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Oil
Oil Refinery
Ecuador’s Biggest Oil Refinery Stops Operating as Precaution Due to Fire
On Monday, a fire broke out in a fuel oil tank at Ecuador’s largest oil refinery, the Esmeraldas refinery, operated by state-owned Petroecuador. The blaze…
China
Giant FPU’s Transport Marks ‘World’s First’ for CNOOC
On May 11, 2025, China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, successfully completed a significant transport operation fo…
LNG
US Regulators Greenlight Construction of Venture Global CP2 LNG Plant in Louisiana
U.S. regulators have authorized Venture Global to begin construction of its CP2 liquefied natural gas (LNG) plant in Louisiana, according to a Federal Energy Re…
Oil Field
Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion
Iraq has entered into an agreement with a consortium led by China-based Geo-Jade Petroleum Corp and Basra Crescent to advance an integrated energy project at th…
Metal
Rosneft Acquires Tomtor Rare Earth Deposit in Russia
Rosneft, a major Russian oil company, has fully acquired Vostok Engineering, the operator of the Tomtor rare earth metal deposit in northern Yakutia, Siberia, a…
Renewable Diesel
TMD Energy Diversifies Into Waste Oil-To-Biodiesel Business
TMD Energy Limited (TMDEL), a Malaysia- and Singapore-based marine fuel bunkering services provider, has announced plans to expand into oil waste collection to …
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…
CCS
China’s First Offshore Carbon Capture, Utilization and Storage Project Put Into Operation
China’s first offshore carbon capture, utilization, and storage (CCUS) project has officially commenced operations in the Pearl River Mouth Basin, accordi…
Oil Field
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Bloc…
Crude Oil
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official …
Crude Oil
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher c…
Natural Gas
Austrian Gas Hub Records Higher Trading Volumes Despite End of Russian Flows
In 2025, Austria’s Central European Gas Hub (CEGH) in Vienna has seen a rise in trading volumes, despite the cessation of Russian gas transit through Ukra…
Oil Shale
With Output Hikes, OPEC+ Again Targets US Shale Oil
OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S…
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