The year in oil and gas: 2025 review and 2026 outlook
Kicking off with the inauguration of US President Donald Trump and the third global AI Action Summit, 2025 was a …
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MOL, SOCAR sign upstream deal in Azerbaijan’s Shamakhi-Gobustan area
Hungarian oil and gas company MOL Group and Azerbaijan's state-owned energy company SOCAR have signed a production sharing agreement (PSA) …
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DeepOcean secures long-term IMR contract from Vår Energi
Norwegian ocean services company DeepOcean and oil and gas operator Vår Energi have extended their subsea partnership by singing a …
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Fugro to provide soil investigation services for South Andaman Deepwater Development
Dutch geological data company Fugro has secured a contract with Mubadala Energy (South Andaman) to provide soil investigation services for …
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EU to end Russian gas imports by 2026
The EU has struck a deal with the European parliament to place a legal ban on all Russian gas imports, …
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Santos announces sale of non-core gas assets to Eni, Comet Ridge
Australian oil and gas company Santos has agreed to sell its non-core gas assets in the country to optimise its …
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US imposes total blockade on Venezuela’s sanctioned oil tankers
US President Donald Trump has reportedly ordered a total blockade on all sanctioned oil tankers entering and leaving Venezuela. The announcement …
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Shell takes FID on Kaikias waterflood project in Gulf of Mexico
Shell, through its subsidiary Shell Offshore, has approved a final investment decision (FID) for a waterflood project at the Kaikias …
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Vår Energi, partners announce sanctioning of PPF project in North Sea
Vår Energi and its licence partners have announced the sanctioning of the Previously Produced Fields (PPF) project in the Greater …
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Serica Energy to acquire southern North Sea gas assets from Spirit Energy
UK-based oil and gas company Serica Energy has agreed to purchase a portfolio of southern North Sea gas assets from …
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A year on from ‘drill, baby, drill’, why are there fewer oil rigs in the US?
The words ‘drill, baby, drill’ were writ large across Donald Trump’s 2024 presidential campaign, and the three words have since …
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Equinor to challenge penalty over Mongstad refinery pollution
Norwegian oil and gas company Equinor has announced it will contest a penalty issued by Økokrim following an investigation into …
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TotalEnergies sells 9.9% stake in Malaysia’s block SK408 to PTTEP
French oil and gas company TotalEnergies has completed the sale of a 9.998% indirect stake in Malaysia’s block SK408 to …
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Seadrill secures new drilling contracts in US Gulf of Mexico and Angola
Seadrill has announced new contract awards for its West Neptune, Sevan Louisiana and Sonangol Quenguela drilling rigs for operations in …
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BW Energy secures long-term lease for Maromba drilling platform
BW Energy has entered a long-term lease agreement with China-based Minsheng Financial Leasing (MSFL) for the Super Gorilla-class jack-up rig …
