Shell has agreed to sell its 16.67% non-operated interest in Australia's North West Shelf (NWS) LNG project to subsidiaries of XRG for a base consideration of $1.45 billion.The deal covers Shell's interest in the North West Shelf project in Western Australia, including associated upstream interests, pipeline and midstream infrastructure, as well as interests in related petroleum and pipeline titles…
Saudi state oil giant Aramco is working to expand a crude pipeline that circumvents the Strait of Hormuz as the world continues to experience the biggest energy supply shock in history, CEO Amin Nasser said on Tuesday.The effective blockade of the chokepoint that links the Gulf to world markets…
ADES Holding has secured a one-year contract extension for the Shelf Drilling Tenacious jack-up rig offshore Angola and a new drilling contract for the Shelf Drilling Perseverance in Indonesia, adding to its offshore drilling backlog across Africa and Southeast Asia…
Saudi state oil company Aramco reported on Tuesday a 34.5% increase in third-quarter net profit despite attacks on its facilities, mainly due to higher revenue and its exit from a joint venture.The world's top oil exporter reported a net profit of $36…
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and…
Woodside Energy has signed a 20-year agreement to supply QatarEnergy with up to 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from its Louisiana LNG project in the United States, with deliveries expected to begin in 2030.The…
Thailand's PTT Exploration and Production (PTTEP) and Eni have established an equally owned joint venture to hold their interests in the Ghasha gas development offshore Abu Dhabi.The new company, Seela Energies B.V., was established by PTTEP's…
Masirah Oil has started operations on the first well of its infill drilling campaign at the Yumna oil field offshore Oman, following several delays to the development program earlier in 2026.The company announced the start of operations on October 21…
Oil prices oscillated on Monday as the market considered possible further supplies after US President Donald Trump hailed fresh Russian diesel exports against supply-constricting signals after major attacks on Saudi Arabia.Retracing earlier losses…
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.The chief executives of ExxonMobil…
Iran is still reviewing a US response to its proposal regarding the reopening of the Strait of Hormuz and will reply to Washington via intermediaries when the review is over, foreign ministry spokesperson Esmaeil Baghaei said on Monday.Baghaei…
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures LCOc1 rose 81 cents…
KBR has been awarded a contract by Saudi Aramco to provide engineering and project execution services for upgrades to offshore facilities at the Marjan oil and gas field in the Arabian Gulf.The scope covers key offshore processing, gas compression…
The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the US are met, state media reported Iran's parliament speaker Mohammad Baqer Qalibaf as saying on Sunday.Iran presented a proposal…
The number of liquefied natural gas cargoes exiting the Strait of Hormuz rose in September to its highest monthly level since the US-Israeli war on Iran began, data from analytics firms show, despite persistent security worries and uncertainty…
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