Oil and Gas
Oil and gas recovery after the war could take up to two years
The IEA forecasts up to two years to restore oil and gas production following conflict damage.
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
Japan faces the risk of an energy crisis due to a paralysis in LNG supply from the Middle East.
The disruption of LNG supplies in the Strait of Hormuz jeopardizes Japan’s electricity reserve margin during the summer.
Oil and Gas
NextGeo leads marine survey for HVDC link in Italy ’26.
Contract awarded for over 28 million euros for surveys of the subsea route between Milan and Montalto
Oil and Gas
European buyers explore Canadian LNG via the Panama Canal
Europe is considering importing Canadian LNG through the Panama Canal to strengthen its energy security amid global risks.
Oil and Gas
Repsol agrees to new conditions to increase its oil production in Venezuela
Repsol regains operational control in Petroquiriquire to increase its oil production in Venezuela and strengthen payment mechanisms.
Oil and Gas
TotalEnergies Increases Earnings in Q1 2026: $12.4 More Per Barrel
TotalEnergies Offsets 100,000 boe/day Lost in the Middle East with New Production and Boosts E&P Results by $12.4/Barrel in Q1 2026.
Oil and Gas
ALNAFT drives energy exploration with bp global
ALNAFT grants bp a key license in Algeria, driving advanced exploration and paving the way for future biogas integration.
Oil and Gas
Maurel & Prom Increases Production and Revenue in First Quarter of 2026
Maurel & Prom raises production and revenue thanks to oil price increase and greater activity in Gabon.
Oil and Gas
$158M Contract for Drillship in Mediterranean 2026 and Beyond
Transocean Secures $158M for 390 Days in the Eastern Mediterranean, Boosting Its Backlog and Consolidating Its Ultra-Deepwater Fleet.
Oil and Gas
LPG supply could take up to 4 years to recover after the crisis in the Middle East
LPG supply in India could take years to normalize after the geopolitical crisis.
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