Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
The Estuary Cluster 'is expected to unlock stranded marginal oil resources through a technology-led development concept centered on a novel shallow-water subsea development approach', Petronas said.
Read MessageChina, Iran's biggest trading partner and a key customer of Tehran's energy exports, is willing to work with BRICS towards peace in the region, Xi said.
Read MessageOil prices retreated on Friday on hopes of a resumptions in negotiations, but notched sharp weekly gains after soaring above $100 a barrel.
Read MessageTotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.
Read MessageBrent crude posted its biggest weekly gain since July despite a 2.8% Friday decline, as Saudi Arabia’s East-West pipeline shutdown and escalating Middle East hostilities heightened oil supply risks.
Read MessageOil posted a strong weekly gain as Middle East conflict and mounting supply risks kept markets on edge.
Read MessageDrones are now hitting secondary-processing units at Russia's refineries, which may require six to eight months to replace, according to IEA estimates.
Read MessageIran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
Read MessageADNOC and XRG are pursuing new long-term LNG supply agreements with Germany’s RWE while expanding potential natural gas cooperation with SEFE across supply, infrastructure and logistics.
Read MessageThe IEA expects global oil supply to fall 5.7 MMbpd in 2026 as prolonged Middle East disruptions delay a recovery in Gulf production until 2027.
Read MessageGulf states and Iran are weighing talks in Oman on restoring shipping through the Strait of Hormuz as disruptions to the critical oil chokepoint continue to constrain regional energy flows.
Read MessageEnergy Holdings and Ventura Offshore have signed an LOI for an all-share combination that would create a roughly $1 billion offshore energy services group with $1.3 billion in contracted revenue backlog.
Read MessageShell agreed to acquire a 169-megawatt natural gas-fired power plant in Pennsylvania, while selling a 609-MW combined-cycle gas power plant in New England.
Read MessageCrude oil stocks, not including the SPR, stood at 424.1 million barrels on September 4, the EIA's latest weekly petroleum status report showed.
Read MessageThe Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.
Read MessageThe International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.
Read Message'It is a level diesel has never reached', GasBuddy said.
Read MessageThe energy agency warned shrinking inventories and strained refineries could further tighten markets.
Read MessageThe decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
Read MessageWhat if the assumptions embedded in the oil curve are wrong - J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.
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