IEC advances pre-drilling at Kruh Block in Indonesia
Indonesia Energy Corporation (IEC) has announced advancements in its pre-drilling activities at the onshore Kruh Block in Indonesia, where preparations …
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SABIC to divest EP and ETP businesses for $950m
The Saudi Basic Industries Corporation (SABIC) has inked two deals to sell its European petrochemicals (EP) operations, as well as …
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US oil majors weigh plans to revitalise Venezuela’s energy sector
US oil corporations such as ConocoPhillips, ExxonMobil and others are assessing potential involvement in the revitalisation of Venezuela's energy sector, …
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Equinor awards contracts worth $9.9bn for Norwegian maintenance
Equinor has awarded 12 new framework agreements with a total value of nearly Nkr100bn ($9.9bn) for maintenance and modifications on …
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The transformative impact of electric vehicles on the oil and gas sector
The electric vehicle (EV) sector is undergoing rapid transformation, creating strategic shifts within the oil and gas industry. With 10.4 …
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Norwegian Continental Shelf sees record exploration in 2025
The year 2025 was one of the most prolific in recent history for Norwegian offshore exploration, according to the Norwegian …
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US forces seize Marinera and M Sophia oil tankers in Atlantic
US forces have seized the Marinera and M Sophia tankers in the Atlantic Ocean, both associated with Venezuela. The seizures are …
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Trump eyes control of Venezuela’s PDVSA to slash oil prices
US President Donald Trump is reportedly considering an initiative to gain control of Venezuela's state-run oil company, PDVSA, with the …
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SARB Deep Gas Development receives final investment approval from ADNOC
Abu Dhabi National Oil Company (ADNOC) has confirmed its final investment decision (FID) for the SARB Deep Gas Development, a …
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The ten biggest offshore oil and gas pipelines in 2026
More than 385 oil and gas pipelines have been scheduled to commence across 2026, of which 113 are offshore, according …
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Russian naval forces escort oil tanker amid US pursuit in Atlantic
Russia has reportedly deployed naval forces including a submarine to escort an oil tanker being pursued by US forces as …
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Intensity, Rainbow set to proceed with phase one of North Dakota gas pipeline
Intensity Infrastructure Partners and Rainbow Energy Center have confirmed their intention to move forward with phase one of a 344-mile-long …
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Venezuela agrees to $2.8bn oil export deal with US
Venezuela has come to an agreement with the US to export up to $2.8bn worth of oil, according to US …
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Maurel & Prom acquires 61% stake in Colombia’s Sinu-9 gas block
Etablissements Maurel & Prom (M&P) has completed the acquisition of a 61% working interest and operatorship in the producing Sinu-9 …
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Murphy Oil confirms major oil reserves with HSV-2X well off Vietnam
Murphy Oil has successfully drilled the Hai Su Vang-2X (HSV-2X) appraisal well in Block 15-2/17 off the Vietnamese coast, confirming …
