Oil and Gas
Somalia begins its first offshore oil drilling with support from Turkey
Somalia begins its first offshore drilling with a Turkish vessel, marking progress in its oil exploration
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
India increases imports of Venezuelan crude amid the Middle East crisis
India increases purchases of Venezuelan crude following supply disruptions from the Middle East.
Oil and Gas
Transocean secures $1 billion in offshore drilling contracts
The company expands its portfolio with $1 billion in offshore contracts.
Oil and Gas
Fires at Abu Dhabi petrochemical plant after missile interception
Fires at Borouge after missile interception force suspension of operations with no injuries reported.
Oil and Gas
Habshan Gas Plant in UAE Suspends Operations Following New Attack
The Habshan gas complex halts operations following an intercepted attack and fire at its facilities.
Oil and Gas
Petrobras ensures the operational continuity of the West Polaris vessel at the Búzios field in Brazil.
The West Polaris is a precision tool designed to operate in the most demanding environments on the planet.
Oil and Gas
Oil prices could exceed $150 due to the Hormuz crisis
Oil prices face upward pressure due to tensions in Hormuz and risks to global supply
Oil and Gas
OCI Global Completes Sale of Its Ammonia Division to AGROFERT
The transaction complies with current European Union regulatory frameworks on market abuse.
Oil and Gas
Chevron Suspends Wheatstone Operations Due to Damage Following Cyclone
Maintenance crews are focusing their efforts on replacing critical components.
Oil and Gas
PV Drilling Strengthens Its Operational Capacity with the New PV DRILLING IX Unit in Vietnam
The PV DRILLING IX jack-up rig begins operations in April to enhance hydrocarbon extraction and regional energy security.
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