ESG/Investment
News
May 27, 2026
African investors and energy companies are increasingly targeting Brazil’s pre-salt developments and Argentina’s LNG infrastructure expansion as part of a broader push to diversify upstream and energy investments beyond domestic markets.
News
May 27, 2026
Former bp chairman Albert Manifold said he was removed without warning or explanation after the company cited governance and conduct concerns, escalating leadership turmoil at the oil major.
News
May 26, 2026
ExxonMobil and ConocoPhillips are negotiating potential re-entry into Venezuela’s upstream sector while seeking stronger investment protections, contract stability and mechanisms to recover billions tied to past nationalizations.
News
May 26, 2026
bp has removed Chair Albert Manifold with immediate effect following governance oversight and conduct concerns raised by the company’s board, naming Ian Tyler as interim chair while a permanent successor search begins.
News
May 25, 2026
Eni and its partners have approved the Baleine Phase 3 offshore development in Côte d’Ivoire, a project expected to raise oil production to 150,000 bopd and expand domestic natural gas supply through a new FPSO installation.
News
May 22, 2026
The African Energy Chamber is promoting new upstream investment opportunities across Africa to South American operators, highlighting LNG expansion, shale gas development and frontier exploration activity across the continent.
News
May 21, 2026
ConocoPhillips CEO Ryan Lance said Venezuela’s revised oil framework still falls short of what international operators need to justify major upstream investment, citing high government take and unfavorable contract terms.
News
May 18, 2026
YPF has submitted a $25 billion RIGI investment proposal tied to its LLL Oil development in Argentina’s Vaca Muerta shale, targeting 240,000 bopd of export-focused production by 2032.
News
May 15, 2026
Venezuela has begun circulating draft oil and gas regulations and proposed contract models outlining fiscal, operational and technical rules for foreign companies seeking to invest in the country’s energy sector.
News
May 12, 2026
Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction.
News
May 09, 2026
Nigeria has captured 40% of Africa’s upstream final investment decisions following energy sector reforms aimed at improving fiscal terms, contracting speed and regulatory clarity.
News
May 07, 2026
In a keynote presentation at OTC 2026 on Wednesday, May 6, non-resident Fellow of the Baker Institute at Rice University, Luis Pacheco, investigated the changes necessary to see Venezuela’s declining oil output reverse course.
News
May 04, 2026
Permian land firm EagleRock has launched an IPO that could raise nearly $400 million, underscoring continued investor interest in basin access and royalty assets.
Article
April
World Oil contributing editor Mark Patton questions the narrative around CO₂, arguing climate models may be oversimplified and overlooking key natural processes shaping emissions and atmospheric balance.
News
April 27, 2026
Two offshore wind leases have been scrapped as developers redirect nearly $900 million into U.S. oil, gas and LNG projects, signaling a policy-driven shift toward conventional energy investment.
News
April 27, 2026
Canada has launched a $25 billion sovereign wealth fund to support energy, LNG and infrastructure projects, signaling increased federal backing for oil and gas development and export capacity.
News
April 24, 2026
Argentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin.
News
April 24, 2026
Baker Hughes CEO Lorenzo Simonelli expects upstream oil and gas investment to rebound in 2026–2027, driven by energy security concerns and supply disruptions linked to the Iran conflict.
News
April 24, 2026
APPO is pushing regional energy hubs to connect infrastructure and unlock Africa’s oil and gas potential, as operators look to scale investment and monetize the continent’s vast gas reserves.
News
April 23, 2026
bp saw shareholder pushback at its AGM as investors raised concerns over strategy and performance, while the company continues to refocus on oil and gas operations.
