Oil and Gas
Libya and TotalEnergies extend concessions until 2050
Extension until 2050 of concessions in Waha drives new phase of oil investment led by TotalEnergies in North Africa.
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 and NNPC strengthen reserves with Awodi-07 well discovery in the Niger Delta
The Awodi-07 well confirms oil accumulations in multiple zones and strengthens Nigeria's national energy strategy.
Oil and Gas
Oil prices stabilize despite U.S. cuts.
Partial supply recovery in Kazakhstan offsets U.S. production losses
Oil and Gas
BPCL signs supply agreement with Petrobras to improve crude oil imports
The agreement with BPCL is part of a broader trend of South-South cooperation in energy matters.
Oil and Gas
Shell moves forward with Bonga South West project in Nigeria after Tinubu government incentives
The Tinubu government has stressed its commitment to political stability and speedy implementation of reforms.
Oil and Gas
Vitol and BEST extend LNG sales and purchase agreement until 2031
Brunei will consolidate its role as a reliable energy supplier in Asia with new shipments of liquefied natural gas.
Oil and Gas
Houston activates as companies prepare for return to Venezuelan oil
Executives, investors and U.S. oil companies are designing strategies to resume operations in Venezuela in the face of a possible easing of sanctions.
Oil and Gas
India reorganizes its crude oil matrix after reducing purchases from Russia
Indian Oil strengthens its energy supply by replacing Russian crude oil with barrels from Brazil, Angola and the United Arab Emirates.
Oil and Gas
Global natural gas demand to increase in 2026 with LNG boost
During 2025, more than 90 billion cubic meters per year of new liquefaction capacity was approved.
Oil and Gas
U.S. pushes for oil return in Venezuela
USA The company is promoting the return of Venezuelan crude oil to the market without offering support to the firms that assume the investment…
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