IEA lowers its oil demand growth forecast for 2026 Simón González · February 15, 2026 The agency estimates growth of only 850,000 barrels per day driven by developing economies.
Petrobras exceeds 3 million barrels per day driven by the pre-salt Ruth Arteaga. · February 15, 2026 Brazilian oil company achieves its best performance in a decade with record-breaking total production and 175% reserve replenishment rate
PTTEP Sarawak Oil approves FID for SK405B project in Malaysia Joshua Falcón. · February 14, 2026 The SK405B IDF sets production in 2028 at 15,000 barrels per day and zero flaring.
Harbour Energy secures acquisition of LLOG for US$3.2 billion Joshua Falcón. · February 14, 2026 The acquisition strengthens Harbour Energy's position in the U.S. offshore market and balances its geographic exposure.
Petrobras’ P-79 FPSO platform arrives at Búzios field in Santos Joshua Falcón. · February 14, 2026 Through this tactic, efficient training of the team is also achieved, thus accelerating the start of production.
New OFAC licenses enable oil investment in Venezuela Simón González · February 13, 2026 Washington authorizes contingent contracts and energy operations under strict conditions.
Russia to send Russian oil to Cuba in the midst of energy crisis Simón González · February 13, 2026 The Russian government will send oil and petroleum products to Cuba as humanitarian aid in the face of fuel shortages on the island.
EnQuest wins Cendramas PSC partnership in Malaysia Joshua Falcón. · February 13, 2026 The LOA will become effective on September 23, 2026, following the signing of the Joint Operating Agreement and the PSC.
Aramco sets goal of 75% local content by 2030 Ruth Arteaga. · February 13, 2026 The target of 75% localization by 2030 positions Aramco as the hub of Saudi industrialization.
PETRONAS Carigali adjusts Sabah stake and strengthens alliance with SMJ Energy Ruth Arteaga. · February 13, 2026 State-owned SMJ Energy takes 20% of the North Sabah block, strengthening its presence in East Malaysia's offshore resources.