Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
DNV has acquired Equinor’s WellSpot technology, developed and operated over 15 years, and will commercialize the platform to help offshore operators continuously monitor and manage subsea wellhead fatigue.
Read MessageSeaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the international market for petroleum products at a time when supplies from other areas have been constrained.
Read MessageIran said it discovered more than 7.5 trillion cubic feet of natural gas.
Read MessageThe Emirati state-owned renewables company began commercial operations at a 35-megawatt battery energy storage system in Rochdale, England, its second start-up toward a target of three-gigawatt-hour BESS capacity across the UK.
Read MessageThe U.S. Energy Information Administration edged its U.S. total energy consumption projection down for 2026 and up for 2027.
Read MessageEquinor signed a 15-year agreement with Uniper to supply over 30 terawatt hours a year of natural gas to Germany.
Read MessageBrent crude has seen another volatile month of trading, analysts at BMI highlighted.
Read MessageIran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran and its trading partners.
Read MessageThe escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month war.
Read MessageOil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.
Read MessageThe UK is reportedly considering additional LNG import capacity as North Sea production declines, prompting Aberdeen business leaders to challenge government restrictions on new offshore oil and gas development.
Read MessageL&T Energy Hydrocarbon Offshore has secured a more than ₹150 billion ($1.57 billion) EPCIC contract for a major Middle East offshore development involving multiple facilities and subsea infrastructure.
Read MessageIran has announced a natural gas discovery containing more than 7.5 Tcf in Fars province, including an estimated 5.7 Tcf of recoverable gas, as the country contends with production losses following months of attacks on energy infrastructure.
Read MessageThe Spring, Texas-based supermajor is seeking to invest billions of dollars in a new oil project at the nation's Kashagan development, a step that would help to cushion a slide in production at Tengiz, its top deposit.
Read MessageU.S. refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most.
Read MessageU.S. Treasury Secretary Scott Bessent told CNBC on Thursday that the proposed economic measures will likely negate the need for major U.S. military operations.
Read MessageCrude extended its rally as Asian demand strengthened while the Iran conflict continued to constrain global supplies.
Read MessagePetrobras has entered negotiations for four exploration blocks offshore Ghana in the Keta basin, advancing its strategy to expand frontier exploration and replenish oil and gas reserves.
Read MessageOil headed for a roughly 6% weekly gain, with Brent near $94 a barrel, as markets awaited new U.S. economic measures targeting Iran amid continued Middle East supply disruptions.
Read Message'It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory', Masoud Pezeshkian said, according to the semi-official Iranian Students' News Agency.
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