America oil

Oil Exploration

Occidental Announces Gulf of America Oil Discovery at Bandit

April 09 ,Occidental announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration wel…

United States

Nouryon Opens Oilfield Application Center in Houston

Nouryon, based in Amsterdam, Netherlands, has opened a new Innovation Center in Houston, Texas, focused on oilfield applications. This development, announced in…

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…

Oil Price

US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear

U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns a…

Coal Production

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…

Crude Oil

US Eases Downhole Commingling Policy to Boost Oil Production

The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro…

Oil Pipeline

Morgan Stanley Infra Partners Eyes $2 Billion Permian Pipelines Sale, Sources Say

Morgan Stanley Infrastructure Partners (MSIP) is considering selling its majority stake in Brazos Midstream II, a deal that could value the holding at over $2 b…

Oil Refinery

California Governor Seeks Help for Struggling Oil Refiners

On April 21, California Governor Gavin Newsom directed state officials to intensify efforts to ensure a stable fuel supply for the state, which has the largest …

Crude Oil

Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project

Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th…

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…

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,…

Oil Refinery

US Refiners Unlikely to Spend Big to Process More Domestic Oil

U.S. refiners are hesitant to invest heavily in processing more domestic crude instead of oil from major suppliers Canada and Mexico, according to industry sour…

Crude Oil

Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1

On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previ…