Oil and Gas
Nigeria loses $1.31 billion due to oil production shortfall
Non-compliance with OPEC quotas generates a deficit of 18.12 million barrels, affecting the country's fiscal stability.
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
TPAO presents its strategy for the exploration of the Khan Tervel block in Bulgaria
This collaboration strengthens the position of the Black Sea basin as a hub for the supply of natural resources in the European environment.
Oil and Gas
Santos cuts 10% of its workforce and reduces operating costs
Unit production cost at US$6.78/boe, the lowest level in a decade.
Oil and Gas
Oil price rises nearly 4% on tensions between Russia, Ukraine and Iran
Geopolitical uncertainty between Moscow, Kiev and Tehran is driving international crude oil prices higher.
Oil and Gas
Eni, YPF and XRG boost Argentina’s gas export potential
Technical and financial cooperation will enable the gas and liquefaction complex to generate sustainable economic benefits and skilled jobs in the region.
Oil and Gas
India plans to use gas at peak hours to support power grid
India plans to activate gas plants at night as a key backup to the intermittent growth of renewable energies.
Oil and Gas
Venezuelan oil to generate US$5 billion in revenues in the coming months
It is estimated that Venezuelan crude oil sales will reach historic figures in 2026, while energy agreements and reforms are being accelerated.
Oil and Gas
Reliance receives green light from U.S. to import Venezuelan oil
The company will be able to resume its direct purchases of Venezuelan crude oil thanks to a new U.S. license, in a context of…
Oil and Gas
DNV strengthens safety with robust 3D mapping of flame detectors
DNV launches RP-A102 for 3D mapping of flame detectors with focus on uncertainty and ALARP decisions in high-risk industries.
Oil and Gas
Brazil projects a strong rebound in oil and gas exploration investments
Brazil projects investments of up to US$1.2 billion in oil and gas exploration between 2026 and 2033, led by offshore drilling.
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