Iran leads upcoming oil and gas project starts in the Middle East by 2027
Newbuild projects lead the upcoming projects landscape in the Middle East.
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Petrobras sells stake in Brazilian offshore field to Petro Rio
PetroRio now serves as the operator of the Albacora Leste field, with a 90% stake.
QatarEnergy set to join TotalEnergies and Eni consortium in Lebanon
QatarEnergy is anticipated to hold a 30% stake in the consortium while TotalEnergies and Eni will own 35% stakes each.
Imperial Oil to build $560m renewable diesel facility in Canada
To be commissioned in 2025, the new project will have a production capacity of 20,000 barrels of renewable diesel per day.
Exclusive: How just 25 oil companies are set to blow the world’s 1.5°C carbon budget
A new Energy Monitor investigation reveals how Big Oil’s extraction plans continue to fly in the face of climate science.
French bank to cut 80% of oil extraction and production funding by 2030
The bank discontinued funding oil extraction and production projects in 2016 to fulfil the climate goals and reduce carbon emissions.
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Equinor looking to divest stake in Nigerian offshore field
The firm intends to sell its entire 20% stake in the Agbami deepwater field to focus on more profitable assets.
The future of autonomous vessels in oil and gas companies
Due to environmental and technological changes, autonomous vessels and swarm robotics are of great interest to oil and gas companies.
Trinidad secures US permit to develop Venezuelan offshore gas field
Trinidad will work with PdVSA and Shell to plan and develop the Dragon gas field, located in Venezuelan territorial waters.
Norway plans to award 92 Arctic oil and gas exploration blocks to energy companies
The Norwegian energy department proposed plans to award Arctic oil and gas exploration blocks, while green activists fear for the environment.
Matador Resources signs $1.6bn deal to buy Advance Energy Partners
The transaction includes certain oil and natural gas-producing properties and undeveloped acreage in New Mexico and Texas.
North America to dominate global ammonia capacity additions by 2027
Within North America, the US has 15 planned and announced ammonia capacity additions.
Algeria’s Sonatrach signs agreements with Eni to boost energy security
The agreements outline joint future projects focused on energy transition, energy supply, and decarbonisation.
Regulator delays Santos’ Barossa gas project citing indigenous heritage concerns
Australia’s offshore environmental regulator has asked Santos to hire experts to determine if the pipeline route has cultural significance to indigenous people.
Frontera and CGX start Wei-1 well drilling offshore Guyana
The well is being drilled using the Noble Corp Discoverer semi-submersible mobile drilling unit.
US oil producer HighPeak Energy considers sale of company
The company owns approximately 110,000 acres, including two blocks in the Midland portion of the Permian basin.