Category: Oil

TGS to Complete 27,000 km Offshore Seismic Dataset in Equatorial Guinea by Q3 2026

TGS has signed an agreement with the Ministry of Hydrocarbons and Mining Development of Equatorial G...

2026-06-11

U.S. Plans to Lend Up to 40 Million Barrels of Crude Oil from Strategic Petroleum Reserve

The U.S. Department of Energy said on Wednesday that it is seeking to lend up to 40 million barrels ...

2026-06-11

Oil India Limited Deploys Kellton's $2.5 Million Digital Wellhead Monitoring System

Kellton has officially launched a large-scale digital wellhead monitoring project for Oil India Limi...

2026-06-11

Eni Secures Exploration Rights for 49,089 km² Offshore Guinea

Eni has signed an oil and gas exploration agreement with Guinea's Ministry of Water and Hydrocarbons...

2026-06-11

Brazil's Radix Advances Unmanned Oil Platforms, Reduces Paper Mill Breaks by 60%

Radix CEO João Carlos Chachamovitz stated on the NeoFeed program "Artificial Intelligence Revolution...

2026-06-11

Oil Prices Surge Past $90, Gold Falls Below $4,100!

On June 10, 2026, driven by heightened geopolitical tensions in the Middle East and stronger-than-ex...

2026-06-11

Indonesia's Pertamina Raises Pertamax Fuel Prices by 32.1%

Indonesia's state-owned oil company Pertamina has increased the price of its Pertamax series fuel by...

2026-06-11

Indonesia Energy Corporation Plans to Spud K-29 Well at End of June

Indonesia Energy Corporation (IEC) plans to spud the K-29 well in the Kruh Block later this month, h...

2026-06-11

APA Acquires Alaska North Slope Infrastructure for $70 Million Upfront Payment

APA Corporation has agreed to acquire Savant Alaska, LLC, in a transaction that includes approximate...

2026-06-11

UK's EnQuest Plans to Acquire Malaysian Offshore Oil and Gas Interests for $833 Million by End of 2026

UK oil and gas producer EnQuest PLC announced that it will acquire interests in four Malaysian offsh...

2026-06-11

Safeen Drydocks in UAE Secures Record AED 1.3 Billion Order

Safeen Drydocks, a subsidiary of AD Ports Group, has secured a record-breaking new order worth AED 1...

2026-06-10

Baobab Oilfield Offshore Côte d'Ivoire Resumes Production

CNR International has restarted production at the Baobab oilfield in Block CI-40 offshore Côte d'Ivo...

2026-06-10

Saudi Arabia supplies 118,000 barrels per day of jet fuel to Europe via Yanbu port in June

Saudi Arabia's supply of jet fuel to Europe via the Red Sea port of Yanbu in June is expected to exc...

2026-06-10

Devon Energy expects to produce 1.38 million barrels of oil equivalent per day in 2026

Devon Energy, after completing its merger with Coterra Energy, forecasts an average production of 1....

2026-06-10

U.S. Jet Fuel Daily Output Hits Record 2 Million Barrels, Global Demand Absorption Supports Refining Margins

Despite falling crude oil prices, the refined fuel market, including jet fuel, remains tight. On Jun...

2026-06-10

Iraq Boosts Kurdistan-Turkey Pipeline Capacity to 770,000 Barrels Per Day

Major oil producers in the Middle East are reducing their reliance on single transport routes and en...

2026-06-10

US BLM Launches Review of 126,000 Acres for 2026 Colorado Oil and Gas Leasing

The U.S. Bureau of Land Management (BLM) has initiated a 30-day public comment period for the Decemb...

2026-06-10

QatarEnergy Makes Another Oil Discovery Offshore Namibia

QatarEnergy has made an oil discovery at the Merlin-1X exploration well in Petroleum Exploration Lic...

2026-06-10

Russian Standards Company Launches Explosion-Proof Digital Temperature Sensor

Etalon, a subsidiary of the Russian State Corporation Rostec, has launched the explosion-proof digit...

2026-06-10

Canada's Port of Prince Rupert Accelerates Rise as Regional LPG Hub

Driven by policy support and rising global demand, the Port of Prince Rupert in British Columbia, Ca...

2026-06-10

UAE's MESC Wins $47 Million Cable Supply Contract from ADNOC

Middle East Specialized Cables Company (MESC) announced that its UAE subsidiary has secured a cable ...

2026-06-10

Petrobrás Launches New Tenders for Sergipe Deepwater Project

Petrobrás launched two significant tenders related to the Sergipe Deepwater Project (SEAP) this Mond...

2026-06-10

Kazan Federal University Develops Castor Oil-Based Biopromoter for Storing Associated Petroleum Gas

Scientists at the Institute of Geology and Oil and Gas Technologies of Kazan Federal University (Kaz...

2026-06-10

Oil Spill Emergency Plan Lifted in Manzanillo Bay, Mexico

The local emergency plan for hydrocarbon and potentially hazardous substance spills, activated due t...

2026-06-10

BP appoints Birrell to lead upstream, Harding to head downstream

BP announced two senior executive appointments on Tuesday: Group veteran Gordon Birrell will take ch...

2026-06-10

East African Crude Oil Pipeline Crosses 158 Wetlands in Uganda, Set to Start Production in July

Since construction began, the East African Crude Oil Pipeline (EACOP) has crossed 158 wetlands in Ug...

2026-06-10

Harbour Energy Leverages SAP Toolchain for M&A-Driven Rapid Growth

Harbour Energy Group leverages the SAP integrated toolchain to achieve efficient integration amid M&...

2026-06-10

Brazil's Abragás Advocates for Large Retailers to Be Allowed to Fill LPG Cylinders

José Luiz Rocha, president of the Brazilian Association of LPG Retailers (Abragás), advocates that l...

2026-06-10

ADNOC explores Canadian LNG and upstream opportunities through XRG

A senior executive of the Abu Dhabi National Oil Company (ADNOC) stated on Tuesday at the Global Ene...

2026-06-10

ReconAfrica Initiates Production Testing of KW1X Discovery Well in Namibia

Reconnaissance Energy Africa Ltd. has commenced downhole production testing at the Kavango West 1X (...

2026-06-10