Companies

Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to …

Eni has made a major natural gas and condensate discovery offshore the Ivory Coast in Africa, in part of what is estimated to be the second largest discovery in the country after Baleine, the Italian energy major said on Monday. Eni has focused on exploration offshore Africa in recent years …

A Chevron-led consortium on Monday signed the lease contracts for oil and gas exploration offshore Greece as the southern European country aims to become a major gas supplier in the Mediterranean. Chevron, in partnership with Helleniq Energy, signed the lease agreements with Greece concerning the exploration of four offshore blocks …

Equinor and its partners have made an oil and gas discovery in a prospect near the Gullfaks field in the northern part of Norway’s North Sea, the Norwegian Offshore Directorate said on Monday. Equinor, as operator of a production license, and its partners Petoro and OMV made the discovery in …

Abu Dhabi’s national oil company, ADNOC, keeps making headlines again, not only when looking at upstream but also in its LNG strategic operations. At present, the oil and gas giant’s quiet acceleration in LNG shipping is often treated as merely a capacity add. Mainstream media is focusing on factors such …

Norwegian energy company Equinor has signed a five-year agreement to supply up to 0.5 billion cubic meters (bcm) of natural gas per year to Dutch utility Eneco, Trend reports via Equinor. Deliveries to the Dutch gas grid began on 1 February. The gas supplied under the deal has a lower-than-average …

TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in …

Contrary to forecasts of an LNG supply glut as soon as this year, Italy’s energy major Eni expects a “very finely balanced” market in 2026 as European demand is set to remain high after the winter to fill depleted inventories, and Asian consumption is expected to rebound with softer prices. …

Equinor slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while it narrowly missed earnings estimates for the fourth quarter of 2025, as higher upstream production couldn’t offset the lower oil and gas prices. The Norwegian major on Wednesday reported adjusted operating income …

The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top LNG trader, Shell, said at an LNG conference in Doha, Qatar. Both supply and demand of LNG have surged in …