Upstream

Oil rises as US set to send thousands of troops to Iran Brent settles above $111 while WTI stays below triple digits

Flemish Pass basin blocks lined up in east Canada bid round Newfoundland & Labrador to launch acreage offering in June as it ponders improvements to licensing

Subsea 7 issues final annual report Report boasts of company's strong position leading up to merger with Saipem later this year

'World's largest jack-up vessel' completes first decommissioning job On a recent visit to the Dixstone yard in the Netherlands, Upstream went onboard the jack-up vessel Obana just days after it …

BP to quit iconic London office in move to new headquarters Supermajor will end more than 100 years of history at two sites

BP and XRG set to start Egypt exploration campaign Two-well programme will hunt for additional gas resources near Arcius Energy assets

BP to quit iconic London office in move to new headquarters Supermajor will end more than 100 years of history at two sites

US eyes operation to occupy Iran's Kharg Island oil hub: report Option being considered in effort to persuade Iran to re-open Strait of Hormuz, according to a US news outlet

BP to quit iconic London office for new global headquarters Supermajor will end more than 100 years of history at two sites

Lukoil writes off $20 billion of foreign assets in sanctions hit Lukoil swings to steep net loss in 2025 as result of write-off, with international subsidiary valued “close to zero”

Beijing appoints new CNOOC chief executive The new chief executive has served as general manager of CNOOC since 2025

UK gas terminal strike action extends into sixth month Workers at terminal first launched strike action in October last year

Kazakhstan seeks partner to replace Lukoil in stalled offshore project Authorities keen to proceed with project viewed as key for domestic supply chain

Fresh strikes trigger fire, force shut down at major Kuwait oil facility The Mina Al-Ahmadi refinery, 50 kilometres south of Kuwait City, has a refining capacity of 346,000 barrels per …

World’s largest gas-to-liquids plant to remain offline at least for a year after missile hit The Pearl GTL plant was struck on Wednesday as part of a wave of Iranian …

Qatar: LNG plants could take five years to repair after missile strikes Attacks wiped out 17% of country’s export capacity, could lead to $20 billion in lost revenue annually

Race heats up for major deals at world's largest offshore oilfield Safaniyah has production capacity that exceeds 1.3 million barrels per day and hosts more than 30 billion barrels of …

Malaysian FPSO company staying positive while profits drop Yinson has two FSOs under construction and operational revenues have improved

BP, Mubadala and Inpex among winners in Indonesia bid round Southeast Asian nation has awarded nine exploration assets to a mix of international and domestic players

Operator confirms FPSO will be suitable for Timor Leste project The Petrojarl I has a long history of being used on multiple fields

Israel acted alone on South Pars attack, Netanyahu confirms The prime minister also suggested Gulf oil exports can be rerouted through Israel to avoid the Strait of Hormuz

Oil falls from Thursday highs amid latest volatile trading day Brent flirts with $119 before falling to $108

Boost or bane? Surging oil prices a mixed blessing for supermajors Soaring crude prices set to boost supermajors' profits in short term but could threaten shift in longer term demand …

European nations pledge to help guide ships through Strait of Hormuz UK, France, Germany, Italy, Netherlands join Japan in calling for moratorium on attacks to oil and gas facilities

Eni touts floating LNG for big Venezuela field Italian major hints that floating liquefaction vessel could be deployed on Perla field after 2030

Kharg Island strike shows US 'controls' Iran's fate, says Hegseth US mission against Iran remains unchanged since the start of the war, says defence secretary

US repeats threats to Kharg Island following Iranian attacks on Persian Gulf energy sites US mission against Iran remains unchanged since the start of the war, says defence secretary

Gazprom claims Ukraine seeking to disrupt gas supply to Turkey and Europe Russian gas giant alleges recent intensification in attacks despite disruption to global gas supplies caused by Iran war

‘Extensive’ damage from fresh missile strikes on QatarEnergy LNG facilities Qatar has a nameplate LNG production capacity of 77 million tonnes per annum and is a key natural gas supplier

South Pars, world's largest gas field, attacked Iran’s South Pars field, along with Qatar’s extended North Field, on the Qatari side of the Persian Gulf, is by far the world's …

Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips BLM says National Petroleum Reserve-Alaska lease sale was strongest ever held for drilling rights in the region

Shell assessing damage after attack on world’s largest gas-to-liquids plant in Qatar The Pearl GTL is a joint venture between state giant QatarEnergy and Shell and is the world’s largest …

Sonangol joins European juniors in Angolan acquisition State oil company joins with Afentra andf M&P to boost stakes in shallow water blocks

European gas prices soar following Qatar LNG strikes Europe's TTF benchmark rose 67% last week alone, hitting highest level since early 2023

Kuwaiti refinery attacked by drones Iran has launched retaliatory strikes following Israeli attack on South Pars facility

Energean suspends 2026 Israel guidance amid Iran war Conflict has caused production shutdowns across the Middle East

BP seals deal to sell German refinery The company has pledged to dispose of assets totalling $20 billion by the end of next year

Major Adnoc oil and gas facilities shut down after missile attack The ongoing Middle East war has impacted several facilities operated by Adnoc

Green light for Southeast Asian FPSO field development plan Jadestone has secured government approval for its NDUM field development plan

Missile strikes hit multiple QatarEnergy LNG facilities, triggering ‘extensive’ damage in fresh escalation Qatar has a nameplate LNG production capacity of 77 million tonnes per annum and is a key …