Oil and Gas
Venezuela’s withdrawal from OPEC gains momentum amid oil market shifts
The possibility of Venezuela leaving OPEC is gaining momentum as the country recovers oil production and expands its export markets.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
Coverage spans upstream, midstream and downstream activity, including field development, pipelines, terminals, refineries, LNG infrastructure and corporate strategies. It also highlights price signals, regulatory measures, operational changes and technological advances affecting competitiveness across the industry.
Through these stories, Oil and Gas provides a broad view of the assets, companies and market movements defining one of the world’s most strategic industrial sectors.
Latest Oil and Gas News
Oil and Gas
Syensqo expands its aromatic polymer infrastructure in India
The chemical multinational Syensqo will double its production capacity in Panoli to supply the automotive industry starting in the first quarter of 2028.
Oil and Gas
Argentina toughens sanctions against oil companies operating in the Falkland Islands
Argentina expands sanctions against companies linked to oil activities in the Falkland Islands as the Sea Lion project moves towards 2028.
Oil and Gas
Beetaloo Basin drives shale gas development in Australia
U.S. companies are transferring capital and technology to cut operating costs and make shale gas extraction in Australia viable.
Oil and Gas
BP engages Baker Hughes to boost North Sea production
The North Sea industry is seeking greater production not only through new wells, but through interventions capable of extracting more value from existing wells.
Oil and Gas
Hanwha Ocean standardizes its FPSOs to accelerate deepwater projects
The ABS BDR certification is for a repeatable FPSO platform, designed to reduce execution times without eliminating site-specific engineering.
Oil and Gas
GLJ expands its strategic advisory services for complex energy decisions
GLJ expands its strategic and sustainability advisory services to integrate technical, regulatory, and commercial risks into energy decisions.
Oil and Gas
Germany rules out intervention to boost gas reserves before winter
Germany rules out intervention in its gas storage facilities and relies on imports to guarantee supply during winter.
Oil and Gas
Portugal Energy Infrastructure Gains Strategic Weight as State Takes Stake in REN
Portugal acquires a 13.7% stake in REN to strengthen its influence over electricity grids, gas storage and strategic energy infrastructure investments.
Oil and Gas
ExxonMobil to operate Papua LNG ahead of its final investment decision
ExxonMobil will assume operatorship of Papua LNG as the US$14 billion project moves toward FID.
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