Oil and Gas
ADES closes agreement to integrate Shelf Drilling for US$380 million
Shelf Drilling's board of directors unanimously recommended the transaction as fair in terms of value to its shareholders.
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
Technip Energies leads contract for LNG terminal in the U.S.
This project aims to develop an export capacity of 9.5 million tons per year.
Oil and Gas
First well drilled for Bestla project in North Sea
They claim that the development of the field has a break-even point of US$40 per barrel.
Oil and Gas
Santos and ENGIE team up to bring Narrabri gas to the local market
ENGIE will receive 20 PJ per year of gas from Narrabri, with 100% destined exclusively for Australian domestic consumption.
Oil and Gas
Saipem completes installation of subsea pipeline for Equinor
The Castorone vessel deploys 80 km of Pipe-in-Pipe technology at a depth of 1350 meters.
Oil and Gas
Akrake Petroleum begins drilling at the Sèmè field in Benin
In 2024, Lime issued bonds for NOK 1.75 billion, the proceeds of which are partially directed to this operation in Benin.
Oil and Gas
BP expands Argos platform in the U.S. Gulf.
bp took the Argos platform from evaluation to production in just 25 months, marking its fastest implementation to date.
Oil and Gas
Woodside assumes operational control of Bass Strait in Australia
This agreement contemplates the integration of ExxonMobil's specialized personnel in the region, which will improve the company's operating experience at sea.
Oil and Gas
Hindustan Petroleum secures 10-year LNG supply from UAE
The installation is part of an essential part of HPCL's strategy to strengthen its infrastructure and distribution network.
Oil and Gas
Energean moves forward with development of Irena gas field
100% of Energean's gas in Irena has already secured a buyer thanks to its long-term agreement with INA.
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