Identified as agreements of “high-strategic importance,” the two memorandums of understanding for development of the refinery ...

With the milestone, the Scarborough energy project is now over 82% complete. First LNG cargo is targeted for second-half 2026 ...

Oil supply from non-OPEC+ countries, including the US, is projected to increase by about 800,000 b/d in 2025, down from last ...

GeoPark said it remains flexible to pursue other opportunities after Phoenix Global withdrew from a 2024 agreement.

Chariot is now operator of the Lixus and Rissana licenses and will progress the work program to assess and adapt the Anchois development plan based.

Block I lies in the Caspian Sea and currently produces about 400 MMcfd of natural gas with access to over 7 tcf of natural gas resources and future opportunities for production capacity expansion, ...

Field redevelopment will be through a new-build central processing platform replacing the MOPU with 24 production well-slots. First oil is expected in second-quarter 2027.

At 441.8 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated.