Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions. SourceContinue Reading

U.S. To Scale Up Sanctions On Iran’s Key Financier China | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 05, 2025, 11:00 AM CDT The U.S....Continue Reading

Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Aug 05, 2025, 10:30 AM CDT Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for...Continue Reading

Oil Drops as Markets Digest OPEC+ Supply Decision | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Aug 05, 2025, 10:00 AM CDT Oil prices dropped to their lowest in a week on Monday as...Continue Reading

Trinidad Awards Seven Ultra-Deep Blocks to ExxonMobil | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Aug 05, 2025, 9:30 AM CDT ExxonMobil and the government of Trinidad and Tobago have agreed terms under which the Caribbean nation will award seven...Continue Reading

Nigeria’s First Exploration and Petroleum Development Co. is eying gas exploration in East Africa, reflecting a wider push by the country’s energy companies to grow outside the home market. SourceContinue Reading

Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). SourceContinue Reading

Inside NATO’s Efforts to Arm Ukraine | 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 – Aug 05, 2025, 9:00 AM CDT European NATO countries have pledged to...Continue Reading

Australia Backs Smelters to Boost Critical Mineral Output | 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 – Aug 05, 2025, 8:00 AM CDT Australia’s federal government and the South Australian and...Continue Reading

BP Tops Q2 Profit Estimate as CEO Vows To “Do Better” for Investors | 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 – Aug 05, 2025, 7:00 AM CDT Despite a drop...Continue Reading