Oil prices edged up on Friday but were headed for a second weekly decline as the continued US focus on its blockade and economic pressure on Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk…
Japan's biggest oil and gas explorer Inpex 1605.T on Thursday lifted its 2026 net profit forecast by 7.8% to a record 550 billion yen ($3.4 billion) on higher oil and gas prices and robust output at its Australian Ichthys liquefied natural gas project…
The Maritime and Port Authority of Singapore (MPA) has opened applications for licenses to operate up to two liquefied natural gas (LNG) floating storage units (FSUs) in Singapore anchorages, aiming to expand LNG bunkering capacity and strengthen supply resilience…
Vietnam-Russia joint venture Vietsovpetro has started commercial oil production from the BK-26 platform at the Bach Ho field in Block 09-1, bringing the facility online 36 days ahead of schedule.First oil flowed at 7:15 a.m. on November 9, ahead of the originally planned December 15 start…
A fire that broke out on a platform at Iran's South Pars gas field, the world's largest offshore natural gas field, was contained on Tuesday, the semi-official Fars news agency reported, citing the deputy oil minister.The cause of the fire was under investigation…
Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran 'at this point,' easing fears of sustained supply disruptions from the Middle East…
Murphy Oil Corporation has secured six offshore exploration licenses in Israel's Zone G, marking the company's entry into the Eastern Mediterranean.The licenses, awarded by the Government of Israel, cover approximately 1,700 square kilometers offshore Israel…
VAALCO Energy has secured government approval to advance exploration at its operated CI-705 block offshore Côte d'Ivoire, with plans to drill an exploration well by the end of 2028.The approval follows the completion of the block's First Exploration Phase…
Windows were blown out across several floors of Saudi oil giant Aramco's corporate office in the heart of the financial district of the capital Riyadh on Sunday by what the energy ministry said was debris from an attempt to attack the building…
ADES Holding has secured three-year contracts from India's Oil and Natural Gas Corporation (ONGC) for two jack-up drilling rigs, with a combined firm contract value of approximately $117.2 million (SAR 439.6 million).The awards cover the standard jack-up rigs Key Singapore and Admarine 10…
Malaysia's Velesto Energy has secured a contract from Petronas Carigali for its NAGA 3 jack-up drilling rig, covering one firm well and an option for a second well.The contract was awarded through Velesto's wholly-owned subsidiary, Velesto Drilling…
Aker Solutions has received a letter of award (LOA) from PTSC Mechanical and Construction (PTSC M&C) for detailed engineering work on the redevelopment of QatarEnergy's Maydan Mahzam oil field offshore Qatar.The scope covers detailed design services for several offshore installations…
TotalEnergies has signed an agreement with China's Jiangsu Guoxin Group to supply 900,000 tons of liquefied natural gas (LNG) annually for 15 years, with deliveries expected to begin in 2028, subject to the finalisation of sales and purchase agreements…
Energy technology company Baker Hughes has launched a global Mature Assets Solutions (MAS) hub network aimed at helping oil and gas operators increase production efficiency, improve recovery and extend the life of existing fields.The network…
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