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Crude Oil
Turkiye’s Daily Oil Production Reaches 132,000 Barrels
Turkiye significantly increased its domestic oil production, reaching a daily output of 132,000 barrels as of March, Turkish Energy and Natural Resources Minist…
Biofuel
The End of Cheap Palm Oil? Output Stalls as Biodiesel Demand Surges
Prices of cooking oil could be buoyed up for years by stagnating production and a biodiesel push in top producer Indonesia that are making traditionally cheap p…
Crude Oil
Mexico President Says Problems With Salt Content in Crude Oil Solved
Mexican President Claudia Sheinbaum said on Thursday that problems with a higher-than-usual content of salt in the crude oil that state energy company Pemex pum…
Oil Field
CNOOC Achieves Major Breakthrough in Exploration of Buried Hills in Beibu Gulf Basin
CNOOC Limited (the Company, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the explora…
Nuclear waste
Supreme Court Wrestles With US Agency’s Nuclear Waste Storage Licensing Power
The U.S. Supreme Court grappled on Wednesday over whether the Nuclear Regulatory Commission has the authority to license certain nuclear waste storage facilitie…
LNG
US Approves LNG Export Extension for Golden Pass
The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly ow…
Biofuel
Renova Delays 50-MW Biomass Plant’s Start Again
Renova Inc. has once again moved the commencement date of its 49.9-MW Karatsu Biomass Power Plant from March to September to give more time for adjustments to t…
Oil & Gas Trade
US Orders Wind down of Chevron’s Oil Exports From Venezuela
The Trump administration said on Tuesday it was ending a license that the U.S. had granted to oil producer Chevron (CVX.N),since 2022 to operate in Venezuela an…
LNG
New Fortress Energy Posts Quarterly Loss Amid Lower LNG Export Prices
U.S. LNG firm New Fortress Energy (NFE.O),posted a loss in the fourth quarter on Monday, hurt by weaker performance in its ships as well as terminals and infras…
Oil & Gas Trade
Finland to Release Oil Tanker Suspected of Power Cable Breach
Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel…
Oil & Gas Trade
Congress Kills Biden Era Methane Fee on Oil, Gas Producers
On February 27, 2025, the U.S. Senate voted to approve a resolution reversing a Biden administration policy that introduced a fee on methane emissions. This dec…
Oil Price
Oil Prices Climb From 2-Month Lows as Trump Axes Chevron’s Venezuela License
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024.Oil prices rose slightly on Thursday, recovering from tw…
Hydrogen Project
NZTC Takes Its Flagship Offshore Hydrogen Project to the Next Phase
The HOP2 project, spearheaded by Net Zero Technology Centre (NZTC), is advancing into its second phase with a focus on feasibility studies and design work. This…
Oil&Gas Drilling
Algeria’s Sonatrach, China’s Sinopec Sign $850 Million Contract for Hydrocarbon Development, Exploratio
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 20, 2019.On Tuesday, February 25, 2025, Algeria&rsqu…
Natural Gas
Chevron and Partners Seek Additional Capacity Boost at Mediterranean Gas Field
Chevron, a U.S.-based company, along with its partners, has presented an updated reservoir development plan to the Petroleum Commissioner at Israel’s Ministry …
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