Jersey Oil & Gas receives extension for Verbier licence term
Jersey Oil & Gas has secured approval from the North Sea Transition Authority (NSTA) to extend the second term of …
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Lessons from the Iran war: China’s oil buffer and energy resilience, tested
The 2026 Iran war and subsequent closure of the Strait of Hormuz was yet another harsh wake-up call to the entire world about …
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Phillips 66 net profit rises 339% to $3.8bn in Q2 2026
Phillips 66 has reported net earnings of $3.8bn for the second quarter of 2026 (Q2 2026), an increase of 339% …
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ECOnnect Energy to supply FLNG terminal for Bahamas project
ECOnnect Energy, a Norway-based marine energy infrastructure solutions provider, has agreed to supply a floating liquefied natural gas (FLNG) import …
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Gran Tierra to sell Colombia and Ecuador oil assets to Maurel & Prom
Gran Tierra Energy has agreed to sell its oil and gas operations in Colombia and Ecuador to Établissements Maurel & …
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Shell to invest in Surat Gas Project Central in Queensland
Shell is set to invest in the next phase of Arrow Energy’s Surat Gas Project in Queensland, Australia, to secure …
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An essential guide to wind turbine gear oil performance tests
Gear oil rarely attracts much attention until something goes wrong. Modern wind turbine gearboxes operate under punishing conditions, including fluctuating …
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Intermoor wins three-year Petrobras contract for mooring in Brazil
Intermoor, the moorings and anchors business line of Acteon, has secured a three-year contract from Petrobras for subsea interconnection, mooring …
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ExxonMobil selects Sercel’s Marlin software suite for Whiptail project
ExxonMobil Global Projects has awarded Sercel a one-year contract to deploy its Marlin solution at the Whiptail project in the …
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BP Q2 2026 profit surges 124% to $4.33bn
BP has announced profit of $4.33bn for the second quarter of 2026 (Q2 2026), a 124.35% increase from the $1.93bn …
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L&T-led consortium secures offshore project contract from ADNOC
L&T Energy Hydrocarbon Offshore (LTEH Offshore), a division of India-based Larsen & Toubro (L&T), has secured a contract from ADNOC …
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Petrobras identifies new gas deposit at Sandia-1 well in Colombia
Brazilian state-controlled energy company Petrobras has identified a new natural gas deposit at the Sandia-1 exploratory well in deep waters …
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Williams to buy Momentum Midstream in deal worth up to $5.5bn
US-based natural gas company Williams has agreed to purchase Momentum Midstream (M6 Midstream) from EnCap Flatrock Midstream in a deal …
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San Mateo Midstream closes $752m acquisition of Cardinal Midstream
San Mateo Midstream, a joint venture between Matador Resources and Five Point Infrastructure, has completed the previously announced $752m purchase …
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Oil prices fall as Trump seeks Iran nuclear deal
Oil prices declined by more than $4 a barrel (bbl) on 03 August after US President Donald Trump decided not …
