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Rhino Resources discovers oil reserves in Namibia’s offshore
Three months after expressing its oil ambitions in Namibia, Rhino Resources announced the discovery of reserves on block 2914 in the Orange offshore basin, a strategic development for the company.
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Rhino Resources discovers oil reserves in Namibia’s offshore
Three months after expressing its oil ambitions in Namibia, Rhino Resources announced the discovery of reserves on block 2914 in the Orange offshore basin, a strategic development for the company.
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Brazil Joins OPEC Charter and Positions Itself on the Global Energy Market
Brazil has officially joined the OPEC Charter, strengthening its position in the global energy sector while consolidating its place among influential producers.
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Brazil Joins OPEC Charter and Positions Itself on the Global Energy Market
Brazil has officially joined the OPEC Charter, strengthening its position in the global energy sector while consolidating its place among influential producers.
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Woodside revises upward the oil reserves of the Sangomar field
Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.
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Woodside revises upward the oil reserves of the Sangomar field
Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.
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Kazakhstan and Hungary Agree on Oil Exports via Druzhba Pipeline
An agreement was signed in February 2025 between Kazakhstan and Hungary to enhance oil exports from Kazakhstan via the Druzhba pipeline. This development could change the energy dynamics in Central Europe.
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Kazakhstan and Hungary Agree on Oil Exports via Druzhba Pipeline
An agreement was signed in February 2025 between Kazakhstan and Hungary to enhance oil exports from Kazakhstan via the Druzhba pipeline. This development could change the energy dynamics in Central Europe.
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Yemen’s Oil Minister Urges Iran to Halt Houthi Support as the Country Eyes Gas Exports Again
Yemen's Oil Minister, Saeed Suleiman al-Shamasi, recently urged Iran to stop supporting Houthi rebels, as the war-torn country seeks to revive its natural gas exports. This plea was made amid a dire energy crisis and a deteriorating geopolitical situation.
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Yemen’s Oil Minister Urges Iran to Halt Houthi Support as the Country Eyes Gas Exports Again
Yemen's Oil Minister, Saeed Suleiman al-Shamasi, recently urged Iran to stop supporting Houthi rebels, as the war-torn country seeks to revive its natural gas exports. This plea was made amid a dire energy crisis and a deteriorating geopolitical situation.
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Iraq Prepares to Resume Kurdish Oil Exports via Turkey
Baghdad announces an agreement with Erbil to restart the export of 300,000 barrels per day via the Turkish port of Ceyhan. A government delegation will travel to Iraqi Kurdistan to finalize the export mechanism after two years of suspension.
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Iraq Prepares to Resume Kurdish Oil Exports via Turkey
Baghdad announces an agreement with Erbil to restart the export of 300,000 barrels per day via the Turkish port of Ceyhan. A government delegation will travel to Iraqi Kurdistan to finalize the export mechanism after two years of suspension.
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Congo: The Fouta Refinery Set to Be Operational by the End of 2025
Congo is set to inaugurate its second oil refinery by the end of the year. Located in Fouta, this facility, developed by Beijing Fortune Dingheng Investment, aims to reduce refined product imports and strengthen the country's energy independence.
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Congo: The Fouta Refinery Set to Be Operational by the End of 2025
Congo is set to inaugurate its second oil refinery by the end of the year. Located in Fouta, this facility, developed by Beijing Fortune Dingheng Investment, aims to reduce refined product imports and strengthen the country's energy independence.
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CNOOC starts production of the Buzios7 project off the coast of Brazil
The Buzios7 project, located in the Santos Basin, has officially begun production. With advanced processing capacity, it contributes to the goal of one million barrels per day for one of the world's largest deepwater oil fields.
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CNOOC starts production of the Buzios7 project off the coast of Brazil
The Buzios7 project, located in the Santos Basin, has officially begun production. With advanced processing capacity, it contributes to the goal of one million barrels per day for one of the world's largest deepwater oil fields.
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Global Oil Demand to Rise Sharply in 2025, Says IEA
The International Energy Agency (IEA) forecasts an increase of 1.1 million barrels per day (mb/d) in 2025, driven by consumption in non-OECD countries. Global production is expected to follow an upward trend despite recent declines and market tensions.
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Global Oil Demand to Rise Sharply in 2025, Says IEA
The International Energy Agency (IEA) forecasts an increase of 1.1 million barrels per day (mb/d) in 2025, driven by consumption in non-OECD countries. Global production is expected to follow an upward trend despite recent declines and market tensions.
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Senegal launches oil refining with 90,000 tons produced
The Société Africaine de Raffinage (SAR) has announced that it has processed domestically extracted crude oil for the first time. This industrial milestone marks a strategic step in the local valorization of the country's energy resources.
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Senegal launches oil refining with 90,000 tons produced
The Société Africaine de Raffinage (SAR) has announced that it has processed domestically extracted crude oil for the first time. This industrial milestone marks a strategic step in the local valorization of the country's energy resources.
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Unexpected Increase in U.S. Oil Stocks: +4.1 Million Barrels
U.S. oil stocks increased by 4.1 million barrels last week, surpassing analysts' expectations, according to data from the U.S. Energy Information Administration (EIA).
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Unexpected Increase in U.S. Oil Stocks: +4.1 Million Barrels
U.S. oil stocks increased by 4.1 million barrels last week, surpassing analysts' expectations, according to data from the U.S. Energy Information Administration (EIA).
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OPEC Forecasts Oil Demand Increase in 2025, Driven by Transportation
OPEC anticipates a global consumption of 105.1 million barrels per day in 2025, driven by growth in transportation, particularly air and road traffic, with continuous growth expected until 2026.
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OPEC Forecasts Oil Demand Increase in 2025, Driven by Transportation
OPEC anticipates a global consumption of 105.1 million barrels per day in 2025, driven by growth in transportation, particularly air and road traffic, with continuous growth expected until 2026.
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Chevron Plans to Cut 15% to 20% of Its Workforce by 2026
Chevron announces a cost-cutting plan of $2 to $3 billion, resulting in the reduction of 15% to 20% of its workforce by 2026, aiming to simplify its organization and strengthen its long-term competitiveness.
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Chevron Plans to Cut 15% to 20% of Its Workforce by 2026
Chevron announces a cost-cutting plan of $2 to $3 billion, resulting in the reduction of 15% to 20% of its workforce by 2026, aiming to simplify its organization and strengthen its long-term competitiveness.
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Manuel Valls proposes opening the debate on oil exploitation in Guyana
Manuel Valls calls for a debate on banning oil exploitation in Guyana, while Minister of Ecological Transition, Agnès Pannier-Runacher, opposes, emphasizing the consistency of France's environmental commitments.
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Manuel Valls proposes opening the debate on oil exploitation in Guyana
Manuel Valls calls for a debate on banning oil exploitation in Guyana, while Minister of Ecological Transition, Agnès Pannier-Runacher, opposes, emphasizing the consistency of France's environmental commitments.
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BPCL secures a strategic contract with Petrobras for Brazilian crude oil imports
Bharat Petroleum Corporation Limited (BPCL) has signed a major agreement with Petróleo Brasileiro S.A. (Petrobras) for the import of Brazilian crude oil, strengthening India's energy supply diversification and reinforcing trade relations between the two nations.
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BPCL secures a strategic contract with Petrobras for Brazilian crude oil imports
Bharat Petroleum Corporation Limited (BPCL) has signed a major agreement with Petróleo Brasileiro S.A. (Petrobras) for the import of Brazilian crude oil, strengthening India's energy supply diversification and reinforcing trade relations between the two nations.
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Petro-Victory acquires 13 oil fields in Brazil for USD 15 million
Petro-Victory Energy Corp. and Azevedo & Travassos Petroleo announce the joint acquisition of 13 onshore oil fields in Brazil. The USD 15 million deal aims to increase production and strengthen their presence in the Potiguar Basin.
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Petro-Victory acquires 13 oil fields in Brazil for USD 15 million
Petro-Victory Energy Corp. and Azevedo & Travassos Petroleo announce the joint acquisition of 13 onshore oil fields in Brazil. The USD 15 million deal aims to increase production and strengthen their presence in the Potiguar Basin.
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ONGC and bp sign a strategic agreement for oil exploration
ONGC and bp have signed a memorandum of understanding to jointly explore opportunities in oil exploration, production, and trading. This three-year agreement aims to optimize mature fields and strengthen their presence in offshore bidding rounds in India.
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ONGC and bp sign a strategic agreement for oil exploration
ONGC and bp have signed a memorandum of understanding to jointly explore opportunities in oil exploration, production, and trading. This three-year agreement aims to optimize mature fields and strengthen their presence in offshore bidding rounds in India.
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Equinor shifts its strategy towards oil and gas in Africa
Norwegian group Equinor plans to increase its oil and gas production by more than 10% by 2027. Facing economic constraints, the company is halving its investments in renewable energy and strengthening its presence in Africa, particularly in Tanzania.
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Equinor shifts its strategy towards oil and gas in Africa
Norwegian group Equinor plans to increase its oil and gas production by more than 10% by 2027. Facing economic constraints, the company is halving its investments in renewable energy and strengthening its presence in Africa, particularly in Tanzania.
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Equatorial Guinea: A New Oil and Gas Licensing Round to Revive the Sector
Facing a decline in oil production, Equatorial Guinea is preparing to launch a new cycle of oil and gas license allocations. This initiative aims to attract investors to boost exploration and stabilize the hydrocarbon industry in a challenging economic context.
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Equatorial Guinea: A New Oil and Gas Licensing Round to Revive the Sector
Facing a decline in oil production, Equatorial Guinea is preparing to launch a new cycle of oil and gas license allocations. This initiative aims to attract investors to boost exploration and stabilize the hydrocarbon industry in a challenging economic context.
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Dangote Refinery Nears Full Capacity Despite Supply Challenges
Dangote Refinery, Africa’s largest, could reach its full potential of 650,000 barrels per day within 30 days. Currently operating at 85% capacity, it faces crude oil supply challenges despite pressure from Nigeria’s regulatory authorities.
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Dangote Refinery Nears Full Capacity Despite Supply Challenges
Dangote Refinery, Africa’s largest, could reach its full potential of 650,000 barrels per day within 30 days. Currently operating at 85% capacity, it faces crude oil supply challenges despite pressure from Nigeria’s regulatory authorities.
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Dispute Over Corentyne Block: CGX and Frontera Challenge Guyana’s Decision
The government of Guyana is questioning the validity of the Corentyne Block exploration license held by CGX Energy and Frontera Energy. Facing this situation, the consortium is assessing its legal options to defend its interests in this strategic offshore zone.
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Dispute Over Corentyne Block: CGX and Frontera Challenge Guyana’s Decision
The government of Guyana is questioning the validity of the Corentyne Block exploration license held by CGX Energy and Frontera Energy. Facing this situation, the consortium is assessing its legal options to defend its interests in this strategic offshore zone.
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US Oil Tariffs on Canada and Mexico Reshape Crude Flows
The new US oil tariffs of 10% and 25% on Canadian and Mexican imports could lead to a redirection of North American crude flows to other markets. Wood Mackenzie analyzes the implications for the three affected countries.
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US Oil Tariffs on Canada and Mexico Reshape Crude Flows
The new US oil tariffs of 10% and 25% on Canadian and Mexican imports could lead to a redirection of North American crude flows to other markets. Wood Mackenzie analyzes the implications for the three affected countries.
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Russia-India: A Strengthened Oil Partnership Despite U.S. Sanctions
Russia will continue supplying oil to India under advantageous conditions despite U.S. sanctions affecting its energy sector. New Delhi relies on stable Russian deliveries to meet growing demand, consolidating a strategic partnership in a tense global market.
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Russia-India: A Strengthened Oil Partnership Despite U.S. Sanctions
Russia will continue supplying oil to India under advantageous conditions despite U.S. sanctions affecting its energy sector. New Delhi relies on stable Russian deliveries to meet growing demand, consolidating a strategic partnership in a tense global market.
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Brazil: Petrobras accelerates its oil project in the Equatorial Margin despite uncertainties
Petrobras aims to exploit a 10-billion-barrel deposit off the Amazon coast. While Ibama assesses the environmental impact, the Brazilian government supports the project, which could strengthen the country’s position in the global oil market.
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Brazil: Petrobras accelerates its oil project in the Equatorial Margin despite uncertainties
Petrobras aims to exploit a 10-billion-barrel deposit off the Amazon coast. While Ibama assesses the environmental impact, the Brazilian government supports the project, which could strengthen the country’s position in the global oil market.
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Explosion on a Russian Oil Tanker in Ust-Luga: No Victims or Leaks Reported
A fire broke out aboard the Russian oil tanker *Koala* after an explosion in the engine room, forcing the crew to evacuate the vessel. The accident, which occurred in the port of Ust-Luga, caused no casualties or oil spills, according to authorities.
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Explosion on a Russian Oil Tanker in Ust-Luga: No Victims or Leaks Reported
A fire broke out aboard the Russian oil tanker *Koala* after an explosion in the engine room, forcing the crew to evacuate the vessel. The accident, which occurred in the port of Ust-Luga, caused no casualties or oil spills, according to authorities.
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CNOOC launches production at Bozhong 26-6 oilfield in Bohai Sea
CNOOC Limited has announced the start of production for Phase I of the Bozhong 26-6 oilfield development project, located in Bohai Bay. With an expected production capacity of 22,300 barrels of oil equivalent per day in 2025, this strategic project strengthens China's energy supply.
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CNOOC launches production at Bozhong 26-6 oilfield in Bohai Sea
CNOOC Limited has announced the start of production for Phase I of the Bozhong 26-6 oilfield development project, located in Bohai Bay. With an expected production capacity of 22,300 barrels of oil equivalent per day in 2025, this strategic project strengthens China's energy supply.
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