Oil

Oil Refinery

Indian-Backed Oil Refinery in Mongolia Should Begin Operations in 2028, India Says

An Indian-supported oil refinery project in Mongolia is expected to begin operations in 2028, according to India’s Ministry of External Affairs on Tuesday…

Germany

Germany’s 2025 Soybean Harvest Hits Record High

Germany's soybean production is set to achieve a modest increase in 2025, despite a reduction in average yields, according to insights from the German Union…

Crude Oil

First Oil Flows From Offshore Project in Southeast Asia Ahead of Schedule

Vietsovpetro, the Vietnam–Russia joint venture between PetroVietnam and Zarubezhneft, has achieved first oil production from the BK-24 wellhead platform a…

Oil & Gas Trade

Algeria Signs $5.4 Billion Oil and Gas Deal With Saudi Firm Midad Energy

Algeria’s state-owned energy company Sonatrach announced on Monday that it has signed a production-sharing contract worth approximately $5.4 billion with …

LNG

Argentina’s YPF, ENI Finalize Vaca Muerta LNG Deal

Italy’s Eni and Argentina’s state-controlled energy company YPF announced on Friday that they have finalized an engineering agreement for a major liquefied na…

Electrification

Equinor Drops Offshore Electrification Plans Over Rising Costs

Equinor announced on Friday that it has decided to cancel plans to reduce greenhouse gas emissions by linking several offshore oil and gas platforms to Norway&r…

Oil Refinery

BPCL Secures Land for $11 Billion Refinery Project in Southern India

India’s state-run Bharat Petroleum Corporation Limited (BPCL) will invest nearly $11 billion to construct a new refinery with a capacity of 180,000 to 240…

Brazil

Brazil’s Petrobras Set to Supply 20% of Country’s Demand for Nitrogen Fertilizers in 2026

Brazil’s state-controlled oil company Petrobras announced that it will be able to supply about 20% of the nation’s nitrogen fertilizer demand next y…

Oil Field

Exxonmobil Mulls Iraq Reentry With Majnoon Deal

Exxon Mobil Corp. is preparing to return to Iraq after nearly two years, with plans to sign agreements that could pave the way for exploring the country’s…

Biofuel

Indonesia on Course for B50 Biodiesel in 2026 to Lessen Gasoil Imports, Minister Says

Indonesia is advancing its plan to implement biodiesel with 50% palm oil-based biofuel, known as B50, as a mandatory blend starting in 2026. The initiative aims…

Oil&Gas Drilling

Equatorial Guinea to Open Its 2026 Oil and Gas Licensing Round in April

Equatorial Guinea will open a new oil and gas licensing round in April 2026 to encourage exploration and offset declining oil production, Minister of Hydrocarbo…

Oil Field

Vitol Seals Acquisition of 30 Percent Stake in Ivorian Field

Eni SpA, an Italy-based global energy company, has finalized a 30 percent stake sale of the Baleine field offshore Cote d'Ivoire to Vitol Group, reducing En…

Oil Field

Nigeria Approves Shell, Agip Buyout of TotalEnergies’ Stake in Bonga Oilfield

Nigeria’s oil regulator has approved a $510 million agreement by TotalEnergies to sell its 12.5% interest in Oil Mining Lease (OML) 118, which contains the off…

LNG

Mercuria to Supply Botaş With US-Sourced LNG Until 2045

Global energy and commodity company Mercuria has signed a long-term liquefied natural gas (LNG) purchase and sale agreement with Türkiye’s state-owne…

Natural Gas

Poland’s Gas Storage Hits 100%, Highest in EU, Minister Says

Poland's gas storage facilities have reached full capacity, with Energy Minister Miłosz Motyka announcing on Wednesday that they are now 100% full. In a po…