Oil and Gas
Oil price surpasses $102 after U.S. blockade of Iran
Oil price exceeds $102 after the U.S. naval blockade of Iran in the Strait of Hormuz.
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
Saudi Arabia restores full capacity of the East-West pipeline following attacks
Saudi Arabia restores full flow of the East-West pipeline following attacks on its key energy infrastructure.
Oil and Gas
bp and NAMCOR operate three oil blocks in the Walvis Basin in Namibia
International industry interest in Namibia’s offshore resources is growing, and bp’s arrival as operator reinforces the relevance of this emerging market.
Oil and Gas
TotalEnergies announces hydrocarbon discovery in Congo
Nearly 100 million recoverable barrels in the Moho license, with development supported by existing infrastructure.
Oil and Gas
Saudi Arabia cuts oil exports to China amid the Middle East crisis
The reduction in Saudi oil shipments to China reflects the direct impact of the war on global supply.
Oil and Gas
Technip Energies modernizes the Long Son plant by converting it to ethane feedstock in Vietnam
Technip Energies’ proven execution capability in the past was decisive in Long Son Petrochemicals choosing its technology again.
Oil and Gas
Honeywell optimizes the Dangote refinery to maximize fuel production
Technical preparedness makes it possible to manage critical situations with complete safety and operational confidence.
Oil and Gas
Pemex controls fire at the coking plant of the Olmeca Refinery in Dos Bocas
Pemex controls fire at the Dos Bocas coking plant with no major damage or injuries.
Oil and Gas
Golden Pass LNG Begins Historic Production in Texas
Golden Pass LNG starts production in Texas, solidifying its key role in the global supply of liquefied natural gas.
Oil and Gas
Çağrı Bey Vessel Begins Deep-Water Drilling in Somalia
The Çağrı Bey vessel marks the beginning of Turkey's first international offshore exploration in ultra-deepwater
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