The United Kingdom’s once world‑leading North Sea oil and gas sector has entered an accelerated phase of contraction, with fiscal instability, heavy taxation, and regulatory uncertainty prompting a historic collapse in investment and exploration. Over the past three years, frequent changes to fiscal and environmental frameworks have amplified investor risk…

Japan has announced plans to invest up to US$36 billion in the United States' oil, gas, and critical mineral projects, marking the first phase of a US$550 billion economic commitment between the two countries under President Donald Trump’s administration. The investments represent a milestone in what Trump has described as…

Santos will cut approximately 400 jobs, roughly 10 per cent of its global workforce, as part of a major restructure tied to weaker earnings and a strategic review of its Australian oil and gas operations. The Adelaide-based producer, Australia’s second-largest listed oil and gas company, said the reductions follow a…

TMK Energy has inked a deal with Mongolia’s Ministry of Energy to jointly study how to boost the uptake of natural gas as a domestic energy source. The memorandum of understanding will study the inclusion of Mongolia’s vast coal seam gas resources as part of the country’s medium and long-term…

Libya’s National Oil Corp. (NOC) has awarded new oil and gas exploration rights to five foreign firms, including US oil major Chevron, aiming to revive the country’s oil and gas sector after nearly two decades of stagnation. The winners of the first licensing round since 2007 are: Chevron, Nigeria’s Aiteo,…

Shell UK has extended its contract with Wood for 16 months, establishing continued support from the company and its technical personnel and engineering support services across key assets in the Southern North Sea. Under the renewed agreement, more than 150 Wood employees will provide engineering, maintenance and operational support across…

Syria has signed a memorandum of understanding with US oil major Chevron and Qatar-based Power International Holding to develop the country’s first offshore oil and gas field. State-owned Syrian Petroleum Company signed the agreement to strengthen strategic partnerships in the energy sector, The Associated Press reported, citing Syria’s state news…

An explosion along a natural gas pipeline owned by Delfin LNG occurred late Tuesday morning, 3 February 2026, in Cameron Parish, southwest Louisiana, prompting an emergency response and a temporary shelter order for a nearby school. Louisiana State Police confirmed that one person sustained minor injuries in the incident, which…