IEA predicts surplus in global oil market for 2026
The anticipated surplus would account for nearly 4% of global demand.
Production
Valaris secures $140m contract from bp for drilling in Egypt
Eni plans to launch Petronas gas joint venture in 2026
Iraq signs agreement with ExxonMobil for Majnoon oilfield development
Vår Energi boosts Gjøa field production with low-pressure project
QatarEnergy to acquire 27% interest in North Cleopatra block offshore Egypt
Iran’s IOOC signs two agreements for offshore drilling rigs
ExxonMobil to axe 2,000 jobs worldwide
