Vår Energi has submitted a PDO for the Goliat gas export project in the Barents Sea, aiming to boost oil recovery, export gas to Hammerfest LNG and extend field life to 2050. SourceContinue Reading
The Permian basin holds an estimated 55,000 sub-$50/bbl drilling locations, according to Enverus, highlighting expanding low-cost inventory alongside emerging development sequencing risks. SourceContinue Reading
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
