The Iraqi Minister of Oil, Hayan Abdul Ghani, stated that the country is resuming exporting oil through the Turkish Ceyhan pipeline on August 6 or 7.
This came during the opening of several development and rehabilitation projects at oil stations in Kirkuk region.
He elaborated that the initial volume of exports amounted to 80,000 barrels per day (bbl/d), after the agreement with the Kurdistan region.
Halliburton, one of the world’s leading providers of technology products and services, has awarded a contract to supply completions and downhole monitoring services for the carbon capture and storage (CCS) system of Northern Endurance Partnership (NEP) in northeast England’s East Coast Cluster (ECC),—one of the UK’s flagship CCS projects.
The National Oil Corporation (NOC), along with the major international oil company ExxonMobil, signed a new Memorandum of Understanding (MoU) after a decade of halt. Under the MoU, ExxonMobil will conduct a detailed technical study of four Libyan offshore blocks located near the northwest coast and the Sirte Basin to identify the resources of hydrocarbons there.
Saudi Aramco, one of the world's leading integrated energy and chemicals companies, reported a half-year adjusted net income of $50.9 billion, with a net income of $24.5 billion for the second quarter. The figures came in its financial results for the first half of 2025.
ADNOC Gas, a world-class integrated gas processing and sales company, has signed an a 10-year-term agreement with the Indian key energy player, Hindustan Petroleum Corporation Limited (HPCL) to supply it with 0.5 million metric tons per annum (mmtpa) of liquefied natural gas (LNG).
The eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady global economic outlook and current healthy market fundamentals.
OPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September.
Two sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump's warnings to impose more penalties, Reuters reported.
The sources confirmed that there is no change in the country's plans for oil purchases, attributing this to the long-term contracts it has signed. They also noted that India receives the oil at lower prices than those determined by the European Union (EU). They also elaborated that this helps keep oil prices without increases.
Shell, the British oil giant, recorded $11.937 billion in Cash Flows
From Operations (CFFO) in the first quarter of 2025, compared $9.281 billion in the same quarter of 2024," reflecting strong operational performance in a less favourable macro environment," according to a Shell statement. .
Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar announced that the country will start to transport natural gas from Azerbaijan to Aleppo in Syria to boost electricity grid in the latter. The minister explained that the natural gas will be exported via Kilis to Syria with Qatar financial assistant.in as cooperation with Qatar in the operation. He noted that the daily supply will allow enlightening Northern Syria from 3-4 hours to 10 hours per day.
