Oil and Gas
Vaalco adjusts drilling in Gabon after dry hole discovery
The ET-14P well turned out to be a dry hole, so Vaalco will sidetrack its drilling toward a previously confirmed productive area.
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.
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Latest Oil and Gas News
Oil and Gas
Valeura Energy Increases Oil Production in Thailand
Three new wells at Manora boost Valeura's production and open new oil zones in the Gulf of Thailand.
Oil and Gas
Chevron to supply gas to Horizon Power in Western Australia
Chevron secures gas supply to stabilize the power grid in remote areas of Western Australia.
Oil and Gas
Shell strengthens its presence in Venezuela with new energy agreements
Shell signed agreements with the Venezuelan government to reactivate natural gas and oil production, and to export gas to Trinidad starting in 2027.
Oil and Gas
Eni strengthens its presence in Nigeria with a new oil agreement
The Italian company and the Nigerian government unlock the development of Zabazaba and Etan after resolving the dispute over OPL 245
Oil and Gas
NSTA Approves Drilling to Expand UK Carbon Storage
The drilling of the new well could be integrated into the Endurance project, solidifying the UK's leadership in carbon storage.
Oil and Gas
Corinth Pipeworks acquires LSAW plant in Hartlepool
Corinth Pipeworks purchases the Hartlepool LSAW plant to expand its pipe production for global energy projects.
Oil and Gas
Velesto Secures 5-Year Drilling Contract with PETRONAS
The NAGA 2 rig will operate from 2026 under an agreement that consolidates Velesto's position in the regional energy market.
Oil and Gas
Bay du Nord marks a new chapter in Canada’s energy development
The agreement between the Government of Newfoundland and Labrador, Equinor, and BP revitalizes the Bay du Nord offshore project, providing direct benefits to the…
Oil and Gas
Argentina signs its first LNG export contract with Germany
Argentina finalizes historic agreement with SEFE to supply liquefied natural gas for 8 years.
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