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Etroleum
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…
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…
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…
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…
Green Hydrogen
BPCL, Sembcorp Ink JV to Develop Green Hydrogen, Renewables in India
On Tuesday, Bharat Petroleum Corp (BPCL), an Indian state-owned refiner, entered into a joint venture with Sembcorp, a Singapore-based company supported by Tema…
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…
Carbon Capture
Occidental’s 1PointFive Receives Permits to Sequester CO2 at Texas Facility
Occidental Petroleum’s unit, 1PointFive, announced on Monday, April 7, 2025, that the U.S. Environmental Protection Agency (EPA) has approved its applicat…
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