The U.S. and Iran are moving toward further negotiations to extend a fragile ceasefire, even as tensions over the Strait of Hormuz continue to disrupt global oil flows and keep markets on edge. SourceContinue Reading
EIG has launched a new geothermal investment fund to support mid-stage project development in the U.S., aiming to accelerate next-generation geothermal power and subsurface energy growth. SourceContinue Reading
Senegal is advancing its hydrocarbon strategy through regulatory reforms and expanding oil and gas production, while developing gas-to-power infrastructure to support long-term energy growth. SourceContinue Reading
The IEA, IMF and World Bank warn that the Middle East conflict is causing prolonged disruptions to global oil and gas markets, with supply shortages and elevated prices expected to persist. SourceContinue Reading
Equinor has sold an 8% stake in Scatec for approximately NOK 1.6 billion, reducing its shareholding while maintaining renewable energy partnerships in Brazil. SourceContinue Reading
Petrobras has approved FID for its SEAP I project offshore Brazil, advancing a major FPSO-led development that could unlock over 1 billion boe and expand gas supply from a new frontier basin. SourceContinue Reading
Transocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030. SourceContinue Reading
bp CEO Meg O’Neill is restructuring the company to simplify operations and return to a traditional upstream and downstream model, as the company seeks to improve performance. SourceContinue Reading
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt. SourceContinue Reading
TotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and plans for a tie-back to existing production infrastructure. SourceContinue Reading
