Latest updates for International Oil Companies

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Recent items include:

  • IOCs Compete For Iraq’s Nahr Bin Umar Field
  • Indian Oil to trim West Asia oil imports under annual deals amid Iran war
  • Cash-rich oil majors face post-Iran strategy rethink

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mees.com /6 days ago

IOCs Compete For Iraq’s Nahr Bin Umar Field

TotalEnergies wants to partner with ConocoPhillips to develop Iraq’s Nahr Bin Umar oil field, reigniting IOC competition for the Basra field...

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thehindubusinessline.com /1 day ago

Indian Oil to trim West Asia oil imports under annual deals amid Iran war

IOC, ‌the country's top refiner, had planned to source about 47% of its crude imports from ‌West Asia producers under annual deals on a free-on-board (FOB) ‌basis ⁠

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omanobserver.om /3 weeks ago

Cash-rich oil majors face post-Iran strategy rethink

LONDON: The world's ⁠biggest energy companies are poised to deliver another quarter of bumper profits, fuelled by record refining margins. Flush with cash, Big Oil now needs to cha...

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natlawreview.com /1 week ago

Going Solo: Exclusive Operations in Petroleum Joint Ventures—an NOC Perspective

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thehindubusinessline.com /1 month ago

Oil India plans ₹15,000 crore capex for deep, ultra-deepwater exploration

The state-run E&P company is expanding its offshore footprint while strengthening seismic evaluation, drilling capabilities and integrated energy infrastructure

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marinelink.com /1 month ago

Oil Companies to Steer Clear of Iran Blacklisted Ships

At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, due to security concerns, fou...

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investmentwatchblog.com /1 month ago

Private companies set to strike new deals to expand Venezuelan oil production

Key takeaways Oil Expansion Plans: Chevron and Eni to invest billions, aiming to more than double Venezuela’s oil output within five years; Chevron targets 600,000 barrels/day, Eni...

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thisdaylive.com /5 hours ago

Oil Firms Decry Long Tender Cycles Delaying Upstream Projects Despite Tinubu’s Directives

• PETAN flags double-digit bank rates, 90-day payment delays stifling capacity Peter Uzoho Indigenous oil and gas service companies have raised alarm over long tender approval cycl...

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oilandgas360.com /3 weeks ago

Venezuela’s oil revival accelerates as foreign companies return

(Oil Price) – Hundreds of oil executives have flocked to Venezuela’s capital city of Caracas this week for the first major […]

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vanguardngr.com /3 weeks ago

Indigenous operators now produce 50% of Nigeria’s oil

By Obas Esiedesa, Abuja ABUJA — Indigenous oil and gas operators now account for more than 50 per cent of Nigeria’s crude oil production, the Federal Government has said. The Minis...

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oilandgas360.com /1 month ago

Some oil companies to avoid ships on Iran blacklist, sources say

(BOE Report) – At least three Indian oil refiners and a global energy major plan to stop using vessels on […]

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webwire.com /4 weeks ago

Nigeria: TotalEnergies launches the Ima Gas Development to Supply Nigeria LNG liquefaction plant

TotalEnergies (40%, operator), together with its partner AMNI (60%), have taken the Final Investment Decision (FID) for the development of the Ima gas field, straddling the OML 112...

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oilandgas360.com /3 weeks ago

1947 Oil & Gas begins AIM trading following U.S. Gulf acquisition

(World Oil) – 1947 Oil & Gas plc has begun trading on the AIM market of the London Stock Exchange, […]

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punchng.com /1 month ago

Foreign oil firm eyes Nigeria’s 2026 oil licensing round

Indonesia’s state-owned oil company, Pertamina, is considering investing in Nigeria’s upstream sector, signalling interest in the 2026 oil licensing round. Read More: https://punc...

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thisdaylive.com /1 month ago

Oando Calls for Stronger Partnerships to Unlock Africa’s Upstream Potential

• Says relationships must extend beyond regulatory compliance Emmanuel Addeh in Abuja Oando Energy Resources, the upstream subsidiary of Oando Plc, Africa’s leading indigenous ener...

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omanobserver.om /1 month ago

OMIFCO, IGC to finalise gas deal for expansion

MUSCAT: Oman India Fertiliser Company (OMIFCO) is engaged in intensive discussions with Integrated Gas Company (IGC), the state-run exclusive aggregator and supplier of natural gas...

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thisdaylive.com /1 month ago

Ojulari Rekindles Upstream Boom as Rigs Surge, Bonga Nears FID

·$20bn Bonga project nears FID, land rig deployment climbs to 52 Peter Uzoho Nigeria’s upstream petroleum industry is showing renewed signs of activity as the Nigerian National Pet...

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mees.com /2 weeks ago

Oman: PDO Capitalizes On Record Prices With Output Hike

Omani state-led upstream firm PDO has raised oil production to take advantage of the record prices Omani crude has fetched this year. The Ho...

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oilandgas360.com /1 month ago

Executive Interview: INDO’s Next Chapter: Indonesia Energy Corporation discusses Kruh, Citarum and the path to growth

(Oil & Gas 360) – Indonesia Energy Corporation (NYSE: INDO) is advancing a multi-asset growth strategy in Indonesia, combining near-term […]

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ft.com /2 weeks ago

Oil majors look beyond Middle East war in pursuit of region’s vast reserves

Western groups look to new investment opportunities despite the chaos and heightened risks caused by the conflict with Iran

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businesstoday.in /6 days ago

Brent oil futures hit $110 a barrel! These stocks to watch next week

In the case of BPCL, HPCL and IOC, OMCs' crude procurement cost has already jumped to $125 a barrel, resulting in steep marketing losses.

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omanobserver.om /1 month ago

Omani oilfield services firm eyes Africa expansion with Sonangol pact

MUSCAT, SEPT 22Omani oilfield services provider Desert Sand Oil & Gas (DSOG) has taken a significant step towards expanding into Africa through a cooperation pact with Angola’s...

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ndtvprofit.com /1 month ago

ONGC Secures US OFAC License To Continue Venezuela Operations

OFAC clearance keeps ONGC Videsh's Venezuela operations on track; capex plans hinge on framework agreement with Caracas.

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omanobserver.om /2 weeks ago

IEA: 325 million barrels of oil from strategic reserves released

Paris: The International Energy Agency (IEA) said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves,...

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oilandgas360.com

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