Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
Opec+ has reaffirmed its plan for a gradual increase in oil production starting from April 2025, a decision that has led to a drop in oil prices, particularly Brent. This strategy marks a shift in the cartel’s approach.
Opec+ has reaffirmed its plan for a gradual increase in oil production starting from April 2025, a decision that has led to a drop in oil prices, particularly Brent. This strategy marks a shift in the cartel’s approach.
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.
VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
Despite major withdrawals, Chevron remains committed to deepwater exploration in Nigeria, with expansion projects aimed at boosting its offshore production in the coming years.
Despite major withdrawals, Chevron remains committed to deepwater exploration in Nigeria, with expansion projects aimed at boosting its offshore production in the coming years.
