Keywords: Oil and gas
British energy giant Shell PLC has announced the temporary suspension of its $3 billion share buyback programme, according to a statement released on Friday. The pause, effective from June 12 until July 14, is linked to regulatory and procedural requirements associated with the company’s ongoing......
Norwegian oil and gas companies have revised their investment expectations upward for the years 2026 and 2027, according to a recent quarterly industry survey. Despite this revision, overall spending is still projected to remain below the record levels achieved in 2025. The survey shows that the country’s......
U.S. energy giant Chevron has officially submitted a request to acquire a 70% stake in an offshore exploration block located west of Greece, according to the Greek Ministry of Energy. The stake is currently held by the Greek energy company Helleniq Energy, one of the country’s leading players......
Energy companies INEOS Energy and Shell PLC have announced a joint initiative to explore new oil and gas opportunities in the Gulf of Mexico. The collaboration aims to expand offshore exploration and production activities in the region. Focus on offshore exploration The partnership will focus on areas......
The Philippines has stated that any future cooperation with China on oil and gas exploration must fully comply with its constitution and respect national sovereignty, amid ongoing tensions in the South China Sea. The Department of Foreign Affairs emphasized that any agreement involving energy cooperation......
Oman has launched a new bidding round for five oil and gas concession blocks as part of its efforts to attract foreign investment and strengthen the development of its hydrocarbon sector. According to the country’s energy ministry, the initiative aims to enhance exploration activities and unlock......
European Union energy ministers are scheduled to meet on Tuesday to discuss a coordinated response to disruptions in oil and gas markets caused by the ongoing conflict involving Iran, according to an internal EU briefing. Europe’s heavy dependence on energy imports has exposed it to rising prices......
European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s......
US energy giant Chevron has entered into a preliminary agreement to assess offshore oil and gas exploration opportunities off the Syrian coast, the company confirmed on Wednesday. According to a spokesperson, the memorandum of understanding was signed with Syria’s state oil company and Qatar-based......
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