Oil and Gas
New Zealand moves ahead with LNG imports to improve energy security
The government has shortlisted proposals and is moving towards commercial contracting, with the goal of signing agreements by mid-2026.
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
Shell faces sharp drop in reserves and needs key agreements
The British oil company has less than eight years of reserve life and will have to resort to acquisitions or exploratory finds to sustain…
Oil and Gas
Perenco installs Kombi 2 platform in Congo to boost KLL field
Kombi 2 facility will allow drilling six new wells in 2026 and increase the operational efficiency of the KLL field in Congo.
Oil and Gas
Indian Oil and HPCL buy 2 million barrels of Venezuelan crude from Trafigura
India incorporates Venezuelan crude oil into its energy matrix in a context of geopolitical pressure and reconfiguration of global alliances.
Oil and Gas
Pemex awards energy contract to Carlos Slim’s company
Pemex formalizes a new contract under a mixed model with a participation of at least 40%, aiming to produce 27.5 million barrels in the…
Oil and Gas
India reactivates Venezuelan oil imports after easing of sanctions
India makes its first purchase of Venezuelan crude oil in almost a year, marking a new turn in its energy strategy in the face…
Oil and Gas
DOF Group ASA secures well intervention contract with Shell in North America
The technical group classifies this agreement as a substantial contract within its corporate range, established between US$25 million and US$50 million.
Oil and Gas
Russian oil imports into India hit lowest level in more than three years
This move is taking place while versions from Washington persist about possible changes in bilateral trade.
Oil and Gas
TotalEnergies expands offshore operations in Namibia with new license
TotalEnergies takes operational control of block PEL104, reinforcing its offshore expansion in the strategic Lüderitz basin.
Oil and Gas
Mitsui moves forward with participation in North Field South phase to secure LNG supply
Mitsui's potential entry into North Field South would extend that relationship beyond supply and into the equity arena.
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