ESG/Investment
News
January 28, 2026
Venezuela’s proposed hydrocarbons law is drawing criticism from investors, unions and U.S. officials as the interim government seeks to revive oil production while balancing political resistance and investor concerns.
News
January 26, 2026
Kazakhstan has scored a partial win in a long-running arbitration with international oil companies, potentially leaving Karachaganak partners facing up to $4 billion in compensation tied to disputed cost recoveries.
News
January 23, 2026
Shell and partners are evaluating development of Nigeria’s Bonga South West deepwater oil field, a project that could attract up to $20 billion in investment and deliver peak production of 220,000 bpd from an estimated 820 million barrels of reserves.
News
January 22, 2026
The U.S. has no plans to provide physical or financial security guarantees to oil companies planning to operate in Venezuela, Energy Secretary Chris Wright said, underscoring ongoing investment risk concerns in the country’s oil sector.
News
January 21, 2026
Halliburton says it can restart oilfield operations in Venezuela within weeks if U.S. approval and payment protections are secured, CEO Jeff Miller said.
News
January 20, 2026
Private equity firm Blackstone Inc. is weighing a potential $5 billion-plus sale of Beacon Offshore Energy, highlighting renewed investor interest in deepwater Gulf of Mexico oil assets amid a slowdown in U.S. shale consolidation.
News
January 20, 2026
Equatorial Guinea is seeking about $300 million in oil and LNG prepayment deals with commodity traders to help finance upstream operations as production continues to decline.
News
January 16, 2026
Chevron has taken a final investment decision to expand production at the Leviathan natural gas field offshore Israel, boosting gas supply to regional markets including Israel, Egypt and Jordan later this decade.
News
January 13, 2026
TotalEnergies CEO Patrick Pouyanné says reviving Venezuela’s oil industry will take years and billions in investment, limiting its impact on global oil markets in 2026.
News
January 12, 2026
During a Monday press call previewing API’s 2026 State of American Energy event, API President and CEO Mike Sommers framed Venezuela as both a cautionary tale and a long-term opportunity—one that will take time, capital and policy reform to meaningfully affect global balances.
News
January 12, 2026
U.S. President Donald Trump said he is inclined to exclude ExxonMobil from efforts to revive Venezuela’s oil industry, highlighting growing tensions with U.S. oil companies over investment risks, security guarantees, and post-Maduro stability.
News
January 11, 2026
The Trump administration is pushing for a rapid revival of Venezuela’s oil sector, but political instability, security risks and governance concerns threaten near-term investment. Oil executives warn that without durable protections and clarity, billions in upstream capital may remain on the sidelines.
News
January 09, 2026
Oil executives struck a cautious tone on Venezuela during Friday's White House meeting with President Trump, underscoring concerns over security, legal protections and investment risk—even as the administration presses to revive the country’s long-declining oil sector.
News
January 09, 2026
The Trump administration does not plan to fund a revival of Venezuela’s oil sector, Interior Secretary Doug Burgum said, signaling U.S. energy companies will rely on private capital markets for investment.
News
January 05, 2026
Analysts say Venezuela’s political upheaval is unlikely to disrupt global crude supply in the near term, but uncertainty around sanctions, exports and investment could reshape upstream dynamics in 2026 and beyond, with Chevron viewed as best positioned among U.S. majors.
News
December 31, 2025
African producers are turning regulatory reform into real upstream gains. From Angola’s $70B project pipeline to Nigeria’s accelerated licensing and Congo’s LNG expansion, policy shifts are reshaping investment across the continent.
News
December 31, 2025
Gabon is advancing major energy-sector reforms aimed at boosting upstream investment, separating its hydrocarbons framework into new oil and gas codes and unlocking deepwater potential. Growing production, offshore exploration agreements with bp and ExxonMobil, and LNG megaprojects position Gabon as a rising player in Africa’s oil and gas landscape.
News
December 23, 2025
Libya has launched a 22-block bid round with revised fiscal terms designed to lure global energy investors, but analysts warn that political and infrastructure risks could determine whether the country’s upstream revival gains lasting traction.
News
December 11, 2025
Equinor and partners have approved a NOK 4 billion investment to develop the Isflak discovery—the first tieback to the Johan Castberg hub—adding 46 MMbbl and targeting first oil in 2028 as the Barents Sea project ramps up for long-term growth.
News
December 10, 2025
Africa will need an estimated $375 billion in upstream and midstream investment over the next decade to develop its natural gas sector, according to the Society of Petroleum Engineers, as demand rises and infrastructure gaps persist.
News
December 05, 2025
PTTEP has approved a $33.3 billion five-year plan and a $7.7 billion budget for 2026, targeting production growth, accelerated global project development, and major decarbonization initiatives as Thailand works to strengthen long-term energy security.
