Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.
Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.
US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.
Senator Yannick Jadot appears in court in Paris for defamation after accusing TotalEnergies of being “an accomplice to war crimes” due to its presence in Russia in 2022.
Senator Yannick Jadot appears in court in Paris for defamation after accusing TotalEnergies of being “an accomplice to war crimes” due to its presence in Russia in 2022.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The South African government is intensifying efforts to exploit its vast oil and gas reserves to stimulate national economic growth and boost public revenue.
The South African government is intensifying efforts to exploit its vast oil and gas reserves to stimulate national economic growth and boost public revenue.
A North Dakota jury ordered Greenpeace to pay more than $665 million to Energy Transfer, triggering international reactions denouncing an attack on freedom of expression.
A North Dakota jury ordered Greenpeace to pay more than $665 million to Energy Transfer, triggering international reactions denouncing an attack on freedom of expression.
Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.
Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
The U.S. Environmental Protection Agency (EPA) has announced it will reconsider the rule limiting CO2 emissions from power plants. This decision is part of the Trump administration's continued deregulatory agenda.
The U.S. Environmental Protection Agency (EPA) has announced it will reconsider the rule limiting CO2 emissions from power plants. This decision is part of the Trump administration's continued deregulatory agenda.
After ten years of interruption due to internal conflicts, Libya has restarted production at the Mabruk field. This resumption aims to support the national economy by increasing the country's oil production capacity.
After ten years of interruption due to internal conflicts, Libya has restarted production at the Mabruk field. This resumption aims to support the national economy by increasing the country's oil production capacity.
China's oil demand for fuels saw a slight decline in 2024, signaling the end of a decade of sustained growth as the country shifts its economy and transportation systems.
China's oil demand for fuels saw a slight decline in 2024, signaling the end of a decade of sustained growth as the country shifts its economy and transportation systems.
At the CERAWeek conference in Houston, the leaders of major oil companies confirmed a strategic shift towards oil and gas, prioritising profitability and energy supply amid uncertainties in the renewable energy market.
At the CERAWeek conference in Houston, the leaders of major oil companies confirmed a strategic shift towards oil and gas, prioritising profitability and energy supply amid uncertainties in the renewable energy market.
Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
The Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global oil demand of 1.4 million barrels per day in 2025, driven by air and road transport. Consumption is expected to reach 106.6 million barrels per day in 2026.
The Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global oil demand of 1.4 million barrels per day in 2025, driven by air and road transport. Consumption is expected to reach 106.6 million barrels per day in 2026.
