Industry News

'The Leviathan partners are working on the adoption of a final investment decision for phase one of the Leviathan expansion'.

The newest development is designed to produce up to 180,000 barrels of oil per day and 254.27 million cubic feet of gas per day.

'The crucial question is what will happen with Venezuela's production from here. This remains hard to forecast', the analysts said.

QatarEnergy and Egypt's EGAS also agreed to launch talks on long-term LNG supply deals.

Nexus Alliance said it was not in talks with the Nigerian National Petroleum Co. about financing pipeline upgrades.

A data center project in Alberta that's backed by European firms has the potential to be worth as much as EUR 8 billion ($9.4 billion) over the next several years, says the head of one of the companies involved.

Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations.

Saipem bagged deals worth more than $4 billion over the final part of December, releases sent to Rigzone by the company from December 21 to December 31 showed.

At least three tankers carrying Russian crude are indicating Reliance Industries Ltd.'s plant on India's west coast as their next destination.

Oil and gas executives answered questions on capital spending and workforce changes in a special questions segment of the fourth quarter Dallas Fed Energy Survey.

Crude oil stocks, not including the SPR, stood at 422.9 million barrels on December 26, the EIA's latest weekly petroleum status report showed.

Orsted A/S and Equinor ASA filed legal challenges to the Trump administration's decision to halt construction of their U.S. offshore wind projects.

Orsted A/S filed a legal complaint after the Trump administration suspended the lease of a wind project that's near completion off Rhode Island.

Gabon's President Brice Oligui Nguema fired the nation's finance minister.

Peru's government is exploring splitting the assets of its ailing state-owned oil company.

The Trump administration stepped up a pressure campaign against Venezuela's oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions.

China's two largest industrial hubs will reduce power contract prices in 2026 as Beijing pushes to shore up a manufacturing recovery.

The Nigerian tycoon's company agreed to acquire a 20 percent stake in the nation's biggest oil explorer by value to expand his energy business.

The Edinburgh-based company expects to complete engineering and design works next year, before a final investment decision.

The Southeast Asian country installed over one gigawatt of generation capacity this year, with most of the plants fed by renewable sources.