August 22 and is designed to accelerate…
South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists.The ruling…
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