OTC Asia 2026

Petrochemicals

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...

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...

Equinor Reports Two New Discoveries in The North Sea Fields

Gases
Equinor has announced two hydrocarbon finds on the Norwegian continental shelf, reporting oil in the Troll area and gas and condensate in the Sleipner...

U.S. Undiscovered Offshore Reserves Hold a Century Of Supply

Drilling
The Bureau of Ocean Energy Management (BOEM) has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, offering a detailed evaluation of...

Oil Dips Amid Hopes of De-escalation in the Middle East

Downstream
Oil prices fell sharply as hopes for de-escalation in the Middle East eased fears of supply disruptions following earlier geopolitical tensions. Oil prices fell 7%...

Eni, Nigeria Split OPL 245 Oil Block Into Deepwater Licenses

Africa
Nigerian President Bola Ahmed Tinubu held talks in Abuja with Claudio Descalzi, Chief Executive Officer of Eni, focusing on the company’s operations in the...

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White Papers

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Enterprise SSD: More Than Just a New Kind of Hard Drive

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Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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