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Iraq announces major projects to increase its oil reserves, targeting a potential 160 billion barrels.
Iraq announces major projects to increase its oil reserves, targeting a potential 160 billion barrels.
US crude oil inventories fell slightly last week, while the pace of refinery activity increased and exports rose. The market reacted with slightly higher prices.
US crude oil inventories fell slightly last week, while the pace of refinery activity increased and exports rose. The market reacted with slightly higher prices.
Nigerian oil and gas producer Oando is aiming to double its production following the imminent acquisition of Eni, projecting a ramp-up to 100,000 boe/d by 2029.
Nigerian oil and gas producer Oando is aiming to double its production following the imminent acquisition of Eni, projecting a ramp-up to 100,000 boe/d by 2029.
In April, Russian oil product exports hit a post-pandemic low, impacted by drone attacks and flooding.
In April, Russian oil product exports hit a post-pandemic low, impacted by drone attacks and flooding.
ADNOC recently increased its crude oil production capacity to 4.85 million barrels per day, making significant progress towards its target of 5 million barrels by 2027. This expansion comes at a time when the company is seeking to maximize its hydrocarbon resources in the face of increased market competition and the constraints of OPEC+ quotas.
ADNOC recently increased its crude oil production capacity to 4.85 million barrels per day, making significant progress towards its target of 5 million barrels by 2027. This expansion comes at a time when the company is seeking to maximize its hydrocarbon resources in the face of increased market competition and the constraints of OPEC+ quotas.
The offshore drilling industry is experiencing strong demand for its 6th and 7th generation platforms, despite a slight drop in new contracts signed.
The offshore drilling industry is experiencing strong demand for its 6th and 7th generation platforms, despite a slight drop in new contracts signed.
Iraq's crude oil exports fell slightly in April, reflecting pressure to meet OPEC+ quotas.
Iraq's crude oil exports fell slightly in April, reflecting pressure to meet OPEC+ quotas.
Angola, having withdrawn from OPEC, is raising renewed hopes in Asia thanks to its increased oil production, offering greater flexibility in regional supply.
Angola, having withdrawn from OPEC, is raising renewed hopes in Asia thanks to its increased oil production, offering greater flexibility in regional supply.
ConocoPhillips forecasts stable activity in the Permian Basin for 2024, while anticipating occasional production increases thanks to new projects.
ConocoPhillips forecasts stable activity in the Permian Basin for 2024, while anticipating occasional production increases thanks to new projects.
Paris City Council is contesting a state-approved oil drilling project in Seine-et-Marne, which it claims would threaten the city's drinking water sources.
Paris City Council is contesting a state-approved oil drilling project in Seine-et-Marne, which it claims would threaten the city's drinking water sources.
In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
The United States has granted Maurel & Prom an exceptional license, enabling the French oil company to maintain its operations in Venezuela despite the sanctions.
The United States has granted Maurel & Prom an exceptional license, enabling the French oil company to maintain its operations in Venezuela despite the sanctions.
The FTC approved ExxonMobil's acquisition of Pioneer Natural Resources, but stipulated that Scott Sheffield, ex-CEO of Pioneer, would not join ExxonMobil's board of directors. This condition underlines the regulatory complications in a fast-changing energy market.
The FTC approved ExxonMobil's acquisition of Pioneer Natural Resources, but stipulated that Scott Sheffield, ex-CEO of Pioneer, would not join ExxonMobil's board of directors. This condition underlines the regulatory complications in a fast-changing energy market.
The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.
The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.
Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.
Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.
U.S. commercial crude oil inventories rose unexpectedly last week, following an almost equivalent decline the week before, according to the U.S. Energy Information Agency (EIA).
U.S. commercial crude oil inventories rose unexpectedly last week, following an almost equivalent decline the week before, according to the U.S. Energy Information Agency (EIA).
The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.
The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.
Petrofac plummets in London, announcing a delay and suspension of trading.
Petrofac plummets in London, announcing a delay and suspension of trading.
TotalEnergies EP Congo, an 85%-owned subsidiary of TotalEnergies, recently modified its shareholding structure in several oil licenses, involving exchanges with Trident Energy.
TotalEnergies EP Congo, an 85%-owned subsidiary of TotalEnergies, recently modified its shareholding structure in several oil licenses, involving exchanges with Trident Energy.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Subsea7 awarded contract to develop the Sunspear oil field in the Gulf of Mexico.
Subsea7 awarded contract to develop the Sunspear oil field in the Gulf of Mexico.
In March, China saw its exports of clean petroleum products rise sharply, reaching a 14-month high after the Lunar New Year vacation.
In March, China saw its exports of clean petroleum products rise sharply, reaching a 14-month high after the Lunar New Year vacation.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
China could dominate Venezuelan oil purchases as India gradually withdraws, spurred on by new US sanctions.
China could dominate Venezuelan oil purchases as India gradually withdraws, spurred on by new US sanctions.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Galp Energia experiences a spectacular rise on the stock market following the announcement of a major oil discovery in Namibia.
Galp Energia experiences a spectacular rise on the stock market following the announcement of a major oil discovery in Namibia.

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