Brazilian state oil company Petrobras has received a licence to drill for oil near the mouth of the Amazon River, a decision that has alarmed environmentalists ahead of the UN climate talks (COP30) in Belem next month.

The number of active oil and gas drilling rigs in the United States declined once again this week, according to new data released by Baker Hughes on Friday.

The number of Türkiye's deep-sea drilling ships will increase from four to six, President Recep Tayyip Erdogan announced on Thursday, adding that with the addition of new vessels, Türkiye will rise to 4th place in the world in terms of deep-sea fleet.

On Friday, Iran’s oil minister issued a directive to resume petroleum exploration in the Caspian Sea, marking the first such initiative in nearly 30 years.

BP has announced plans to drill 19 wells in the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijan sector of the Caspian basin this year.

The state of Alaska has filed a lawsuit against the Biden administration, claiming violations of a Congressional directive that mandates oil and gas development in a section of the federal Arctic National Wildlife Refuge (ANWR).

U.S. President Joe Biden is set to impose a ban on new offshore oil and gas development along most U.S. coastlines, a move that could pose challenges for President-elect Donald Trump, who has pledged to expand domestic energy production.

Kazakhstan's Kazakhturkmunai (a 100% subsidiary of KazMunaiGas - KMG) has started drilling the first exploration well at the Karazhar subsoil site, News.az reports citing KazMunaiGas.

Malaysia will persist with its oil drilling activities within its territory despite China's request to cease exploration.