CNOOC Ltd Achieves New Production Record
CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a […]
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Rystad Issues Oil Warning
‘The floor has moved up, so has the ceiling’, Rystad Energy said.
2 Danish Wind Projects Get European Commission Approval for $5.8B State Aid
‘The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year’s
Iran plans to charge ships for safe passage through Strait of Hormuz, report says
Officials in Tehran have drafted legislation to create a toll system where ships pay for safe passage through the waterway,
Philippines Takes Delivery of Russian Oil after US Waiver
Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver
The oil market is in ‘backwardation’ — Here’s what that means for energy prices
Oil prices have been rocked by volatility since the U.S.-Iran war began.
Oil prices rise as Iran rejects direct U.S. talks despite proposal review
Oil prices rose after Iran signaled it had no intention of holding direct talks with the United States.
CERAWeek Day 3: EPA’s Zeldin announces fuel waiver to improve U.S. gasoline supply
At a press briefing during Wednesday morning at CERAWeek by S&P Global 2026, U.S. EPA Administrator Lee Zeldin announced a
SLB, NVIDIA expand partnership to deploy AI infrastructure for energy industry
SLB and NVIDIA are expanding their collaboration to develop AI infrastructure, modular data centers and domain-specific models aimed at scaling
Crude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
Chevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
Sierra Leone promotes offshore licensing, upstream potential at Paris energy forum
Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater
Petrobras awards Foresea long-term drillship contract for Mero field offshore Brazil
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development
Saudi Arabia ramps Yanbu exports toward 5 MMbpd as Hormuz disruption forces rerouting
Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts
Nigeria fast-tracks permits to revive idle oil wells, boost production
Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production
ConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil prices
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers ‘are not poised to quickly ramp up production’, according to Matthew Bernstein, Rystad Energy VP North America
Key Russian Port Pauses Oil Loading after Drone Strike
Russia’s Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike
Equinor Starts Drilling for $9B Gas Development offshore Brazil
‘The project is Equinor’s largest international investment to date, totaling around $9 billion’.
Oil giants raise the alarm over energy shortages as Iran war drags on
Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.