Management
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Members of the International Energy Agency said they would make available 400 million bbl from emergency reserves amid market disruptions.
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Aramco’s latest MOUs focus on driving innovation and growth across oil, gas, and downstream sectors. -
Strathcona doubles down on heavy oil—sells Montney assets for nearly CAD 3 billion, grabs Canada’s top crude-by-rail hub, and sets sights on MEG Energy in bold growth move.
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Floatover topsides installation is the latest milestone in Woodside's $12.5 billion gas project.
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Operator Cenovus expects the concrete gravity structure to be moved in June, first oil to be produced in Q2 2026.
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The investment underscores ExxonMobil’s pivot to Nigeria’s offshore after it finalized the divestiture of its onshore assets in the country.
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The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
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Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
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Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.
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FLNG vessels will handle gas from the Vaca Muerta formation when they go online in 2027 and 2028 offshore Argentina.
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Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
