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Oil and gas
Oil Exploration
Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows
Norwegian oil and gas companies plan to drill approximately 37 exploration wells in 2026, an 18% reduction from the 45 wells completed this year, according to a…
Crude Oil
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, foll…
Oil Field
UK Eases North Sea Oil and Gas Licensing for Existing Fields
The UK Government has adjusted its North Sea oil and gas licensing policy in the latest Budget, allowing new production licences where activities are tied to ex…
Oil Field
Ithaca Signs Farm-in Agreement With Shell for Tobermory Discovery in UK
Ithaca Energy, a UK-based oil and gas operator, has entered into a farm-in agreement with Shell UK. The agreement grants Ithaca Energy a 50% working interest in…
Oil&Gas Drilling
US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks, Says Baker Hughes
U.S. energy firms increased oil and natural gas drilling activity this week, marking the third rise in four weeks, according to Baker Hughes’ weekly repor…
Oil Shale
Shale Producer EOG Tops Profit Estimates as Output Jumps
EOG Resources (EOG.N) reported higher-than-expected third-quarter earnings on Thursday, as rising output helped the U.S.-based oil and gas producer counter lowe…
Oil & Gas Trade
Algeria Signs $5.4 Billion Oil and Gas Deal With Saudi Firm Midad Energy
Algeria’s state-owned energy company Sonatrach announced on Monday that it has signed a production-sharing contract worth approximately $5.4 billion with …
Electrification
Equinor Drops Offshore Electrification Plans Over Rising Costs
Equinor announced on Friday that it has decided to cancel plans to reduce greenhouse gas emissions by linking several offshore oil and gas platforms to Norway&r…
Oil&Gas Drilling
Equatorial Guinea to Open Its 2026 Oil and Gas Licensing Round in April
Equatorial Guinea will open a new oil and gas licensing round in April 2026 to encourage exploration and offset declining oil production, Minister of Hydrocarbo…
LNG
ConocoPhillips to Buy LNG From Nextdecade’s Rio Grande Train 5 Project
U.S. oil and gas producer ConocoPhillips (COP.N) announced on Monday that it will purchase 1.0 million tonnes per annum of liquefied natural gas (LNG) from Next…
Crude Oil
Colombia’s Oil and Gas Production Fall in July
Colombia’s oil and natural gas output declined in July compared with the same period last year, the National Hydrocarbons Agency announced in a statement …
Oil and Gas Equipment
PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal
On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petrol…
Natural Gas
US Firm Finds Work on $8 Billion Gas Development in Africa
Mellitah Oil and Gas, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, has selected Hill International, a U.S.-based compan…
Crude Oil
Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million
Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thai…
Natural Gas
CNOOC Unveils Major Discovery at Weizhou 10-5 Gas Field
CNOOC Limited, in collaboration with 80883, has reported a significant discovery in the exploration of metamorphic buried hills in the Beibu Gulf of the South C…
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