Oil prices have reportedly jumped by around 2% after a Ukrainian attack on Russia’s Novorossiysk port disrupted oil shipments, triggering supply concerns.
Spanish energy firm Repsol is exploring the possibility of a reverse merger involving its upstream division, reported Bloomberg.
Vår Energi has confirmed the presence of oil in the Zagato North appraisal well, located to the north of the Goliat field in the Barents Sea.
DeepOcean has secured a contract from Equinor to undertake subsea construction as well as installation works for the SNEIG.
ADNOC Gas has reported its highest-ever third-quarter net income, reaching $1.34bn for Q3 2025, an 8% rise compared to same period last year.
OGDCL and its joint venture partners have received a provisional award for eight exploration blocks offshore Pakistan.
Chevron forecasts over 10% growth in its annual adjusted free cash flow and annual earnings per share through 2030 at $70 Brent per barrel.
Petronas, via Malaysia Petroleum Management (MPM), has formalised several memoranda of understanding (MoUs) with international partners.
Dana Gas has signed an MoU with the Syrian Petroleum Company (SPC) to assess the redevelopment and expansion of Syrian gas fields.
IEA projected that the oil demand could reach about 113 million bpd by mid-century, around 13% increase from 2024 consumption.
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