Oil and Gas
TotalEnergies Starts Up Lapa Southwest Project Off the Coast of Brazil
The new phase of the Lapa field adds 25,000 barrels per day through three wells connected to the FPSO unit.
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
Chevron Warns Cap-and-Invest Program Will Raise Gasoline Prices in California
According to local projections, citizens' pockets will be the first to be affected by this shift in energy policy.
Oil and Gas
Archer Secures Operational Continuity on the Norwegian Continental Shelf
The company extends its wireline services agreement in Norway, projecting revenues of up to 9% in well services.
Oil and Gas
Shell Restructures Portfolio and Sells Jiffy Lube to U.S. Fund
Shell transfers Jiffy Lube and PVA to Monomoy as part of its strategy to focus investments on higher-return assets.
Oil and Gas
Trion drilling commencement boosts energy development in Mexico
Woodside and PEMEX are drilling 24 deepwater wells with an eye on first oil in 2028.
Oil and Gas
Equinor boosts its energy leadership with new finds in the North Sea
Equinor reinforces its energy leadership with new operational finds in strategic areas of Troll and Sleipner in the North Sea.
Oil and Gas
Borr Drilling announces operations suspension for safety reasons in the Persian Gulf
The four affected assets remain under contract and have all relevant insurance coverage.
Oil and Gas
Strait of Hormuz Closure Drives Up Global Urea and Crude Prices
Iran's blockade of the Strait of Hormuz drives up logistics costs and threatens global food production due to nitrogen fertilizer shortages.
Oil and Gas
Santos Approves Investment to Modernize Moomba
The new electric compression at Moomba will reduce emissions, improve production, and guarantee supply in South Australia for decades.
Oil and Gas
Vaalco adjusts drilling in Gabon after dry hole discovery
The ET-14P well turned out to be a dry hole, so Vaalco will sidetrack its drilling toward a previously confirmed productive area.
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