Oil and Gas
BOEM opens process for offshore leasing in California
BOEM analyzes potential areas for new offshore concessions in California under the 2026-2031 energy leasing program.
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
Citgo buys Venezuelan oil again at key moment
A purchase that breaks a trade veto that had lasted since 2019.
Oil and Gas
Petrobras expands oil sales to India: for 60 MMbd
Petrobras renews and expands oil contracts with Indian state-owned refineries (IOC, BPCL and HPCL) with sales of 60 million barrels
Oil and Gas
Energy paradox: U.S. resorts to LNG imports in the face of winter crisis
The energy companies are taking advantage of the maximum spot prices by importing LNG from Trinidad to terminals such as Cove Point, in an…
Oil and Gas
Saudi Arabia may set discounted light crude oil price for first time since 2020
Global oil supply has outstripped demand, mainly because OPEC+ began increasing production in April 2025.
Oil and Gas
Nigeria boosts investment by lowering barriers to entry in oil licensing round
The measures demonstrate a shift in Nigeria's strategy towards a sustainable and more efficient energy development model.
Oil and Gas
Australia and Timor-Leste strengthen partnership to develop offshore gas project
The Australian Government will finance an Infrastructure Fund that will direct at least one-third of Australian revenues derived from the project to Timor-Leste.
Oil and Gas
OKEA adds new oil discovery in Brage platform
Well 31/4-A-15 D discovered a 38.5 meter hydrocarbon column at Brage.
Oil and Gas
Shell and BP seek U.S. licenses to extract gas in Venezuela
Both companies are requesting U.S. permission to operate in joint fields, key to supplying Trinidad and Tobago's energy deficit.
Oil and Gas
Adani Power increases power supply to Bangladesh
The Indian company covers 15.6% of Bangladesh's energy matrix despite the deterioration of relations between the two countries.
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