Industry News

Applicants must detail technical readiness to supply LNG with lower lifecycle planet-warming emissions.

The nation's budget received a total of around $108 billion in oil and gas taxes last year, the Finance Ministry said.

Crude retreated as signs of reduced geopolitical risk outweighed recent bullish momentum and options-driven volatility.

Shale billionaire Harold Hamm said oil companies need guarantees that their assets won't someday be seized by Venezuela if they help revive the nation's crude production.

Mozambican President Daniel Chapo expects TotalEnergies SE's $20 billion liquefied natural gas project to restart as early as this month.

Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that the February natural gas contract 'collapsed' yesterday.

'The agreement is consistent with ENAP's recent announcement to consolidate its logistics business as a key pillar of the company, incorporating strategic partners and high service standards'.

Petrofac called on certain creditors to agree on a 'voluntary arrangement' regarding their claims, to allow the British energy engineering company to proceed with a recent agreement to sell its Asset Solutions business to CB&I.

Oil prices retreated after a five-session rebound as concerns about the geopolitical situation in the Middle East abated to some extent, Daniel Takieddine, Co-founder and CEO of Sky Links Capital Group, said.

Under the five-year contract, Woodside is to deliver about 200,000 metric tons a year of LNG to Japan during winter starting 2027.

OEUK describes itself on its website as the leading trade association for the UK offshore energy industry and a not for profit membership organization with a history stretching back five decades.

'These charges are primarily attributable to the gas and low-carbon energy segment'.

Talks are at an early stage and MidOcean may yet walk away.

Oil prices reversed sharply after Trump suggested Iran's crackdown may be easing, reducing fears of immediate US military action.

Shell Plc and Exxon Mobil Corp. canceled a proposed deal to sell natural gas assets in the North Sea to upstart firm Viaro Energy.

GasBuddy revealed its average U.S. gasoline price prediction for 2026.

Britain stepped up support for offshore wind in the latest subsidy auction.

The U.S. agencies announced a memorandum of understanding renewing their commitment to developing a lunar power system using fission by 2030.

Texas upstream employment and job postings declined in the fourth quarter of 2025, the Texas Independent Producers and Royalty Owners Association (TIPRO) said.

'This is a significant contribution to ensuring continued activity in the oil and gas industry', Norway Minister of Energy, Terje Aasland, said.