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Crude Oil
Oil & Gas
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 & Gas
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
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
Malaysia’s Petronas to ‘Rightsize’ Workforce to Ensure Survival, Reports Say
President and group CEO of Petronas, Tengku Muhammad Taufik attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023.Malaysia's state ener
Oil & Gas
Kazakhstan’s Ozenmunaigaz Targets Higher Oil Output in 2025
Ozenmunaigaz will increase oil production to 5.25 million tons in 2025.This became known during a working visit to the Mangystau region by the Chairman of the B
Oil & Gas
Chevron Says Fading U.S. Crude Growth Casts Pall on Port Projects
The tanker Eagle Seville discharges crude oil at the Port of Corpus Christi in Corpus Christi, Texas, U.S., as seen in this aerial photo taken on Monday, Dec. 2
Oil & Gas
China Aims for Stable Crude Oil Production Above 200M Tons in 2025
Workers perform their tasks at an oil platform in Daqing Oilfield in Daqing, northeast China's Heilongjiang Province, Nov. 25, 2024.China aims for stable cr
Oil & Gas
Chevron Accelerates Kazakh Oilfield Ramp-Up, Sources Say
Chevron logo is seen in this illustration taken, October 23, 2023.Chevron (CVX.N), is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources fam
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Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
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Crude Oil Futures Edge Up After IEA Report on Demand Outlook
