Category: News

Oman LNG has entered a term sale and purchase agreement (SPA) with Vitol, an energy and commodities company.

The EU is set to incur at least €10bn ($11.2bn) more than the previous year to replenish its gas storage facilities after a cold winter.

Guyana’s National Assembly has passed an oil pollution bill, holding companies and offshore operators accountable for damages from oil spills.

Türkiye has unveiled a natural gas discovery in the Black Sea, with reserves estimated at 75 billion cubic metres (bcm).

ADNOC has announced a series of agreements with US energy companies, potentially enabling investments worth $60bn from the US in UAE energy projects.

Rhino Resources and Halliburton have delivered the first two exploration wells in Block 2914, within Petroleum Exploration License 85 offshore Namibia.

Strathcona Resources has announced its intention to commence a takeover bid to acquire all issued and outstanding common shares of MEG Energy, not already owned by Strathcona or its affiliates.

Global oil demand growth is projected to decelerate, with an average increase of 740 thousand barrels per day (kb/d) expected in 2025, slowing further to 760kb/d in 2026, according to a report by the International Energy Agency (IEA).

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has been granted approval to proceed with the development of the Anambas block in Indonesia’s Natuna Sea

Italian energy giant, Eni has entered an exclusivity agreement with Ares Alternative Credit Management for the potential sale of a 20% stake in its energy subsidiary, Plenitude.