ConocoPhillips to Slash Workforce By Up to 25%
ConocoPhillips will reduce its workforce by 20–25% as part of a broad reorganization announced to employees this week, according to a new Reuters report. The company said reductions will occur…
Eni, BP To Invest $5 Billion in Angola as Output Drops Below 1M BPD
Eni-BP joint venture Azule Energy will invest $5 billion in Angola over the next five years and drill 18 wells, with two-thirds operated by the company, according to a Reuters…
OPEC+ In Process of Retaking Market Share
Wednesday September 03, 2025 – OPEC+ is in the process of retaking market share, SEB analysts said.
Saudi Arabia Leads OPEC Output Increase
OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just…
Angola urges more onshore investment to boost oil production
(Bloomberg) – Angola’s president urged energy companies to boost investment in onshore oil fields to counter a sustained decline in crude production. “Onshore exploration must be stimulated and promoted,”…
Germany’s Energy Future Hinges on Renewables
Germany could face a gap in power supply if the rollout of renewable energy power generation stalls, the federal regulator warned in a report on Wednesday. Germany’s power supply is…
Shell Abandons Rotterdam Biofuels Project
Shell has abandoned plans to proceed with the construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam, amid challenging market conditions that makes the project…
Trump Accuses China of Conspiring With Russia and North Korea Against the US
U.S. President Donald Trump said that Chinese President Xi Jinping is conspiring with Russia’s Vladimir Putin and North Korea’s Kim Jong Un against the United States as the three leaders…
EOG Resources and ADNOC Start Drilling at UAE Shale Play
Abu Dhabi’s oil and gas giant ADNOC has drilled some horizontal wells and tested oil to the surface at a shale play in the United Arab Emirates operated by EOG…
Lhyfe delivers first batch of green hydrogen in the Netherlands
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