Mexico's President Sheinbaum evaluates pilot fracking to boost natural gas output
Mexican President Claudia Sheinbaum is evaluating the possibility of launching pilot hydraulic fract...
India Plans Gas Tax to Fund $42 Billion Reserve Program
A day after unveiling details of an expanded strategic crude oil reserve program, the Indian governm...
BP's Giant Brazilian Offshore Field Targets 2032 Start-Up with 2.5 Billion Barrels of Recoverable Reserves
BP's Bumerangue ultra-deepwater discovery in Brazil's Santos Basin holds approximately 2.5 billion b...
US Upstream Oil and Gas M&A Deals Fall to $9 Billion in Q2
Data analytics firm Enverus reported on Wednesday that, due to oil price volatility, the scale of M&...
TechnipFMC Delivers Subsea Equipment for Suriname's $12.2 Billion Oil Project
UK-based energy technology company TechnipFMC has confirmed that the GranMorgu deepwater oil project...
Brazil's Brava and PetroReconcavo Sign Long-Term Oil Purchase Agreement
Brazilian oil and gas company Brava Energia (B3: BRAV3) announced on August 7 that it has signed a n...
Brazil's ANP Approves Shell's Gato do Mato Development Plan
Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) on Friday (7th) approved the d...
US Baker Hughes: Total oil and gas rig count unchanged at 588 in week ended Aug 7
U.S. energy services firm Baker Hughes reported in its weekly rig count on Friday that the total U.S...
Citigroup raises third-quarter Brent forecast to $80
Citigroup has raised its third-quarter Brent crude forecast to $80 per barrel from $75, citing the o...
Mermaid Maritime Establishes U.S. Subsidiary to Target Gulf of Mexico
Mermaid Maritime, an offshore oil and gas engineering services provider, has announced the establish...
U.S. API Report: 2025 Crude Oil Production Hits Record 13.6 Million Barrels Per Day
Despite declining Strategic Petroleum Reserve (SPR) and commercial inventories, uncertainty persists...
BP's Q2 2026 profit reaches $4.33 billion, up 124%
BP has reported its Q2 2026 financial results, with quarterly profit of $4.33 billion, up 124.35% fr...
Peru's average daily oil output in July 2026 reaches 36,900 barrels, down 23% year-on-year
According to the latest official data from Perupetro, the Peruvian state oil company, the Sociedad P...
TotalEnergies and BluEnergies Accelerate Exploration of Liberia's Harper Basin, with 17.9 Billion Barrels of Resources
TotalEnergies and BluEnergies are accelerating pre-exploration work in Liberia's Harper Basin, where...
Petrobras Diesel Subsidy Reaches 25.4% of Domestic Diesel Sales Revenue in Q2
The federal government's subsidy on diesel for Petrobras reached R$9.7 billion in the second quarter...
Brazil's ANP Defines Blocks for the 4th Production Sharing and 6th Concession Bidding Rounds
The Special Bidding Committee of Brazil's National Agency of Petroleum, Natural Gas and Biofuels (AN...
Brazil's Petrobras Not Giving Up on 60 Billion Reais Seap Deepwater Project
The first deliberations by the board of Brazil's National Agency of Petroleum, Natural Gas and Biofu...
SLB and Equinor Sign Multi-Year Production Enhancement Agreement Offshore Norway
SLB has signed a multi-year agreement with Equinor to provide advanced reservoir stimulation service...
ConocoPhillips Completes $1.7 Billion Asset Sale, Reaching $5 Billion Divestiture Target Ahead of Schedule
On August 6, U.S. oil and gas producer ConocoPhillips disclosed that it had completed the sale of $1...
BP to Acquire 70% Interest in Trinidad and Tobago's Calypso Gas Field
On August 6, UK energy company BP announced it had agreed to acquire Woodside Energy's 70% interest ...
ExxonMobil Proposes $80 Billion Kashagan Oilfield Expansion
On August 6, ExxonMobil submitted an expansion plan for the Kashagan oilfield to Kazakhstan, proposi...
Divergence over Hormuz Transit Plans Keeps International Oil Prices Rising
On August 7, uncertainty over transit arrangements in the Strait of Hormuz continued to push interna...
Gazprom Neft Deploys Re-Fracturing Technology in Russia, Boosting Well Productivity by 2.5 Times
Gazprom Neft's subsidiary Gazpromneft-Khantos has deployed a Russian-made multi-stage re-fracturing ...
Argentina's YPF Signs $405 Million Oil and Gas Asset Sale Agreement
On August 5, Argentine energy company YPF signed sale agreements for two conventional oil and gas as...
AGR and THF Partner to Explore AI Applications in Well Engineering
On July 27, AGR, a well engineering and project delivery service provider, disclosed that it has est...
Second Development Well to Be Drilled at Monument Field in the U.S.
On August 5, U.S. independent oil and gas producer Talos Energy disclosed that the first development...
TotalEnergies to Drill Jampuk-1 Well in Malaysia
TotalEnergies plans to drill the Jampuk-1 ultra-deepwater exploration well in the SB-N block offshor...
Lukoil Reapplies for Exploration License for Russia's Baltic Nadezhda Block
Lukoil's subsidiary Lukoil-Kaliningradmorneft has resubmitted an application to the Russian Ministry...
Guyana Plans to Reach 1.3 Million Barrels of Crude Oil Per Day by 2027, Expanding Caribbean Energy Cooperation
Guyana is expanding energy partnerships across the Caribbean, leveraging the rapid growth of its off...
India's ONGC to Take Over Operations of Two Venezuelan Oil Fields
India's Oil and Natural Gas Corporation (ONGC) is preparing to take over operations of two Venezuela...