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offshore drilling rig
Asia

Asia Pacific Upstream 2026: Offshore Projects Ramp Up as Frontier Drilling Returns

Asia Pacific’s upstream sector heads into 2026 with a combination of near-term project delivery and high-impact frontier drilling. A wave…
offshore oil rig
South America

Brazil’s Oil Production Keeps Growing

Brazil aims to become the world’s fourth-largest petroleum producer by the end of the decade, a goal supported by its…
African Development Bank Group approves €6.5 million investment in Saviu II fund to support technology start-ups in Francophone West and Central Africa
Africa

African Development Bank Group approves €6.5 million investment in Saviu II fund to support technology start-ups in Francophone West and Central Africa

The fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios,…
Snorre A platform
Europe

Oil discovery in the Snorre area – planning for rapid development

Equinor and its partners have made a commercial oil discovery in the Snorre area in the North Sea. The partnership…
Seplat Energy
Africa

Seplat’s Fire Impaired Yoho Platform Unlikely to Restart Production until April 2026

Seplat Energy has notified the public of the proposed restart of the Yoho Floating and Storage Offshore Platform by second…
IEEFA
Asia

Thailand’s gas fleet faces dual challenge of rising costs and underutilization

Thailand’s power pause presents a critical opportunity to reassess gas expansion plans and ease consumer prices February 26, 2026 (IEEFA…
north sea oil rigs
Europe

Oil Producers Negotiate Ending Windfall Tax with UK Government

The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers,…
North America

TotalEnergies Eyes Long-Term LNG Supply from Alaska LNG Project

TotalEnergies has signed a preliminary agreement with Glenfarne, lead developer of the Alaska LNG project, for the long-term offtake of…
Subsea7-chief-executive-John-Evans.
Europe

Subsea7 improves performance ahead of Saipem merger

Subsea7 and Saipem awaiting regulatory approvals, with completion of the merger expected in the second half of the year Norwegian…
Buzzard-oil-well-Suncor-Energy
Europe

UK ministers ‘in talks’ over early end to windfall tax

The UK government is said to be weighing an early end to the controversial Energy Profits Levy (EPL) or windfall…

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