Oil climbs amid US midterm results and Middle East tensions
Oil prices increased on Wednesday 4 November as investors monitored developments following the US midterm elections, which resulted in Democrats …
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Energy Transfer sanctions $1.6bn South Mississippi pipeline project
US-based midstream company Energy Transfer has approved a final investment decision (FID) for the $1.6bn South Mississippi Pipeline Project in …
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CVR Energy to acquire two US refineries from Marathon for $4.2bn
CVR Energy has agreed to acquire two US refineries and associated marketing assets from Marathon Petroleum for a consideration of …
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Shell to divest North West Shelf stake to XRG for $1.5bn
Shell is set to exit the North West Shelf (NWS) venture in Western Australia after agreeing to sell its 16.67% …
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Kistos to acquire 30% stake in North Sea’s Abbey and Baker gas fields
UK-based Kistos has signed a binding farmout agreement under which its wholly owned subsidiary, Kistos Energy, will acquire a 30% …
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San Mateo signs two natural gas deals in Northern Delaware Basin
Matador Resources has announced that its subsidiaries within San Mateo Midstream have signed two separate agreements with a major producer …
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Blackstone-led group to invest $3.1bn in Mitsubishi’s LNG Canada stake
A Blackstone-led investor group has agreed to invest $3.1bn for a 49.9% stake in a subsidiary holding Mitsubishi's interest in …
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TotalEnergies strikes deal for Lang Lebah and B14 fields in Malaysia
French energy major TotalEnergies has signed farm-out agreements to acquire a 30% operated interest in the Lang Lebah and B14 …
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Eni begins gas production at Maha field offshore Indonesia
Italian energy company Eni has commenced gas production from the Maha field, situated in the West Ganal block of the …
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Chevron reports net income of $9.9bn in Q3 2026
Chevron has reported net income of $9.92bn for the third quarter of 2026 (Q3 2026), a 180.4% increase from $3.54bn …
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Resident AUVs are reshaping vessel demand
For decades, subsea exploration has required a vessel to sail out to the asset carrying the crew and equipment required …
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Venture Global starts commercial operations at Plaquemines LNG
Liquefied natural gas (LNG) producer Venture Global has begun commercial operations at Phase 1 of its Plaquemines LNG export project …
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Biofuels will prove to be a highly suitable alternative in the energy transition
Alternative fuels are becoming central to the energy transition as governments, companies, and end users seek lower-carbon options to conventional …
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bp posts 304% jump in third-quarter net income to $4.7bn
British oil and gas company bp has reported a 304% year-on-year increase in the third quarter of 2026 (Q3 2026) …
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TotalEnergies posts $8.3bn Q3 net income on refining gains
French energy major TotalEnergies more than doubled its net income in the third quarter of 2026 (Q3 2026), posting $8.3bn …
