Oil and Gas
BP boosts its presence in Egypt after new gas discovery
The new field shares characteristics with the nearby Temsah and Akhen fields.
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
BW Energy Extends Dussafu to 2053, Driving Offshore Investment, Reserves, and Production.
BW Energy Reports Over 240 Million Barrels Equivalent in Reserves
Oil and Gas
Dolphin Drilling signs LOI securing revenue and continuity until 2030.
Dolphin Drilling's LOI guarantees stable revenue and increased offshore efficiency.
Oil and Gas
Baker Hughes to Supply NovaLT™16 Turbines in South America
Baker Hughes introduces NovaLT™16 in South America, driving efficient compression and LNG exports from Vaca Muerta in Argentina.
Oil and Gas
The conflict in Iran impacts 20% of global energy flow.
The closure of the Strait of Hormuz affects 20% of global oil and gas flow, accelerating the transition towards renewable and nuclear energies.
Oil and Gas
The Leviathan field resumes operations after a 33-day safety shutdown.
Analysis of the production, financial, and operational impact on Mediterranean gas following Leviathan’s restart
Oil and Gas
JERA cancels high-impact LNG agreement in the U.S.
JERA terminates its LNG contract with Commonwealth, impacting the financial viability of the Louisiana project.
Oil and Gas
Brent crude prices could exceed $100 due to the closure of the Strait of Hormuz
Brent could exceed $100 if restrictions in the Strait of Hormuz persist, according to Goldman Sachs.
Oil and Gas
Arcius Approves Final Investment for Harmattan Field
The development of the Harmattan field marks a new step in Egypt's gas strategy following the approval of a key investment led by Arcius.
Oil and Gas
Turkey positions itself as the world’s fourth-largest offshore fleet.
Turkey enters the global offshore top 4 as it expands drilling in the Black Sea and launches its first international campaign in Somalia.
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