Saudi Arabia’s Biggest Driller Expands Into Oman
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Saudi Arabia’s Arabian Drilling Company has secured a new offshore drilling contract in Oman covering as many as four wells, extending the company’s push beyond its domestic market. The Saudi-listed…
Oil
Occidental Moves Closer to Drilling Peru’s Offshore Oil Frontier
Anadarko Peru, a subsidiary of Occidental Petroleum (NYSE:OXY) is moving ahead with plans to drill its first exploration well offshore northern Peru in 2027, advancing a project that could help…
Ecopetrol Completes $1.2 Billion Brazilian Oil Deal
Colombia’s state-controlled oil company Ecopetrol (NYSE: EC) has completed its roughly $1.2 billion acquisition of a controlling 51% stake in Brazil’s Brava Energia, significantly expanding its position in one of…
BHP Profit Jumps as Copper Drives Record Earnings
BHP delivered sharply higher full-year earnings as rising copper prices and improved operational performance boosted margins, while the mining giant outlined plans to direct billions of dollars toward expanding its…
Argentina LNG Seeks RIGI Approval for $51 Billion Export Project
Argentina LNG, the liquefied natural gas project backed by YPF, Eni and Abu Dhabi-based XRG, has applied for inclusion in Argentina’s Large Investment Incentive Regime, or RIGI, as the partners…
Contact Energy Profit Jumps as Utility Eyes 250-MW Data Center
New Zealand utility Contact Energy reported a strong increase in full-year earnings as the Manawa acquisition and higher renewable generation expanded its operating scale, while the company also unveiled plans…
BP Secures Venezuela Offshore Gas License With ADNOC-Backed XRG
BP has signed agreements with the Venezuelan government to advance offshore natural gas development, including an exploration and production license for Phase 2 of the Loran field in the Plataforma…
Rio Tinto-Backed Tomago Smelter Secures Power Deal Through 2038
Rio Tinto-backed Tomago Aluminium has reached an agreement with Australia’s federal and New South Wales governments designed to secure the future of the country’s largest aluminium smelter through 2038. Under…