China's CNOOC has discovered a high-yield oil and gas well in ultra-deep volcanic formations in the Bohai Sea, with testing showing natural gas flow of approximately 800,000 cubic meters (28 million cubic feet) per day.The well, located in central Bohai near the Bozhong Sag, encountered more than 120 metres of cumulative gas pay in volcanic formations and was completed at a depth of 5
Vietnam-Russia joint venture Vietsovpetro has started commercial oil production from the BK-26 platform at the Bach Ho field in Block 09-1, bringing the facility online 36 days ahead of schedule.
A fire that broke out on a platform at Iran's South Pars gas field, the world's largest offshore natural gas field, was contained on Tuesday, the semi-official Fars news agency reported
Murphy Oil Corporation has secured six offshore exploration licenses in Israel's Zone G, marking the company's entry into the Eastern Mediterranean.
VAALCO Energy has secured government approval to advance exploration at its operated CI-705 block offshore Côte d'Ivoire, with plans to drill an exploration well by the end of 2028.
Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran "at this point
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