Oil and Gas
CNOOC advances heavy crude production at Bohai
Luda 5-2 North Phase II optimizes offshore production with advanced thermal recovery technology.
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
Tokyo Gas sells its stake in the Eagle Ford shale gas field
The company decided to sell its stake in the field after eight years of operation.
Oil and Gas
Aramco signs 25% stake acquisition agreement with Unioil Petroleum Philippines
This acquisition follows Aramco’s previous retail acquisitions in Chile and Pakistan to expand its services portfolio.
Oil and Gas
FPSO Almirante Tamandaré begins operations in the Búzios field
Petrobras activates the Almirante Tamandaré FPSO in Búzios, taking oil production to new levels with 225,000 barrels/day.
Oil and Gas
CNPC successfully drills Asia’s deepest well
The 10,910-meter Shenditake 1 well in Xinjiang marks a key breakthrough in CNPC's deep oil and gas exploration.
Oil and Gas
Wood extends engineering contract with Shell UK for $120 million
Wood Group extends its EPC contract with Shell UK for $120 million, ensuring support for the company's UK assets.
Oil and Gas
China launches first carbon-capturing FPSO vessel to cut emissions in crude oil production
In addition to capturing the CO2 it emits, it uses the heat from the exhaust gases to generate electricity.
Oil and Gas
Eni signs agreement with Egypt and Cyprus for the export of gas from the Mediterranean
Explorations have identified other resources in the Cronos and Zeus deposits, with great production potential.
Oil and Gas
SBM Offshore and Petrobras advance carbon capture for FPSO
SBM Offshore and Petrobras are working on integrating CO2 capture technology in FPSOs to reduce emissions in oil and gas production.
Oil and Gas
Petrobras secures new oil export contract with BPCL in India
The alliance with BPCL strengthens the commercial relationship between Brazil and India, to expand its international reach in high-demand markets.
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