August 2025 Oil Market Review
Crude oil prices declined throughout August, driven by oversupply and weakening demand. Brent averaged $68-70/bbl in early August but fell…
India Achieved a Significant Milestone in Renewable Energy
The country added a record 22 GW of renewable energy capacity in the first half...
Norway’s New Oil and Gas Discoveries
Equinor and OKEA report significant finds. Two new commercial oil and gas discoveries near existing...
Iraq Welcomes US Oil Companies Back
The Iraqi government signed an agreement in principle with US oil firm Chevron on the Nassiriya project, comprising four exploration…
IEA Warns of ‘Bloated’ Crude Oil Markets
Directly contradicting OPEC, the International Energy Agency predicted that global oil supply would rise quickly...
A New Era of Offshore Logistics
China’s Ton-Class Drone Revolutionizes Offshore Logistics China has taken a giant leap in offshore logistics...
TotalEnergies Sell Stake in Two Vaca Muerta Shale Blocks
Argentina consolidates its oil assets. TotalEnergies has agreed to sell its 45% operated interest in...
Israel and Egypt Sign Huge Gas Deal
Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt. Israel and Egypt have...
ExxonMobil Starts Production at Yellowtail
Exxon launches fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production...
BP Starts up Argos Expansion Project in US Gulf of America
Argos Southwest Extension is BP’s fifth major project start-up in 2025, in line with its strategy to grow the upstream…