Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
'This partnership is not merely a technical agreement but rather a message of confidence in the Libyan investment environment and evidence of the return of major companies to work and explore promising opportunities in our country'.
Read Message'The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk', Standard Chartered Bank Energy Research Head Emily Ashford warned.
Read Message'The sale of this non-core subsidiary forms part of Iberdrola's active portfolio management strategy, which focuses on strengthening its core businesses and optimizing capital allocation'.
Read Message'The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of just over 5,000 boepd'.
Read MessageIndia takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran war.
Read MessageIndia has announced a series of tax changes including a levy on fuel exports, as the country tries to shield consumers from the impact of a deepening conflict in the Middle East that has upended energy supply.
Read MessageOil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
Read MessageIran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war.
Read MessageOil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.
Read MessagePetrobras has confirmed a new pre-salt oil discovery in the Campos basin offshore Brazil, identifying high-quality hydrocarbons at the Marlim Sul field as part of efforts to rebuild reserves in mature areas.
Read MessageA Turkish-operated tanker carrying roughly 1 MMbbl of Russian crude was damaged in a suspected sea-drone attack in the Black Sea, raising concerns over maritime security and energy flows near the Bosphorus Strait.
Read MessageSerica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new operated hub West of Shetland with ~5,000 boed net production and multiple gas-focused growth opportunities.
Read MessageIran is maintaining crude exports near 1.6 MMbpd and capturing stronger prices as disruptions in the Strait of Hormuz sideline other Gulf producers, reshaping regional supply dynamics and boosting Tehran’s oil revenues.
Read MessageTrump said the U.S has "very substantial talks going on with respect to Iran," though Tehran has denied direct talks have taken place.
Read MessageThe application follows the removal of the petroleum exploration ban late 2025, after which two exploration permit applications have progressed to government assessment.
Read MessageReconAfrica has commenced production testing at its Kavango West 1X discovery in Namibia, targeting multiple hydrocarbon zones as it advances evaluation of the basin’s commercial potential.
Read MessageVantage Drilling’s return to profitability in 2025 reflects strengthening offshore fundamentals, with a previously awarded drillship contract adding to backlog and reducing forward execution risk.
Read MessageCNOOC reported record oil and gas production and reserves in 2025, supported by new discoveries, project startups and continued upstream investment across China and international assets.
Read MessagePetrobras has confirmed a new pre-salt oil discovery in the Campos Basin offshore Brazil, identifying high-quality hydrocarbons at the Marlim Sul field as part of efforts to rebuild reserves in mature areas.
Read MessageTenaris has acquired AllTorque’s oilfield division to expand its tubular running technology and rig floor services, enhancing well integrity, operational efficiency and OCTG capabilities in Canada.
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