Oil

Renewable Diesel

US Oil, Biofuel Group Recommends 5.25 Billion Gallons in Biomass Diesel Mandates, Sources Say

A U.S. coalition involving biofuel and petroleum groups has recommended that the Environmental Protection Agency (EPA) set the 2026 biomass-based diesel blendin…

Natural Gas

US Licenses for Trinidad-Venezuela Gas Projects Revoked, Trinidad Says

Wedoany.com Report-Apr. 9, Trinidad and Tobago’s Prime Minister Stuart Young announced on Tuesday that the U.S. has revoked two licenses permitting offsho…

Natural Gas

Marienergies Discovers Significant Gas Reserves at Mari Ghazij-1 Well in Sindh, Pakistan

MariEnergies has revealed a notable gas find at the Mari Ghazij-1 exploration well, located in the Mari Development & Production Lease (Mari D&PL) area in Sindh…

Oil Price

Azerbaijani Oil Decreases in Price

Wedoany.com Report-Apr. 8, On April 7, the price of Azerbaijan’s Azeri Light crude oil dropped by $1.5 (2.15%) on a CIF basis at the Italian port of Augus…

Crude Oil

Ring Energy Closes Acquisition of CBP Assets From Lime Rock

Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Bas…

Natural Gas

Shell Cuts Gas Output Guidance on Unplanned Maintenance

Shell Plc, a London-based energy company, has revised its outlook for the first quarter of 2025, expecting lower natural gas production and LNG volumes than pre…

Natural Gas

BP, Repsol Start Production at Cypre Gas Project in Trinidad

BP PLC announced on Monday that the Cypre field, located 78 kilometers off Trinidad and Tobago’s southeast coast, has begun production. Situated in the Ea…

Oil Refinery

China Teapot Oil Refiners Improve Run Rates but Demand Woes, Sanctions Weigh

Operating rates at China’s independent oil refiners in Shandong province, often called teapots, have recently increased slightly, reaching 46% capacity in…

Carbon Storage

Partners Testing Feasibility of CO2 Storage at Mature Oil Field off Australia

In early 2025, Japanese engineering firm Chiyoda Corporation and Knutsen NYK Carbon Carriers (KNCC), a partnership between Japan’s NYK and Norway’s …

LNG

‘World’s First Net-Zero LNG Export Facility’ Shaping up in Canada as $5.1b Project Forges Ahead

Woodfibre Management, a Canadian company based in Vancouver, is advancing its liquefied natural gas (LNG) export project along the southwest coast of British Co…

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low

On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four m…

LNG

Australia’s Woodside Energy to Sell 40% Stake in Louisiana LNG Project to Stonepeak

On Monday, Australian energy company Woodside Energy announced plans to sell a 40% stake in its Louisiana LNG Infrastructure project to Stonepeak, a U.S.-based …

Oil & Gas Trade

China’s CNOOC Exits U.S. Offshore Oil and Gas

British energy firm Ineos has finalised its acquisition of the U.S. Gulf assets from China’s state-owned oil company, CNOOC. The deal, completed on April …

Electricity Transmission

Kuwait Implements Power Cuts as Demand Outstrips Restricted Capacity

Kuwait, a major oil-producing nation, briefly reduced electricity supply to certain industrial and agricultural zones on Wednesday due to a spike in power deman…

Crude Oil

Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target

Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this chan…