We previously reported that global upstream operators will cut investment for the second consecutive year in 2026, with capital spending expected to fall at least 2% to 3% year-on-year, and more than 5% compared to 2024 levels, as the industry navigates oil prices below $60 a barrel while maintaining focus on long-term resilience. Still, Wood…
The discoveries of biblical archeology in 2025 paint a vivid picture of a rich, interconnected world whose traces resonate across millennia, in stone and text. The ongoing excavations at the Church of the Holy Sepulcher in Jerusalem, believed to have been built over the site of Jesus’ crucifixion and burial, continue to offer a glimpse…
The West’s push to rebuild its influence in Mesopotamia, the geographic and geopolitical heart of the Middle East, has entered a new phase in recent months, with many major American and European oil and gas companies returning to Iraq after a long hiatus. The key objective is to break the long-standing bond between Iran and…
BAGHDAD (AP) — Iraq is weeks away from parliamentary elections that will shape the country’s course during one of the Middle East’s most sensitive moments in years. While the ceasefire in Gaza may have calmed regional tensions, fears of another round of conflict between Israel and Iraq’s neighbor Iran remain. Iraq managed to stay out…
Iraq’s Khor Mor gas field, the country’s largest non-associated gas field, will increase production by 50% to 750 million standard cubic feet per day (MMscf/d) after the field’s key stakeholders, Crescent Petroleum and Dana Gas, delivered the KM250 project eight months ahead of schedule. KM250 will also produce 7,000 barrels of condensate per day and…
By Phil Stewart Washington (Reuters) -The Pentagon promised in a statement on Tuesday to reduce her military mission in Iraq, a process that a US official said will see Baghdad’s command efforts to combat the remains of the Islamic State within her own country. According to the Plan, the United States and its coalition allies…
By Florence so Singapore oil prices (Reuters) fell almost 1% on Monday after the Kurdistan region of Iraq resumed exports of crude oil through Turkey during the weekend and, as OPEC+ plans another increase in oil production in November, which adds to global supplies. Brent Crude Futures fell 63 cents, or 0.90%, at $ 69.50…
