Oil

Nuclear Power Plant (NPP)

Polish Oil Company Orlen to Build Small Nuclear Power

On August 28, 2025, Polish oil company Orlen announced plans to construct the country’s first small modular nuclear reactor (SMR) in Wloclawek, a town in …

Natural Gas

Exxon Sees Natural Gas Demand Surging in Outlook to 2050

Exxon Mobil, a leading U.S. oil producer, announced on August 28, 2025, that global natural gas demand is expected to increase by over 20% by 2050 compared to 2…

Oil Field

New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037

OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, l…

LNG

EQT to Buy LNG From Sempra’s Port Arthur Phase 2 Project

On August 27, 2025, Sempra, a U.S. energy company, announced that its subsidiary will supply 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to…

Oil and Gas Equipment

PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal

On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petrol…

Oil Shale

Crescent Energy Nears Deal for US Shale Peer Vital Energy, Sources Say

Crescent Energy, a U.S. energy company, is in advanced discussions to acquire Vital Energy, a smaller firm, sources familiar with the matter reported on Friday,…

Biofuel

US EPA Approves Biofuel Waivers for Small Refiners, Stirring Concerns Over Demand

On Friday, the U.S. Environmental Protection Agency (EPA) cleared most of its backlog of exemption requests from small oil refineries under the Renewable Fuel S…

LNG

ConocoPhillips to Buy LNG From Sempra’s Port Arthur Phase 2 Project

ConocoPhillips announced on Thursday it will secure 4 million tonnes per annum of LNG from Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, T…

Oil Refinery

Indiana’s BP Refinery Restarts After Severe Flooding

BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, the largest in the U.S. Midwest, began restarting operations on August 20, 2025, following disru…

Oil Exploration

Iraq Signs Agreement With Chevron on Oil Exploration Projects, Prime Minister Says

On August 19, 2025, in Baghdad, Iraq, the Iraqi Oil Ministry finalized an agreement in principle with U.S.-based Chevron for the Nassiriya oil project, as annou…

LNG

Gas Demand at Two of the Top US LNG Plants Declines

On Monday, two major liquefied natural gas (LNG) export facilities in the United States experienced significant reductions in natural gas demand, indicating pot…

Kazakhstan

Record Sunflower Oil Production in Kazakhstan

Kazakhstan’s oil mills produced 526,000 tons of unrefined sunflower oil during the first eleven months of the 2024/2025 marketing year (September to July)…

Crude Oil

China Still Storing Crude Oil Even as Refinery Runs Rise

In July 2025, China’s refineries increased processing rates but maintained a crude oil surplus of 530,000 barrels per day (bpd), driven by robust imports …

SAF

Indian Oil to Start SAF Production in December

Indian Oil Corporation has established a sustainable aviation fuel (SAF) production unit at its refinery in Panipat, Haryana, with an annual capacity of 35,000 …

Oil Shale

China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field

China has achieved a key milestone in shale gas exploration with the discovery of a large-scale deep shale gas field in its southwestern region, with proven res…