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Oversupply and low demand to pressure U.S. oil prices in 2026
Stable OPEC+ production and weak demand set a bearish outlook.
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Libya and TotalEnergies extend concessions until 2050
Extension until 2050 of concessions in Waha drives new phase of oil investment led by TotalEnergies in North Africa.
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Chevron and NNPC strengthen reserves with Awodi-07 well discovery in the Niger Delta
The Awodi-07 well confirms oil accumulations in multiple zones and strengthens Nigeria's national energy strategy.
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Oil prices stabilize despite U.S. cuts.
Partial supply recovery in Kazakhstan offsets U.S. production losses
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BPCL signs supply agreement with Petrobras to improve crude oil imports
The agreement with BPCL is part of a broader trend of South-South cooperation in energy matters.
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Shell moves forward with Bonga South West project in Nigeria after Tinubu government incentives
The Tinubu government has stressed its commitment to political stability and speedy implementation of reforms.
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Vitol and BEST extend LNG sales and purchase agreement until 2031
Brunei will consolidate its role as a reliable energy supplier in Asia with new shipments of liquefied natural gas.
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Houston activates as companies prepare for return to Venezuelan oil
Executives, investors and U.S. oil companies are designing strategies to resume operations in Venezuela in the face of a possible easing of sanctions.
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India reorganizes its crude oil matrix after reducing purchases from Russia
Indian Oil strengthens its energy supply by replacing Russian crude oil with barrels from Brazil, Angola and the United Arab Emirates.
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Global natural gas demand to increase in 2026 with LNG boost
During 2025, more than 90 billion cubic meters per year of new liquefaction capacity was approved.
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U.S. pushes for oil return in Venezuela
USA The company is promoting the return of Venezuelan crude oil to the market without offering support to the firms that assume the investment risk.
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McDermott strengthens its offshore presence with new EPCI contract in Abu Dhabi
Global engineering and construction provider McDermott has been selected by ADNOC to execute an EPCI contract that will boost production capacity at the Al Nasr offshore…