Indian Oil Corp. and Algeria's Sonatrach Finalize 2027 LPG Imports
On August 20, Indian Oil Corporation (IOC), India's largest refiner, has finalized a liquefied petro...
Brazil to Extend Gasoline Subsidy for Another 30 Days as Brent Crude Tops $90
On August 21, the Brazilian federal government is studying extending the gasoline subsidy of R$0.44 ...
Petrobras Authorized to Negotiate for Four Exploration Blocks in Ghana
On August 21, Petrobras announced that it had submitted a letter of intent to Ghana for four offshor...
EU fuel prices up 16.9% year-on-year in July 2026
According to data released by Eurostat, prices for fuels and lubricants for personal transport in th...
Iraq Aims to Produce 8-10 Million Barrels of Crude Oil Per Day Within Six Years
On August 21, Iraq proposed raising its crude oil production capacity to 8-10 million barrels per da...
ORLEN and Equinor Sign Three-Year Crude Oil Supply Agreement with Annual Volumes Up to Over 9 Million Tonnes
Polish energy group ORLEN has signed a three-year crude oil supply contract with Norwegian state-own...
Petrobras and Porto do Açu Sign Petroleum Coke Export Contract, with Annual Volume of Up to 600,000 Tons
Dimension News, August 20 — Brazilian state-owned oil company Petrobras has signed a regular export ...
Brazil's Mero Field FPSO Reaches Peak Production Capacity of 180,000 Barrels Per Day
The FPSO Alexandre de Gusmão floating production, storage, and offloading unit has reached its proje...
Australia's Zenith Energy Leads Phase 2 of Northern Endeavour Decommissioning, Plugging 9 Wells
Dimension News, August 18 — The Australian Department of Industry, Science and Resources announced t...
India and Mauritius Sign Five-Year Petroleum Product Supply Agreement
Dimension News, August 20 — India and Mauritius signed two energy cooperation agreements in Port Lou...
Norway's Aker BP acquires oil and gas interests in the North Sea and Norwegian Sea, including a 50 million barrel discovery
Aker BP has signed separate agreements with Apache and ConocoPhillips Skandinavia to acquire interes...
Shell and Hyundai Motor Extend Global Partnership to 2031
On August 19, Shell Lubricants and Hyundai Motor renewed their five-year global business cooperation...
Libya Seeks $30-40 Billion Investment to Revive Oil and Gas Industry
Wedoany, August 18 - Masoud Suleiman, Chairman of Libya's National Oil Corporation (NOC), stated tha...
SLB Plans to Restart Up to 15 Rigs in Venezuela
On August 19, SLB began the process of restoring up to 15 oil rigs in Venezuela, while Formentera Pa...
Saudi Aramco Resumes Shipments, 3 Tankers Load 6 Million Barrels of Crude Oil
From August 12 to 16, Saudi Aramco resumed loading crude oil from the two Persian Gulf oil terminals...
Nigeria's state oil firm tenders 950,000 barrels each of two crude grades for September
The Nigerian National Petroleum Company (NNPC) has issued two crude oil tenders for September, cover...
Two New Oil Fields to Come Online in Russia's Nenets Autonomous Okrug in 2026
The Nenets Autonomous Okrug (NAO) will launch two oil field projects—Layavozhskoye and Komandirshors...
Colombia's Ecopetrol Acquires Controlling Stake in Brava Energia for Approximately $1.2 Billion
Colombia's national oil company, Ecopetrol, has completed the acquisition of a controlling interest ...
ADES Granted Approval to Resume All Suspended Offshore Drilling Operations in Saudi Arabia
ADES Holding Company has received approval to resume operations on all of its temporarily suspended ...
Canada Advances Crude Oil Export Pipeline Projects, Adding 2.25 Million Barrels per Day of Capacity by 2035
Canada is advancing multiple crude oil export pipeline projects that, combined, could increase the c...
Perupetro Assesses 765 Million Barrels of Potential Oil and Gas in Lima and Pisco Basins
Perupetro has assessed that the Lima and Pisco basins, located in the central-western offshore water...
Stena and other drilling contractors achieve milestones in Egypt, Brazil, Norway, Saudi Arabia
Offshore drilling contractors have recently disclosed a flurry of operational updates across key mar...
Anadarko Confirms First Well Drilling in Peru's Z-62 Block in 2027
As operator of the Z-61, Z-62, and Z-63 blocks in the Trujillo Basin (Cuenca Trujillo), Anadarko Per...
Ecuador's State Oil Company Saves $13.2 Million Annually Through Oilfield Associated Gas Power Generation
Petroecuador, Ecuador's state oil company, has implemented associated gas power generation projects ...
SLB Secures Contract for Restarting Production from Idle Wells Offshore Brunei
On August 18, SLB was awarded a contract by Brunei Shell Petroleum (BSP) to restore offshore oil and...
ReconAfrica Vertical Testing in Namibia Confirms Hydrocarbon Flow in Two Zones
Reconnaissance Energy Africa Ltd. continues its exploration program in PEL 73 in northeastern Namibi...
US Diesel Crack Spread Breaks $100/Barrel Intraday for First Time
On August 17, the US diesel crack spread broke through $100 per barrel intraday for the first time, ...
Iraq-Syria Oil Pipeline to Bypass Hormuz Requires at Least 4 Years and $15 Billion
On August 17, the plan for an Iraqi crude oil export pipeline via Syria to the Mediterranean Sea has...
Brazilian President Lula Says Petrobras Found Light Oil in the Amazon River Mouth Basin on the 17th
On August 14, Petrobras identified hydrocarbon-bearing intervals in the Morpho exploration well in B...
Russia Receives First ~68,000 Tons of Gasoline from India's Nayara Refinery
Russia has received its first shipment of gasoline from India to address fuel shortages caused by Uk...