Italy's Eni has signed a binding agreement Azerbaijan's state oil and gas company SOCAR for the sale of 10% stake in the Baleine project off Ivory Coast.Eni said the transaction aligns with its strategy of optimizing the upstream portfolio by accelerating the monetization of exploration discoveries through the divestment of equity stakes, a model known as the ‘dual exploration model’.The development is operated by Eni (47…
The Bureau of Ocean Energy Management announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas leasing in Southern California…
Libya signed a 25-year oil development agreement on Saturday with France's TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company…
Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.The company has banked on demand for equipment and services…
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said…
Turkish Petroleum is in talks with Chevron to jointly explore oil and gas, Bloomberg News reported on Tuesday, citing a Turkish official familiar with the discussions.Turkey's state energy company would work with Chevron on seismic studies and drilling…
Brazilian state-run oil firm Petrobras and its logistics subsidiary Transpetro on Tuesday signed contracts with shipyards for five gas carriers, as well as 18 barges and 18 pushers, for 2.8 billion reais ($520.82 million).The companies made…
Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday…
Japanese trading house Mitsui & Co and its partners are considering using smaller turbines and delaying the start of construction at their offshore wind farm project in Niigata in northern Japan, a Mitsui spokesperson said on Tuesday.The Mitsui-led consortium…
RWE Supply & Trading has signed a 20-year sales and purchase agreement with Texas LNG Brownsville, part of Glenfarne Group, for the supply of liquefied natural gas (LNG) from the United States.Under the agreement, RWE will purchase one million tonnes of LNG per year…
Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter…
Brazilian state-run oil firm Petrobras produced 2.40 million barrels of oil per day in 2025, up 11% from the previous year and surpassing the upper limit of the company's own target by 0.5 percentage points, it said on Thursday.Total oil and gas production reached 2…
German utility EnBW said on Thursday it was taking a 1.2 billion euro ($1.4 billion) impairment charge after pulling out of two wind projects in Britain, a direct consequence of losing out in a landmark UK offshore tender.The two offshore wind…
Bulgaria's state-owned energy group Bulgarian Energy Holding will acquire a 10% stake in oil and gas exploration rights for the Han Asparuh block in the Black Sea, the government said on Wednesday.The Council of Ministers approved the deal, allowing BEH to buy 5% each from OMV Offshore Bulgaria…
Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria, operated by ConocoPhillips, following the successful recovery of a gas sample that validates the Charlemont Trend in Australia’s Otway Basin.Australia’s 3D Energi…
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