Saudi Aramco and Abu Dhabi National Oil Company are among the companies continuing to move limited crude cargoes through the Strait of Hormuz despite ongoing threats and shipping disruptions tied to the Iran conflict.
Saudi Aramco reported stronger first-quarter earnings as higher crude prices and expanded pipeline exports helped offset disruption tied to the ongoing Strait of Hormuz crisis.
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia, adding more pressure on the nation’s refinery runs that hit multi-year lows in April.
Nigeria has sharply increased its share of Africa’s upstream final investment decisions (FIDs) following a series of energy sector reforms aimed at restoring investor confidence and accelerating project approvals.
PetroTal Corp. said it is preparing to resume development drilling at its Bretana field in Peru later this year as the company works to stabilize production and return to growth.
BW Offshore has amended its contract with the Catcher field partners to extend operations for the FPSO BW Catcher through Dec. 31, 2030, with a six-month flexibility window.
Devon Energy Corporation and Coterra Energy Inc. have completed their previously announced all-stock merger, creating a large-scale shale producer with a strengthened position in the Delaware basin and expanded operations across several major U.S. resource plays.
Sun Petrochemicals Pvt. Ltd. has selected Sercel WiNG 3C nodes for what the companies described as India’s first 3C MEMS nodal seismic survey, marking a technology milestone for the country’s upstream sector.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.3 million barrels from the week ending April 24 to the week ending May 1.
A drill stem test (DST) confirmed the preliminary assessment of about 5 trillion cubic feet (Tcf) of natural gas and 300 million barrels of condensate in the Geliga-1 discovery in the Kutei Basin offshore Indonesia, Eni SpA said Thursday