Petrobras Starts Production at 7th Buzios Platform
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.
Foreign Claims to Venezuelan Oil in Doubt after US Intervention
'The crucial question is what will happen with Venezuela's production from here. This remains hard to forecast', the analysts said.
QatarEnergy to Supply LNG to Egypt for Summer
QatarEnergy and Egypt's EGAS also agreed to launch talks on long-term LNG supply deals.
Nexus Says Not Discussing Pipeline Financing With NNPC
Nexus Alliance said it was not in talks with the Nigerian National Petroleum Co. about financing pipeline upgrades.
Data Center Plan Targets $9B in Gas-Rich Alberta
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 Fluctuates as Traders Weigh Surplus, Geopolitical Risks
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 Bags Deals Worth More Than $4B Over Festive Period
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.
Ships With Russian Oil Signal Reliance Plant as Destination
At least three tankers carrying Russian crude are indicating Reliance Industries Ltd.'s plant on India's west coast as their next destination.
Oil Execs Quizzed on Capital Spending, Workforce Changes
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.
USA Crude Oil Inventories Drop Almost 2MM Barrels WoW
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, Equinor File Legal Challenges to Wind Farm Halt
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 Files Legal Challenge to Wind Farm Suspension
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.
OPEC Member Fires FinMin Days After Rating Cut
Gabon's President Brice Oligui Nguema fired the nation's finance minister.
Peru Eyes Splitting $6B Refinery From State Oil Firm
Peru's government is exploring splitting the assets of its ailing state-owned oil company.
US Sanctions Chinese Entities with Venezuelan Oil Links
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 Industrial Hubs to Trim Power Prices
China's two largest industrial hubs will reduce power contract prices in 2026 as Beijing pushes to shore up a manufacturing recovery.
Tycoon Elumelu to Acquire 20 Percent in Seplat
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.
Harbour Assumes Operatorship of Zama Project offshore Mexico
The Edinburgh-based company expects to complete engineering and design works next year, before a final investment decision.
Philippines Says Over 1 GW of Power Capacity Added in 2025
The Southeast Asian country installed over one gigawatt of generation capacity this year, with most of the plants fed by renewable sources.
Shipping Route for Kazakhstani, Russian Oil Offline Due to Glut, Weather
The CPC export system, already reeling from a boat attack, suspended acceptance and transshipment at its Black Sea terminal due to adverse weather and glutting at storage facilities.
