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Oil market awaits updates on crude supply challenges

Oil steadied as traders assess challenges to crude supply in the wake of planned output cuts by OPEC+ and in anticipation of news on when Iraq may resume export.........【more】

2023-04-11

OPEC shows no sign of adjusting oil production at upcoming meeting

The OPEC+ coalition is showing no signs of adjusting oil production next week, staying the course amid turbulence in financial markets.blue oil barrel with OPEC.........【more】

2023-04-04

QatarEnergy, ExxonMobil partner for two exploration licenses offshore Canada

QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada.ex.........【more】

2023-04-04

API: “Well past time” for Department of Interior to finalize five-year federal offshore oil and gas

The American Petroleum Institute (API) issued the following statement on today’s offshore lease sale mandated by the Inflation Reduction Act from API Vice.........【more】

2023-04-04

World's largest DP shuttle tanker built by China delivered

China National Offshore Oil Corporation announced on Friday that the world's largest DP shuttle tanker, NS Pioneer, independently designed and built in Chin.........【more】

2023-04-03

OPEC “cautiously optimistic” about oil demand amidst reopening of China

(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictio.........【more】

2023-02-08

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

(WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance t.........【more】

2023-01-04

New CEO of Petrobras to focus on energy transition

(Bloomberg) — President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil g.........【more】

2023-01-03

World Oil’s Top Stories of 2022: 1-5

(WO) — 2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no sh.........【more】

2022-12-29

CNOOC Limited begins production on block development project offshore China

(WO) — CNOOC Limited announced on Dec. 25 that Kenli 6-1 oilfield 5-1, 5-2, 6-1 block development project commenced production.The project is in the south.........【more】

2022-12-28