The Trump-Putin meeting this Friday and the oil trade spat with India have been hogging the headlines these days, but meanwhile, the tariff war continues—and it may end with a complete rearrangement of global supply chains.
The Common Seawater Supply Project (CSSP) is the key to unlock massive gains in oil output from Iraq. Consequently, control over the project is pivotal to gaining control over the country’s enormous oil and gas resources.
The upcoming Trump-Putin meeting is sparking speculation over a potential deal that could ease sanctions and reshape oil markets.
After a tumultuous few years with protests, tax hikes, soaring violence, and bans on exploration weighing on Colombia’s economically vital oil industry, the inevitable has occurred: Big Oil is abandoning the strife-torn country.
Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its forecast for next year by 100,000 bpd on the back of expected stronger economies in key oil-consuming regions.
After years of public vows to wean themselves off fossil fuels, the world’s biggest oil companies are dusting off their drilling maps and doubling down on exploration.
ADNOC Gas PLC has reported $1.39 billion in net income for the second quarter, rising 16 percent compared to the same three-month period last year and setting a quarterly record for the company.
“There’s a territorial border between Germany and the Dutch that hasn’t been settled in 300 years. If the Dutch and the Germans couldn’t finish in 300 years, why should we finish in 10?,” Indonesia Deputy Foreign Minister Arif Havas Oegroseno said in an interview on Friday. If the talks between the Southeast Asian nations “take a long time, so be it.”
Total’s South African unit expects to drill as many as seven wells in the Deep Western Orange Basin in waters about 211 km (131 mi) off the coastal town of Saldanha Bay, according to SLR Consulting, an independent environmental assessment company. A draft environmental assessment is available for public comment until Sept. 10.
Norway has started to plan its 26th oil and gas licensing round in little explored frontier areas as it looks to boost exploration and resources to stem an expected decline in production from the early 2030s.