The United States has reached an agreement with Venezuela to assume control of more than 65 billion barrels of the South American nation’s proven oil reserves, President Donald Trump has
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The Aberdeen Norway Gateway event series has expanded its reach to include a networking session in Stavanger, Norway. This addition took place during the ONS 2026 conference and attracted more
The Northern Endurance Partnership is expected to commence drilling its first of six development wells within the coming fortnight. Michael McGhie, the technical manager for the partnership, confirmed the timeline
The global energy market faces a prolonged fuel crisis that is expected to outlast the immediate hostilities in the Middle East. Although crude oil prices remain below one hundred dollars
The president of the Offshore Norway Summit has called for a renewed sense of courage within the energy sector to navigate the current geopolitical landscape and drive technological innovation. Speaking
Crude oil prices are on track for a five per cent weekly gain, driven by escalating geopolitical tensions in the Middle East that have pushed benchmarks closer to the $100
Aker BP and Equinor have announced that drilling operations at the Svarteknippa site in the Norwegian North Sea have concluded without any hydrocarbon discoveries. The exploration well, designated 15/6-17, was
Global oil markets have seen Brent crude fluctuate around the $90 per barrel mark, dipping slightly from a recent peak while spot gold climbed to its highest level in two
Global oil prices remained largely unchanged on Monday, 10 August, following a morning session where initial gains evaporated amid uncertainty surrounding negotiations to reopen the Strait of Hormuz. Progress in
Major oil operators continue to accumulate record levels of profit yet maintain a restrained approach to capital expenditure, despite emerging indications that demand for services may soon outstrip supply. While
The United States energy sector has provided essential relief against the global supply disruption caused by the closure of the Strait of Hormuz. According to an analysis released this week,
Recent financial results from Saudi Aramco reveal a stark divergence between reported earnings and actual liquidity, suggesting that the world’s largest oil producer is facing significant operational challenges despite record
The ongoing conflice in the Middle East has caused significant disruption to global energy flows, with particular concern regarding liquefied natural gas. While crude oil receives substantial attention due to
An assault on the Abqaiq oil-processing complex operated by Saudi Aramco has emerged as a defining energy event of 2026, challenging long-held assumptions about global supply security. While current market
Former Oil and Gas UK boss Malcolm Webb has described the departure of BP from the United Kingdom as a direct result of what he terms gross negligence by successive
The price of Brent crude fell sharply on the news that the United States and Iran had paused their strikes, offering a temporary horizon of calm to a region long