• November 26, 2025
  1. Home
  2. Oil and Gas
Eni Bets on Uruguay’s Offshore Potential with New Exploration Deal

Eni Bets on Uruguay’s Offshore Potential with New Exploration Deal

November 26, 2025

November 25, 2025 Italy’s Eni has signed an agreement to acquire a 50% stake and operatorship of Uruguay’s offshore exploration block OFF-5 from Argentine state energy firm YPF, marking a new phase in the companies’ strategic partnership across the Southern Cone. The deepwater block, which spans roughly 17,000 square kilometers about 200 kilometers off the Uruguayan coast, […]Read More

Energean Lifts Output as Israel Gas and Greek CCS Projects Gain Pace

Energean Lifts Output as Israel Gas and Greek CCS Projects

November 26, 2025

November 26, 2025 Energean plc (LSE: ENOG) reported a 35% quarter-on-quarter jump in third-quarter output and confirmed it remains on track to meet its 2025 production targets, despite a turbulent geopolitical backdrop and a temporary shutdown of its Israeli operations earlier this year. It averaged 151,000 boe/d in the first nine months of 2025 and generated $828 […]Read More

Oil Prices Inch Higher After Hitting One-Month Lows

Oil Prices Inch Higher After Hitting One-Month Lows

November 26, 2025

November 25, 2025 Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday’s session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia. At the time of writing, Brent crude was trading at around $62.72 a barrel while West Texas Intermediate was changing hands […]Read More

Seplat Lists Openings For North Sea Expertise Across Nigerian Offshore Blocks

Seplat Lists Openings For North Sea Expertise Across Nigerian Offshore

November 22, 2025

Seplat Energy has reaffirmed confidence in its capacity to broaden crude production with asset expansion in line with its growth forecast agenda in Nigeria. Demonstrating this capability, Seplat showcased its portfolio of Nigerian offshore assets at the Wider African Energy Summit in Aberdeen on Tuesday, emphasizing opportunities for North Sea service companies to bring their […]Read More

COP30: UNEP, CCAC warn current national plans would cut methane by only 8% by 2030, far below 30% pledge

COP30: UNEP, CCAC warn current national plans would cut methane

November 22, 2025

The world is projected to fall significantly short of its methane reduction commitment under the Global Methane Pledge, with current national plans capable of delivering only an 8 percent reduction by 2030 compared to 2020 levels, far below the 30 percent target endorsed by 159 countries and the European Union, according to the first Global […]Read More

NUPRC Approves Field Development Plans Valued At $20Bn, Vows To Upscale Crude Production 

NUPRC Approves Field Development Plans Valued At $20Bn, Vows To

November 20, 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has in the past 10 months given approval to major field development plan valued at about $20 billion. The Commission said the milestones reflect the stability and renewed confidence in Nigeria’s upstream sector. The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, while speaking […]Read More

LNG Tanker Rates Soar on Booming U.S. Exports

November 18, 2025

November 18, 2025 LNG carrier rates for the Atlantic route between the U.S. and Europe have surged close to a two-year high on strong demand for American liquefied gas as Europe fills up its storage ahead of winter. The spot rate hit $98,250 per day on Monday, Bloomberg reports, which was a 19% increase and the […]Read More

Chevron Turns to India for Jet Fuel After California Refinery Fire Fallout

Chevron Turns to India for Jet Fuel After California Refinery

November 17, 2025

November 17, 2025 India has shipped its first-ever cargo of jet fuel bound for the U.S. West Coast for Chevron amid favorable arbitrage economics and increased import demand following a fire at the supermajor’s refinery in the Los Angeles area in October.  The Hafnia Kallang oil product tanker departed at the end of October from […]Read More

Oil Stabilizes After Selloff Amid OPEC Reassessment and U.S. Funding Deal

Oil Stabilizes After Selloff Amid OPEC Reassessment and U.S. Funding

November 14, 2025

November 13, 2025 Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, […]Read More

Chevron’s Five-Year Plan Prioritizes Superior Shareholder Returns

Chevron’s Five-Year Plan Prioritizes Superior Shareholder Returns

November 12, 2025

November 12, 2025 Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.    Chevron will raise output, but its primary focus will be on boosting free cash flow and […]Read More

Copyright © 2022, Energy Planets. All rights reserved

Join Whatsapp group
Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!