Oil and Gas
BP faces pressure from investors over its oil and gas investment strategy
The proposal requests that BP demonstrate in detail how it applies rigorous capital discipline to each new energy project.
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
Penspen delivers record year with $500m in contract awards in 2025 – up 120% year-on-year
Chief Executive Officer, Peter O’Sullivan: “2025 stands out as one of the strongest commercial and delivery years in Penspen’s history.”
Oil and Gas
Kuwait invites foreign oil companies for offshore fields
KPC is seeking foreign investment and regional alliances to accelerate offshore hydrocarbon exploitation and monetize its pipeline network.
Oil and Gas
Citgo will continue to be protected by the U.S. in the face of creditor claims until March
Citgo will be able to continue operating without risk of seizure while the U.S. government analyzes the future of its ownership.
Oil and Gas
Equatorial Guinea and Chevron strengthen Aseng Gas project
The agreement lays the groundwork for the consolidation of the ambitious Mega Gas Hub project in the region.
Oil and Gas
Russian gas demand picks up momentum in Europe through Turkstream corridor
The closure of the Ukrainian route and geopolitical tensions lowered total shipments to about 18 bcm for the full year.
Oil and Gas
Devon Energy and Coterra Energy announce merger to lead the shale gas market
The scheme seeks to ensure strategic continuity and an orderly transition to a new stage of consolidation in the shale gas sector.
Oil and Gas
Natural gas prices fall 20% on mild weather forecast
February is expected to be warmer in the United States, triggering a plunge in natural gas prices after weeks of strong volatility.
Oil and Gas
Oil prices fall sharply on signs of U.S.-Iran talks
Trump suggests Iran is ready to negotiate, reducing risk in the Middle East and sinking crude oil prices.
Oil and Gas
OPEC+ extends production cuts to March 2026
OPEC+ extends cuts for the third consecutive month due to low inventories and stable global demand.
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