Petroleum

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…
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…
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 …
Renewable Diesel
Marathon Reports Improved Q1 Earnings for Renewable Diesel
Marathon Petroleum Corp. announced on May 6, 2025, that its renewable diesel segment achieved improved first-quarter EBITDA, driven by higher facility utilizati…
Crude Oil
Exxon Plans $1.5 Billion Investment in Nigerian Oilfield
ExxonMobil, a global energy company, plans to invest $1.5 billion in its deepwater operations in Nigeria, according to the Nigerian Upstream Petroleum Regulator…
Crude Oil
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…
Crude Oil
USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR…
China
Syensqo and Sinopec Collaborate on Advanced Materials and Specialty Chemicals
Syensqo, a global leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have entered into a Strategic Partn…
Green Hydrogen
KFUPM Launches Research Project to Improve Green Hydrogen Feasibility
King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia has initiated a research project to enhance the economic viability of green hydrogen prod…
Green Hydrogen
Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt
In Cairo, Egypt, Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Marco Villa, Chief Business Officer of Technip Energies, an Italia…

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Petroleum

China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field

Sinopec Launches First Floating Offshore Solar Plant in China’s Seawater Zone

US Winds Down Exports of LPG to Venezuela, Treasury Says

Marubeni and Sinopec to Explore Lower-Carbon Marine Fuels in Strengthened Collaboration

Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion

Nigeria’s Dangote Refinery Agrees to Export Polypropylene With Vinmar

US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve

Occidental Reports Quarterly Profit Beat on Strong Output, Natural Gas Prices

Marathon Reports Improved Q1 Earnings for Renewable Diesel

Exxon Plans $1.5 Billion Investment in Nigerian Oilfield

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

USA Crude Oil Inventories Rise Week on Week

Syensqo and Sinopec Collaborate on Advanced Materials and Specialty Chemicals

KFUPM Launches Research Project to Improve Green Hydrogen Feasibility

Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt