Oil Majors Beat Back $4.2 Billion Fine in Kazakhstan
A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive $4.2 billion environmental fine over sulfur storage practices. The North Caspian Operating…
OPEC+ Nears Decision Point on Next Oil Output Hike
OPEC+ is inching toward a pivotal decision this weekend: whether to greenlight another 548,000 bpd in production hikes for September, effectively fast-tracking the return of 2.2 million bpd in voluntary…
Enbridge Books Record Core Earnings on Power and Gas Demand
Enbridge posted record core earnings, or EBITDA, for the second quarter of the year on the back of strong liquids flows through its pipelines and soaring demand for power generation…
bp hits oil at deepwater Brazil exploration well
bp today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos…
How hydrogen risks are being supported in steelmaking
Decarbonised hydrogen, whether through turning grey hydrogen blue by carbon capture or via green hydrogen using renewables-powered electrolysers, goes to the heart of the energy transition. In carbon-intensive industries like…
Analysts Offer Prediction for Next OPEC+ 8 Meeting
Friday August 01, 2025 – The next OPEC+ 8 meeting is currently scheduled to take place on Sunday.
Record Permian Output Boosts Exxon’s Q2 Results
Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production…
Chevron Tops Profit Estimates on Record-High Oil and Gas Output
Chevron Corporation (NYSE: CVX) beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs. Chevron reported…
Sanctioned Russian Oil Ships Await Clarity Off Indian Coast
While Indian refiners are scrambling to understand the implications of President Trump’s threatened “penalties” on India for buying Russian oil, at least four tankers carrying crude cargoes from Russia were…
Linde bullish on core industrial gases as low-carbon demand beds in
Linde is maintaining a bullish outlook on its core industrial gases business, as demand for low-carbon products continues to grow, despite the fading hype surrounding energy transition technologies. In the…
