Friday’s gain in crude oil prices was small enough that it could almost be described as neutral for the day, largely due to an overall slowdown in U.S. inflation.
The US government has granted licences to five Western oil companies including BP, Chevron, Eni, Repsol and Shell to resume oil and gas operations in Venezuela, Bloomberg reported on Friday.
The Republic of Congo has begun exports from Phase 2 of its Congo LNG project, increasing the country’s liquefaction capacity and reinforcing its position as an emerging LNG exporter.
Halliburton has introduced a new injection system designed to support carbon capture, utilization and storage (CCUS) operations, as operators seek improved reliability and performance in CO₂ injection wells.
Venezuela plans to grant more oil-production land to Chevron Corp. and Spain’s Repsol SA as the Trump administration pushes for private companies to rebuild the nation’s energy sector, according to people with knowledge of the matter.
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.