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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Refinery
30-05-2025
Petroecuador Declares Emergency at Ecuador’s Biggest Refinery After Fire Damages
Petroecuador, Ecuador’s state-owned oil company, announced a 60-day emergency at the Esmeraldas refinery, the country’s largest, on Thursday, following a fire that damaged several fuel tanks earlier this week. This marks the second eme
Natural Gas
29-05-2025
Natural Gas Flows to Freeport LNG Export Plant in Texas Drop Wednesday, Sources Say
On Wednesday, natural gas flows to the Freeport LNG export facility in Texas decreased, according to two sources familiar with the matter. This reduction likely led to a temporary decrease in liquefied natural gas (LNG) production at the plant.Storage tan
Oil&Gas Drilling
28-05-2025
NIDC Drilling Operations Complete 20 Wells in Two Months
The National Iranian Drilling Company (NIDC) successfully completed the drilling of 20 onshore oil and gas wells over a two-month period ending May 21, utilizing its own rigs. This milestone highlights the company’s progress in its drilling prog
Oil Field
28-05-2025
EnQuest Restarts Production at UK Field After Four-Week Hiatus
EnQuest, a London Stock Exchange-listed energy company, has resumed production at its Magnus field in the UK sector of the North Sea following a four-week pipeline system outage that halted operations in late April 2025. Repairs at the Ninian Central Plat
LNG
27-05-2025
South Africa Proposes Buying US LNG as Seeks Trade Deal
South Africa has proposed importing liquefied natural gas (LNG) from the United States over a 10-year period to strengthen trade ties, according to a statement by Minister in the Presidency Khumbudzo Ntshavheni. The announcement, posted on the South Afric
Oil Refinery
27-05-2025
Ecuador’s Biggest Oil Refinery Stops Operating as Precaution Due to Fire
On Monday, a fire broke out in a fuel oil tank at Ecuador’s largest oil refinery, the Esmeraldas refinery, operated by state-owned Petroecuador. The blaze has been brought under control, according to Petroecuador and Ecuador’s energy m
LNG
26-05-2025
US Regulators Greenlight Construction of Venture Global CP2 LNG Plant in Louisiana
U.S. regulators have authorized Venture Global to begin construction of its CP2 liquefied natural gas (LNG) plant in Louisiana, according to a Federal Energy Regulatory Commission (FERC) document released on Friday. This approval marks a significant step
Oil Field
26-05-2025
Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion
Iraq has entered into an agreement with a consortium led by China-based Geo-Jade Petroleum Corp and Basra Crescent to advance an integrated energy project at the Tuba oilfield in South Basra. The initiative aims to increase the oilfield’s produc
Oil Refinery
23-05-2025
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a processing capacity of 139,000 barrels per day, currently employs around 600 worke
Oil Refinery
23-05-2025
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a processing capacity of 139,000 barrels per day, currently employs around 600 worke
Crude Oil
22-05-2025
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technically recoverable oil and gas resources in southwestern Wyoming, with smaller portions in Utah an
Oil Field
22-05-2025
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Block B, off Indonesia’s Riau Islands, on May 16, 2025, to strengthen national energy
Crude Oil
22-05-2025
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official told, aiming to balance revenue generation with reserve sustainability.The Chevron Oil Refinery
Crude Oil
22-05-2025
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher crude imports and lower demand for gasoline and distillate fuels.Crude oil storage tanks are see
Natural Gas
21-05-2025
Austrian Gas Hub Records Higher Trading Volumes Despite End of Russian Flows
In 2025, Austria’s Central European Gas Hub (CEGH) in Vienna has seen a rise in trading volumes, despite the cessation of Russian gas transit through Ukraine, according to CEO Gottfried Steiner. The hub, centered at the Baumgarten gas distributi
Oil Shale
21-05-2025
With Output Hikes, OPEC+ Again Targets US Shale Oil
OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S. shale producers and address overproduction by certain member states. This decision follows a
Natural Gas
21-05-2025
North Sea Operator Takes Steps to Boost Its Stake in UK’s Largest Gas Field
Ithaca Energy, a UK North Sea oil and gas operator, has signed an agreement to acquire an additional 46.25% operated interest in the Cygnus gas field from Spirit Energy. The purchase, valued at £116 million (approximately $154 million), is based
Crude Oil
21-05-2025
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matter. This initiative is part of the country’s effort to strengthen its energy transpor
Oil Field
21-05-2025
New Oil Discovery Springs up in Norwegian Waters
Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’s floating production, storage, and offloading (FPSO) unit. The discovery, located in produ
Natural Gas
21-05-2025
Qatar’s North Field East Gas Expansion to Begin Output in Mid-2026
Qatar’s North Field East Gas Expansion to Begin Output in Mid-2026QatarEnergy announced that its North Field East natural gas expansion project is set to commence production in mid-2026, according to Chief Executive Saad al-Kaabi. The statement,
Crude Oil
20-05-2025
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chinese customs on Tuesday. This marked a 12.9% decrease compared to the same period last year. On
LNG
20-05-2025
TotalEnergies Signs Canada LNG Agreement With Ksi Lisims LNG
On Monday, French energy company TotalEnergies announced a significant agreement with Ksi Lisims LNG to purchase 2 million tons of liquefied natural gas (LNG) annually for 20 years from a planned liquefaction facility on Canada’s Pacific coast.
LNG
20-05-2025
US Department of Energy to Begin Issuing Orders for Pending LNG Export Permits
On Monday, the U.S. Department of Energy (DOE) announced it will begin reviewing and deciding on pending applications to export liquefied natural gas (LNG) to countries without free trade agreements with the United States. This decision follows the releas
RNG
19-05-2025
City of Hastings Nebraska Approves 25-Year RNG Agreement With Newcarbon
NewCarbon has entered a 25-year partnership with Hastings, Nebraska, to transform methane emissions from the Hastings Sanitary Landfill into renewable natural gas (RNG). The initiative will capture methane produced by decomposing organic waste, process it
Crude Oil
19-05-2025
Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows
Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime data and documents. This shift follows the cancellation of shipments to Chevron due to paym
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
