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Chevron and Exxon Mobil clash in arbitration over control of the Hess oil asset in Guyana, one of the world's largest oil discoveries.
Chevron and Exxon Mobil clash in arbitration over control of the Hess oil asset in Guyana, one of the world's largest oil discoveries.
Experts are calling for a serious debate on the exploitation of unconventional resources in Mexico, believing that neglecting this opportunity would be a major strategic error.
Experts are calling for a serious debate on the exploitation of unconventional resources in Mexico, believing that neglecting this opportunity would be a major strategic error.
The election of reformist Iranian President Masoud Pezeshkian has raised hopes of a normalization of oil flows to Asia, despite ongoing US sanctions.
The election of reformist Iranian President Masoud Pezeshkian has raised hopes of a normalization of oil flows to Asia, despite ongoing US sanctions.
U.S. crude oil inventories fell by 4.9 million barrels, far exceeding analysts' forecasts. This decrease reflects a continuing trend despite an increase in refined product reserves.
U.S. crude oil inventories fell by 4.9 million barrels, far exceeding analysts' forecasts. This decrease reflects a continuing trend despite an increase in refined product reserves.
ExxonMobil and its partners launch the Hammerhead project in Guyana, targeting production of 120,000 to 180,000 barrels per day and incorporating up to 30 wells.
ExxonMobil and its partners launch the Hammerhead project in Guyana, targeting production of 120,000 to 180,000 barrels per day and incorporating up to 30 wells.
Energy Transfer and Sunoco create a joint venture to optimize their crude oil and water gathering assets in the Permian Basin.
Energy Transfer and Sunoco create a joint venture to optimize their crude oil and water gathering assets in the Permian Basin.
Pakistan's largest refiner, Pak Arab Refinery (PARCO), received permission to export around 50,000 tonnes of fuel oil this week due to weak domestic demand.
Pakistan's largest refiner, Pak Arab Refinery (PARCO), received permission to export around 50,000 tonnes of fuel oil this week due to weak domestic demand.
Iraq acknowledged that it had produced 184,000 barrels per day (b/d) above its OPEC+ quota in June, and pledged to offset this surplus by September 2025 through further production cuts.
Iraq acknowledged that it had produced 184,000 barrels per day (b/d) above its OPEC+ quota in June, and pledged to offset this surplus by September 2025 through further production cuts.
CNOOC Limited announces a significant breakthrough in Bohai Bay, setting a new productivity record for natural gas in the region.
CNOOC Limited announces a significant breakthrough in Bohai Bay, setting a new productivity record for natural gas in the region.
Russia could reinstate the fuel export ban in August if shortages worsen, according to Deputy Prime Minister Alexander Novak.
Russia could reinstate the fuel export ban in August if shortages worsen, according to Deputy Prime Minister Alexander Novak.
ExxonMobil plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead, targeting production in 2029 with increased daily capacity.
ExxonMobil plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead, targeting production in 2029 with increased daily capacity.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
In June, OPEC+ oil production fell to its lowest level in 11 months, with Russia and Iraq leading the declines.
In June, OPEC+ oil production fell to its lowest level in 11 months, with Russia and Iraq leading the declines.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.

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