Azule Energy Holdings Ltd, an Angolan joint venture equally owned by Italy’s Eni SpA and Britain’s BP PLC, has declared a new oil discovery in Block 15/06 in the offshore Lower Congo Basin, with an initial estimate of about 500 million barrels.
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of Abu Dhabi National Oil Company (ADNOC), the UAE’s energy giant, plans to order up to six liquefied natural gas (LNG) carriers in an effort to accelerate its entry into the global natural gas trading market.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.5 million barrels from the week ending January 30 to the week ending February 6.
Transocean has secured contract fixtures for its Encourage and Enabler rigs in Norway, amassing a firm backlog of approximately $184m (SFr141.4m).
This agreement formalizes XRG’s inclusion in the Argentina LNG project, focusing on engineering, commercial, and financing activities to develop the Vaca Muerta shale gas and offshore liquefaction vessels, targeting FID in second-half 2026.
Vista Energy increased reserves and production through acquisitions and new wells online in Argentina’s Vaca Muerta basin.
Iraq’s Ministry of Oil announced the full operation of new refineries at 100% production capacity. Officials said the move marks a major shift in producing high-quality refined fuels.
Ukrainian drones hit another Russian refinery owned by Lukoil PJSC, as Kyiv’s attacks on its foe’s energy infrastructure resume after a lull last month.
SLB has secured multiple offshore drilling contracts from UAE-based Mubadala Energy for a deepwater gas development in Indonesia, the company said on Thursday.
Petronas subsidiary PC Oman Ventures has signed a concession agreement with Oman’s Ministry of Energy and Minerals and OQ Exploration and Production Batinah Offshore (OQEP) for offshore exploration Block 18, the companies announced on Thursday.