Oil and Gas
Vår Energi extends the service life of the Goliat field through 2050
The Goliat Gas Export project will increase oil production and enable gas exports from the Barents Sea.
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Oil and Gas
BP prioritizes oil production and refining with a new structural reform
The corporation is moving away from its low-emissions division to focus on profitability through hydrocarbon production and refining.
Oil and Gas
Japan will allocate $10 billion to strengthen energy supply in Asia
Japan will allocate $10 billion to secure oil supply and strengthen energy security in Asia.
Oil and Gas
IEA evaluates releasing more oil reserves if the global energy crisis continues
The situation is aggravated by the naval blockade in the Gulf of Oman, a measure that restricts commercial flow and poses a latent risk…
Oil and Gas
IMF warns of global recession risk due to energy crisis
Central banks will be forced to maintain restrictive policies to contain inflation that is proving resistant to decline.
Oil and Gas
US Refineries Adjust Gasoline Blend for Summer RVP
The U.S. Energy Information Administration (EIA) analyzes how volatility (RVP) and octane dictate gasoline costs in the U.S. 95% of the market uses E10…
Oil and Gas
U.S. crude oil inventories surprise the market and put pressure on prices
The unexpected increase in U.S. crude oil inventories defies market forecasts and reshapes global expectations.
Oil and Gas
IEA Warns of Crude Oil Supply Collapse Due to Strait of Hormuz Closure
The closure of the Strait of Hormuz reduces crude oil flow to 3.8 million barrels per day and causes a historic deficit in energy…
Oil and Gas
PETRONAS guarantees fuel supply in Malaysia until June 2026
PETRONAS confirms fuel availability in Malaysia until June 2026 despite global energy volatility.
Oil and Gas
Greece Signs Contract with ExxonMobil and Energean for Gas Drilling in the Ionian Sea
The intention is clear: to transform Greece into a logistics and production hub that contributes to the diversification of energy sources across the continent.
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