Oil

Crude Oil

Spain to release 11.5M barrels from strategic oil reserves

The Spanish government on Tuesday approved the release of up to 11.5 million barrels of oil from its reserves in a bid to ease supply shortages.Speaking to repo…

South Korea considers importing Russian oil

The South Korean government is pursuing the reintroduction of Russian crude oil imports, suspended since 2022, as the prolonged closure of the Strait of Hormuz …

Oil Exploration

Hungary and Slovakia agree to build fuel pipeline

Hungary and Slovakia signed an agreement in Brussels on March 16 to construct an oil products pipeline connecting refineries owned by MOL Group in the two count…

Neste of Finland Commissions World's Largest Liquefied Waste Plastic Upgrading Facility in Porvoo, with Annual Capacity of 150,000 Tons

Neste of Finland recently announced the successful commissioning of its new liquefied waste plastic (LWP) upgrading facility at its Porvoo refinery. This projec…

World Bank Funds Uzbekistan to Repair Natural Gas Pipeline Network Leaks

The World Bank recently approved a $10.6 million grant to support Uzbekistan in repairing leaks in its aging natural gas transmission system. This project aims …

CNPC Chairman Dai Houliang Meets with Turkmenistan's Deputy Prime Minister Agazhanov

Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), met with Serdar Agazhanov, Deputy Prime Minister of Turkmenistan, in Beijing. The two sid…

YPF Argentina and SLB Collaborate on Training to Boost Vaca Muerta Shale Technology

The Vaca Muerta Institute (Instituto Vaca Muerta, IVM), jointly established by Argentina's national oil company, YPF, and the global energy technology servi…

Re Sustainability and Indian Oil Corporation Launch Waste Oil Recycling Project in India

Re Sustainability has signed a Memorandum of Understanding with Indian Oil Corporation Limited to launch India's first nationwide program for used lubricati…

UK and Europe Advance Fischer-Tropsch Technology to Expand Sustainable Aviation Fuel Feedstock Sources

As sustainable aviation fuel (SAF) gradually shifts from planning to actual construction, the issue of feedstock supply is becoming increasingly prominent. Earl…

BPCL Commissions Compressed Biogas (CBG) Plant in Brahmapuram, Kochi, India

Bharat Petroleum Corporation Limited (BPCL) inaugurated its Compressed Biogas (CBG) plant in Brahmapuram, Kochi, Kerala, India. The CBG plant inauguration was p…

Blackstone's 694-MW Magnolia Natural Gas Power Plant Commences Operations in Louisiana

Blackstone Energy Transition Partners, under Blackstone, announced that the Magnolia natural gas power plant in Plaquemine, Louisiana, has been completed and co…

Hungary to Build New Oil Pipeline with Serbia

Croatian Prime Minister Andrej Plenković stated that Croatia is capable of ensuring crude oil supply to Hungary and Slovakia to address the disruption in oil s…

Three Major SAF Registries Collaborate to Drive Sustainable Aviation Fuel Market Integrity

The Civil Aviation Decarbonization Organization (CADO), 123Carbon, and the Assure SAF Registry have entered into a cooperation agreement aimed at achieving inte…

US Republicans Investigate Environmental Groups Opposing Alaska's Willow Oil Project

US House Republicans have recently launched an investigation into six environmental organizations, stemming from these groups' opposition to ConocoPhillips&…

Turkey Expands Natural Gas Trade Through Overseas Upstream Cooperation

Turkey has recently enhanced its momentum for expanding overseas upstream business by signing multiple cooperation agreements with international oil majors. Thi…