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The U.S. will buy 1 million barrels of domestic crude for strategic reserves, with delivery in late 2025–early 2026.
The U.S. Department of Energy will buy one million barrels of domestically sourced crude oil for the Strategic Petroleum Reserve, part of a replenishment effort after a major drawdown, with delivery set for late 2025 and early 2026.
The $171 million purchase, authorized under a 2017 tax law, is limited to U.S. companies or U.S. subsidiaries, and aims to strengthen energy security.
The move follows a temporary crude exchange with ExxonMobil to maintain Gulf Coast fuel supplies.
Meanwhile, Saipem secured new offshore contracts worth up to $135 million in West Africa, the Mediterranean, and Indonesia, including work for Eni and ExxonMobil.
Galp Energia is close to finalizing a deal to sell a 40% stake in its Namibian Mopane field to a major oil company, which would become operator, with production expected by 2031 or 2032.
In Vietnam, Pharos Energy began a six-well drilling program to boost output in the Te Giac Trang and Ca Nu Vang fields, with all wells expected by mid-2026 and potential for immediate production.
Los EE.UU. comprarán 1 millón de barriles de crudo doméstico para reservas estratégicas, con entrega a finales de 2025 - principios de 2026.