Oil and Gas

Freehold royalties marks 30 years at annual meeting

Freehold Royalties Ltd. held its annual general meeting on May 13 where executives reviewed three decades of growth since the company's founding in 1996.

Eneos to acquire Chevron Singapore refinery stake for $2.2 billion

14 मई 2026 AI द्वारा रिपोर्ट किया गया

Eneos Holdings announced Thursday it will buy Chevron’s 50 percent stake in Singapore Refining Company along with other Southeast Asian and Australian assets for nearly $2.2 billion. The transaction marks the Japanese firm’s first refining venture outside Japan and is slated to close in 2027.

Africa

Egypt plans over 100 exploratory wells by 2026

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Oil companies buy $164 million in Alaska leases despite injunction

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Wetlands International warns against Ligawasan Marsh exploration

CNOOC plans up to 3% oil and gas output increase in 2026

China National Offshore Oil Corporation (CNOOC), the country's largest producer, plans to boost oil and gas output to 780-800 million barrels of oil equivalent (BOE) in 2026, up to 3% from 2025's record. The announcement follows an 11.5% drop in 2025 net profit due to low oil prices despite record volumes.

U.S. interior department refunds $1 billion to TotalEnergies over wind leases

25 मार्च 2026 AI द्वारा रिपोर्ट किया गया

The U.S. Department of the Interior announced on Monday that it will refund nearly $1 billion to TotalEnergies for two unused offshore wind leases in the Atlantic Ocean. In exchange, the French company pledged to invest the funds in existing oil and gas projects in the Gulf of Mexico and Texas. Critics called the deal opaque and unnecessary.

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