Oil and Gas
Sintana Energy secures exclusivity to expand in the Walvis Basin
Such exclusivity would allow Sintana to negotiate its entry as a shareholder of Paragon, thus obtaining an indirect interest in PEL 37.
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
Global LNG supply market enters expansion phase with a view to 2026
Major European importers are increasing their storage capacity in preparation for winter consumption peaks.
Oil and Gas
PetroTal adjusts its 2026 strategy with focus on liquidity and efficiency
The plan contemplates drilling in Brittany and a minimum cash reserve to ensure operational stability during the year.
Oil and Gas
IEA projects new balance in the global oil market
Demand to grow more than expected as oversupply creates a cushion in inventories
Oil and Gas
Halliburton announces fourth-quarter 2025 profit
During the quarter, the company's revenues amounted to US$5.7 billion, while adjusted operating margin rose to 15 %.
Oil and Gas
Seadrill reactivates West Capella with 157 million contract in Malaysia
Offshore drilling company Seadrill Limited has announced the award of contracts for its West Capella, West Elara and West Carina vessels.
Oil and Gas
Galp boosts upstream growth in Brazil and Namibia after restructuring
The refocusing on regions such as Brazil and Namibia is part of a strategy of geographic diversification and portfolio optimization.
Oil and Gas
OGDCL reports oil and gas discovery in Baragzai X-01 within Nashpa block
The Baragzai X-01 well was able to extract 3,100 barrels of oil per day and 8.15 million cubic feet of gas.
Oil and Gas
TotalEnergies holds solid Q4 2025 performance on refining strength and higher production
European refining margins surged more than 200%, helping offset weaker crude and LNG prices, while upstream volumes added resilience to operating cash flow.
Oil and Gas
Harold Hamm halts drilling in Bakken on oil downturn
Harold Hamm suspends drilling in Bakken due to low oil profitability, a historic change for U.S. fracking.
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