QatarEnergy broadens its oil & gas footprint in Uruguay and Eastern Mediterranean
QatarEnergy is strategically expanding its global upstream portfolio, securing new exploration acreage off the coast of Uruguay while simultaneously strengthening its presence in the Eastern Mediterranean gas sector through a new cooperation agreement. This dual expansion underscores the state-owned giant's long-term commitment to diversifying its energy assets and securing future supply chains.
Offshore Energy · May 25, 2026
Beach Energy shelves well drilling ops, freeing $500M for higher-value projects
Beach Energy, an Australian oil and gas company, has decided to halt its well drilling and subsea tie-in project at the Otway gas plant. This decision frees up over $500 million in capital that the company intends to reallocate to projects with higher potential returns.
Offshore Energy · May 25, 2026