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CNOOC Launches Production of Bozhong 19-2 Project
The oil giant CNOOC Limited announces the commencement of production of the Bozhong 19-2 project, located in Bohai Bay, marking a key milestone in the effective development of offshore resources in China.
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CNOOC Launches Production of Bozhong 19-2 Project
The oil giant CNOOC Limited announces the commencement of production of the Bozhong 19-2 project, located in Bohai Bay, marking a key milestone in the effective development of offshore resources in China.
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Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
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Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
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Avjet Holding fined 200,000 dollars for oil spill in Quebec
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
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Avjet Holding fined 200,000 dollars for oil spill in Quebec
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
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Ithaca Energy Strengthens Its Presence in the North Sea with the Acquisition of Eni’s Assets
Ithaca Energy has acquired the majority of Eni's British oil and gas assets, thereby consolidating its position in a region undergoing significant changes.
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Ithaca Energy Strengthens Its Presence in the North Sea with the Acquisition of Eni’s Assets
Ithaca Energy has acquired the majority of Eni's British oil and gas assets, thereby consolidating its position in a region undergoing significant changes.
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OPEC+ and the Potential Iranian Oil Shock: Geopolitical Capacities and Vulnerabilities
The escalation of tensions between Israel and Iran threatens the stability of the global oil market. OPEC+ must assess its capacities in the face of a possible supply shock.
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OPEC+ and the Potential Iranian Oil Shock: Geopolitical Capacities and Vulnerabilities
The escalation of tensions between Israel and Iran threatens the stability of the global oil market. OPEC+ must assess its capacities in the face of a possible supply shock.
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Oil Prices Rise Following Biden’s Statement on Strikes in Iran
Oil prices significantly increase after a statement by U.S. President Joe Biden mentioning potential strikes against Iranian oil infrastructures, raising concerns about global supply.
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Oil Prices Rise Following Biden’s Statement on Strikes in Iran
Oil prices significantly increase after a statement by U.S. President Joe Biden mentioning potential strikes against Iranian oil infrastructures, raising concerns about global supply.
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Libya Lifts Blockade on Oil Fields and Terminals
Libyan authorities in the East have declared the resumption of oil production at the oil fields and the reopening of exports, which were halted due to a major political crisis opposing the rival government in Tripoli, recognized by the UN. This decision follows intense negotiations aimed at stabilizing the country’s oil sector.
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Libya Lifts Blockade on Oil Fields and Terminals
Libyan authorities in the East have declared the resumption of oil production at the oil fields and the reopening of exports, which were halted due to a major political crisis opposing the rival government in Tripoli, recognized by the UN. This decision follows intense negotiations aimed at stabilizing the country’s oil sector.
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TotalEnergies Continues Oil and Gas Production Through 2030
TotalEnergies announces an increase in its oil and gas production until 2030, despite pressures to reduce fossil fuels. CEO Patrick Pouyanné defends this strategy amid climate challenges.
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TotalEnergies Continues Oil and Gas Production Through 2030
TotalEnergies announces an increase in its oil and gas production until 2030, despite pressures to reduce fossil fuels. CEO Patrick Pouyanné defends this strategy amid climate challenges.
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Enbridge Supports bp with Pipeline Construction in the Gulf of Mexico
Enbridge Inc. partners with bp to develop major oil and gas infrastructures in the Gulf of Mexico, thereby strengthening their presence and capabilities in the region.
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Enbridge Supports bp with Pipeline Construction in the Gulf of Mexico
Enbridge Inc. partners with bp to develop major oil and gas infrastructures in the Gulf of Mexico, thereby strengthening their presence and capabilities in the region.
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Shell strengthens its pipeline capacity in the Gulf of Mexico
Shell Pipeline Company LP announces the Rome Pipeline project, increasing oil transport capacity and consolidating its strategic position in the Gulf of Mexico.
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Shell strengthens its pipeline capacity in the Gulf of Mexico
Shell Pipeline Company LP announces the Rome Pipeline project, increasing oil transport capacity and consolidating its strategic position in the Gulf of Mexico.
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US Oil Stocks Unexpectedly Rise as Refineries Slow Down
US crude oil reserves increased unexpectedly due to a significant slowdown in refinery activity, according to the US Energy Information Administration (EIA).
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US Oil Stocks Unexpectedly Rise as Refineries Slow Down
US crude oil reserves increased unexpectedly due to a significant slowdown in refinery activity, according to the US Energy Information Administration (EIA).
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Why Oil Prices Remain Contained Despite Middle East Conflict
Despite tensions in the Middle East, oil prices remain stable due to abundant supply and the interests of Tehran and Washington to avoid escalation.
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Why Oil Prices Remain Contained Despite Middle East Conflict
Despite tensions in the Middle East, oil prices remain stable due to abundant supply and the interests of Tehran and Washington to avoid escalation.
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Asian refiners remain confident that the Iran-Israel conflict will not disrupt Persian Gulf oil flows
Asian refiners remain optimistic amid rising tensions between Iran and Israel, anticipating that Persian Gulf crude flows to Asia will stay stable despite the ongoing conflict.
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Asian refiners remain confident that the Iran-Israel conflict will not disrupt Persian Gulf oil flows
Asian refiners remain optimistic amid rising tensions between Iran and Israel, anticipating that Persian Gulf crude flows to Asia will stay stable despite the ongoing conflict.
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Adnoc acquires Covestro for 12 billion euros as part of its diversification strategy
Adnoc, the national oil company of the United Arab Emirates, announces the acquisition of Covestro, a German chemical giant, for 12 billion euros. This acquisition is part of its strategy to diversify its activities and strengthen its presence in Europe.
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Adnoc acquires Covestro for 12 billion euros as part of its diversification strategy
Adnoc, the national oil company of the United Arab Emirates, announces the acquisition of Covestro, a German chemical giant, for 12 billion euros. This acquisition is part of its strategy to diversify its activities and strengthen its presence in Europe.
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India Struggles to Attract Foreign Investors in Its Upstream Oil Sector
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.
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India Struggles to Attract Foreign Investors in Its Upstream Oil Sector
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.
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Major Oil Companies Under Pressure for Transparency on Gas Flaring Emissions
A report reveals that CO2 emissions linked to gas flaring by oil companies are underestimated. Groups such as Sonatrach, BP, and TotalEnergies face accusations of opaque practices regarding these polluting releases.
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Major Oil Companies Under Pressure for Transparency on Gas Flaring Emissions
A report reveals that CO2 emissions linked to gas flaring by oil companies are underestimated. Groups such as Sonatrach, BP, and TotalEnergies face accusations of opaque practices regarding these polluting releases.
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ConocoPhillips obtains authorization to seize PDVSA payments in Trinidad
ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
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ConocoPhillips obtains authorization to seize PDVSA payments in Trinidad
ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
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Pemex ships first petroleum coke export from Olmeca refinery to India
Pemex’s new Olmeca refinery has exported its first 112,000 barrels of petroleum coke to India. This shipment marks a step forward for the project despite doubled costs and commissioning delays.
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Pemex ships first petroleum coke export from Olmeca refinery to India
Pemex’s new Olmeca refinery has exported its first 112,000 barrels of petroleum coke to India. This shipment marks a step forward for the project despite doubled costs and commissioning delays.
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Kazakhstan: Oil Sector Delays Hamper Growth Prospects
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.
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Kazakhstan: Oil Sector Delays Hamper Growth Prospects
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.
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Exxon: Gregory Goff takes the lead of Amber Energy for Citgo’s acquisition backed by Elliott
Gregory Goff, member of the board of directors at Exxon Mobil, is now at the head of Amber Energy, an entity affiliated with Elliott Investment Management, in the context of the acquisition of Citgo, a Venezuelan-owned oil refiner, for an estimated amount of USD 7.28 billion.
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Exxon: Gregory Goff takes the lead of Amber Energy for Citgo’s acquisition backed by Elliott
Gregory Goff, member of the board of directors at Exxon Mobil, is now at the head of Amber Energy, an entity affiliated with Elliott Investment Management, in the context of the acquisition of Citgo, a Venezuelan-owned oil refiner, for an estimated amount of USD 7.28 billion.
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High-Sulfur Petcoke Price Decline Reshapes the Asian Market
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
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High-Sulfur Petcoke Price Decline Reshapes the Asian Market
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
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Saudi Aramco raises $3 billion in sukuk to maintain dividends
Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production. The funds raised are intended to support the company's dividend commitments and capital expenditure projects.
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Saudi Aramco raises $3 billion in sukuk to maintain dividends
Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production. The funds raised are intended to support the company's dividend commitments and capital expenditure projects.
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Saudi Arabia abandons hopes of $100 oil price
Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.
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Saudi Arabia abandons hopes of $100 oil price
Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.
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Russia: export ban on petrol and diesel may be lifted if there is a surplus
Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
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Russia: export ban on petrol and diesel may be lifted if there is a surplus
Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
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Putin strengthens ties with BRICS and OPEC+ in retaliation
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
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Putin strengthens ties with BRICS and OPEC+ in retaliation
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
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OPEC+ considers production increase, 3% fall in oil prices
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
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OPEC+ considers production increase, 3% fall in oil prices
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
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