Elemental Energies has acquired Applied Petroleum Technology to expand its global subsurface, geochemistry and basin modeling capabilities, supporting operators across exploration, production, CCS and late-life well abandonment. SourceContinue Reading

MOL Group has entered Libya’s upstream sector through a joint venture with Repsol and TPAO to explore the deepwater O7 offshore block in the Mediterranean, marking its latest international expansion and strengthening North Africa exploration activity. SourceContinue Reading

Crude oil inventories in the United States increased by 8.5 million barrels during the week ending February 6, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 428.8 million barrels according to government data, which is still 3% below the five-year average for this...Continue Reading

Big Oil Courts Syria for Major Exploration Deals | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 11, 2026, 9:30 AM CST Syria expects to award oil and gas exploration licenses to major international oil firms as it looks to tap its estimated huge reserves,...Continue Reading

Iran Signals Openness to Nuclear Inspections as U.S. Warships Mass in the Gulf | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Feb 11, 2026, 9:00 AM...Continue Reading

Novatek’s 2025 Profit Tumbles 60% as Sanctions Bite | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 11, 2026, 8:00 AM CST Russia’s biggest LNG producer and exporter, Novatek, reported...Continue Reading

Harbour Energy has completed its $3.2-billion acquisition of LLOG Exploration, establishing a major deepwater position in the U.S. Gulf of America and adding oil-weighted production with growth to 70 MMbpd expected by 2028. SourceContinue Reading

TotalEnergies Q4 Profit Slips on Lower Oil Prices | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 11, 2026, 7:00 AM CST Fourth-quarter earnings at French supermajor TotalEnergies (NYSE: TTE)...Continue Reading

Trump Allows U.S. Firms to Provide Services for Venezuela’s Oil | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 11, 2026, 6:00 AM CST The Trump Administration has further eased...Continue Reading

Oil prices rose by 1% early on Wednesday as the U.S.-Iran tensions continue to rise and Israeli Prime Minister Benjamin Netanyahu is set to meet U.S. President Donald Trump.  In morning trade in Europe on Wednesday, the U.S. benchmark, WTI Crude, was up by 1.39% to $64.85 per barrel. The front-month futures traded at $64.85.  ...Continue Reading