Oil

Metal

Rosneft Acquires Tomtor Rare Earth Deposit in Russia

Rosneft, a major Russian oil company, has fully acquired Vostok Engineering, the operator of the Tomtor rare earth metal deposit in northern Yakutia, Siberia, a…

Renewable Diesel

TMD Energy Diversifies Into Waste Oil-To-Biodiesel Business

TMD Energy Limited (TMDEL), a Malaysia- and Singapore-based marine fuel bunkering services provider, has announced plans to expand into oil waste collection to …

Oil Refinery

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,…

Oil Refinery

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,…

Crude Oil

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, technica…

CCS

China’s First Offshore Carbon Capture, Utilization and Storage Project Put Into Operation

China’s first offshore carbon capture, utilization, and storage (CCUS) project has officially commenced operations in the Pearl River Mouth Basin, accordi…

Oil Field

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 Bloc…

Crude Oil

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 …

Crude Oil

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 c…

Natural Gas

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 Ukra…

Oil Shale

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…

Natural Gas

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 Spiri…

Crude Oil

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 matt…

Oil Field

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’…

Natural Gas

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 …