Oil and Gas
Increase in crude inventories puts pressure on oil
The sharp increase in U.S. crude inventories surprised the market and immediately put pressure on Brent and WTI prices.
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Oil and Gas
Chevron resumes selling Venezuelan crude to Reliance in India
Chevron agreed a Boscan cargo for Reliance, and the shipment is sailing to India on the Ottoman Sincerity.
Oil and Gas
Canada prepares assistance for Cuba amid growing pressure from the United States
The Canadian government is considering providing support to Cuba as the island faces a severe fuel shortage caused by U.S. energy sanctions.
Oil and Gas
Woodside Energy strengthens its global position with $2.7 billion in profits
The company’s operational strength was evident after the close of fiscal year 2025.
Oil and Gas
India raises its reliance on foreign oil imports to nearly 89% of consumption
The country has imported peaks of 5.2 million barrels per day and is actively seeking to diversify its sources to reduce exposure to specific…
Oil and Gas
Saipem and Aramco Award Safaniya Field Project in Saudi Arabia
The company will install a 48-inch trunk line to strengthen the transport infrastructure in the Safaniya field.
Oil and Gas
Technip Energies Announces Award of Coral Norte Floating LNG Project in Mozambique
The global energy industry is focusing its attention on the East African coast following the formalization of strategic agreements for the expansion of gas…
Oil and Gas
DOI announced new regulations for the dismantling of oil platforms
The new regulation comes after a public consultation process that received more than 2,000 comments.
Oil and Gas
Kuwait opens its pipeline network to global funds in a major deal
Kuwait moves towards a 25-year pipeline concession to attract $7 billion in foreign investment.
Oil and Gas
Eni Prepares to Approve Mega-Investment in Offshore Gas in Indonesia
Italian energy company Eni will announce in March its final decision on two key deepwater gas projects in Indonesia.
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