Libya's largest oilfield has seen production disrupted by protests, sparking the arrest of the country's oil minister.
Politics, Geopolitics & Conflict On Friday, Ukraine was entering its third day of a brazen ground-troop incursion across the border into Russia 's Kursk region. Heavy fighting is forcing civilian evacuations and the need for humanitarian aid. Kyiv on Thursday claimed to have taken control of a Russia n gas-metering station in Sudzha Kursk region, the point where Russia n gas flows into Ukraine and onto Europe.
Ltd. announced a significant gas discovery in the Lingshui 36-1 field in the South China Sea, with reserves exceeding 3.5 trillion cubic feet. The discovery reinforces the region's status as a trillion-cubic-meter gas area, a culmination of 40 years of exploration efforts. Despite geopolitical tensions and U.S. sanctions,
remains focused on expanding its resource base and contributing to low-carbon energy development. Harbour Energy is set to begin appraisal drilling on the Kan discovery off Mexico’s coast later this month. The UK-based company currently holds a 30% interest in the prospect, which will increase to 70% following the completion of its $11 billion acquisition of upstream assets from Wintershall Dea.
Energy has secured a 25-year production-sharing contract for Block P offshore Equatorial Guinea, targeting over 20 million barrels of oil. The Venus field in this block is set for production by 2026, with peak output expected in 2028. also acquired a 27.39% stake in the Baobab field offshore Ivory Coast for $66.5 million, boosting its African operations.
Geopolitics Russia Ukraine Energy
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