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.

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.

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.

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