Industry News

The Norwegian Union of Energy Workers is staging strikes against offshore well services companies after refusing proposals that the union sees as years behind collective bargaining agreements in other parts of the oil and gas industry.

The U.S. Energy Information Administration raised its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.

'Through its subsidiary Neoenergia Coelba, the company will build 54 new substations, more than 2,000 kilometers of high-voltage transmission lines and 42,000 kilometers of medium-voltage distribution networks'.

Chevron and Helleniq Energy have now expanded their partnership in Greece to five offshore concessions.

The Japanese integrated power company took delivery of its first cargo of LNG from the Barossa Gas Project in Australia's Northern Territory, in which it owns a minority stake.

The White House sought to make the case that its interim deal with Iran will end a global energy crisis and achieve the administration's wartime goals, even as the two adversaries diverged on what the agreement will look like.

Oil prices plunged after the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz.

Petroleos Mexicanos' Juan Carlos Carpio is expected to visit Brazil this month as the company explores a deal with Petroleo Brasileiro to explore for oil in the Gulf of Mexico, Petrobras' boss said.

Venture Global and Atlantic-See LNG Trade amended their agreement to allow the delivery of 1 million metric tons per annum of United States liquefied natural gas to Greece.

Petronas said it continues to expand participation by state governments in the development of Malaysia's oil and gas resources.

Recently completed appraisal wells, which hold preliminary estimates of 20-30 million barrels of oil equivalent, form the basis to further extend the productive life of Norway's biggest oilfield beyond the ongoing phase 3.

The Australian company said it was not in discussions with ExxonMobil over a potential takeover, while an analyst said any deal would likely face regulatory hurdles if it came to fruition.

The investment will support the development of 5.9 gigawatts of floating facilities in which Japanese companies own a stake.

The U.S. and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran's nuclear program.

Shell is preparing to launch a sale of its offshore wind farms in the oil major's latest move away from renewable energy to focus on its higher-returning fossil fuel business.

ExxonMobil has been holding early-stage discussions internally, according to people with knowledge of the matter.

Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.

'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.

Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 million barrels of oil equivalent over the next 2 years due to its ownership increasing to 31.7163 percent.