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Oil & Gas Trade
Texas Gulflink Deepwater Port Secures Marad Approval After Multi-Year Review
Sentinel Midstream's Texas GulfLink deepwater crude oil export terminal has received approval from the U.S. Department of Transportation's Maritime Admi…
Crude Oil
Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
A crude oil tanker.Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch o…
Oil Field
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal
A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 23, 2019.Two large earthquakes th…
Oil Price
Oil Inches up on Kazakhstan Supply Disruption
An oil pumpjack is seen in Lagunillas, Venezuela January 29, 2019.Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a dro…
Crude Oil
SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025
This year, the Heydar Aliyev Oil Refinery is projected to produce 1.7 million tons of Euro-5 standard gasoline, according to the State Oil Company of Azerbaijan…
Oil&Gas Drilling
OPEC Reports Decline in Kazakhstan’s Oil Output for Jan. 2025
Kazakhstan’s crude oil production in January 2025 was estimated at 1.53 million barrels per day (mb/d), according to OPEC’s latest report, Trend rep…
Crude Oil
Nigerian Oil Firm Secures $200 Million for Domestic Gas Expansion
A Nigerian oil and gas company, NESGAS Limited, yesterday, said the signing of a $200 million contractor financing agreement with Cakasa Nigeria Limited for the…
Crude Oil
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Storage tanks at the Port of Rotterdam in Rotterdam, Netherlands.Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to str…
Coal Mine
Drilling on a New Swath of Ultra-Deep Oil Wells in Taklamakan Desert, Starts After Holiday
Photo taken on July 7, 2017, shows Keshen 605 well at the Tarim Oilfield in Aksu, northwest China's Xinjiang Uygur Autonomous Region.Drilling on a new swath…
Crude Oil
EIA Confirms Turkmenistan’s Rising Oil Reserves
Turkmenistan continues to strengthen its position as a key energy producer, with proven oil reserves reaching 600 million barrels as of January 1, 2025, accordi…
Crude Oil
Oil Giant Chevron Plans to Lay off 20% of Workers in Cost-Cutting Push
Chevron employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employeesChevron plans to cut its global workforce by…
Crude Oil
Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises
An Exxon gas station seen in Washington, U.S., November 26, 2024.A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for it…
Crude Oil
China National Petroleum Resumes Crude Production in South Sudan
Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said.Th…
Crude Oil
Libya’s NOC Unveils Self-Reliance
Strategic shift focuses on homegrown technologiesThe National Oil Corporation (NOC) unveiled its 2025 strategic plan on Wednesday, prioritising increased oil pr…
Crude Oil
Four Giant Oil & Gas Projects Line up for Start-up in 2025 Offshore Norway With More on the Cards
Norwegian oil and gas player Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s …
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