An oil exploration permit granted to a Chinese company threatens the ecosystem of Congo's Conkouati-Douli National Park, sparking strong opposition from NGOs.
An oil exploration permit granted to a Chinese company threatens the ecosystem of Congo's Conkouati-Douli National Park, sparking strong opposition from NGOs.
Ecuador is facing an almost 11% increase in the price of gasoline, a decision likely to provoke further protests in a country where fuel subsidies are a highly sensitive issue.
Ecuador is facing an almost 11% increase in the price of gasoline, a decision likely to provoke further protests in a country where fuel subsidies are a highly sensitive issue.
China, the world's largest importer of crude oil, has had a mixed start to the year. In May, it increased its inventories by over one million barrels per day (bpd), with imports far outstripping the low volumes processed by refineries.
China, the world's largest importer of crude oil, has had a mixed start to the year. In May, it increased its inventories by over one million barrels per day (bpd), with imports far outstripping the low volumes processed by refineries.
Petrobras announces a new management team with seasoned experts in state-owned enterprises, aimed at accelerating investment and stimulating the Brazilian economy.
Petrobras announces a new management team with seasoned experts in state-owned enterprises, aimed at accelerating investment and stimulating the Brazilian economy.
Venezuelan Oil Minister Pedro Tellechea calls on a US federal court to halt the Citgo auction, underlining the strategic importance of this asset for Venezuela.
Venezuelan Oil Minister Pedro Tellechea calls on a US federal court to halt the Citgo auction, underlining the strategic importance of this asset for Venezuela.
Brazilian President Lula defends offshore oil exploration near the mouth of the Amazon, despite opposition from environmentalists and his own Environment Minister.
Brazilian President Lula defends offshore oil exploration near the mouth of the Amazon, despite opposition from environmentalists and his own Environment Minister.
The oil and gas industry is integrating generative artificial intelligence (AI) to improve operational efficiency, regulatory compliance and carbon footprint reduction.
The oil and gas industry is integrating generative artificial intelligence (AI) to improve operational efficiency, regulatory compliance and carbon footprint reduction.
Global oil production could exceed demand by 8 million barrels per day by 2030, according to the IEA. This situation is attributed to a combination of rising production and energy transition, which poses challenges for the oil industry.
Global oil production could exceed demand by 8 million barrels per day by 2030, according to the IEA. This situation is attributed to a combination of rising production and energy transition, which poses challenges for the oil industry.
Noble Corporation plc announces the acquisition of Diamond Offshore Drilling, Inc. in a transaction valued at $1.9 billion, strengthening its position in the offshore drilling sector.
Noble Corporation plc announces the acquisition of Diamond Offshore Drilling, Inc. in a transaction valued at $1.9 billion, strengthening its position in the offshore drilling sector.
Baker Hughes will provide integrated solutions in Brazil's offshore pre-salt and post-salt fields for Petrobras, marking a significant step forward in optimizing performance and localizing operations.
Baker Hughes will provide integrated solutions in Brazil's offshore pre-salt and post-salt fields for Petrobras, marking a significant step forward in optimizing performance and localizing operations.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Azerbaijan and Kazakhstan are discussing a significant increase in the transit of Kazakh oil via Azerbaijan, aiming to reach 7 million tonnes. This initiative aims to diversify Kazakhstan's oil export routes, thereby reducing its dependence on Russia.
Azerbaijan and Kazakhstan are discussing a significant increase in the transit of Kazakh oil via Azerbaijan, aiming to reach 7 million tonnes. This initiative aims to diversify Kazakhstan's oil export routes, thereby reducing its dependence on Russia.
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
British oil and energy services group Petrofac has seen a spectacular jump in its share price after its suspension from listing was lifted, despite a heavier annual net loss.
British oil and energy services group Petrofac has seen a spectacular jump in its share price after its suspension from listing was lifted, despite a heavier annual net loss.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
The South African Court of Appeal overturns an earlier decision, allowing Shell and other oil companies to resume offshore exploration on the Wild Coast, subject to further public consultation.
The South African Court of Appeal overturns an earlier decision, allowing Shell and other oil companies to resume offshore exploration on the Wild Coast, subject to further public consultation.
