Petrol

Oil Price
Colombia’s Ecopetrol Plans Cost Cuts as Lower Oil Prices Bite
On Wednesday, Ecopetrol, Colombia’s state-owned oil company, announced plans to reduce costs and expenses by approximately 1 trillion pesos ($232 million)…
Renewable Diesel
Marathon Reports Improved Q1 Earnings for Renewable Diesel
Marathon Petroleum Corp. announced on May 6, 2025, that its renewable diesel segment achieved improved first-quarter EBITDA, driven by higher facility utilizati…
Crude Oil
Exxon Plans $1.5 Billion Investment in Nigerian Oilfield
ExxonMobil, a global energy company, plans to invest $1.5 billion in its deepwater operations in Nigeria, according to the Nigerian Upstream Petroleum Regulator…
Crude Oil
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…
Natural Gas
Ecopetrol Working to Ensure Continuation of Offshore Gas Projects in Carribean
Ecopetrol S.A. has launched a collaborative strategy to secure the future of gas projects in Colombia’s Southern Caribbean after Shell announced its withd…
Crude Oil
USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR…
China
Syensqo and Sinopec Collaborate on Advanced Materials and Specialty Chemicals
Syensqo, a global leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have entered into a Strategic Partn…
Green Hydrogen
KFUPM Launches Research Project to Improve Green Hydrogen Feasibility
King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia has initiated a research project to enhance the economic viability of green hydrogen prod…
Green Hydrogen
Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt
In Cairo, Egypt, Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Marco Villa, Chief Business Officer of Technip Energies, an Italia…
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…
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…
Crude Oil
Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say
Chevron Corp. has been directed to return nearly 1 million barrels of oil to Venezuela’s state-owned company, Petroleos de Venezuela SA (PDVSA), affecting…
Oil Price
Texas Shale Industry Voices Frustrations With Trump as Oil Prices Tank
At the Permian Basin Petroleum Association’s Spring Swing golf tournament in Odessa, West Texas, oil industry leaders expressed frustration beyond the gam…
Methane
Ukraine Will Add Bioethanol to Petrol From May, Seeks First Imports From EU
Starting May 1, 2025, Ukraine will enforce a new rule requiring all motor fuel to include at least 5% bioethanol. This step aligns with EU sustainability standa…

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Petrol

Colombia’s Ecopetrol Plans Cost Cuts as Lower Oil Prices Bite

Marathon Reports Improved Q1 Earnings for Renewable Diesel

Exxon Plans $1.5 Billion Investment in Nigerian Oilfield

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

Ecopetrol Working to Ensure Continuation of Offshore Gas Projects in Carribean

USA Crude Oil Inventories Rise Week on Week

Syensqo and Sinopec Collaborate on Advanced Materials and Specialty Chemicals

KFUPM Launches Research Project to Improve Green Hydrogen Feasibility

Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt

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

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

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

Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say

Texas Shale Industry Voices Frustrations With Trump as Oil Prices Tank

Ukraine Will Add Bioethanol to Petrol From May, Seeks First Imports From EU