OTC Asia 2026

Petrochemicals

Seatrium Achieves First Gas Injection for Petrobras P-78

America
Seatrium Limited,  on 11th March 2026, announced the successful first gas injection for the PETROBRAS 78 (“P-78”) on 2 March 2026. The achievement came...

U.S. Issues 30-day Sanctions Waiver for Russian Oil at Sea

News
The United States of America has introduced a 30-day sanctions waiver allowing countries to purchase sanctioned Russian oil and petroleum products that are currently...

China Imposes Ban on March Fuel Exports Amid Oil Disruption

Asia Pacific
China has introduced a ban on March fuel exports as authorities move to prevent a potential domestic fuel shortage linked to the U.S.-Israeli war...

U.S. to Release 172 Million Barrels of Oil to Calm Market

America
The U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve, a step aimed at easing energy costs as the Iran...

IEA Announces Largest Oil Stock Release Amid Mideast War

News
The 32 Member countries of the International Energy Agency (IEA) agreed unanimously on 11th March 2026 to place 400 million barrels of oil from...

OMV Petrom Joins Black Sea Exploration Project Consortium

Europe
OMV Petrom, the largest integrated energy producer in Southeast Europe, has joined the exploration consortium developing the Han Tervel offshore block in the Bulgarian...

Woodside Energy Launches Trion Drilling Campaign with PEMEX

America
Woodside Energy, together with Petróleos Mexicanos (PEMEX), has begun the Trion drilling campaign at the Trion Field in the ultra-deep waters of the Gulf...

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