Oil and Gas
Eni closes sale of Alaskan upstream assets for $1 billion
The sale boosts its €8 billion revenue target by 2025 and supports its transition to clean energy.
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
Shelf Drilling extends contracts for $197 million in oil drilling in Thailand
The oil company has extended its drilling contract with Chevron in Thailand, ensuring two more years of operation in the large Asian country.
Oil and Gas
FPSO Marechal Duque de Caxias obtains its first oil in Brazil
Its production capacity is 180,000 barrels per day and its CO₂ reinjection technology supports sustainability in the oil industry.
Oil and Gas
Lifting of the M10 module marks a step forward for the Energean Power FPSO
With this advance, an increase of up to 25 thousand barrels per day is projected in 2025.
Oil and Gas
TotalEnergies discovers gas condensate resources in the Harald field in Denmark
This discovery underlines the strategic importance of the Harald and strengthens the national energy supply by increasing gas production.
Oil and Gas
US plans to purchase 3 million barrels of oil by 2025
DOE secures oil for its strategic reserve at $76 per barrel, saving nearly $20 per barrel.
Oil and Gas
Oil spill in Changi stopped, MPA reports
The spill has not affected maritime traffic, and the MPA will continue to monitor the area to ensure the safety of maritime operations and…
Oil and Gas
Mammoet reduces downtime on Noble Regina Allen platform
The Mega Jack 5200 system lifted the platform to a height of 35 metres in just three months.
Oil and Gas
Transocean secures $193 million contract for Gulf of Mexico drilling
Transocean's Deepwater Conqueror will drill in waters up to 12,000 feet and add $193 million to the company's backlog.
Oil and Gas
NNPC confirms helicopter crash on way to FPSO NUIMS ANTAN
The helicopter lost contact just 40 minutes after taking off from the base, triggering an immediate rescue operation at sea.
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