The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd) in 2026, thanks to lower oil prices and a normalization of economies after the 2025 tariff chaos, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate by 70,000 bpd from last month
Turkey’s state energy company is in talks with Chevron Corp to jointly explore for oil and gas, according to a Turkish official familiar with the discussions.
Western Midstream Partners LP (WES) announced Tuesday it has amended its natural gas gathering and processing contracts in the Delaware Basin with Occidental Petroleum Corp and expanded its partnership with ConocoPhillips in the same basin.
GNPC Explorco, the upstream exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), is set to begin crude oil exploration in the Northern Region this year as part of efforts to expand Ghana’s energy sector and drive economic transformation.
Blackstone Inc. is in the early stages of weighing a sale of Beacon Offshore Energy, a Gulf of Mexico driller it’s owned for about a decade that could fetch more than $5 billion, according to people familiar with the matter.
Equatorial Guinea, OPEC’s smallest member, has turned to commodity trading companies for prepayment deals on oil and liquefied natural gas to help finance a revival of domestic hydrocarbon production.
Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest exploration and production (E&P) companies, has discovered oil and gas reserves at the Baragzai X-01 (Slant) exploratory well in District Kohat, Khyber Pakhtunkhwa.
Baker Hughes Co. said it sees providing power generation equipment for crude production in Venezuela as its biggest immediate growth opportunity.
The Tema Oil Refinery (TOR) has said disciplined shipping schedules and tighter operational controls are beginning to pay off with storage tanks now fully stocked, a visible sign that the revived state-owned refinery is regaining operational efficiency after years of underperformance.
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to comments from U.S. President Donald Trump that appeared to lessen the likelihood of an imminent U.S. military strike on Iran.