Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Wedoany.com Report-Jun 24, Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern continental shel...
Field Development Update Boosts Rex’s Reserves Estimate off Oman
Wedoany.com Report-Jun 24, Singapore-based Rex International Holding Limited has released an updated independent summary Qualified Person’s Report (QPR) for its Yumna field located in Block 50 o...
Equinor’s Barents Sea Field Hits Peak Output 3 Months After First Oil
Wedoany.com Report-Jun 23, Equinor, a Norwegian state-owned energy company, announced that its Johan Castberg field in the Barents Sea achieved full production capacity of 220,000 barrels of oil per d...
More Time for UK Operator to Breathe Life Into Two North Sea Oil Discoveries
Wedoany.com Report-Jun 22, UK-based oil and gas company Orcadian Energy has secured an extension for Phase B of its P2482 license, allowing continued development of the Elke and Narwhal oil discoverie...
Nouryon Opens Oilfield Application Center in Houston
Wedoany.com Report-Jun 20, Nouryon, based in Amsterdam, Netherlands, has opened a new Innovation Center in Houston, Texas, focused on oilfield applications. This development, announced in June 2025, s...
China Builds a Crude Oil War Chest Amid Middle East Tensions
Wedoany.com Report-Jun 17, Chinas crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the worlds largest oil...
China’s May Refinery Throughput at 9-Month Low on Plant Overhauls
Wedoany.com Report-Jun 16, China’s crude oil throughput declined by 1.8% year-on-year in May, reaching its lowest level since August 2023, according to official data released on Monday. The Nati...
Indonesia to Increase Palm Oil Exports
Wedoany.com Report-Jun 15, Indonesia is set to increase its palm oil exports in 2025 to 25 million tons, up by 1 million tons from the previous year, according to forecasts from German market analysts...
PSC Extension Secured for Totalenergies’ Angolan Deepwater Block
Wedoany.com Report-Jun 13, TotalEnergies and its partners have signed an extension to the production sharing contract (PSC) for Block 17, one of Angola’s most productive offshore oil blocks. The...
Chinese Giant Augments Hydrocarbon Production as Oilfield Project Goes Live
Wedoany.com Report-Jun 10, China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, has commenced production at the Weizhou 5-3 oilfield development project in the South Chi...