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Oil industry
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…
Crude Oil
SINOPEC Launches Training Program for Over 800 Ugandans
SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk…
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…
Nuclear waste
Supreme Court Wrestles With US Agency’s Nuclear Waste Storage Licensing Power
The U.S. Supreme Court grappled on Wednesday over whether the Nuclear Regulatory Commission has the authority to license certain nuclear waste storage facilitie…
Oil Field
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal
A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 23, 2019.Two large earthquakes th…
Crude Oil
Venezuelan Oil Output Recedes as Washington Threatens New Sanctions
The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage.Venezuela’s crude pro…
Oil Price
Election Euphoria Ends For Oil Prices
The International Energy Agency (IEA) expects there to be an oil surplus of more than 1.0 million bbl next year based upon a continuing decline in demand center…
Oil&Gas Drilling
New Technology Helps US Shale Oil Industry Start to Rebuild Well Productivity
Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/ File photo Purchase Licensing Rig…
Oil & Gas Trade
US, Venezuela to Announce Oil Sanctions Deal on Tuesday -Report
The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on C…
Oil & Gas Trade
Delta Community Threatens to Shut Down Oil Production
Nigeria’s oil industry may lose 20,000 barrels of petroleum crude per day as palpable tension grips the Otumara Flow Station operated by Shell Petroleum D…
Oil & Gas Trade
Rupee Crisis Costs Refinery rs750M on Crude Import
Pakistan’s oil industry is feeling the pinch of a plunging rupee that has made crude imports more costly and forced one refinery to book a hefty loss on a…
Oil Exploration
Totalenergies' $27BN Bet on Iraq Boosts Ailing Oil Industry
Pouyanne at the signing ceremony for the dealTotalEnergies’ signing of a long-stalled $27 billion deal to develop several energy-related projects in Iraq …
Renewable Diesel
‘Abnormal’ EU Biodiesel Imports Hit Rapeseed Market: Fediol
An "abnormal" rise in imports of biodiesel classified as waste-based has hit rapeseed prices in Europe, vegetable oil industry group Fediol said, calling for an…
Crude Oil
Iran, Russia Sign 10 Oil Cooperation Deals
Iran and Russia on Wednesday signed 10 documents for cooperation in the oil industry in the Iranian capital Tehran, according to Shana News Agency affiliated to…
Oil & Gas Trade
Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization
KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…
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