The disruption on the Druzhba pipeline, connecting Poland to Germany, halts 20% of Germany’s Kazakh oil supply, with a resumption expected by year-end.
The disruption on the Druzhba pipeline, connecting Poland to Germany, halts 20% of Germany’s Kazakh oil supply, with a resumption expected by year-end.
Amid geopolitical volatility and oversupply, OPEC+ must navigate critical decisions to stabilize oil prices while preserving market share against hesitant demand.
Amid geopolitical volatility and oversupply, OPEC+ must navigate critical decisions to stabilize oil prices while preserving market share against hesitant demand.
CNOOC initiates a new oil project in Bohai Bay, targeting a maximum production of 9,700 barrels per day by 2026, leveraging existing infrastructure to reduce costs and improve efficiency.
CNOOC initiates a new oil project in Bohai Bay, targeting a maximum production of 9,700 barrels per day by 2026, leveraging existing infrastructure to reduce costs and improve efficiency.
ExxonMobil Guyana completes the purchase of the FPSO Liza Destiny from SBM Offshore for 535 million USD, strengthening its strategy in the oil industry in Guyana.
ExxonMobil Guyana completes the purchase of the FPSO Liza Destiny from SBM Offshore for 535 million USD, strengthening its strategy in the oil industry in Guyana.
TAG Oil announces progress at its BED-1 site in Egypt, with stable production, new drilling planned for 2025, and a partnership strategy to optimize operations.
TAG Oil announces progress at its BED-1 site in Egypt, with stable production, new drilling planned for 2025, and a partnership strategy to optimize operations.
A Carbon Tracker study reveals that major global oil and gas players are struggling to align their strategies with the Paris Agreement, despite increasing risks related to energy transition and regulations.
A Carbon Tracker study reveals that major global oil and gas players are struggling to align their strategies with the Paris Agreement, despite increasing risks related to energy transition and regulations.
U.S. crude oil reserves decreased by 900,000 barrels, a smaller reduction than the anticipated 1.7 million barrels. Rising exports and a slowdown in refinery activity explain this discrepancy.
U.S. crude oil reserves decreased by 900,000 barrels, a smaller reduction than the anticipated 1.7 million barrels. Rising exports and a slowdown in refinery activity explain this discrepancy.
Seismic analyses confirm a promising oil potential in Namibia's onshore Owambo Basin. Independent explorer Monitor Exploration Ltd is preparing a strategic plan to exploit these resources starting in 2025.
Seismic analyses confirm a promising oil potential in Namibia's onshore Owambo Basin. Independent explorer Monitor Exploration Ltd is preparing a strategic plan to exploit these resources starting in 2025.
Shell Offshore Inc. has confirmed Phase 3 of the Silvertip project, aimed at increasing oil production at Perdido in the Gulf of Mexico through two new wells. This initiative reflects its commitment to low-carbon energy production.
Shell Offshore Inc. has confirmed Phase 3 of the Silvertip project, aimed at increasing oil production at Perdido in the Gulf of Mexico through two new wells. This initiative reflects its commitment to low-carbon energy production.
