News

Middle East oil prices weaken as regional supply outpaces demand

December 15, 2025
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude futures.

MSGBC basin attracts rising interest as new deepwater prospects emerge

December 15, 2025

Crescent finalizes Vital Energy deal, becoming top-ten liquids-weighted U.S. operator

December 15, 2025

Buccaneer Energy targets higher output at Pine Mills through new waterflood unit

December 15, 2025

Seadrill wins new offshore drilling contracts in the U.S. Gulf and Angola

December 15, 2025

Kongsberg introduces new UUC PM thruster sizes to boost offshore vessel performance

December 15, 2025

Chevron cuts Venezuelan oil prices after U.S. seizes tanker

December 15, 2025

KROHNE advances ultrasonic flow meter verification to boost custody transfer accuracy

December 12, 2025

Nigeria approves 28 firms to capture gas lost to flaring, targets $2 billion investment

December 12, 2025

EIA projects slight drop in U.S. crude output for 2026 after years of growth

December 12, 2025

BW Energy makes strategic Angola entry with offshore block acquisitions

December 12, 2025

DeepOcean secures Equinor IMR contract extension through 2027

December 12, 2025

API praises House approval of bipartisan permitting reform bills

December 12, 2025

Harbour Energy expands North Sea footprint with $170 million Waldorf acquisition

December 12, 2025

bp delivers seventh major 2025 startup with Atlantis Drill Center 1 expansion

December 11, 2025

Johan Castberg hub expands: Equinor invests in 46 MMbbl Isflak development

December 11, 2025

SLB, Shell partner to accelerate digital and AI solutions in upstream operations

December 11, 2025

Brazil output rebounds despite November decline from Buzios platform shutdowns

December 11, 2025

Major gas discovery in Egypt’s Nile Delta strengthens Dana Gas’ $100 million drilling program

December 11, 2025

Chevron awards TechnipFMC major subsea contract for Gorgon Stage 3

December 11, 2025
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