QatarEnergy broadens its oil & gas footprint in Uruguay and Eastern Mediterranean
QatarEnergy is strategically expanding its global upstream portfolio, securing new exploration acreage off the coast of Uruguay while simultaneously strengthening its presence in the Eastern Mediterranean gas sector through a new cooperation agreement. This dual expansion underscores the state-owned giant's long-term commitment to diversifying its energy assets and securing future supply chains.
Offshore Energy · May 25, 2026
Sinopec Boosts China's Shale Oil Output
Sinopec's Jiyang shale oil base in Shandong province has increased production, contributing to China's overall shale oil output. This development is significant as China, the world's largest crude oil importer, aims to enhance its energy security by increasing domestic production.
OilPrice · May 25, 2026