Britain committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent

The U.S. government will provide up to $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector

US oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, as rising energy and share prices led to larger oilpatch deals

Argentine energy firm Compañía General de Combustibles (CGC) said it had acquired the local operation of China’s Sinopec Group, helping it increase its production to over 50,000 barrels of oil equivalent per day

Israeli pipeline company EAPC said it had signed a preliminary deal to help transport oil from the United Arab Emirates to Europe via a pipeline that connects the Red Sea city of Eilat and the Mediterranean port of Ashkelon

Ecuador’s government will allow private companies to import and sell some fuels for industrial and commercial use, ending a monopoly state-owned Petroecuador had in the sector, the energy ministry said

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch

During the second day of the XXIX edition of La Jolla Energy Conference 2020, the head of Integra Capital, José Luis Manzano, analyzed the current outlook of the energy industry in Argentina and highlighted the importance of Vaca Muerta

The figure represents a decrease of 20% compared to the previous year, due to the inconveniences that the state oil company and the sector faced during the past year