Upstream

Top industry captains dismiss fears of oil glut next year, warn of risks from underinvestment Chief executives of Eni, Total Energies, BP, Petronas and Adnoc Upstream raise concerns about the …

Qatar renews threat to cut LNG supplies to Europe over tough sustainability rules European rules to take effect from 2027 and will require importers to ensure that LNG imports meet …

US player sees ‘no need for incremental oil barrels’ until price settles Diamondback Energy chief notes ‘hotly contested debate’ over oil oversupply as reason for continued activity caution

Chevron announces senior executive departure Supermajor announces its controller is due to stand down in 2026

US shale players agree $12.8 billion merger SM Energy and Civitas Resources say tie-up will create top 10 US oil-focused producer with 823,000 net acres

Driller wins notice to return two rigs to work in Saudi Arabia Nabors Industries units will start up again in March and June

Allseas back in Brazil ‘to stay’ after winning large Petrobras subsea contracts Company will be in charge of installing the Buzios-10 and Atapu-2 pre-salt systems

Chevron dives into frontier African play in hunt for oil riches US supermajor snaps up two blocks offshore Guinea-Bissau where elections are imminent

Petronas and Eni merger creates new energy player with focus on gas, LNG NewCo plans to invest more than $15 billion over next five years

TotalEnergies pins high expectations on Iraq First oil from Ratawi Phase 1 development expected early next year, says Pouyanne

The Brazilian city of Belem will host the COP30 climate conference in November. Photo: AFP/SCANPIX

UK's Forties Pipeline system marks 50 years Pipeline system was officially opened by Queen Elizabeth II in 1975

Norwegian services giant quietly confident about prospects Aker Solutions chief executive Kjetel Digre shares his company's outlook on opportunities in Norway

Energean plans new Israel-Cyprus gas pipeline Subsea pipeline would carry gas from Energean's FPSO offhsore Israel to Cyprus.

Adnoc chief says oil demand to stay over 100 million bpd beyond 2040, and calls for $4 trillion of annual energy investments Al Jaber said that while the near-term uncertainty …

Shell has exited its joint venture with EDF in the Atlantic Shores projects in the US. Photo: REUTERS/SCANPIX

BP divests US shale assets but remains operator Transactions with US investor will provide $1.5 billion of revenues to UK supermajor

Opec+ halts output increase for Q1, oil prices extend gains Opec+ members have agreed to marginally raise output by 137,000 bpd in December

Multiple suspended rigs poised to resume operations in Saudi Arabia Arabian Drillimng has received notices of resumption for two offshore and three land rigs

QatarEnergy awards landmark CCS project to leading Asian contractor The Qatari operator is carrying out a key decarbonisation drive to reduce greenhouse gas emissions at existing upstream facilities

PTTEP closing in on FID for key oil and gas projects Several offshore and onshore developments lined up for sanction before end of year

Speakers at the Asia Gas Markets Conference 2025. From left: S&P Global Commodity Insights principal analayst Megan Jenkins, Vitol head of LNG trading Claudio Ribeiro, SEFE head of LNG trading …

US Secretary of Energy Chris Wright talks during a news conference at the Nevada National Security Site (NNSS) in Las Vegas on Monday, 20 October 2025. Photo: AP/SCANPIX

US Senator Ted Cruz (R-TX) walks after a vote on the 20th day of the federal government shutdown at the US Capitol in Washington, DC, on 20 October 2025. Photo: …

ExxonMobil eyes Mozambique progress after TotalEnergies lifts force majeure Chief executive Darren Woods says Rovuma LNG project is 'moving ahead' during third quarter earnings call

Petrobras hits 1 million bpd production milestone at Buzios Brazilian player has six FPSOs operating in Buzios and five more to enter operation by 2027

Energean to tender carbon capture drilling contract Prinos project would be the first carbon dioxide store in Greece

ExxonMobil profits fall but top Wall Street estimates Company broke production records in Guyana and the US Permian basin

Wood closer to Sidara deal after reporting delayed earnings Company on Friday published earnings including overdue 2024 full year results whose delay had led to suspension of shares earlier this …

Chevron beats consensus in third quarter on record output, higher refining margins US supermajor reports leap in hydrocarbon output following Hess acquisition and production ramp-ups

Petrofac collapse should prompt UK supply chain review, say analysts Petrofac filed for administration this week, causing scrutiny of the UK North Sea's supply chain resilience

Ships wait in the Gulf of Suez to cross the Suez Canal at its southern entrance near the Red Sea port city of Suez, in a picture from 2021. Photo: …

Aker Solutions prepares for slowdown after full capacity work spree 2026 activity levels will be reduced while company is currently delivering multiple projects

Wood profits drop as financial challenges weigh on performance Company on Friday also published overdue 2024 full year results whose delay had led to suspension of shares earlier this year

Contracting giant replaces Petrofac at landmark North Sea project Petrofac’s proposed restructuring plan collapsed last week after TenneT terminated its workscope on the 2 GW offshore wind programme

Early results are in for big Namibia appraisal well BW Energy is running a wireline operation on the Kharas-1 well

Russian President Vladimir Putin (left) and US President Donald Trump (right). The UIS is tightening sanctions against Russia's oil and gas sector in an effort to hit Moscow's revenues from …

TotalEnergies CEO stresses Mozambique LNG can be delivered in four years ‘As soon as we mobilise, we’re fully in construction mode’ Patrick Pouyanne tells analysts

Lower oil prices hit PetroChina's profit despite production growth Chinese energy giant boosts oil and gas output and cuts costs to mitigate the market downturn

SLB OneSubsea wins EPC contracts for PTTEP's deepwater projects Joint venture will provide subsea production systems for two assets offshore Sabah, East Malaysia