Shell and Equinor announce a strategic merger of their UK assets in the North Sea, creating the region's largest independent producer. This operation faces economic challenges and environmental criticism.
Shell and Equinor announce a strategic merger of their UK assets in the North Sea, creating the region's largest independent producer. This operation faces economic challenges and environmental criticism.
Under the weight of Western sanctions, Iran is facing a severe energy crisis. Oil production continues to decline, jeopardizing exports and increasing domestic resource tensions.
Under the weight of Western sanctions, Iran is facing a severe energy crisis. Oil production continues to decline, jeopardizing exports and increasing domestic resource tensions.
Indonesia launches its second oil and gas bidding round of the year, featuring six onshore and offshore blocks with a combined potential of 48 billion barrels of oil equivalent. A major opportunity for international energy investors.
Indonesia launches its second oil and gas bidding round of the year, featuring six onshore and offshore blocks with a combined potential of 48 billion barrels of oil equivalent. A major opportunity for international energy investors.
Despite initial obstacles, Savannah Energy persists in its attempt to acquire Petronas' oil assets in South Sudan, exploring alternative options to finalize a beneficial agreement.
Despite initial obstacles, Savannah Energy persists in its attempt to acquire Petronas' oil assets in South Sudan, exploring alternative options to finalize a beneficial agreement.
The United States has imposed new sanctions on 35 Iranian ships accused of clandestinely exporting oil, aiming to curb revenues financing Tehran's nuclear program and regional activities.
The United States has imposed new sanctions on 35 Iranian ships accused of clandestinely exporting oil, aiming to curb revenues financing Tehran's nuclear program and regional activities.
U.S. refineries hit record activity levels, driving an unexpected drop in crude oil stocks, while national production reaches 13.51 million barrels per day.
U.S. refineries hit record activity levels, driving an unexpected drop in crude oil stocks, while national production reaches 13.51 million barrels per day.
Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
CNOOC Limited inaugurates its Jinzhou 23-2 oil project, the first Chinese offshore heavy oil thermal recovery initiative, targeting peak production of 17,000 barrels of oil equivalent per day by 2027.
CNOOC Limited inaugurates its Jinzhou 23-2 oil project, the first Chinese offshore heavy oil thermal recovery initiative, targeting peak production of 17,000 barrels of oil equivalent per day by 2027.
