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.
Senegal is moving to expand its oil and gas sector with a US$100 million onshore exploration campaign, led by the state-owned company Petrosen, following the revocation of licenses from operators who had made little or no progress on their concessions.
Oil gained as tensions in the Middle East outweighed concerns that there is a supply glut building in the market.
In its latest short term energy outlook (STEO), which was released on February 10, the U.S. Energy Information Administration (EIA) projected that the average Brent spot price will drop in 2026 and 2027.
Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This marks the first export of liquids from the massive field, which is primarily designed to produce natural gas.
Aquaterra Energy wins multi-well offshore Spain intervention and P&A contract