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The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.
ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
The closure of Sinochem's third refinery in Shandong underscores the economic difficulties associated with rising crude costs and weak demand for refined fuel.
The closure of Sinochem's third refinery in Shandong underscores the economic difficulties associated with rising crude costs and weak demand for refined fuel.
The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
Since January, Ukraine has been targeting Russian refineries to destabilize the economy and military supplies. Despite some interruptions, the overall impact remains under control, and repairs are proceeding rapidly.
Since January, Ukraine has been targeting Russian refineries to destabilize the economy and military supplies. Despite some interruptions, the overall impact remains under control, and repairs are proceeding rapidly.
This summer, diesel exports from the US Gulf Coast reached record levels, with unprecedented volumes headed for Europe and Latin America, supported by competitive freight rates and increased production.
This summer, diesel exports from the US Gulf Coast reached record levels, with unprecedented volumes headed for Europe and Latin America, supported by competitive freight rates and increased production.
Bridge Energies is defending the extension of its boreholes in Seine-et-Marne to finance alternative energy projects, despite opposition linked to the risks to drinking water.
Bridge Energies is defending the extension of its boreholes in Seine-et-Marne to finance alternative energy projects, despite opposition linked to the risks to drinking water.
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics. This situation raises crucial questions about the future of the global energy sector.
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics. This situation raises crucial questions about the future of the global energy sector.
CNOOC Limited launches production from the Liuhua 11-1/4-1 oil field, a major breakthrough in the China Sea. This innovative project, combining technology and sustainability, promises to transform Asia's energy landscape while addressing contemporary environmental challenges.
CNOOC Limited launches production from the Liuhua 11-1/4-1 oil field, a major breakthrough in the China Sea. This innovative project, combining technology and sustainability, promises to transform Asia's energy landscape while addressing contemporary environmental challenges.
Russian oil exports could rise in October, despite internal challenges related to refining capacity. This dynamic raises questions about the potential impact on the global market and the country's energy policy.
Russian oil exports could rise in October, despite internal challenges related to refining capacity. This dynamic raises questions about the potential impact on the global market and the country's energy policy.

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