Oil

Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022

Driven by climbing energy prices and improving industry fundamentals, the stock prices of U.S. oil giants ExxonMobil and Chevron have shown strong performance r…

Kazakhstan's Tengiz Oil Field Resumes Production with Output Gradually Increasing

Kazakhstan's largest oil field, the Tengiz oil field, has begun to resume oil production. The field is operated by Tengizchevroil, a joint venture led by Ch…

ExxonMobil and Kazakhstan Discuss Deepening Energy Investment Cooperation

According to the Ministry of Foreign Affairs of Kazakhstan, Kazakh Foreign Minister Yermek Kosherbayev held talks with ExxonMobil Senior Vice President Peter La…

Increased Investment in Natural Gas Exploration in Queensland, Australia Expected to Boost Supply and Ease Energy Price Pressures

The Queensland Government recently announced the designation of preferred tenderers for three natural gas exploration blocks in the Cooper-Eromanga Basin, aimin…

Chiyoda Corporation Secures FEED Contract for Qatar's North Field West LNG Project

The Japanese engineering company Chiyoda Corporation has recently secured a new contract for a liquefied natural gas (LNG) project. The project is commissioned …

Vietnam Electricity Group Secures Financing from Four State-Owned Banks for Quang Trach II LNG Power Plant

Recently, Vietnam Electricity Group (EVN) signed loan agreements with four state-owned banks, successfully securing financing for its Quang Trach II Liquefied N…

Lion Energy Discovers Potential Oil Field on Seram Island, Indonesia

Australian-listed company Lion Energy Limited recently issued an announcement, revealing the discovery of a potential oil field in the Bula Bay area on Seram Is…

Venezuela Officially Launches Liquefied Petroleum Gas Exports

On January 16, Venezuelan Acting President Delcy Rodríguez announced at the National Productive Economy Council meeting that Venezuela has signed contrac…

USA Corning Receives Nearly $1 Million Federal Grant to Replace Wastewater Treatment Plant Boilers

The City of Corning in New York State, USA, received a federal grant totaling $984,000.Relevant information indicates that these funds will be used to replace t…

Larsen & Toubro Secures EPC Contract from ONGC for Dahej Petrochemical Complex Storage Tanks

India's Larsen & Toubro (L&T) announced that it has secured a lump-sum turnkey contract from the state-owned energy company Petronet LNG Ltd. The contract i…

Standard Bank Backs $285M Acquisition in Nigeria’s Gas Sector

Standard Bank has arranged a $285 million structured financing package to enable BlueCore Gas InfraCo to acquire Glover Gas & Power, the sole owner of Axxela &n…

Shell Invests in Water Injection Project for Kaikias Field in US Gulf of Mexico

Shell announced that its subsidiary, Shell Offshore Inc., has decided to invest in a water injection project for the Kaikias field in the US Gulf of Mexico.It i…

BP Agrees to Sell 65% Stake in Castrol for $10 Billion

Recently, BP announced that it has reached an agreement with Stonepeak to sell a 65% stake in Castrol to Stonepeak for $10 billion.BP stated that upon completio…

Contract Signed for New Subsea Pipeline Construction at Turkey's Sakarya Gas Field

Italian energy engineering company Saipem has recently signed a new contract worth approximately $425 million with the Turkish Petroleum Offshore Technology Cen…

Harbour Energy to operate Zama oil project in Mexico

The Zama partners, encompassing Pemex, Grupo Carso, and Talos Energy, agreed to the appointment.UK based independent oil and gas company Harbour Energy has been…