South Africa’s plans to expand offshore oil and gas exploration are facing resistance from coastal communities and civil society groups, with legal challenges involving energy companies including TotalEnergies and Shell. The disputes could affect plans to expand offshore exploration and establish Saldanha Bay as a major oil and gas servicesContinue Reading
Natural gas prices remain under pressure as record US production and above-average inventories offset stronger summer demand and LNG exports. US natural gas prices are struggling to sustain a recovery above $3/MMBtu as strong production and comfortable storage levels continue to weigh on the market. The US Energy Information AdministrationContinue Reading
Oil prices came under renewed pressure on Thursday as a sharp increase in US crude inventories combined with weaker 2026 demand forecasts from OPEC and the International Energy Agency (IEA) to offset ongoing supply concerns linked to disruptions around the Strait of Hormuz. US commercial crude inventories increased by 17.4Continue Reading
Oman is responding to a major oil spill after a damaged tanker leaked crude oil near the Hallaniyat Islands off the country’s southern coast. The oil slick has spread across approximately 390 square kilometres, according to Omani authorities, creating a significant environmental concern in an area close to a protectedContinue Reading
South Africa is moving to modernise its gas industry through a proposed new Gas Bill, but industry stakeholders say regulatory reform alone will not resolve the country’s broader gas supply challenges. The proposed legislation is intended to replace the Gas Act of 2001 and establish a modern framework covering liquefiedContinue Reading
Oil prices climbed more than 2% on Tuesday as fading hopes of an imminent agreement to reopen the Strait of Hormuz renewed concerns over global crude supply and shipping disruptions. Brent crude futures rose 2.4% to around $89.80 a barrel, while US West Texas Intermediate (WTI) crude gained 2.7% toContinue Reading
European natural gas prices have extended their sharp rally, with Dutch TTF futures climbing above €61 per megawatt-hour as continued disruption around the Strait of Hormuz raises concerns over LNG supplies and winter gas availability. Benchmark Dutch front-month gas futures rose as high as €61.80/MWh, following an 8% increase inContinue Reading
A system-wide approach to solids control can significantly improve drilling efficiency, reduce operational costs and enhance well performance, according to Othman Soliman, founder of SC DrillTech. Rather than evaluating individual pieces of equipment separately, Soliman argues that solids control should be managed as an integrated processing system in which eachContinue Reading
Energy data and intelligence company TGS has signed an agreement with the Ministry of Hydrocarbon and Mining Development of Equatorial Guinea to develop the country’s first large-scale MegaSurvey, a multi-client seismic data project aimed at supporting future offshore oil and gas exploration. The project will begin with the reprocessing ofContinue Reading
Serica Energy Chair David Latin and Ithaca Energy Executive Chairman Yaniv Friedman have been appointed as co-chairs of the SPE Offshore Europe 2027 (OE27) conference, which will take place from 7–9 September 2027 at P&J Live in Aberdeen, Scotland. The event will bring together energy companies, technical experts, and offshoreContinue Reading
