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The U.S. Department of the Interior has announced that it is withdrawing the Biden-era offshore leasing plan for 2024-29 and instituting a new plan.
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus.
The move, the minister said, is part of a four-pronged strategy aimed at building “a future where energy is secure, affordable, and sustainable.”
Russian roulette: the Russia-China gas realignment is one of the key gas market uncertainties over the medium-term.
Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life.
The Trump administration has unveiled a schedule to hold more than 30 offshore oil and gas lease sales over the next 15 years.
BP announced that it had made its biggest oil and gas discovery in 25 years in the Santos Basin, Brazil, which would shift the company’s focus from renewable energy to fossil fuels.
Opposition energy spokesperson Megan Woods said Thursday the government was putting "the interests of the oil and gas companies at the forefront".
Ongc: Petroleum Minister Hardeep Singh Puri announced a surge in India's oil and gas exploration, particularly offshore, driven by opening 'No-Go' areas in 2022.
Shell, Norway's Aker BP and Canada's Enbridge have all quit the expert advisory group of Science-Based Targets initiative since late last year, the FT reported.
The ammonia-fueled vessel sector took another major step forward with the news that Navigator Holdings and Amon Maritime have formed a new joint venture and ordered two ammonia-fueled liquefied ammonia carriers.
ExxonMobil and Qatar Energy have hit another natural gas find in the Block 10 lease south of Cyprus, adding to a previous discovery in the same area.
The earnings snapshot from the largest US oil producer is closely watched for clues on how the broader oil sector will fare when companies begin releasing quarterly results in a few weeks.
Gas demand in the European Union is expected to fall by 7 per cent by 2030 as renewable energy and electrification increase, a report by thinktank Ember showed on Tuesday.
Israeli strikes on Iranian nuclear sites spark crude and gas price surge, raising fears of broader supply disruptions and heightened geopolitical risk in global energy markets.
In a recent speech at the Energy Asia Conference, Saudi Aramco CEO Amin Nasser emphasized the vital importance of oil and gas amidst ongoing conflicts, particularly in light of recent tensions involving Israel and Iran and their impact on oil prices.
Saying that “Russia’s goal is not peace,” and frustrated by the Trump administration’s lack of action on sanctions against Russia, the European Union outlined what it is calling “hard-biting sanctions” for its 18th package since the invasion of Ukraine.
Indian oil and gas sector is likely to see strong growth through the fiscal year 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
India aims to diversify its import basket by increasing purchases of shale gas, LNG, and crude oil from the US, leveraging lower prices.
Data shows that Russian fossil fuel revenues are three times higher than aid allocated to Ukraine.
Analysis of the ownership links behind an LPG tanker that exploded off the coast of Iran in August provides a rare glimpse into the workings of an operation designed to sidestep US sanctions on Iran through the use of front companies and deceptive shipping practices.
British energy company Ineos has completed a planned acquisition of the U.S. Gulf assets of Chinese state oil major CNOOC.
The United States has revoked licenses for several international oil and gas companies to operate in Venezuela, impacting firms like Chevron, Repsol, Maurel & Prom, and others.
On Sunday, China National Offshore Oil Company (CNOOC) announced the discovery of a significant new field in an undisputed area of the South China Sea.
TotalEnergies said it plans to sell more natural gas in coming years, likely increasing the company's indirect emissions of planet-warming gasses such as CO2, but said overall emissions will fall due to the transition from dirtier fuels, it said on Thursday in its annual sustainability progress report.
