Oil and Gas

The Nigerian stock market recorded a N3.2 trillion gain for investors this week, driven by renewed interest in banking, telecommunications, and oil and gas stocks.

Canada's economy grew 0.5% in April, its best performance since July 2025, driven by a 2.9% surge in mining, oil, and gas sectors, with oil sands production up 6.6%. Fourteen of twenty economic sectors showed growth.

Trinidad and Tobago will host the eighth Tech Hub Islands Summit in 2026 under the theme 'IMPACT.' The country’s main business chamber aims to establish the twin-island nation as a regional center for high-value technology services, including artificial intelligence, to reduce reliance on oil and gas.

The Africa Energy Bank is set to launch in 2026 to fund oil and gas projects as Western lenders reduce financing for fossil fuels in Africa. The initiative aims to fill a financial gap left by Western institutions retreating from oil and gas investments on the continent.

Douglas Lumsden argues that focusing the election on oil and gas was correct, asserting that Starmer and Swinney must address voters' desire to resume drilling in Britain. The piece emphasizes voter demand for renewed energy exploration.

Conservatives plan to challenge SNP leader John Swinney in Aberdeen, where oil and gas issues may influence a Scottish by-election.

The US has eased seven licenses for Venezuela's oil and gas sector, and Schlumberger (SLB) has signed a technology deal, marking a new phase in the sector's reopening.

BP's CEO, Meg O'Neill, is restructuring the company to reduce its focus on oil and gas. The changes aim to shift the energy giant's strategic direction.

Norway is reconsidering EU membership due to a shift from a 'benign world' to a 'crazy world,' according to its foreign minister. The country, which previously voted to remain outside the EU, is part of the single market but lacks a say in negotiations. The EU is interested in admitting Norway, a major oil and gas producer, as it seeks new members.

BP abruptly removed its chairman, Albert Manifold, citing serious governance and conduct concerns, including allegations of aggressive behavior and mishandling sensitive information. The company, which recently shifted back to oil and gas, has had three CEOs in three years and saw its stock fall after the boardroom turmoil.

Over 50 nations gathered for inaugural talks focused on phasing out fossil fuels, with participants expressing frustration over blocking coalitions. The consensus among attendees centered on the timeline and methodology for eliminating coal, oil, and gas rather than debating whether such a transition should occur.

The Trump administration blocked two permitted U.S. wind energy projects, redirecting funds to oil and gas investments. The Department of the Interior cited promoting energy security and affordability as the rationale for the decision.

Shell's acquisition of ARC Energy Resources is viewed as a strategic success for Canadian Prime Minister Mark Carney's pro-oil policy shift. The deal aligns with Carney's efforts to strengthen Canada's oil and gas industry.

Labour faces accusations of 'ideological political vandalism' for its policies targeting North Sea oil and gas. Critics argue these actions threaten the industry and jobs in the region.

The article discusses how a prolonged war has significant impacts beyond the oil and gas sector, as highlighted by Azour.

The article discusses how US energy leadership in the 21st century will extend beyond oil and gas production, emphasizing broader energy strategies. It highlights a shift toward diversified energy dominance.

The US seizure of an Iranian ship has caused oil and gas prices to rise, threatening ongoing diplomatic negotiations between the two nations. The incident highlights escalating tensions in the region, impacting global energy markets.

The US Navy's USS Spruance intercepted an Iranian cargo vessel attempting to reach an Iranian port, as reported by US Central Command. The incident has caused oil and gas prices to rise and threatens ongoing negotiations between the US and Iran.

Americans are facing rising prices driven by inflation and the ongoing war in Iran, which is impacting oil and gas costs, as reported by CBS News' Lana Zak.

Rachel Reeves, a UK political figure, stated that Britain should increase oil and gas extraction from the North Sea. The government is exploring the 'quickest way' to boost energy supplies, signaling a potential policy shift toward domestic fossil fuel production.

U.S. Central Command is enforcing a cordon with over 100 aircraft and a dozen warships to block Iranian vessels in the Strait of Hormuz, while Iran restricts passage, stranding Gulf oil and gas. The standoff disrupts critical energy exports.

ING Groep NV is planning a Special Risk Transfer (SRT) initiative linked to project finance, with specific applications in the oil and gas sector. The strategy involves leveraging financial instruments for infrastructure and energy projects. The company's headquarters in Amsterdam oversees this business development.