Oil markets have breached the psychological threshold of $100 a barrel for the first time since May, a development that has rippled through government debt markets, energy prices across Europe,
Oil and Gas
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Sintana Energy Inc has announced that the exploration timeline for its offshore Uruguay assets has been extended by 12 months, whilst developments in Argentina have moved the company closer to
Jadestone Energy PLC has seen its shares rise approximately 6% following the announcement of successful drilling results from its East Belumut field in Malaysia. The independent oil and gas producer
Plexus Holdings PLC has entered into a two-year agreement with Cactus Wellhead, an international service company, to develop and qualify a range of wellhead products for offshore energy applications. The
British energy majors registered significant gains during early trading as Brent crude prices exceeded 90 dollars per barrel for the first time in more than a month, driven by escalating
The European Union has announced its Electrification Action Plan, establishing a target for electricity to constitute 46 per cent of total energy consumption across the bloc by 2040. This represents
Chevron is progressing towards a significant expansion of its operations in Iraq, with the US supermajor scheduled to execute two memoranda of understanding on Friday. The non-binding agreements represent a
China’s state-controlled liquefied natural gas importers have entered negotiations to secure long-term supply contracts with exporters whose shipping routes circumvent the Strait of Hormuz, according to sources familiar with the
Spot prices for liquefied natural gas in Asia have risen by 10 percent over the past week, reaching the highest levels recorded since March, as renewed tensions in the Middle
Libya’s National Oil Corporation (NOC) and Austrian energy company OMV have declared the Essar oil discovery commercially viable, marking a significant milestone in the North African nation’s efforts to rebuild
Sunda Energy PLC has announced the issuance of 11.8 million new ordinary shares following the conversion of £110,000 in outstanding debt by Alumni Capital. The transaction involves the conversion of
Helium One Global Ltd has completed its first helium sale from the Galactica project in the United States, marking a significant operational milestone for the AIM-listed company as it transitions
Brent and US crude climbed more than 3% as renewed US-Iran attacks and uncertainty over the Strait of Hormuz hit Asian equities and revived inflation concerns.
Shell has agreed to sell Sprng Energy to Aditya Birla Renewables for $1.8 billion, releasing capital as the FTSE 100 group sharpens its focus on LNG and upstream operations.
Iraq is seeking major US investment in oil, gas and power infrastructure, with Chevron, ExxonMobil, HKN Energy and GE Vernova linked to projects.
The global oil market faces a precarious recalibration as the most recent flare up in Middle East tensions tests the delicate balance that had begun to reassert itself after a
