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Czech Republic
Orlen Unipetrol to Sell Lubricants Plant in Kolín, Czech Republic
ORLEN Unipetrol Group, based in Prague, Czech Republic, has chosen to cease activities at its industrial site in Kolín and make it available for purchase…
Oil Refinery
SOCAR Agrees to Buy Oil Refiner Italiana Petroli, Sources Say
Italiana Petroli’s founding Brachetti-Peretti family has agreed to sell the oil refiner to the State Oil Company of Azerbaijan (SOCAR), handing the buyer …
Metal
Genesis Receives Approval for Tower Hill Stage One Project in Western Australia
Genesis has received Stage 1 Mining Proposal and Mine Closure Plan approval from the Department of Mines, Petroleum and Exploration for its Tower Hill project i…
Oil Field
New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037
OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, l…
Oil and Gas Equipment
PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal
On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petrol…
Oil Shale
China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field
China has achieved a key milestone in shale gas exploration with the discovery of a large-scale deep shale gas field in its southwestern region, with proven res…
Wind Power Project
Ecopetrol Completes Acquisition of Windpeshi Wind Project in Colombia
Ecopetrol, Colombia’s state-owned energy company, has acquired full ownership of Compañía Wind Autogeneración, the entity managing th…
Solar Power Plant
Sinopec Launches First Floating Offshore Solar Plant in China’s Seawater Zone
China Petroleum & Chemical Corporation (Sinopec), in collaboration with Shandong Province and Qingdao Municipality, has begun operations at China’s first …
Oil & Gas Trade
US Winds Down Exports of LPG to Venezuela, Treasury Says
On July 7, 2025, the U.S. Treasury Department announced the termination of a license permitting shipments of liquefied petroleum gas (LPG) to Venezuela’s …
China
Marubeni and Sinopec to Explore Lower-Carbon Marine Fuels in Strengthened Collaboration
Marubeni Corporation, a Japanese conglomerate, has entered into a new strategic partnership with Sinopec Fuel Oil Sales, a subsidiary of China Petroleum & Chemi…
LNG
Woodside Energy Signs LNG Supply Deal With Petronas Unit
On June 18, 2025, Australia’s Woodside Energy (WDS.AX) announced a new agreement with a subsidiary of Malaysia’s Petroliam Nasional (IPO-PETO.KL). T…
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…
Nigeria
Nigeria’s Dangote Refinery Agrees to Export Polypropylene With Vinmar
Dangote Petroleum Refinery and Petrochemicals has entered a partnership with Vinmar Group, an international petrochemicals distribution company, to distribute D…
Crude Oil
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the wor…
Natural Gas
Occidental Reports Quarterly Profit Beat on Strong Output, Natural Gas Prices
Occidental Petroleum announced on Wednesday that its first-quarter profit for 2025 exceeded Wall Street expectations, driven by robust production and favorable …
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