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Shell, Equinor Complete Formation of JV Company Adura, UK’s Largest Independent North Sea Producer
May 14, 2026
Shell and Equinor have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the largest independent producer in the UK North Sea. Neil McCulloch, who will
Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
April 14, 2026
Chevron has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela (PDVSA) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the country.
Oil and Gas Prices Surge as Iran Escalates Strikes on Gulf Refineries
March 20, 2026
Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday. Brent crude oil prices, a benchmark for global trading, climbed about 2 percent, hitting nearly $110 a
Trump Orders Netanyahu to Stop Attacking Iran’s Gas and Oil Fields
March 20, 2026
President Trump said Thursday he personally urged Israeli Prime Minister Benjamin Netanyahu to stop targeting Iran’s energy infrastructure — as the price of Brent crude oil briefly swelled to $119 a barrel. “I told him, ‘Don’t do that.’ And he
GeoPark to Acquire Two Blocks from Pluspetrol’s Vaca Muerta with $115 Million Acquisition, Argentina
March 20, 2026
GeoPark has entered into an agreement with Pluspetrol S.A. to acquire a 100 percent operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks that target black oil in the Vaca Muerta formation in Neuquen Province, Argentina.
Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement
March 18, 2026
Glenfarne Group, majority owner and developer of the Alaska LNG project, and TotalEnergies have signed a letter of intent (LOI) for the offtake of two million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Alaska LNG. The agreement
Shell Starts Up Victory Gas Field, Delivering North Sea Gas to the UK
March 16, 2026
Shell UK has started production from the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands (Shell 100 percent owner and operator). The field will help to maintain domestically produced gas for Britain’s
IEA Member Countries Unanimously Agree to Release 400 Million Barrels of Oil from Emergency Reserves
March 12, 2026
The 32 member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle
Trump Offers Political Risk Insurance and U.S. Navy Escort for Ships Through the Strait of Hormuz
March 5, 2026
President Donald Trump on Tuesday offered political risk insurance and a U.S. Navy escort for shipments flowing through the Persian Gulf amid attacks on oil tankers near the Strait of Hormuz. “Effective immediately, I have ordered the United States Development
March 3: Iran Claims Hormuz Strait is Closed, Threatens to Set Shipping there ‘Ablaze’
March 3, 2026
An Islamic Revolutionary Guard Corps senior official said on Monday that the Strait of Hormuz is closed, threatening that if any vessels pass through it, Iran “will set those ships ablaze,” state media reported. Choking off the Persian Gulf waterway,
