Norway’s Northernmost Oil Field Formally Inaugurated
Wedoany.com Report-Aug. 11, Equinor officially inaugurated the Johan Castberg oil field on August 8. This marks Norway’s northernmost oil development and the third producing field in the Barents...
BP Starts up Argos Extension Project in Gulf of America
Wedoany.com Report-Aug. 9, BP plc has launched the Argos Southwest Extension project in the Gulf of Mexico, marking the first of several planned initiatives in the region through the end of the decade...
Exxonmobil Starts Production at Yellowtail, Offshore Guyana
Wedoany.com Report-Aug. 9, On August 8, 2025, ExxonMobil Guyana commenced operations at the Yellowtail development, its fourth offshore oil project in the Stabroek block, located off the coast of Guya...
India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
Wedoany.com Report-Aug. 9, India’s government approved a 300 billion rupee ($3.4 billion) compensation package for state-owned oil marketing companies to cover losses from providing subsidized c...
China’s July Crude Oil Imports up 11.5% Year-On-Year
Wedoany.com Report-Aug. 8, China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrels per day, ac...
Key Oilfield Discovered in SW China
Wedoany.com Report-Aug. 5, China Petroleum and Chemical Corp (Sinopec) has announced the discovery of the Fuxing oilfield in the Sichuan Basin, marking the first shale oilfield in Southwest China. Loc...
India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Wedoany.com Report-Aug. 5, Indian Oil Corporation (IOC), Indias largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for September delivery, ...
OPEC+ Countries to Boost Oil Production by 547,000 Barrels per Day
Wedoany.com Report-Aug. 4, On Sunday, August 3, 2025, a group of eight OPEC+ member countries convened virtually and agreed to increase oil production by 547,000 barrels per day starting in September ...
China’s Independent Oil Firms Elbow Into Iraq’s Majors-Dominated Market
Wedoany.com Report-Aug. 4, Chinas independent oil companies are significantly increasing their investments in Iraq, a major OPEC producer, with plans to double their output to 500,000 barrels per day ...
Fugro Picks up Survey Contracts for UAE Field Developments
Wedoany.com Report-Aug. 3, Fugro, a Netherlands-based company, has been awarded multiple contracts to conduct offshore and onshore site surveys in the United Arab Emirates, supporting two major energy...