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The Ugandan government plans to entrust exclusive rights for the supply of petroleum products to a subsidiary of the global energy trader Vitol, putting an end to a system that used to involve neighboring Kenya for the import of these products.
The Ugandan government plans to entrust exclusive rights for the supply of petroleum products to a subsidiary of the global energy trader Vitol, putting an end to a system that used to involve neighboring Kenya for the import of these products.
Oil prices rose after the US Federal Reserve decided to keep interest rates unchanged, which could boost demand for oil in the US.
Oil prices rose after the US Federal Reserve decided to keep interest rates unchanged, which could boost demand for oil in the US.
A consortium led by McDermott and Petrovietnam Technical Services Corporation (PTSC) wins a major contract for the Block B gas development project, off the southwest coast of Vietnam.
A consortium led by McDermott and Petrovietnam Technical Services Corporation (PTSC) wins a major contract for the Block B gas development project, off the southwest coast of Vietnam.
Oil prices continue to rise due to geopolitical tensions in the Middle East, despite easing fears of a wider conflict.
Oil prices continue to rise due to geopolitical tensions in the Middle East, despite easing fears of a wider conflict.
Yemen's growing geopolitical significance on world oil markets is raising concerns about the stability of oil transport and energy infrastructure.
Yemen's growing geopolitical significance on world oil markets is raising concerns about the stability of oil transport and energy infrastructure.
Chevron Australia announced on October 30 that it had won majority support for its proposed enterprise agreements with employees at its Gorgon and Wheatstone LNG facilities following a vote that closed over the weekend.
Chevron Australia announced on October 30 that it had won majority support for its proposed enterprise agreements with employees at its Gorgon and Wheatstone LNG facilities following a vote that closed over the weekend.
The UK government has awarded 27 new hydrocarbon exploration and drilling licenses in the North Sea, a decision that has drawn criticism from environmental NGOs and raised questions about the country's commitment to climate change.
The UK government has awarded 27 new hydrocarbon exploration and drilling licenses in the North Sea, a decision that has drawn criticism from environmental NGOs and raised questions about the country's commitment to climate change.
The European Union is making progress towards energy independence from Russia, but remains aware of the vulnerability of its energy markets, as stated in its annual Energy Union 2023 report.
The European Union is making progress towards energy independence from Russia, but remains aware of the vulnerability of its energy markets, as stated in its annual Energy Union 2023 report.
U.S. crude oil and gasoline inventories rose unexpectedly, impacting oil markets, due to factors such as lower refinery utilization rates and lower crude exports, despite slightly lower gasoline demand.
U.S. crude oil and gasoline inventories rose unexpectedly, impacting oil markets, due to factors such as lower refinery utilization rates and lower crude exports, despite slightly lower gasoline demand.
The move towards cleaner energy in Colombia is discussed, with assurances from Ecopetrol CEO Ricardo Roa that this does not mean the end of the oil industry.
The move towards cleaner energy in Colombia is discussed, with assurances from Ecopetrol CEO Ricardo Roa that this does not mean the end of the oil industry.
The oil and gas industry uses artificial intelligence to reduce methane emissions, highlighting Project Canary's role in continuous emissions monitoring.
The oil and gas industry uses artificial intelligence to reduce methane emissions, highlighting Project Canary's role in continuous emissions monitoring.
Growing demand for oil and gas services is forecast for 2024 and beyond, with long-term investments and technological advances reinforcing the sector's stability.
Growing demand for oil and gas services is forecast for 2024 and beyond, with long-term investments and technological advances reinforcing the sector's stability.
The IEA's revised oil demand forecasts are mainly due to the rapid adoption of electric vehicles.
The IEA's revised oil demand forecasts are mainly due to the rapid adoption of electric vehicles.
India Reduces Dependence on OPEC by Doubling Purchases of Russian Oil.
India Reduces Dependence on OPEC by Doubling Purchases of Russian Oil.
Analysis of the Biden administration's decision to ease sanctions on the Venezuelan oil sector and its implications for the global energy market and international players.
Analysis of the Biden administration's decision to ease sanctions on the Venezuelan oil sector and its implications for the global energy market and international players.
The unexpected reduction in US oil inventories is affecting the economy and energy markets.
The unexpected reduction in US oil inventories is affecting the economy and energy markets.
The US military build-up in the Middle East region in response to the escalating conflict between Israel, Hamas and Iran is affecting energy markets.
The US military build-up in the Middle East region in response to the escalating conflict between Israel, Hamas and Iran is affecting energy markets.
Russia's oil export revenues reached their highest level since July 2022 in September 2023 despite sanctions.
Russia's oil export revenues reached their highest level since July 2022 in September 2023 despite sanctions.
Oil prices rose following the IEA's monthly report, which warned of possible diesel shortages in Europe. The conflict between Hamas and Israel has had no direct impact on oil flows. Investors are awaiting data on US oil inventories for the previous week.
Oil prices rose following the IEA's monthly report, which warned of possible diesel shortages in Europe. The conflict between Hamas and Israel has had no direct impact on oil flows. Investors are awaiting data on US oil inventories for the previous week.
Black gold in constant demand. OPEC forecasts continued growth in global oil demand until 2045.
Black gold in constant demand. OPEC forecasts continued growth in global oil demand until 2045.
A historic merger reshapes the future of the US energy industry.
A historic merger reshapes the future of the US energy industry.
Examination of the appointment of Wopke Hoekstra, the new European Commissioner for Climate, raises concerns about his background in the oil industry. MEPs are preparing to vote on its confirmation, which will have a major impact on the EU's environmental direction in the run-up to COP28.
Examination of the appointment of Wopke Hoekstra, the new European Commissioner for Climate, raises concerns about his background in the oil industry. MEPs are preparing to vote on its confirmation, which will have a major impact on the EU's environmental direction in the run-up to COP28.
TotalEnergies plans to increase hydrocarbon production despite calls to reduce fossil fuels.
TotalEnergies plans to increase hydrocarbon production despite calls to reduce fossil fuels.
A controversial decision: UK grants permission for Rosebank oilfield development
A controversial decision: UK grants permission for Rosebank oilfield development
The Yasuni referendum in Ecuador marked a turning point in the debate over the country's oil industry, with a 58.95% majority in favor of halting oil production in the Yasuni-ITT reserve. This decision underlines the continuing tension between the oil industry and environmentalists, and could influence other South American countries.
The Yasuni referendum in Ecuador marked a turning point in the debate over the country's oil industry, with a 58.95% majority in favor of halting oil production in the Yasuni-ITT reserve. This decision underlines the continuing tension between the oil industry and environmentalists, and could influence other South American countries.
Strikes at Australian LNG facilities are pushing up natural gas prices in Europe, while oil prices remain high despite recent profit-taking, due to the extension of production restrictions by Saudi Arabia and Russia. Concerns about demand persist, not least because of the weakness of the Chinese economy.
Strikes at Australian LNG facilities are pushing up natural gas prices in Europe, while oil prices remain high despite recent profit-taking, due to the extension of production restrictions by Saudi Arabia and Russia. Concerns about demand persist, not least because of the weakness of the Chinese economy.

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