MidOcean Energy has agreed to acquire JERA Co. Inc.’s 0.417% interest in the Chevron Corp.-operated Gorgon LNG project, increasing its stake to 1.417%. The deal also covers JERA’s 0.735% interest in ...

The new permits expand INA's exploration portfolio in Croatia, with an initial phase involving seismic surveys and well drilling.

Emergency oil stock releases and alternative supplies are mitigating some impacts of supply disruption from the Iran war, but prolonged conflict could deepen shortages and ...

In response to increased oil prices driven by the Iran war and market instability, the Trump administration said it will draw from the Strategic Petroleum Reserve.

The P-78 FPSO, designed to produce 180,000 b/d of oil and 7.2 million cu m/d of gas, is now operational, boosting Búzios field’s capacity.

A recent poll indicates that 79% participants believe deepwater offshore projects will see the highest investment growth in the next 2-3 years.

While recent comments from Pres. Trump eased immediate concerns about supply disruptions, analysts warn that geopolitical risks in the Middle East remain high, and oil price ...

US crude oil inventories for the week ended Mar. 6, excluding the Strategic Petroleum Reserve, increased by 3.8 million bbl from the previous week, according to data from the US E ...

In the latest Gulf of Mexico lease sale, BOEM received total high bids of $46.98 million, with one bid, from bp, accounting for nearly half that amount.

The project, involving subsea tiebacks to the existing FPSO, expands Brazilian operations for TotalEnergies as it looks ahead to startup of Atapu-2 and Sépia-2.

SLB OneSubsea will deliver subsea equipment for Malaysia's Kikeh field's second development phase, supporting PTTEP Sabah's offshore operations through 2026-2027.

TXO Partners plans to streamline operations by selling assets held through a joint venture and plans to use partial proceeds to settle a deferred payment for assets acquired ...