Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
Athabasca Oil obtains TSX approval to repurchase up to 50.4 million common shares, reflecting a clear strategy of redistributing liquidity to shareholders, fully funded by its available free cash flow in 2025.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.
The U.S. Environmental Protection Agency (EPA) has announced it will reconsider the rule limiting CO2 emissions from power plants. This decision is part of the Trump administration's continued deregulatory agenda.
The U.S. Environmental Protection Agency (EPA) has announced it will reconsider the rule limiting CO2 emissions from power plants. This decision is part of the Trump administration's continued deregulatory agenda.
After ten years of interruption due to internal conflicts, Libya has restarted production at the Mabruk field. This resumption aims to support the national economy by increasing the country's oil production capacity.
After ten years of interruption due to internal conflicts, Libya has restarted production at the Mabruk field. This resumption aims to support the national economy by increasing the country's oil production capacity.
China's oil demand for fuels saw a slight decline in 2024, signaling the end of a decade of sustained growth as the country shifts its economy and transportation systems.
China's oil demand for fuels saw a slight decline in 2024, signaling the end of a decade of sustained growth as the country shifts its economy and transportation systems.
At the CERAWeek conference in Houston, the leaders of major oil companies confirmed a strategic shift towards oil and gas, prioritising profitability and energy supply amid uncertainties in the renewable energy market.
At the CERAWeek conference in Houston, the leaders of major oil companies confirmed a strategic shift towards oil and gas, prioritising profitability and energy supply amid uncertainties in the renewable energy market.
Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
