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.
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.