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BP Launches Gas Production at Azerbaijan’s Giant ACG Field

14 hours ago

BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas-producing well was drilled from the West Chirag platform in the Caspian Sea, and is intended to provide early production as well as reservoir and flow data to support appraisal of the field's gas resources and future development planning…

Iran Restarts Output at Three South Pars Offshore Gas Platforms

15 hours ago

Iran has restored gas production at three offshore platforms in the South Pars gas field that had been forced to halt output after Israeli attacks disrupted processing capacity at some onshore facilities, the chief executive of the Pars Oil and Gas Company told state media on Sunday…

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

May 15, 2026

The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering applications.ScioSense…

Norway O&G Revenue Forecast Jumps 30% for '26

May 12, 2026

Norway's government said it expects the state to earn 721.1 billion crowns ($78.71 billion) this year in revenue from oil and gas production, up from $60.7B initially forecast, as the Iran war pushes up energy prices.Norway produces around 4 million barrels of oil equivalent per day…

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

May 07, 2026

Italy’s Eni has announced its Geliga-1 gas discovery offshore Indonesia delivered strong test results, supporting plans for accelerated development in the Kutei Basin.The company said a drill stem test at the Geliga-1 well flowed at rates of up to 60 million standard cubic feet per day of gas…

MidEast Energy Output Recovery to Take Two Years, IEA Says

Apr 17, 2026

It will take about two years to recover the energy output lost in the Middle East from the conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on Friday in an interview with the Neue Zuercher Zeitung newspaper…

Iran War Reshapes Global LNG Trade

Apr 01, 2026

The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Mar 25, 2026

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting liquefied natural gas (LNG) trains, refineries, fuel terminals and critical gas-to-liquids facilities across the region…

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Mar 18, 2026

Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Mar 18, 2026

With the sanctioning of the Gendalo, Gandang, Geng North and Gehem fields, Eni is set to deliver up to 2 bscfd of gas and 90,000 bpd of condensate at plateau. The projects leverage existing infrastructure to accelerate time‑to‑market and strengthen both domestic supply and LNG exports…

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Mar 17, 2026

Eni has marked a pair of strategic milestones, advancing its gas position offshore Angola while reinforcing its financial flexibility through a new multi-billion-dollar credit facility.In Angola, the company announced first gas from the Quiluma field…

Eni: New Gas Discoveries in Libya

Mar 16, 2026

Eni has made two new gas discoveries in Libya as a result of an exploration campaign initiated in the past months.Two adjacent geological structures, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), were successfully drilled by the B2-16/4 and C1-16/4 wells…

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Mar 09, 2026

Valeura Energy has completed an infill drilling campaign at the Manora field in the Gulf of Thailand, bringing three new wells online and increasing oil production from the asset.The campaign was carried out from the Manora A platform on Block G1/48…

Qatar Stops LNG Output, Other O&G Fields Shut as War Rages

Mar 02, 2026

Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.Saudi Arabia shut its biggest domestic oil refinery after a drone strike…

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Jan 27, 2026

Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…

Current News

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

Oil Jumps Over 3% After US-Iran Exchange Attacks

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

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Sources say that Barrick Mining is considering a London listing while it negotiates the sale of its Africa business.
Sources say Holcim will get EU approval for the 1.85 billion Euro Xella acquisition, after offering to sell Romanian assets.
Inflation worries are rising due to the Middle East conflict, and gold is down nearly 2%.
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