Crude

Coal Mine

Drilling on a New Swath of Ultra-Deep Oil Wells in Taklamakan Desert, Starts After Holiday

Photo taken on July 7, 2017, shows Keshen 605 well at the Tarim Oilfield in Aksu, northwest China's Xinjiang Uygur Autonomous Region.Drilling on a new swath…

Crude Oil

EIA Confirms Turkmenistan’s Rising Oil Reserves

Turkmenistan continues to strengthen its position as a key energy producer, with proven oil reserves reaching 600 million barrels as of January 1, 2025, accordi…

Crude Oil

Oil Giant Chevron Plans to Lay off 20% of Workers in Cost-Cutting Push

Chevron employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employeesChevron plans to cut its global workforce by…

Crude Oil

Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises

An Exxon gas station seen in Washington, U.S., November 26, 2024.A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for it…

Oil Refinery

Aramco’s Motiva Expands Texas Refinery to Become Largest in US

Motiva Enterprises has quietly expanded its Port Arthur, Texas, refinery to become the largest fuelmaking plant in the US.The refinery can now process as much a…

SAF

Jord, Votion Biorefineries Partner to Convert C4-Grass Biomass Into Biocrude and SAF

Jord AB and Votion Biorefineries AB are proud to announce a strategic partnership to convert Jord’s sustainable C4-grass biomass into biocrude and sustain…

Crude Oil

China National Petroleum Resumes Crude Production in South Sudan

Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said.Th…

Crude Oil

Libya’s NOC Unveils Self-Reliance

Strategic shift focuses on homegrown technologiesThe National Oil Corporation (NOC) unveiled its 2025 strategic plan on Wednesday, prioritising increased oil pr…

Crude Oil

Four Giant Oil & Gas Projects Line up for Start-up in 2025 Offshore Norway With More on the Cards

Norwegian oil and gas player Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s …

Oil Price

US Gulf Refiners Paying Premium Prices for Trinidad’s Molo Crude

Some U.S. Gulf Coast refiners have recently paid prices over the Brentcrude benchmark for Trinidad and Tobago's Molo heavy sour crude, the CEO of the countr…

Oil Refinery

Dangote Refinery to Operate at 100% by March

Dangote Oil refinery, currently operating at 85 per cent capacity is expected to go 100 per cent in 30 days.The 650,000-barrel-per-day refinery began processing…

Oil Refinery

HPCL Plans to Raise Vizag Oil Refinery Capacity by 20% to Meet Fuel Demand

State-run Hindustan Petroleum (HPCL) plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20 per cent to meet growing local …

Crude Oil

Malaysia’s Petronas to ‘Rightsize’ Workforce to Ensure Survival, Reports Say

President and group CEO of Petronas, Tengku Muhammad Taufik attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023.Malaysia's state ener…

Crude Oil

Kazakhstan’s Ozenmunaigaz Targets Higher Oil Output in 2025

Ozenmunaigaz will increase oil production to 5.25 million tons in 2025.This became known during a working visit to the Mangystau region by the Chairman of the B…

Crude Oil

Chevron Says Fading U.S. Crude Growth Casts Pall on Port Projects

The tanker Eagle Seville discharges crude oil at the Port of Corpus Christi in Corpus Christi, Texas, U.S., as seen in this aerial photo taken on Monday, Dec. 2…