Indian state-owned oil major ONGC is preparing to assume operational control of two significant projects within Venezuela from the nation’s national petroleum company, PDVSA. This strategic shift would grant Indian
oil-gas
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The ongoing conflict in the Middle East has triggered a significant surge in global refining margins, delivering record-breaking profits to major international oil companies. For the second time within this
BP faces a moment of recalibration as it signals a potential oversupply in the global oil and gas market even as geopolitical tensions and the energy transition continue to reshape
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
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
Quadrise has extended its Nouryon collaboration, supporting continued development and commercialisation of MSAR and bioMSAR fuel technologies.
Fresh US-Iran hostilities and a renewed blockade of Iranian shipping drove Brent crude above $87, lifted gas prices and pushed UK borrowing costs sharply higher.
Greenfire Resources has agreed a C$1.27 billion cash acquisition of Connacher Oil and Gas, lifting expected 2026 production to about 34,000 barrels per day.
Brent rose more than 4% after Donald Trump said the US was reinstating a naval blockade on Iran and would seek a 20% reimbursement on cargo shipped through the Strait of Hormuz.
