Iraq demands OPEC raise quota as capacity reaches 4.9 million barrels per day
Iraq has recently been pressuring the Organization of the Petroleum Exporting Countries (OPEC) to in...
UAE's ADNOC and Japan's Mitsui Sign Agreement to Advance Energy Value Chain Cooperation
Abu Dhabi National Oil Company (ADNOC) and XRG have signed a Strategic Cooperation Agreement (SCA) w...
Baker Hughes Secures ONGC Contract to Deploy 46 Wireline Logging Units in India
Baker Hughes has been awarded multiple contracts by Oil and Natural Gas Corporation (ONGC) to provid...
Afentra Plans to Start Drilling in Angola's Kwanza Basin in 2027
Afentra has provided an update on its operations in Angola, confirming that the Pacassa SW explorati...
UAE's ADNOC Advances $10 Billion EPC Expansion of World's Second-Largest Offshore Oil Field
UAE state-owned energy company Abu Dhabi National Oil Company (ADNOC) and its partners have issued t...
Karoon Energy's Baúna Field in Brazil Reaches 8,600 boe/d After Single Well Intervention
Karoon Energy has restored production from the SPS-92 well in the Baúna field, Santos Basin, Brazil,...
Japan Bans Export of Aviation Kerosene to Russia
Japan's Minister of Economy, Trade and Industry, Ryosei Akazawa, stated that the export restrictions...
TotalEnergies CEO Visits Syria to Discuss Oil and Gas Exploration Contract
Patrick Pouyanne, CEO of France's TotalEnergies, told media in Damascus on Tuesday that he plans to ...
Staatsolie Receives Two Proposals for Block 3: DEMERARA
Staatsolie Maatschappij Suriname N.V. has received two independent proposals for its offshore open t...
Exxon Mobil Expects Second-Quarter Profit Increase of Approximately $5 Billion
U.S. oil giant Exxon Mobil said on Tuesday that it expects its second-quarter earnings to increase b...
Petrobras Signs Agreement to Remediate 335 Offshore Wells, Pays R$300 Million
The ANP (Brazilian National Agency of Petroleum, Natural Gas and Biofuels) and Petrobras signed a se...
ExxonMobil's Second-Quarter Upstream Earnings Expected to Increase by $3.5 to $3.9 Billion
U.S. oil and gas giant Exxon Mobil Corporation (NYSE:XOM) released its second-quarter earnings guida...
US Revokes General License for Iranian Oil Sales; Oil Prices Surge Over 5% in After-Hours Trading
International oil prices closed up about 3% on Tuesday, as the US revoked a general license authoriz...
U.S. Energy Information Administration Forecasts Global Oil Production to Recover by Year-End
The U.S. Energy Information Administration (EIA) forecasts that global oil production and trade flow...
Ecuador's State Oil Company Launches New Auca Well, Adding $5.2 Million in Monthly Revenue
Petroecuador officially commenced production operations at the new well ACAL-245HUI in the Auca Oil ...
Norway's Equinor Awards NOK 6 Billion in Subsea Development Contracts
Equinor ASA has awarded contracts totaling approximately NOK 6 billion (USD 600 million) for four su...
New Zealand activates 93 million litre strategic diesel reserve at Marsden Point
The New Zealand government, in partnership with Channel Infrastructure, has activated over 120 milli...
Halliburton and Basra Oil Company Sign Five-Year Oilfield Contract
On July 5, 2026, Halliburton and Iraq's Basra Oil Company signed a five-year integrated management c...
Brazil's PPSA Completes Contract Signing for Five Blocks in Third Permanent Tender
Pré-Sal Petróleo S.A. (PPSA) has completed the signing of production sharing contracts for the five ...
Offshore construction completed at Peru's Petroperú terminal, capable of berthing 150,000 DWT tankers
Petroperú, the Peruvian state-owned oil company, announced the completion of all offshore constructi...
Equinor completes subsea equipment installation for Raia project in Brazil
Equinor has completed the installation of the PLEM for the Raia project at a water depth of approxim...
Peru's state oil company selects New York law firm to assist with $2 billion financing
Petroperú is engaging in strategic negotiations with international banks through legal counsel to ad...
Saudi Arabia cuts August crude oil prices for Asia by largest margin in at least 26 years
Wedoany News, July 6 - Saudi state-owned oil company Saudi Aramco announced its official selling pri...
Aker BP Ships Hugin B Topsides to Yggdrasil in the Norwegian North Sea on July 6
Aker BP has completed the transport of the Hugin B topsides from the Aker Solutions Verdal yard to t...
Chinese Shipyard Secures EPCIC Contract for West Africa's Large-Scale Oil and Gas Field FPSO
Recently, Wison Clean Energy Technology Group Co., Ltd. announced that it has officially signed a to...
UAE's June Oil Exports Hit Record 3.8 Million Barrels Per Day, Gulf Total Exceeds 10 Million Barrels
Gulf oil exports surged in June compared to May, increasing by over 3 million barrels per day, with ...
Zephyr Energy Acquires 2,294 Acres in Utah Lease Auction
Zephyr Energy has expanded its operational footprint in Utah's Paradox Basin by acquiring 2,294 new ...
Brazil to Cancel R$0.35 Diesel Subsidy from July, State Oil Company Lowers Prices
The Brazilian federal government will cancel the R$0.35 per liter diesel subsidy starting July 1, ba...
Russia to Import at Least 200,000 Barrels of Japanese Aviation Fuel in First Half of July
According to three informed sources, Russia is about to import a shipment of aviation fuel originati...
Kazakhstan's KMG and Baker Hughes Discuss Service and Production Localization
Askar Khassenov, Chairman of the Management Board of Kazakhstan's national oil and gas company KazMu...