Oil

Biofuel

Malaysia Keeps May Crude Palm Oil Export Duty at 10%, Lowers Reference Price

Malaysia has set its export tax for crude palm oil at 10% for May, according to a circular published on the Malaysian Palm Oil Board website on Tuesday. The cou…

Natural Gas

Gas Uptick for Shell’s North Sea Development Project

Shell, a UK-based energy company, has reported enhanced porosity and permeability in its natural gas discovery on the UK Continental Shelf in the Southern North…

Oil and Gas Equipment

Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana

A consortium led by Exxon Mobil, a U.S.-based energy company, is preparing to install its fourth floating production storage and offloading (FPSO) facility, nam…

Oil Field

Brazilian Oil Field’s FPSO Two Wells Richer With Another Duo Slated for June

Brava Energia, a Brazilian energy company formed from the merger of 3R Petroleum and Enauta, has activated two additional wells, 4H and 5H, at the Atlanta field…

LNG

Chinese Shipbuilder Delivers 24,000-TEU LNG Dual-Fuel Container Ship

Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of China State Shipbuilding Corporation Limited (CSSC), delivered the CMA CGM SEINE, a 24,000-TEU l…

Natural Gas

US Natgas Output and Demand to Peak in 2032, EIA Says

The Energy Information Administration (EIA) released its Annual Energy Outlook, projecting that U.S. natural gas production and demand will both peak in 2032. T…

LNG

Totalenergies Secures Long-Term LNG Supply From Rio Grande Facility in Texas

TotalEnergies has entered into a 20-year Sales and Purchase Agreement (SPA) with NextDecade to secure 1.5 million tons per annum (Mtpa) of liquefied natural gas…

Oil Field

Oil Uplift Coming up Next on Brazilian Field’s Horizon

BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offsh…

Oil Price

JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output

JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 202…

Renewable Diesel

Declining Prices Clear Way for Brazil to Raise Biodiesel Blend to 15%, Industry Group Says

Brazil is poised to raise its mandatory biodiesel blend in diesel from 14% to 15%, according to Daniel Amaral, director of economics and regulatory affairs at A…

Oil Field

BP Makes New Oil Discovery off US Gulf Coast

On Monday, BP announced a new oil discovery in the Far South field, located in the U.S. Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584,…

Crude Oil

Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada

Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…

Oil Refinery

Sinopec, Aramco Sign Agreement for Yanbu Refinery Expansion in Saudi Arabia

China Petroleum & Chemical Corporation (Sinopec) and Saudi Arabian Oil Company (Aramco) have signed an agreement to expand the Yanbu Refinery in Saudi Arabia&rs…

Oil&Gas Drilling

Transocean Equinox Rig Arrives to Embark On Otway Basin Exploration

The Transocean Equinox rig has reached the Otway Basin, advancing the Otway Exploration Drilling Programme (OEDP) set for 2025. This initiative, led by ConocoPh…

Oil Pipeline

Oando Pipelines in Nigeria’s Oil-Rich Bayelsa State Hit by Sabotage Attacks

Oando Plc, a Nigerian oil producer, reported three incidents targeting its pipelines in Bayelsa state, southern Nigeria, over the past week. The company announc…