Oil and Gas
Egypt buys LNG to increase reserves and mitigate shortages this summer
The nation relies on gas to combat the extreme heat and is taking early steps to secure supply and avoid possible chronic outages.
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
Latest Oil and Gas News
Oil and Gas
Explosion Rocks Oil Platform in Campeche
An explosion on a Petróleos Mexicanos (PEMEX) platform in Campeche injured 9 people.
Oil and Gas
JBIC finances security of LNG supply to Japan
LNG remains crucial to Japan's energy security, especially during its transition to a net-zero emissions future by 2050.
Oil and Gas
API Updates Piping Inspection Standards for Enhanced Safety
API enhances piping inspection standards, reinforcing safety and operational reliability in industrial environments
Oil and Gas
Canada Ends LNG Project Financing Amid Climate Goals
Canada takes a firm stance against financing LNG projects, in line with the government's commitment to mitigate greenhouse gas emissions.
Oil and Gas
Chennai refinery expansion increases Indian Oil Corporation’s operating costs
IOC's nine refineries processed a total of 1.46 million barrels of crude oil per day, registering a 1% increase compared to 2023.
Oil and Gas
Energy Emerger Kicks Off Drilling Operations in Oman
The Energy Emerger rig stands out for its ability to drill up to 30,000 feet deep and operate in water depths of up to…
Oil and Gas
Renergen nearly completes the integration of its helium plant
The company has successfully processed its tail gas stream, separating the methane from the gas to obtain concentrated helium with 99.95% purity.
Oil and Gas
MidOcean acquires Tokyo Gas LNG stake in Australia
MidOcean will establish a new office in Perth, Australia, to manage and support the newly acquired operations.
Oil and Gas
Dependence on Europe and the myth of “cheap Russian gas”.
While Russia has abundant low-cost gas reserves, it has never sold them at cost.
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