INPEX Corporation announced a key personnel change at the Fellow level on January 21, 2026, indicating strategic shifts within its leadership structure. Hiroshi Hagiwara, previously serving as Fellow and Vice President, Europe & Middle East Projects, along with his roles as President Director Abu Dhabi and Director of Japan Oil…

Syrian oil and gas production is set to recover in 2026 as the government regains control of key assets, according to Wood Mackenzie. Easing sanctions and reduced political risks could spur renewed activity in the war-torn energy sector. Analysts estimate Syria holds 1.3 billion barrels of oil equivalent (boe) in…

Nationwide protests across Iran are intensifying concerns about the country’s economic stability, highlighting vulnerabilities in its oil revenue system and long-standing dependence on sanctions-resistant trade models. Although Iran has managed to restore oil output and exports in recent years, the sustainability of this recovery is being tested by deepening domestic…

British oil and gas major BP expects to flag up to US$5 billion (AU$7.5 billion) in tax impairments in the fourth quarter of 2025, largely related to its energy transition business. The company said the writedowns are attributable to the gas and low carbon energy segment but are excluded from…

Oil major Chevron is in talks with the U.S. government over potentially expanding the company’s licence to operate in Venezuela to increase crude exports to its refineries, sources told Reuters. The talks come amid U.S. negotiations with Caracas to supply up to 50 million barrels of Venezualan oil to the…

Tamboran Resources Corporation has announced the appointment of Todd Abbott as its new Chief Executive Officer (CEO), effective January 15, 2026, as the company advances into a pivotal phase of development at the Beetaloo Basin in the Northern Territory. Abbott succeeds Chairman Richard Stoneburner, who has served as interim CEO…

The governments of Venezuela and the United States have finalised an agreement for the export of Venezuelan crude oil valued at $2 billion. The deal, confirmed through multiple news reports on 7 January 2026, follows the US military’s attack on Venezuela three days earlier on 3 January 2026, which had…

The Australian government has accepted the findings of a comprehensive Gas Market Review and announced a series of reforms aimed at strengthening domestic gas supply security and improving the efficiency of the national gas market. The review was undertaken jointly with the Department of Climate Change, Energy, the Environment and…