Abu Dhabi National Oil Co., the UAE’s state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales.
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of military strikes on Iran, raising hopes that a diplomatic route to reopening the Strait of Hormuz and averting a broader regional conflict could be found.
Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, said he had prepared a roadmap to expand the Tema Oil Refinery’s (TOR) processing capacity to 100,000 barrels per day, following a directive from President John Dramani Mahama.
Oil loadings by Saudi Arabia and other major producers inside the Persian Gulf remained subdued as recent attacks continue to deter shipowners from traversing the Strait of Hormuz. No large tankers have been seen berthed at the kingdom’s top Persian Gulf installations since July 12, according to satellite images from the European Union’s Sentinel-1 orbiter. […]
Perhaps nothing in the last 40 years of upstream technology and innovation can rival the impact that Artificial Intelligence is having on the global oil and gas industry. Many operators and service companies, alike, are looking at ways that A.I. can generate greater productivity and financial gains. A.I. translates massive volumes of geological, drilling and production data […]
bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles south of New Orleans, the Atlantis field has been producing for nearly two decades. The expansion includes two […]
U.S. shale pioneer Harold Hamm is moving to expand his footprint in Argentina’s Vaca Muerta oil basin, home to the world’s fastest-growing shale boom, according to people familiar with the matter. Hamm’s Continental Resources Inc. is set to compete for shale blocks in an auction managed by Neuquen province where the lion’s share of Vaca Muerta acreage is located, […]
Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited […]
Shell reported second-quarter adjusted earnings of $9.8 billion, up from $6.9 billion in the first quarter, as stronger upstream performance, higher realized oil and gas prices and record production in Brazil offset operational disruptions in the Middle East. The company generated $21.4 billion in cash flow from operations (CFFO) during the quarter, supported by higher commodity prices […]
Clariant has appointed Gapuma Group as the distributor of its Well Service Additives (WSA) portfolio across Nigeria, Côte d’Ivoire and Ghana, expanding the availability of its specialty oilfield chemicals in key West African upstream markets. Under the agreement, Gapuma will distribute Clariant’s Well Service Additives portfolio through its regional network, including the HOSTADRILL™, HOSTAMER™ and HOSTASTIM™ product families used in […]