Saudi Arabia's crude oil exports rose nearly 8 per cent in August to their highest level since March, signalling a continued recovery in shipments despite the prolonged disruption to regional energy flows caused by the Middle East conflict....
US President Donald Trump has waived key Russia-related sanctions and tariffs days before they were to take effect under a law he signed last month, including duties on the country's goods and penalties for buying its oil and gas. ...
Senegal is offering 104 oil and gas blocks to investors as it seeks new upstream contracts to accelerate exploration and production, Energy and Petroleum Minister El Hadji Abdourahmane Diouf said at African Energy Week 2026 in Cape Town....
Equinor and its partners Petoro and TotalEnergies have made an oil and gas discovery near Norway’s Oseberg field, with preliminary estimates indicating recoverable resources of 19 million to 50 million barrels of oil equivalent....
A Saudi Aramco administrative building in Dhahran, in the Eastern Region of Saudi Arabia, was targeted by Yemen's Houthi militia on Tuesday evening, triggering a limited fire, according to an official source at the Saudi Ministry of Energy. ...
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, down from an estimate of 1.4 million barrels per day at the beginning of the year....
Saudi Arabia has signed three memoranda of understanding (MoUs) with Kuwait, Qatar and Egypt to strengthen regional cooperation across electricity, renewable energy, oil, gas and petrochemicals....
Oil prices fell on Friday after US President Donald Trump said Washington would not attack Iran before the November 3 midterm elections, citing what he described as productive discussions with Tehran and easing concerns over further disruption to Middle East energy supplies....
Equinor and its partners have discovered gas at the Gullfaks South field, 190 kilometres northwest of Bergen, with recoverable resources estimated at 0.5 million to 1.6 million standard cubic metres of oil equivalent, or 3.3 million to 10.3 million barrels of oil equivalent....
Oil prices rose on Wednesday (October 7), with Brent crude futures climbing 93 cents, or 0.92 per cent, to $101.51 a barrel. US West Texas Intermediate (WTI) crude futures also gained 82 cents, or 0.92 per cent, to reach $90.25 a barrel....
Saudi Arabia has restored oil flows through its strategic East-West Pipeline to 5.8 million barrels per day (bpd), strengthening the Kingdom’s ability to move crude to global markets....
Bahrain’s Minister of Oil and Environment and Special Envoy for Climate Affairs, Dr. Mohammed Bin Dinah, stressed the importance of closer GCC coordination on oil and energy policies to safeguard global energy security and market stability amid rapid economic, technological and geopolitical changes....
Oil prices edged lower in early Asian trading on Tuesday (October 6), with Brent crude futures slipping 4 cents to $100.28 a barrel, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel....
Global oil inventories have depleted to "scarily thin" levels, and rebuilding the world's energy buffers could take up to two years once vital shipping lanes reopen, Saudi Aramco President and CEO Amin Nasser warned Monday....
Amin Nasser, Aramco President and CEO, has called for closer coordination among governments, energy suppliers and customers to strengthen global energy resilience and better withstand geopolitical disruptions....
Namibia’s emerging oil and gas industry presents a significant opportunity to transform the country’s economy, but unlocking its full potential will require collaboration, shared growth and a strong commitment to the spirit of Harambee, according to Isabel von Oelhafen, Business Development Manager, NamibiaOilAndGas.com....
The Group of Seven (G7) will begin a coordinated release of 100 million barrels from emergency oil and diesel stocks through the International Energy Agency (IEA) to support stability in global energy markets, according to a joint statement issued by G7 leaders, published by the office of French President Emmanuel Macron....
Oil prices jumped more than $4 per barrel at settlement on Thursday after a report said the US was sending additional troops and another aircraft carrier to the Middle East, while China suspended oil product exports, fuelling concerns that global fuel shortages could worsen. ...
Brent crude held above $103 a barrel early Wednesday as a sharp recovery in oil flows through the Strait of Hormuz offered some relief to a market still grappling with the effects of the prolonged Iran conflict and uncertainty over the waterway's future....
Arabian Drilling, a leading Saudi oil and gas drilling contractor, said it has signed a SAR2 billion ($528 million) deal with Khafji Joint Operations (KJO) to provide four high-specification offshore jack-up drilling rigs. This four-year contract is the largest single offshore drilling award KJO has made to Arabian Drilling....
