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House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th
Oil & Gas
Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output
Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivale
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro
Oil & Gas
Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd
Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq
Oil & Gas
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 & Gas
Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry
Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its
Oil & Gas
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor
Oil & Gas
MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana
MODEC, a global leader in offshore floating solutions, has secured a contract from ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offl
Oil & Gas
Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project
Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th
Oil & Gas
U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds
In 2024, U.S. crude oil production increased by 270,000 barrels per day (bpd), reaching an average of 13.2 million bpd, according to the U.S. Energy Information
Oil & Gas
Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say
QatarEnergy has raised the term price for al-Shaheen crude oil for June-loading cargoes, setting it at a $1.76 per barrel premium above Dubai quotes, according
Oil & Gas
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins

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Turkmenistan Expands Oil Production at Uzynada Field

Crude Oil

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease

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

USA Crude Oil Inventories Rise Week on Week

US Eases Downhole Commingling Policy to Boost Oil Production

Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd

SINOPEC Launches Training Program for Over 800 Ugandans

Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry

Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields

MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana

Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project

U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds

Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say

Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada

Turkmenistan Expands Oil Production at Uzynada Field

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures

EIA Confirms Turkmenistan’s Rising Oil Reserves

Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures

Iran Clears Oil Spill in Northern Gulf Region