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04 Feb 26 |
Latin American oil giants shrug off potential Venezuelan comeback; smaller players seize near-term upside - Rystad Energy Argentina, Guyana and Brazil are poised to lead Latin American oil production growth in 2026, even though the possible return of Venezuelan barrels poses questions for the region’s long-term capital expenditure strategy. |
03 Feb 26 |
Kuwait: SLB awarded integrated development contract for Mutriba field in Kuwait Global technology company SLB has announced that Kuwait Oil Company has awarded SLB a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management. |
03 Feb 26 |
Benin: Akrake Petroleum completes drilling of the AK-2H production well in the Sèmè Field in Benin Rex International Holding has announced that Rex’s indirect subsidiary Akrake Petroleum Benin has completed the drilling of the AK-2H production well in the Sèmè Field in Benin. Work on final hook-up of the mobile offshore production unit (MOPU) and the floating storage & offloading unit (FSO) is progressing. |
02 Feb 26 |
Equatorial Guinea, Chevron sign Aseng Agreement, strengthening GEPetrol participation The Ministry of Hydrocarbons and Mining Development of the Republic of Equatorial Guinea, in partnership with energy major Chevron, has officially signed the Heads of Agreement (HoA) for the financing of GEPetrol’s participation in the Aseng Gas Project in Block I. |
02 Feb 26 |
Indonesia: Empyrean Energy announces Duyung PSC update Empyrean Energy has signed a binding term sheet for a settlement agreement with Conrad Asia Energy, the operator of the Duyung PSC and Mako Gas Field in Indonesia, which has successfully and amicably resolved the outstanding cash call dispute between Empyrean, Conrad and Conrad's subsidiary, West Natuna Exploration Limited ('WNEL'). |
02 Feb 26 |
Norway: Aker BP starts oil production from the Solveig Phase 2 development in the North Sea Aker BP has started oil production from the Solveig Phase 2 development in the North Sea. The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field. |
01 Feb 26 |
US: Baker Hughes, Expand Energy to deploy Leucipa™ across US natural gas fields Baker Hughes, an energy technology company, has announced an award from Expand Energy, North America’s largest natural gas producer, to deploy its Leucipa™ automated field production solution across thousands of gas-producing wells in the United States. This multi-year agreement will help Expand Energy optimize production and strengthen North America’s natural gas supply chain. |
01 Feb 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 eaffirmed their decision on 2 November 2025 to pause production increments in March 2026 due to seasonality. |
