Thailand's PTTEP and Oman's OQEP Sign Upstream Oil Cooperation Memorandum of Understanding
Thailand's national oil exploration and production company (PTTEP) and Oman's OQ Exploration and Pro...
Saudi Aramco Awards McDermott PMC Long-Term Agreement for Energy Projects
McDermott has been selected among 11 pre-qualified contractors by Aramco to secure a Project Managem...
Americas crude oil exports hit record 14.5 million barrels per day in May
According to data from the Baltic and International Maritime Council (BIMCO), crude oil exports from...
Russian Energy Minister Says Fuel Supply Agreements with Oil Companies to Be Completed Soon
Russian Energy Minister Sergey Tsivilev stated that the signing of fuel supply agreements for the do...
UAE's Regal Petro Trading Completes 90,000 Cubic Meter Oil and Petrochemical Storage Terminal
Regal Petro Trading FZE has completed a large-scale oil and petrochemical product storage terminal a...
U.S. Cushing inventories fell to 22.4 million barrels in May, with exports at 5.6 million barrels per day
Inventories at Cushing, Oklahoma—a storage hub known as the "world's pipeline crossroads"—are rapidl...
EPS and Champion Tankers Form Eight MR Tanker Pool
Eastern Pacific Shipping and Champion Tankers recently announced the establishment of a new IMO II M...
Peru Approves Amendment to Block 131 Contract to Boost Los Ángeles Oil Field Production
The Peruvian government recently issued Supreme Decree No. 007-2026-EM, approving amendments to the ...
EBI Group Participates in the Boaventura Energy Complex Project in Brazil
With nearly two decades of experience in inspection, technical analysis, and quality control, the EB...
Alaska Arctic Refuge Drilling Auction Raises $3.7 Million
U.S. Interior Department officials said the Trump administration recently sold only five tracts of l...
Brazil's PRIO May Oil Production Down 4.96% Month-on-Month
PRIO's average daily production in May was 164,800 barrels of oil equivalent, down 4.96% from April....
Eni Obtains Exploration License for Offshore Block A1 in The Gambia
Eni has signed a Petroleum Exploration Development and Production License Agreement with the Governm...
Petrobras Secures Eight Production Sharing Contracts Offshore Côte d'Ivoire
Petrobras has secured eight new production sharing contracts offshore Côte d'Ivoire, covering oil bl...
Norway Approves Aker BP's Use of Odfjell Drilling Rig in the North Sea
Norwegian authorities have approved Aker BP's use of Odfjell Drilling's rig for exploration drilling...
Vietnam's PV Drilling to Acquire Eighth Jack-Up Rig, Set for 2027 Operation
PetroVietnam Drilling (PV Drilling) has signed an agreement to acquire another jack-up rig, tentativ...
TMC Secures Contract for Large Compressed Air System Supply for FPSO in Guyana
TMC Compressors (TMC Compressor Company) has been awarded a contract by MODEC (Mitsui Ocean Developm...
Iraqi Prime Minister Orders Resumption of Kurdistan Oil Fields, Plans to Boost Exports to 770,000 Barrels Per Day
Iraqi Prime Minister Ali Falih Al-Zaidi has instructed oil companies operating in the semi-autonomou...
Malaysia's Petronas Partners to Assess Offshore Block Recovery Enhancement
Malaysia's national oil company Petronas has partnered with regional collaborators to evaluate oppor...
Norwegian Ocean Installer enters Brazilian market with Equinor contract worth NOK 500 million to 1 billion
Norwegian marine construction and operations company Ocean Installer has recently secured a contract...
Expro Secures Five-Year Extension for Subsea Services Contract in the U.S. Gulf of Mexico
Expro has secured a five-year contract extension from a major operator to continue providing subsea ...
Oman Block 50 Three Development Well Drilling Project Delayed Again
Masirah Oil announced that the start date for the three development well drilling project planned fo...
Sonardyne Partners with AMOG to Provide Subsea Asset Monitoring Services
Sonardyne has signed a Memorandum of Understanding with engineering consultancy AMOG to jointly prov...
Velesto Secures Seven-Well Drilling Contract in Thailand for Q3 2026
Velesto Sumber, a subsidiary of Malaysia's Velesto Energy, has secured a contract to provide jack-up...
ASRY Completes 200th Offshore Rig Milestone in Bahrain
Arab Shipbuilding and Repair Yard (ASRY) recently completed the VALARIS 250 (Bob Palmer) offshore ri...
South Korea's aviation fuel exports rise to nine-month high in May
South Korean refiners have increased processing rates and aviation fuel exports, driven by a recover...
India's Nayara Energy completes maintenance at 400,000 bpd refinery
India's Nayara Energy announced on Thursday that its 400,000 barrels per day (bpd) refinery in Vadin...
Pakistan's OGDCL Makes Oil and Gas Discovery at Bobi Deep-1 Well
Pakistan Oil and Gas Development Company Limited (OGDCL) has made an oil and gas discovery at the Bo...
Norwegian Offshore Directorate Approves Equinor's Use of COSLPromoter to Plug Tordis Field Well
The Norwegian Offshore Directorate (Havtil) has approved Equinor's use of the semi-submersible drill...
Rosneft to Launch Vostok Oil Pipeline in 2026, Over 700 km Welded
Rosneft plans to technically launch the Vostok Oil pipeline project in 2026, having already commence...
bp Deploys Multilateral Well Technology for First Time in Azerbaijan's ACG Field
bp recently announced the first deployment of Multilateral Well Technology (MLT) in the Azeri-Chirag...