Oil

Chevron produces first oil at South N’dola platform in Angola

Chevron produced its initial oil at its South N’dola offshore platform in Angola, a major step reached slightly more than two years after construction com…

Vietnam oil & gas firms post record profits in 2025

Binh Son Refining and Petrochemical JSC (HoSE: BSR), operator of the Dung Quat oil refinery, said output was estimated at nearly 7.91 million tons, with revenue…

Türkiye to launch offshore oil and gas exploration off Somalia

Developments in Venezuela, where the United States is reportedly conducting a special operation targeting President Nicolas Maduro, could push global oil prices…

Oil&Gas Drilling

Turkey Seeks Agreement With Syria on Offshore Energy E&P

Turkey is planning to reach an agreement with the new government of Syria on maritime cooperation and offshore E&P, the nation's minister of energy said in …

Oil&Gas Drilling

UAE Shipyard Welcomes Saudi Arabian Drilling Rig for Maintenance Operations

Abu Dhabi-headquartered Marine Oilfield Integrated Solutions has confirmed that a jack-up drilling rig owned by Saudi Arabia's Arabian Drilling has arrived …

Crude Oil

CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

On December 30, CNOOC announced that the cumulative oil and gas equivalent production of its offshore gas field cluster around Hainan Island in 2025 has exceede…

Crude Oil

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…

Natural Gas

Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply

Officials from Egypt and Lebanon signed a memorandum of understanding in Beirut on December 29, aimed at facilitating the supply of Egyptian natural gas to Leba…

LNG

Australia’s Woodside Signs Binding LNG Supply Deal With Turkey’s Botas

Australia's Woodside Energy announced on Monday that it has entered into a binding supply agreement with Turkey's state-owned petroleum company BOTAS. T…

Natural Gas

Russia’s Gazprom Supplied 38 Bcm of Gas to China via Power of Siberia Pipeline in 2025

Russia's energy company Gazprom supplied 38.8 billion cubic metres of natural gas to China through the Power of Siberia pipeline in 2025. This represents an…

LNG

Malaysia’s Petronas Signs LNG Supply Deal With China’s CNOOC

Malaysian state-owned energy company Petroliam Nasional Berhad (Petronas) announced on Wednesday that it will supply Chinese offshore oil and gas company CNOOC …

Oil&Gas Drilling

Norway’s November Oil and Gas Production Beats Forecast

Norway's combined oil and gas production in November exceeded the official forecast by 0.9%, according to preliminary data released by the Norwegian Offshor…

Crude Oil

China’s Largest Offshore Oilfield Reports Record Annual Oil, Gas Output

China National Offshore Oil Corporation (CNOOC) announced on December 21, 2025, that the Bohai Oilfield, the country's largest offshore oil and gas producti…

Oil Shale

Japanese Company Buys U.S. Shale Assets for $1.3 Billion

Japan Petroleum Exploration Co. (JAPEX) has agreed to acquire U.S. shale oil and gas producer Verdad Resources Intermediate Holdings for $1.3 billion. The trans…

Canada

Mantel Scales up Molten-Borate Carbon Capture With Commercial-Scale FEED Study

Mantel Capture, a specialist in energy-efficient carbon capture solutions, has launched a front-end engineering design (FEED) study for a commercial-scale carbo…