Saudi Arabia may set discounted light crude oil price for first time since 2020
Global oil supply has outstripped demand, mainly because OPEC+ began increasing production in April 2025.
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Nigeria boosts investment by lowering barriers to entry in oil licensing round
The measures demonstrate a shift in Nigeria's strategy towards a sustainable and more efficient energy development model.
Australia and Timor-Leste strengthen partnership to develop offshore gas project
The Australian Government will finance an Infrastructure Fund that will direct at least one-third of Australian revenues derived from the project to Timor-Leste.
OKEA adds new oil discovery in Brage platform
Well 31/4-A-15 D discovered a 38.5 meter hydrocarbon column at Brage.
Shell and BP seek U.S. licenses to extract gas in Venezuela
Both companies are requesting U.S. permission to operate in joint fields, key to supplying Trinidad and Tobago's energy deficit.
Adani Power increases power supply to Bangladesh
The Indian company covers 15.6% of Bangladesh's energy matrix despite the deterioration of relations between the two countries.
India’s oil imports reach highest level in 9 months
India intensifies its energy diversification strategy amid geopolitical pressures.
ExxonMobil accelerates its deployment of carbon capture and storage in the U.S.
CAC projects have been available for decades, but are now at a more propitious time for large-scale adoption.
JERA starts LNG exports from Barossa field in Australia
With a presence in the entire energy supply chain, from upstream production to power generation.
Akrake Petroleum completes drilling and prepares production
The AK-2H well will be ready to produce in the Sèmè field during the first week of February.