The Venezuelan oil sector has languished for years under the weight of chronic underinvestment, deteriorating infrastructure and endemic corruption. Following recent military action in Caracas that resulted in the detention
Oil and Gas5- Page
205Articles
Shell stands to secure billions of dollars in revenue from Venezuelan gas projects following the political transition that saw Donald Trump facilitate the departure of Nicolás Maduro. The British supermajor
Turkey is set to commence its inaugural deepwater drilling operation off the coast of Somalia next month, marking a significant milestone in Ankara’s overseas energy exploration strategy. Energy Minister Alparslan
Oil prices maintained upward momentum on Tuesday, reversing earlier losses during Asian trading sessions, as geopolitical risks emanating from Russia and Iran overshadowed persistent oversupply concerns. Trading volumes remained modest
Saudi Aramco is positioned to acquire a 20 percent stake in a planned refinery that India’s state-owned Bharat Petroleum Corporation Limited (BPCL) intends to construct with an estimated total investment
Oil prices are approaching their steepest annual decline since the pandemic-induced collapse of 2020, pressured by mounting concerns over a deepening supply glut. The deterioration in crude markets has intensified
European equity markets achieved record highs during Tuesday’s trading session following a subdued performance across Asian markets, as investors assessed substantial gains heading towards the conclusion of the year. Precious
Chicago Bridge and Iron Company has acquired Petrofac’s Aberdeen-based engineering and operations division in a rescue transaction that preserves approximately 3,000 positions within the United Kingdom’s energy sector. The Texas-based
The price of Brent crude has fallen below sixty dollars a barrel for the first time since May, as markets respond to potential progress in talks to end the conflict
Harbour Energy expands North Sea footprint with $170 million dollar Waldorf deal and job cuts follow
Harbour Energy has strengthened its North Sea operations through a $170 million dollar acquisition of key assets from Waldorf Energy Partners and Waldorf Production, shortly after the company announced it
Equinor, the Norwegian state-backed energy company, has unveiled plans to drill 250 oil and gas exploration wells off Norway by 2035. The initiative, one of Norway’s largest ever industrial undertakings,
A report from Offshore Energies UK warns that the cost of dismantling obsolete oil and gas platforms in the North Sea has reached a new high, set to surpass spending
Oil prices are heading towards their lowest point in two decades aside from the pandemic downturn, according to forecasts from JP Morgan. The bank projects the price of Brent crude
Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic
The proposed acquisition of a North Sea oil company with backing from billionaire Conservative Party donor Lord Michael Spencer has been delayed due to fraud allegations facing the buyer. Deltic
The presence of the American fleet in the Caribbean signals a major shift in geopolitical tension. Led by the USS Gerald Ford, the world’s most powerful aircraft carrier, the United
