Oil prices dip ahead of Trump-Xi talks amid Iran tensions
Oil prices declined on 13 May amid uncertainty over a tenuous ceasefire in the Middle East, as US President Donald …
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Venture Global to supply 1mtpa of LNG to TotalEnergies and Vitol
Venture Global has secured new binding agreements to supply US-sourced liquefied natural gas (LNG) to TotalEnergies and Vitol, with a …
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TotalEnergies and partners sign MoU for Syrian offshore exploration
TotalEnergies, alongside QatarEnergy and ConocoPhillips, has entered into a memorandum of understanding (MoU) with the Syrian Petroleum Company (SPC) for …
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New episode: OTC 2026 – Insights from the ground
The Offshore Technology Conference is an annual gathering of oil and gas professionals from around the world, who meet in …
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Santos makes FID on Agogo tie-in project in PNG
Australian energy company Santos has confirmed it will move forward with the Agogo production facility (APF) tie-in project in Papua …
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Asia to dominate global ethylene glycol capacity additions by 2030
Asia is poised to dominate the global ethylene glycol capacity additions by 2030 due to surging domestic demand and sustained …
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Bavaria backs hydrogen‑ready gas plant at Zolling Energy Park
Bavaria’s Economy and Energy Minister, Hubert Aiwanger, has signed a letter of intent (LoI) with Onyx Power to move forward plans for a modern, hydrogen‑capable …
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NOC ends Trasta Energy partnership, retakes control of Ras Lanuf
Libya’s National Oil Corporation (NOC) has signed an agreement with Trasta Energy to end their partnership in the Libyan Emirates …
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DoE awards contracts to exchange 53.3mbbl oil from SPR
The US Department of Energy (DoE) has awarded contracts to energy companies for the exchange of roughly 53.3 million barrels …
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Petrobras Q1 2026 profit falls 7.2% to $6.2bn
Petrobras has reported net profit of 32.7bn reais for the first quarter of 2026 (Q1 2026), a 7.2% decline in …
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Odfjell lands Magnus platform drilling contract from EnQuest
Odfjell Technology has secured a platform drilling contract from EnQuest, an oil and gas company operating in the UK North …
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Crude spikes as Trump dismisses Iran reply, Hormuz bottleneck persists
Oil prices surged on 11 May after US President Donald Trump said Iran’s response to his peace proposal was “unacceptable”, …
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Conrad awards SURF contract for Mako field to Timas Suplindo
Conrad Asia Energy subsidiary West Natuna Exploration has awarded the subsea umbilical, flowline and riser (SURF) contract for the Mako …
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Aramco Q1 income rises 25% amid CEO’s warning on oil supply
Aramco CEO Amin Nasser warned that global oil supplies have declined by an estimated one billion barrels over the past …
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Legal uncertainty casts shadow over Venezuelan oil opportunity
The removal of Nicolás Maduro in January marked “an important opening in the way oil business is conducted” for the …
