Industry News

Suriname is years behind neighbor Guyana in enticing foreign explorers and reaping the vast riches of massive offshore oil troves.

Oil prices closed flat after a volatile session, with WTI at $71.92 and Brent at $74.49, as rising Middle East tensions offset the fading impact of the Federal Reserve's rate cut and ongoing concerns about China's demand.

Trafigura Group is preparing for a leadership handover.

'Generative AI is emerging as a crucial catalyst for change', SLB's CEO said.

The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5 percent operated interest.

Permian Resources completed its purchase of Delaware Basin acreage and midstream infrastructure from Occidental for about $818 million.

Commercial operations for the first phase are projected to start in 2028.

Subsea7 SA has secured several contracts from Serica Energy and Petrobras for field development and pipelay support vessels.

America's oil and gas boom got a surprising endorsement Thursday from the president's top climate adviser.

The agreement is for the delivery of 1.25 million tons of LNG per year to China until 2034.

'Looking ahead to next week's release, we see potential for a large commercial U.S. crude stock draw'.

'Total oil demand remains significantly below our published projections', J.P. Morgan analysts warned.

Ukraine is in talks about supplying Azeri gas to Europe through its network of pipelines but hasn't yet reached an agreement.

Applications are open until December.

Oil prices advanced, with WTI nearing $72 a barrel, as the Fed's interest-rate cut bolstered hopes for stronger demand, despite concerns over China's slowdown and ample supply.

The Aphrodite gas field consortium secured an agreement with the Cypriot government for further discussions on a development plan.

The U.S. Energy Information Administration reduced its West Texas Intermediate spot price forecasts in its latest short term energy outlook.

It's sitting 90 miles southeast of the Indian city of Mumbai.

State-owned BOTAS has signed two 10-year LNG supply agreements.

Upon closing of the transaction, MidOcean's interest in PLNG will increase from 20 percent to 35 percent.