Mozambique LNG has fully restarted onshore and offshore construction activities after lifting force majeure declared in 2021, with more than 4,000 workers mobilized at the Afungi site and first LNG now targeted for 2029, according to project partners and the Mozambican government. SourceContinue Reading

Brent crude climbed above $71 a barrel as U.S. President Donald Trump warned Iran to accept a nuclear deal or face possible military action, reigniting fears of supply disruptions through the Strait of Hormuz and adding a fresh geopolitical risk premium to oil markets. SourceContinue Reading

Cairn Oil & Gas has reported a gas discovery at its Ambe offshore block on India’s west coast, advancing appraisal of one of the country’s Discovered Small Field assets. Additional wells are planned as the operator evaluates development options for the shallow-water find. SourceContinue Reading

SLB has won two five-year contracts from Petroleum Development Oman to supply wellheads and artificial lift systems for Block 6, supporting production and in-country value initiatives. SourceContinue Reading

Noble has completed the $360-million sale of five premium jackup rigs to Borr Drilling, reshaping both companies’ offshore portfolios. The deal expands Borr’s fleet to 29 rigs while allowing Noble to retain near-term operational exposure through charter arrangements. SourceContinue Reading

Venezuela’s proposed hydrocarbons law is drawing criticism from investors, unions and U.S. officials as the interim government seeks to revive oil production while balancing political resistance and investor concerns. SourceContinue Reading

The American Petroleum Institute (API) told U.S. senators this week that reforming the federal permitting system is critical to meeting rising energy demand and advancing new infrastructure investment across the U.S. energy sector. SourceContinue Reading

GeoPark has renewed and expanded its crude offtake and prepayment agreement with Vitol, covering 100% of production from key Llanos basin blocks in Colombia and providing access to up to $500 million in flexible funding through 2028. SourceContinue Reading

Nigeria has included four frontier oil blocks in the Lake Chad basin in its latest licensing round, despite ongoing security challenges in the region, as the country seeks to boost reserves and raise crude output toward long-term production targets. SourceContinue Reading

Africa is expected to remain the world’s most active region for high-impact oil and gas exploration drilling in 2026, driven by continued interest in ultra-deepwater and frontier basins, according to new analysis from Rystad Energy. SourceContinue Reading