Oil and Gas
Norway Expands APA 2026 with 70 New Oil Blocks
Norway's Ministry of Energy launches the APA 2026 round with 70 new blocks for oil and gas exploration on the Norwegian continental shelf.
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Oil and Gas
Petrobras, Shell, and TotalEnergies formalize production in the Sururu and Berbigão fields
The progress ensures harmonious coexistence in the development of strategic assets capable of pumping up to 150,000 barrels per day of heavy crude oil…
Oil and Gas
Uniper obtains permission for 890 MW gas plant at Staudinger
The 890-megawatt Unit 8 will operate on gas and enable the transition to hydrogen to strengthen the German electricity system.
Oil and Gas
Chevron warns of oil shortages in Hormuz
Chevron anticipates a physical oil shortage due to Hormuz and greater pressure on Asia, inventories, and energy trade.
Oil and Gas
The Eirin field begins production and adds Norwegian gas to Europe’s supply
The company expects that Eirin will allow the productive life of Gina Krog to be extended from 2029 to 2036.
Oil and Gas
United Arab Emirates exits OAPEC and distances itself from Arab oil blocs
Abu Dhabi leaves OAPEC and strengthens its autonomy in oil production and crude exports.
Oil and Gas
Helix Energy Solutions sells offshore business and focuses on deepwater
Helix reorganizes its offshore business by selling shallow water assets and strengthening its focus on deep water.
Oil and Gas
Gasoline prices in the US exceed $4.50 and anticipate a more expensive summer
The rise in gasoline prices in the United States reflects the impact of the war with Iran, the closure of the Strait of Hormuz,…
Oil and Gas
Diamondback Energy increases production guidance following solid Q1 2026 results
Diamondback Energy raised its projected production for 2026 following a quarter marked by strong cash generation and lower debt.
Oil and Gas
Marathon Petroleum exceeds expectations in its first quarter of the year
The company's profits grew above expectations thanks to the strengthening of the refining business and the increase in global demand for fuels.
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