Oil And Gas News


MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

Jan 27, 2026

MODEC has signed a joint development agreement with Norway-based Eld Energy to advance an integrated solid oxide fuel cell and CO2 capture system for floating production, storage and offloading (FPSO) vessels, as the offshore industry looks to cut emissions from power generation…

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Jan 27, 2026

Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…

Chevron-Led Joint Venture Discovers Hydrocarbons Offshore Nigeria

Jan 27, 2026

A joint venture between Nigeria’s state oil company Nigerian National Petroleum Company (NNPC) and Chevron Nigeria Limited (CNL) has confirmed hydrocarbons across multiple reservoir zones following the drilling of the Awodi-07 appraisal and…

Europe Turns to Offshore Wind to Curb Dependence on US Gas

Jan 27, 2026

European countries have agreed to jointly develop a vast offshore wind network, marking a pivotal step in the region's push to both trim its dependence on U.S. natural gas imports and tackle rising renewable energy costs.At the North Sea Summit on Monday…

Energean Forecasts Lower 2026 Gas Production

Jan 27, 2026

Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…

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