Nigeria Says Exxon Commits $1.5b to Deepwater Development
Wedoany.com Report-May 15, Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, planned for th...
Gulf of Thailand Oil Field Revamp Gets Green Light
Wedoany.com Report-May 15, Valeura Energy has approved redevelopment of its 100%-owned Wassana field in license G10/48, Gulf of Thailand, with a new central processing platform (CPP). The project, ext...
US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear
Wedoany.com Report-May 15, U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns about potentia...
Murphy Discovers More Oil in Cuu Long Basin Offshore Vietnam
Wedoany.com Report-May 14, Murphy Oil Corp. has announced a significant oil discovery in Block 15-1/05, located in the Cuu Long Basin offshore Vietnam. The exploration well Lac Da Hong-1X, also known ...
Iraq to Reduce Crude Oil Exports in May and June, Official Says
Wedoany.com Report-May 13, Iraq intends to export 3.2 million barrels per day (bpd) of crude oil in May and June, according to an Iraqi official familiar with the matter. This volume represents a nota...
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
Wedoany.com Report-May 13, A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the world’s la...
Mexico’s Pemex Plans to Export Less Crude Oil as New Refinery Starts Up, Official Says
Wedoany.com Report-May 13, Mexico’s state-owned oil company, Pemex, expects to decrease crude oil exports this year as it directs more supply to domestic refineries, particularly the new Olmeca ...
China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
Wedoany.com Report-May 12, China, the world’s largest crude oil importer, reported a slight increase in imports for the first four months of 2025, reaching 11.83 million barrels per day (bpd), a...
Petrobras Enriches Brazilian Offshore Reserves With ‘High-Quality’ Oil Find
Wedoany.com Report-May 12, Brazilian state-owned energy company Petrobras has announced a new oil discovery in the pre-salt Santos Basin, located off Brazil’s southeastern coast. The find was ma...
Kazakhstan Says It Has No Plans to Cut Oil Production This Month
Wedoany.com Report-May 9, Kazakhstan’s Energy Ministry, based in Astana, has announced that the country will maintain its oil production at an average of 277,000 metric tons of crude and condens...