Oil and Gas
Dolphin Drilling signs LOI securing revenue and continuity until 2030.
Dolphin Drilling's LOI guarantees stable revenue and increased offshore efficiency.
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
Baker Hughes to Supply NovaLT™16 Turbines in South America
Baker Hughes introduces NovaLT™16 in South America, driving efficient compression and LNG exports from Vaca Muerta in Argentina.
Oil and Gas
The conflict in Iran impacts 20% of global energy flow.
The closure of the Strait of Hormuz affects 20% of global oil and gas flow, accelerating the transition towards renewable and nuclear energies.
Oil and Gas
The Leviathan field resumes operations after a 33-day safety shutdown.
Analysis of the production, financial, and operational impact on Mediterranean gas following Leviathan’s restart
Oil and Gas
JERA cancels high-impact LNG agreement in the U.S.
JERA terminates its LNG contract with Commonwealth, impacting the financial viability of the Louisiana project.
Oil and Gas
Brent crude prices could exceed $100 due to the closure of the Strait of Hormuz
Brent could exceed $100 if restrictions in the Strait of Hormuz persist, according to Goldman Sachs.
Oil and Gas
Arcius Approves Final Investment for Harmattan Field
The development of the Harmattan field marks a new step in Egypt's gas strategy following the approval of a key investment led by Arcius.
Oil and Gas
Turkey positions itself as the world’s fourth-largest offshore fleet.
Turkey enters the global offshore top 4 as it expands drilling in the Black Sea and launches its first international campaign in Somalia.
Oil and Gas
The Singapore–Rotterdam LNG spread changes sign
The Singapore–Rotterdam LNG spread reverses following global tensions, altering arbitrage, shipping routes, and bunkering demand.
Oil and Gas
Sable Offshore Officially Begins Oil Sales from Santa Ynez
Sable's oil sales activate the Santa Ynez system and increase offshore production in California
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