Operator started planning the development before it made its latest North Sea discovery. Equinor plans to rapidly develop its latest…
South America
Venezuela’s Gas Potential Could Overshadow Its Famous Oil Reserves
Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship,…
Asia
Iran war: Oil suffers biggest one-day gain in six years as stocks plunge
Ongoing uncertainty could also mean the Bank of England is less likely to cut interest rates – with markets now…
Asia
Chevron taps Hanwha Ocean for Leviathan platform expansion
South Korean shipbuilding major Hanwha Ocean has been awarded the Leviathan expansion module fabrication project by US supermajor Chevron. Located…
South America
Shell signs oil and gas, exploration agreements with Venezuela
Oil major Shell inked several oil agreements with the Venezuelan government on Thursday that span offshore natural gas and onshore…
Africa
Nigeria: Dangote Refinery Moves to Cushion Nigerians From Global Oil Market Shocks
The Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians of its commitment to stabilising the domestic petroleum market following recent…
Australia
$140 billion blow to Australia as ASX sees worst week since 2022
Australia has copped a $140 billion wipe-out this week in the worst week since 2022, as investors mull fears of…
Australia
Exxon Ships U.S. Gasoline to Australia
Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch…
Asia
Oil prices drop as US offers India temporary waiver to buy from Russia amid Iran war
Strait of Hormuz is effectively closed, with Gulf energy infrastructure also hit by attacks Oil prices fell on Friday after…
Europe
Eni’s Oil and Gas Production Jumps 7% with Six New Projects
Eni’s oil and gas production rose by 7% in the fourth quarter from a year earlier as the Italian energy…
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