Trump administration lifts curbs on oil and gas drilling in Alaska reserve
The US Department of the Interior (DoI) has announced a final rule overturning restrictions set by the Joe Biden administration …
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Oil prices surge after Ukrainian attack on major Russian port
Oil prices have reportedly jumped by around 2% after a Ukrainian attack on Russia’s Novorossiysk port disrupted oil shipments, triggering …
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Repsol explores reverse merger for upstream unit with US partners
Spanish energy company Repsol is exploring the possibility of a reverse merger involving its upstream division, reported Bloomberg, citing sources …
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Vår Energi confirms Zagato oil reserves in Barents Sea appraisal well
Vår Energi has confirmed the presence of oil in the Zagato North appraisal well, located around 10km north of the …
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DeepOcean wins Equinor contract for subsea work on Snorre gas project
Norwegian ocean services provider DeepOcean has secured a contract from Equinor to undertake subsea construction as well as installation works …
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ADNOC Gas reports 8% increase in Q3 net income
ADNOC Gas has reported net income of $1.34bn for the third quarter of 2025 (Q3 2025), its highest-ever third-quarter net …
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OGDCL and partners secure rights to eight exploration blocks offshore Pakistan
Pakistani state-owned Oil and Gas Development Company Limited (OGDCL), together with joint venture (JV) partners, has received a provisional award …
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Chevron targets over 10% annual growth in adjusted free cash flow through 2030
US-based oil and gas company Chevron forecasts more than 10% growth in its annual adjusted free cash flow and annual …
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The Middle East petchem landscape: polyethylene to drive project starts by 2030
Polyethylene, polypropylene, and propylene are set to lead the upcoming petrochemical project starts in the Middle East by 2030, driven …
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Petronas signs MoUs to advance seismic imaging and AI initiatives
Petronas, via Malaysia Petroleum Management (MPM), has formalised several memorandums of understanding (MoUs) with international partners during the Abu Dhabi …
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Dana Gas signs MoU to evaluate redevelopment of Syrian gas fields
Dana Gas has signed a memorandum of understanding (MoU) with the Syrian Petroleum Company (SPC) to assess the redevelopment and …
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IEA predicts increase in oil and gas consumption until 2050
The International Energy Agency's (IEA) World Energy Outlook predicts an increase in oil and gas consumption through 2050, with the …
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Equinor completes $2.33bn sale of 40% stake in Peregrino field
Equinor has completed the sale of its 40% operated interest in Brazil’s Peregrino field to local oil and gas company …
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Align with international AI regulation for long-term competitive advantage – analysis
Regardless of fragmented and delayed global AI regulation, companies that already align with international standards will have an advantage over their competitors when regulation …
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TotalEnergies gains operatorship of Block S4 offshore Guyana
TotalEnergies has received the operatorship of shallow-water Block S4 off Guyana via a five-year production sharing contract (PSC) with Guyana’s …
