Halliburton has launched the Xaminer® Deep Testing logging service, the latest addition to its Reservoir Xaminer™ formation testing portfolio, aimed at enhancing early-stage reservoir evaluation and decision-making.
The Xaminer Deep Testing logging service allows operators, in a single run, to identify fluids and reservoir boundaries, assess connectivity, and evaluate overall reservoir potential ahead of full-scale testing.
The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude, to lapse
The UAE will accelerate construction of a new oil pipeline to the port of Fujairah, aiming to double export capacity by 2027, according to the Abu Dhabi Media Office. Crown Prince Sheikh Khaled bin Mohamed bin Zayed directed Abu Dhabi National Oil Company (ADNOC), UAE state-owned energy company, to fast-track the West-East Pipeline project, which is already under construction and expected to begin operations next year.
Libya’s National Oil Corporation (NOC) has signed a final agreement with Trasta Company, officially ending their long-running partnership in the Libyan Emirates Oil Refining Company (LERCO) after more than a decade of legal and arbitration disputes, paving the way for the Ras Lanuf refinery and petrochemical complex to return to full Libyan ownership and management.
OPEC reduced its forecast for global oil demand growth in 2026, citing the impact of the ongoing war in Iran that has effectively shut the Strait of Hormuz, a critical global oil transit route. The closure has curtailed millions of barrels of Middle East supply, driving fuel prices higher and prompting governments to adopt conservation measures.
Global oil supply is expected to fall short of demand this year, as the war in Iran severely disrupts Middle East production, Reuters reported citing the International Energy Agency’s (IEA) monthly oil market report.
This comes as global supply in 2026 is projected to fall short of demand by 1.78 million barrels per day (b/d), overturning last month’s forecast of a 410,000 b/d surplus and December’s estimate of nearly 4 million b/d in excess supply.
The Abu Dhabi-listed ADNOC Drilling Company is ready to boost the United Arab Emirates’ (UAE) oil production capacity beyond the planned 5 million barrels per day (b/d) by 2027, should official approval be granted, the company’s CFO, Youssef Salem, told Reuters.
TotalEnergies, alongside partners QatarEnergy and ConocoPhillips, has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) to evaluate Block 3 offshore Syria in the Mediterranean Sea.
India has declined to receive liquefied natural gas (LNG) from Russia’s Portovaya plant in the Baltic Sea, which is subject to US sanctions, leaving a tanker bound for India in limbo as talks continue over permitted cargoes, industry sources told Reuters. The decision comes despite tightened LNG supply conditions driven by Middle East tensions.
The move underscores India’s effort to balance energy security with compliance risks, as sanctioned LNG cargoes are harder to disguise than crude shipments. One source noted the vessel had signaled India as its destination in mid‑April, though paperwork suggested the cargo was non‑Russian. Tracking data later confirmed its origin from Portovaya.
Syria has designated an offshore block for its first deep-water oil and gas exploration project, in partnership with Chevron, the US energy major and UCC Holding, Qatari construction conglomerat, according to the Syrian Petroleum Company (SPC).
