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 ...
CNOOC Achieves New Gas Startup in South China Sea
Wedoany.com Report-Aug. 4, CNOOC Ltd., a subsidiary of China National Offshore Oil Corp., has commenced production at the Dongfang 1-1 Gas Field 13-3 Block Development Project in the Yinggehai Basin, ...
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...
Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant
Wedoany.com Report-Aug. 2, On Friday, Imperial Oil, a Calgary, Alberta-based oil producer, reported a decrease in second-quarter profit, primarily due to lower crude oil prices and reduced refinery th...
India Buys Record Amount of Soybean Oil From China
Wedoany.com Report-Jul. 31, Indian importers have purchased a record 150,000 tonnes of soybean oil from China in an unusual trade shift, driven by a surplus in the Chinese market. According to four tr...
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
Wedoany.com Report-Jul. 30, In June, Mexicos state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export level in decades, ...
Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint
Wedoany.com Report-Jul. 28, Canada-based Valeura Energy has entered into a farm-in agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to acquire a 40% intere...
Changqing Oilfield’s Daily Shale Oil Output Surpasses 10,000 Tonnes
Wedoany.com Report-Jul. 24, On Wednesday, Changqing Oilfield, China’s largest oil-and-gas field, reported a daily shale oil production of 10,006 tonnes, marking a significant milestone in the co...
US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says
Wedoany.com Report-Jul. 23, In February and March 2025, the United States became a net exporter of crude oil to Nigeria, driven by changes in regional demand and supply, according to the U.S. Energy I...