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Oman, a major oil and gas producer, is expanding renewable energy capacity through new national policies and private investment to achieve net-zero emissions by mid-century while maintaining fossil fuel output.
Colombia’s new right-wing administration is moving to reverse a four-year fracking ban and attract up to $4 billion in foreign oil and gas investment, though regulatory and security challenges remain.
Shell’s quarterly profit nearly doubled to $9.8bn in the second quarter, driven by elevated oil and gas prices following Middle East geopolitical disruptions.
BP has launched a formal process to sell its North Sea oil and gas business, ending six decades of operations in the basin as the company seeks to simplify its portfolio and reduce debt levels.
UK households within 500 metres of new power pylons will receive £250 annual energy bill reductions as the government accelerates grid modernization projects across 40+ locations nationwide.
BP is developing an offshore gasfield in Venezuela with partners linked to the Trump administration, marking one of the first major foreign energy investments following recent political changes in the country.
