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06 Jan 26 |
Oman: Government of Oman signs Feasibility Study Agreement with Westlawn Middle East and Salamander Solutions Middle East The Ministry of Energy and Minerals (MEM) of the Sultanate of Oman has signed a Feasibility Study Agreement with Westlawn Middle East LLC (WLME) and Salamander Solutions Middle East LLC (SSME) to evaluate the potential for heavy crude oil production in Block 71 using Salamander's advanced electric heating technology. |
05 Jan 26 |
Mozambique: TechnipFMC awarded EPCI contract by Eni for the Coral North FLNG Development TechnipFMC has been awarded a substantial Engineering, Procurement, Construction, and Installation contract by Eni for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approx. 2,000 meters. |
05 Jan 26 |
Canada: IPC Corporate Update: Blackrod Phase 1 commencement of steam injection International Petroleum Corporation has provided an update on the Blackrod Phase 1 development in Canada. Following substantial progress on the project achieved during 2025, IPC commenced first steam injection at the Blackrod Phase 1 project on December 20, 2025. |
05 Jan 26 |
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 have reaffirmed their decision on 2 November 2025 to pause production increments in February and March 2026 due to seasonality. |
05 Jan 26 |
Trinidad: Touchstone Exploration provides an operational update on the Carapal Ridge-3 development well Touchstone Exploration has provided an operational update on the Carapal Ridge-3 development well ('CR-3'), located on the Central block onshore in the Republic of Trinidad and Tobago. As anticipated, CR-3 encountered hydrocarbon-bearing sands both below and above a key shale marker. |
05 Jan 26 |
Brazil: Petrobras approves Final Investment Decision for the development of the Sergipe Deep Waters project, module 2 Petrobras has approved the final investment decision for the development of the Sergipe Deep Waters Module 2 (SEAP II) project in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. |
05 Jan 26 |
Mexico: Harbour appointed operator of the Zama project in Mexico Harbour Energy announced December 31 2025 it has been appointed operator of the Zama oil project offshore Mexico. The Zama oil field, discovered in 2017 and successfully appraised in 2018 and 2019, is estimated to contain approx. 750 mmboe of gross recoverable resources. |
04 Jan 26 |
Libya: NOC achieves highest average crude oil production in a decade Libya's National Oil Corporation (NOC) has disclosed its average daily crude oil production and total (cumulative) production figures for the past 10 years. 2025 has recorded the highest average production rate compared to the past decade, at 1.374 million barrels per day. |
04 Jan 26 |
Brazil: Petrobras starts production at Búzios 6 Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin on December 31st. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. |
