The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.'This is indeed the biggest crisis in history,' Birol told…
A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects.Like a number of its peers seeking to capitalise…
Norway's combined oil and gas production exceeded an official forecast by 2.8% in March, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Jadestone Energy has signed a gas sales and purchase agreement with PV Gas, a subsidiary of state-owned Petrovietnam, for the supply of gas from the Nam Du and U Minh discoveries offshore Vietnam.The agreement sets out terms for gas sales, with…
The Egyptian cabinet approved on Thursday a draft for a gas and oil exploration agreement in the Lotus offshore area in the Mediterranean with Egyptian Natural Gas Holding Company and Chevron Egypt Holdings Ltd, a statement said.Egypt, which…
Spanish energy group Repsol has reached an agreement with the Venezuelan government and state energy firm PDVSA to take back operational control of its Venezuelan oil assets and boost production, the company said on Thursday.The agreement includes…
Norwegian oil and gas company Equinor's downstream division, which includes energy trading, will report stronger first-quarter results this year, partly driven by volatility from the war in the Middle East, the group said on Thursday.Equinor is due to report first-quarter earnings on May 6…
Vår Energi has submitted an amended plan for development and operation for the Goliat Gas Export project in the Barents Sea, aiming to increase production and extend the life of the Goliat field.The plan, submitted with partner Equinor to Norway’s Ministry of Petroleum and Energy…
U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.ExxonMobil, Energean and…
Petrobras has made the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, advancing development of the Sergipe Deepwater (SEAP) project, a new oil and gas frontier in Brazil.The approval follows the sanctioning of the SEAP II module in December 2025…
Chevron has agreed to an asset swap with Petroleos de Venezuela and its subsidiaries to consolidate its position in Venezuela’s heavy oil sector.Under the agreement, Chevron will receive an additional 13.21% working interest in the Petroindependencia joint venture…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…
TotalEnergies has signed a preliminary agreement with Turkish state-owned energy company TPAO to explore the country's Black Sea waters for hydrocarbons, the French oil major said on Monday, nearly three years after pulling out of a gas exploration project in the sea's Bulgarian waters…
Libya's state-run National Oil Corporation (NOC) and Eni have made a new gas discovery in Area D, in the offshore area west of Libya.The discovery follows the successful drilling of the 1-16/4 exploratory well in Contract Area 4/16, operated by Eni North Africa…
Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors' earnings.Global…
Subscribe
