Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
