Oil and Gas
Canadian Oil Sands Gain Attractiveness Amid Rising Costs in the Permian Basin
Alberta oil sands improve their competitiveness through lower costs and strong heavy crude demand.
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Oil and Gas
Oil prices rise due to uncertainty surrounding Iran and the IEA’s warning.
The oil market reacts to uncertainty about Iran despite the IEA's oversupply forecasts.
Oil and Gas
BP Launches Sale of Stakes in Kaskida and Tiber Offshore Projects
Two major oil projects in the Gulf of Mexico, Kaskida and Tiber, its main oil developments with production expected by the end of the…
Oil and Gas
Equinor abandons its 2030 renewable energy target and prioritizes oil and gas
Equinor revised its energy strategy and eliminated its renewable capacity target planned for 2030.
Oil and Gas
Equinor drills a dry well beneath the Heidrun field in the Norwegian Sea
The exploratory well 6507/8-D-4 CH confirmed the absence of hydrocarbons at deep levels of the Heidrun field.
Oil and Gas
The IEA forecasts an oil surplus in 2027 after the reopening of the Strait of Hormuz
The IEA projects an oil oversupply in 2027 driven by the gradual recovery of the Middle East and Hormuz.
Oil and Gas
Texas Power Generation Hub to drive new natural gas demand
Texas Power Generation Hub projects 5.2 GW of power generation and accelerates strategic investments in natural gas and energy infrastructure.
Oil and Gas
MOL Group and partners sign production sharing agreement to explore the Libyan Sea
The consortium formed with Repsol and TPAO will begin hydrocarbon exploration in offshore block O7 in the Mediterranean Sea.
Oil and Gas
JAPEX Completes Natural Gas Exploratory Drilling in Hokkaido
The petroleum firm rules out immediate commercial exploitation after evaluating the volume of resources detected off the coast of Hidaka.
Oil and Gas
Naftogaz Group secures long-term regasification capacity at the Klaipėda terminal
The Ukrainian corporation gains access to the global liquefied natural gas market to secure strategic supply between 2033 and 2044.
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