Gas

Oil Refinery

Mexico’s Olmeca Refinery Will Restart and Halt Was ‘Nothing Serious,’ President Says

Mexico’s Olmeca refinery, located at the port of Dos Bocas, is prepared to resume production following a temporary outage, President Claudia Sheinbaum ann…

Crude Oil

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output

Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivale…

Crude Oil

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease

Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns wi…

Oil&Gas Drilling

Drillers in Canada Shift to Natural Gas as Trade War Drives Down Oil Prices

In Alberta, Canada’s primary energy region, drilling companies are increasingly focusing on natural gas due to declining oil prices driven by global marke…

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…

Oil Refinery

Spanish Oil Refineries Shut Down After Power Blackout

On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…

Ethanol

Trump Administration Allows Temporary Sales of Summertime Higher-Ethanol Fuel

On Monday, the Trump administration announced an emergency waiver permitting the nationwide sale of E15, a gasoline blend containing 15% ethanol, during the sum…

LNG

Woodside Greenlights $17.5 Billion US LNG Project, Targets 2029 Start

Woodside Energy, an Australian energy company listed as WDS.AX, announced its final investment decision for a Liquefied Natural Gas (LNG) project in Louisiana, …

CCS

Calpine Strikes New Agreement for Texas Power Generation CCS Project

Exxon Mobil has entered into an agreement with Calpine to transport and permanently store up to 2 million metric tons of CO2 annually from Calpine’s Bayto…

Oil & Gas Trade

Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses

Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…

FLNG

Wison New Energies Nets Work on Petronas FLNG Set for Suriname

China’s Wison New Energies has finalized the detailed feasibility study for a new floating liquefied natural gas (FLNG) facility to be located offshore Su…

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…

Oil&Gas Drilling

Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease

Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ out…

Gas turbine engine

Duke Energy Taps GE Vernova for Gas Turbine Partnership

Duke Energy and GE Vernova have entered into a partnership to supply natural gas turbines and related equipment to address increasing energy demands driven by a…

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…