Suriname's Block 52 could become commercial for oil in 18 months, Staatsolie says
The managing director of Staatsolie, the state-owned oil and gas company in Malaysia, said that Petronas was exploring for oil in offshore 'Block 52' in Suriname. This area…
Premier says Australia's largest LNG producer is confident that export restrictions will not harm the state.
Roger Cook, the premier of Western Australia, said that Madeleine King had "assured him" on Wednesday that a new federal policy reserving 20 percent of gas output for domestic…
AustralianSuper: A Glencore listing at ASX could be positive
AustralianSuper, a pension fund, said on Wednesday that if Glencore decided to list its shares on the Australian Securities Exchange it would be a "positive" move for the bourse…
BlackRock sees merit in large scale mining M&A
BlackRock will support consolidation of large mining companies because it would make the sector more accessible to generalist investors at a scale which would make it easier…
Nordic investors ask EU to maintain its stance on Arctic drilling ban amid energy crises
Investors and financial institutions have urged the European Union to maintain its opposition to any new Arctic oil & gas drilling as it considers re-evaluating its position to prioritize energy security.
BlackRock sees merit in large scale mining M&A
BlackRock will support consolidation among large mining companies because it would 'open the sector to generalists investors? at a scale which would make it easier for?bring…
Mexican billionaire Slim says that Pemex's Lakach project, which has been indefinitely stalled, is irrational
Carlos Slim, a Mexican billionaire, said that the deepwater 'natural gas' project that his company?GrupoCarso has agreed to develop? with the state-run oil firm Pemex was "irrational…
Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation, said that the flagship?LNG?facility of…
Sources say that Occidental has taken 10% of the Exxon deepwater offshore Trinidad block.
Occidental Petroleum has acquired a 10% stake in Exxon Mobil’s 'deepwater exploration' block offshore Trinidad and Tobago. This is according to two sources familiar with the situation.
BP ousts Chairman Albert Manifold, citing unnamed Governance Issues
BP announced on Tuesday that it had removed Albert Manifold as its Chair 'with immediate effect'. The company cited governance and conduct concerns, just months after he was appointed to oversee a new strategy.
UN special rapporteur can join case against Woodside LNG plant extension, Australian court rules
The Federal Court of Australia ruled that a U.N. Special Reporter can submit submissions to a case challenging the government’s decision to extend Woodside Energy’s North West Shelf LNG Facility for 40 years.
Santos, Australia's largest LNG producer, aims to reduce its net debt by $2.5billion and focus on the production of LNG
Santos, Australia's second largest oil and gas company, said that it aims to reduce its net debt by $2.5billion?by 2030?and focus on?its?investment?in major oil and LNG production in regions with Tier-1 basins.
The draft Australian LNG policy is a source of anger for the industry
The Australian government released on Monday a draft version of its rules for the export of liquefied gas for consultation. It was aiming to clarify its 20% domestic reservation rule…
BP Whiting Refinery revises its proposal to the union in ongoing negotiations
BP announced that its Whiting refinery had returned 'to the bargaining table' with the United Steelworkers - Local 7-1 negotiating committee on Friday and presented a revised…
MOL, Hungary's largest oil company, gets an extension from the U.S. for its talks to purchase Serbia's NIS
Serbia's energy ministry said that MOL, Hungary's largest oil and gas company, had received a two-week delay from the U.S. government to finish talks on buying a majority stake of Serbia's NIS…
U.S. oil companies in North Dakota are cautious about drilling despite rising prices
?U.S. Oil operators in North Dakota are cautious about increasing?drilling? despite the sharp rise in oil price caused by the Iran War. They want to know if the higher prices…
Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fifth consecutive week.
Baker Hughes, an energy services firm, said in its widely-read report published on Friday that U.S. firms added oil and gas rigs this week for the 'fifth consecutive week' for the 'first time since February 2025.
As the end of the oil era looms closer, a presidential adviser said that UAE has left OPEC and is pumping more.
A senior advisor to the president stated that the UAE's decision to leave OPEC took three years to make and is based on the belief that the world has entered the "autumnal age of hydrocarbons"…
Sources say that despite the disruption caused by Hormuz, OPEC+ leaders are expected to increase their July oil production target.
Four sources have said that seven of the top OPEC+ oil producing?countries are likely to agree?to a'modest increase in July production when they meet June 7th, despite the fact…
The UAE was considering leaving OPEC in three years' time, a presidential advisor has said
A senior advisor to the president revealed that the UAE made the decision to leave OPEC three years ago. The country believes the world is approaching the "autumnal hydrocarbon age"…
