Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).
Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).
Petrobras, the Brazilian oil company, joins forces with a partner to acquire a 40% stake in Galp's Mopane block in Namibia, with the aim of strengthening its reserves.
Petrobras, the Brazilian oil company, joins forces with a partner to acquire a 40% stake in Galp's Mopane block in Namibia, with the aim of strengthening its reserves.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
The acquisition of Pioneer Natural Resources enables ExxonMobil to surpass the one million barrels of oil equivalent per day milestone in the Permian Basin, consolidating its growth strategy.
The acquisition of Pioneer Natural Resources enables ExxonMobil to surpass the one million barrels of oil equivalent per day milestone in the Permian Basin, consolidating its growth strategy.
Slovakia and Hungary reject the European Commission's suggestion to replace Russian oil via an alternative route in Croatia, citing prohibitive costs and uncertain capacity.
Slovakia and Hungary reject the European Commission's suggestion to replace Russian oil via an alternative route in Croatia, citing prohibitive costs and uncertain capacity.
Claudia Sheinbaum Pardo announces an ambitious plan to revitalize Mexico's petrochemical industry and explore new sources of revenue, including lithium mining.
Claudia Sheinbaum Pardo announces an ambitious plan to revitalize Mexico's petrochemical industry and explore new sources of revenue, including lithium mining.
BP signs an agreement with Iraq to develop four oil and gas fields in the province of Kirkuk, with the aim of increasing energy production and diversifying resources.
BP signs an agreement with Iraq to develop four oil and gas fields in the province of Kirkuk, with the aim of increasing energy production and diversifying resources.
BP approves the investment for the Kaskida oil project in the Gulf of Mexico, aiming to produce 80,000 barrels per day by 2029, with a potential of 10 billion barrels.
BP approves the investment for the Kaskida oil project in the Gulf of Mexico, aiming to produce 80,000 barrels per day by 2029, with a potential of 10 billion barrels.
The Nigerian government allows NNPC to sell oil in naira to the Dangote refinery, easing pressure on foreign currencies and supporting local production.
The Nigerian government allows NNPC to sell oil in naira to the Dangote refinery, easing pressure on foreign currencies and supporting local production.
Viaro Energy acquires North Sea assets from Shell and ExxonMobil for $500 million.
The acquisition includes 11 offshore assets and one exploration field.
Viaro Energy acquires North Sea assets from Shell and ExxonMobil for $500 million.
The acquisition includes 11 offshore assets and one exploration field.
Occidental Petroleum sells some of its Delaware Basin assets to Permian Resources for USD 818 million, to reduce debt and optimize its asset portfolio.
Occidental Petroleum sells some of its Delaware Basin assets to Permian Resources for USD 818 million, to reduce debt and optimize its asset portfolio.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
By 2024, well drilling costs in the United States are set to fall by 10%, underpinned by significant efficiency gains despite stable oil service prices.
By 2024, well drilling costs in the United States are set to fall by 10%, underpinned by significant efficiency gains despite stable oil service prices.
Mexico could have to import oil as early as 2030, despite the new Zama and Trion fields.
Foreign partnerships could become essential to stabilize energy production.
Mexico could have to import oil as early as 2030, despite the new Zama and Trion fields.
Foreign partnerships could become essential to stabilize energy production.
Venezuela awards oil contracts to Anhui Erhuan Petroleum Group and Kerui Petroleum, strengthening its international alliances ahead of the presidential elections.
Venezuela awards oil contracts to Anhui Erhuan Petroleum Group and Kerui Petroleum, strengthening its international alliances ahead of the presidential elections.
YPFB has begun new drilling in the Tarija department to explore the hydrocarbon potential of the Chorro and Tupambi formations, aiming to reverse a decade of declining production.
YPFB has begun new drilling in the Tarija department to explore the hydrocarbon potential of the Chorro and Tupambi formations, aiming to reverse a decade of declining production.
Russia is approaching its crude oil production quota under the OPEC+ agreement, said Alexander Novak.
However, challenges remain in meeting the reduction targets.
Russia is approaching its crude oil production quota under the OPEC+ agreement, said Alexander Novak.
However, challenges remain in meeting the reduction targets.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
