Egypt Launches International Bid Round for 14 Oil and Gas Blocks
Egypt's Ministry of Petroleum and Mineral Resources has launched its 2026 international bid round fo...
Saipem Secures $1.8 Billion Offshore EPCI Contract in the Middle East, Covering Offshore and Subsea Facility Construction
Italian energy engineering contractor Saipem disclosed on August 12 that it has been awarded an offs...
Russian Government Extends Mandatory Gasoline Sales Quota Validity at 10% Until End of 2026
Russian Deputy Prime Minister Alexander Novak (Александр Новак) chaired a meeting on the situation i...
U.S. Williamsburg Field 19,000-Foot Test Well Spuds, Single-Well Investment of $3.9 Million
Southern Energy officially spudded the Terrible Creek 21-2 #2 test well on August 11 at the Williams...
Approximately $267 Million in Contract Backlog Secured, Borr Drilling Extends Operations for Seven Rigs
Borr Drilling disclosed on August 11 that its seven jack-up drilling rigs have secured eight new con...
Murphy Oil Spuds White Camel North Exploration Well Offshore Vietnam, Pre-Drill Resource Potential Up to 80 Million Barrels of Oil Equivalent
Murphy Oil Corporation (Murphy Oil) of the United States has disclosed that the Lạc Đà Trắng North-1...
Greenland's Jameson Land Onshore Oil Drilling Delayed, Permit Target Adjusted to Winter 2027
The Government of Greenland stated clearly on August 12 that the proposed oil drilling activities in...
Two Indian state-owned refineries seek up to 6 million barrels of crude, delivery window extended to October
Indian state-owned refining companies Hindustan Petroleum Corporation Limited (HPCL) and Mangalore R...
Nigeria's 650,000 bpd Dangote Refinery Reshapes Crude Supply, Seeks Pricing Autonomy
Nigeria is advancing an energy autonomy strategy on two fronts simultaneously to reduce West Africa'...
IEA Cuts Global Oil Supply Forecast, Middle East Storage and Transport Adjustments Ripple into China's Equipment Market
The International Energy Agency (IEA) released its August 2026 Oil Market Report on August 12, revis...
Eni to Acquire 40% Stake in Uruguay Offshore Block OFF-6, Plans Drilling to Start in September 2027
Italian energy company Eni has signed an agreement with U.S.-based APA Corporation to become a partn...
TDI-Brooks Secures Offshore Survey Contract from Delfin LNG
U.S. marine geoscience services provider TDI-Brooks announced on August 10, 2026, that it has been a...
BP Awards Emerson $2.9 Billion Shah Deniz Compression Project Automation Contract
The BP-operated Shah Deniz consortium has awarded Emerson the automation contract for the Shah Deniz...
Seadrill Adds Approximately $200 Million in Contract Backlog Across Three Rigs
Offshore drilling contractor Seadrill disclosed on August 10, 2026, that two of its drillships and o...
TechnipFMC Secures Flexible Pipe Contract for Angola's West Hub Tails Project
On August 11, TechnipFMC disclosed that it has been awarded a flexible pipe contract by Azule Energy...
Argentina's YPF Raises 2026 Investment Cap to $6.2 Billion
On August 11, Argentina's national oil company (YPF) raised its 2026 investment plan to $5.8–6.2 bil...
Phillips 66, Kinder Morgan, and HF Sinclair Approve $5 Billion U.S. Pipeline Project
On August 11, Phillips 66, Kinder Morgan, and HF Sinclair completed the joint venture agreement for ...
Alpha Compute Plans ~$55M Acquisition of Pennsylvania Assets for Data Center Development
On August 11, artificial intelligence infrastructure company Alpha Compute signed a term sheet to ac...
Nigeria's New Deepwater Oil and Gas Rules Aim to Attract Up to $50 Billion
Nigeria's presidency disclosed on August 11 that President Bola Tinubu has approved the "Deepwater O...
Siemens Energy Secures Power Generation and Gas Compression System Contract for Two FPSOs in Brazil, with Daily Capacity of 240,000 Barrels
Siemens Energy has been awarded a contract by SBM Offshore to supply power generation and gas compre...
OPEC crude output rises to 19.85 million bpd in July
A Reuters survey released on August 10 showed that crude output from 11 OPEC member countries rose b...
Oil spill from grounded tanker off Oman covers 390 square kilometers
On August 10, Oman's Environment Authority confirmed that crude oil leaking from the grounded tanker...
Egypt and Libya Study $1 Billion-Plus Cross-Border Oil Pipeline
Egypt and Libya are nearing an agreement to jointly build an oil pipeline connecting Libya's Tobruk ...
Major Oil Companies' Combined Second-Quarter Profits Total Approximately $48 Billion
ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their second-quarter 2026 results. Based ...
Libya's Zaggut–Sidra Oil Pipeline Repaired and Resumes Operation
On August 8, Libya's Waha Oil Company announced that after a leak was detected in the Zaggut–Sidra c...
Kuwait's AEC Reports 96.6% Net Profit Increase in H1 2026, Backlog at $1.1 Billion
Kuwaiti integrated upstream services company Action Energy Company K.S.C.P. (AEC) announced its fina...
Croatia's JANAF and MOL Sign Crude Oil Transport Contract for 2.05 Million Tons
On August 6, Croatia's Adriatic oil pipeline operator JANAF disclosed that it had completed the sign...
L&T Secures INR 5,000-10,000 Crore Offshore Order from Indian Oil and Gas Company
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has been awarded multiple Engineering, Procurement, ...
Poland's Orlen launches Gdańsk maritime terminal with $127 million investment
Polish energy company Orlen has commissioned a new maritime transshipment terminal at its Gdańsk ref...
India's ONGC Awards Fugro Three-Year Deepwater ROV Support Contract
Fugro has been awarded a three-year contract by India's Oil and Natural Gas Corporation (ONGC) to pr...