Iraq Signs Agreement With Chevron on Oil Exploration Projects, Prime Minister Says
Wedoany.com Report-Aug. 20, On August 19, 2025, in Baghdad, Iraq, the Iraqi Oil Ministry finalized an agreement in principle with U.S.-based Chevron for the Nassiriya oil project, as announced by Prim...
Saipem Sheds Light on Its Part in Early Start-up of Exxonmobil’s Oil Project Offshore Guyana
Wedoany.com Report-Aug. 19, Saipem, an Italy-based engineering and construction services company, has collaborated with ExxonMobil to initiate production at the Yellowtail oil field on Guyana’s ...
China Still Storing Crude Oil Even as Refinery Runs Rise
Wedoany.com Report-Aug. 18, In July 2025, China’s refineries increased processing rates but maintained a crude oil surplus of 530,000 barrels per day (bpd), driven by robust imports and domestic...
Top India Oil Explorer’s Profit Falls
Wedoany.com Report-Aug. 15, Oil and Natural Gas Corp. (ONGC), a state-owned energy company based in New Delhi, India, reported a 10% year-on-year decrease in net income for the quarter ending June 30,...
Bp-Eni Venture Seeks to Fast-Track Output From Namibia Discovery
Wedoany.com Report-Aug. 15, Azule Energy, a joint venture between bp and Eni, is accelerating its oil operations in Namibia as it competes with companies such as TotalEnergies SE to be among the first...
Vietnam Makes First US Oil Purchase in 2025, Sources Say
Wedoany.com Report-Aug. 15, On Thursday, industry sources reported that Vietnam’s Binh Son Refining and Petrochemical (BSR), based in Quang Ngai, Vietnam, purchased one million barrels of U.S. W...
China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
Wedoany.com Report-Aug. 15, On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels ...
Exxonmobil Signs Exploration Deal for Offshore Trinidad
Wedoany.com Report-Aug. 14, ExxonMobil, a Texas-based energy company, has entered into an agreement to explore for oil and gas off the coast of Trinidad and Tobago. The deal, signed on August 12, 2025...
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
Wedoany.com Report-Aug. 13, The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 million barrels ...
SBM Offshore FPSO up and Running in Guyana: First Oil Gushes Out of Exxonmobil’s 4th Project
Wedoany.com Report-Aug. 11, SBM Offshore, based in the Netherlands, has launched its new floating production, storage, and offloading (FPSO) vessel, One Guyana, which has begun operations to support E...