Iran drone strike torches Kuwait-flagged tanker off Dubai
Iran struck and set fire to a Kuwait-flagged oil tanker Al-Salmi on Monday off the coast of Dubai, amid escalating …
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Petro-Victory to transfer certain Potiguar Basin assets to ATE
Petro-Victory Energy has signed a definitive association agreement with Azevedo & Travassos Energia (ATE) to transfer certain assets in Brazil’s …
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Greenland Energy partners with Stampede for Jameson drilling
Greenland Energy has entered into a five-year drilling agreement with Stampede Drilling to support its upcoming operations in the Jameson …
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Oil prices surge as Houthi attacks escalate Middle East conflict
Oil prices continued to rise on Monday, with Brent crude approaching a record monthly increase, following attacks by Yemeni Houthis …
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PetroChina reports 4.47% drop in 2025 net profit
PetroChina announced a net profit attributable to its owners of 157.32bn yuan ($22.75bn) for 2025, reflecting a decrease of approximately …
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Oil prices surge as Houthi attacks escalate Middle East conflict
Oil prices continued to rise on Monday, with Brent crude approaching a record monthly increase, following attacks by Yemeni Houthis …
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PetroChina reports 4.47% drop in 2025 net profit
PetroChina announced a net profit attributable to its owners of 157.32bn yuan ($22.75bn) for 2025, reflecting a decrease of approximately …
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Formentera and Inpex partner to develop Beetaloo gas resources
Formentera Partners and Inpex have announced a joint venture (JV) that aims to expedite the development of natural gas resources …
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Brookside Energy advances new two-well pad operations in SWISH AOI
US-focused oil and gas producer Brookside Energy has begun operations at its new two-well pad in the SWISH Area of …
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Aker BP completes MEG module for Valhall PWP-Fenris project
Aker BP has announced the completion of a 1,000t monoethylene glycol (MEG) module for the Valhall PWP-Fenris project at Nymo’s …
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Oil prices dip as Trump extends Iran attack pause
Oil prices were heading towards a weekly drop on 27 March after US President Donald Trump prolonged a temporary halt …
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CNOOC reports 11.5% drop in 2025 net profit
China National Offshore Oil Corporation (CNOOC) has reported its annual results for the year ending 31 December 2025, with net …
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Petrobras announces new pre-salt oil discovery in Marlim Sul
Petrobras has announced a new oil discovery in the Marlim Sul field in the pre-salt layer of the Campos Basin …
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Oil and gas contracts activity drops in 2025
Global oil and gas contracts activity reported a decrease of 12% in the number of contracts from 6,993 in 2024 …
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Condor finds deep-water turbidite reservoir systems at TEA-86 in Peru
Condor Energy has identified deep-water turbidite reservoir systems across its Technical Evaluation Agreement (TEA-86) acreage in the Tumbes Basin offshore …
