Asia’s Fuel Imports Slump to Five-Year Low
Asia’s imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer…
Petrobras Considers Return to Nigerian Oil Sector
Brazil’s Petrobras plans to return to Nigeria’s oil industry, to focus on deepwater exploration, Nigeria media have reported, citing a senior government official. “We have not maximally capitalised on the…
Why Is the Oil Price Dropping Today?
In an exclusive interview with Rigzone on Thursday, Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, said the oil price is…
Venture Global Pushes Regulators To Greenlight LNG Plant
Venture Global, the LNG operator, has asked the Federal Energy Regulatory Commission to greenlight its third liquefaction plant, in Louisiana, by June 26. The company previously said it plans to…
Strathcona Resources Sells Montney Shale Assets for $3 Billion
Strathcona Resources has exited the Montney shale after striking deals to sell its assets there to three companies, including ARC Resources and Tourmaline Oil. The company also acquired the Hardisty…
ADNOC’s XRG Takes Stake in Offshore Gas Block in Turkmenistan
XRG, the newly created energy investment firm of Abu Dhabi’s national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas…
Video | How will the Trump administration impact CO2 markets?
Bruce Woerner, CO2 Consultant at Woerner CO2 Consulting; and Tomáš Suchý, Senior Product Manager at Linde Engineering, discuss how the second Donald Trump administration will impact CO2 markets both in…
Aramco Pens $90B Deals with US Companies
Saudi Arabian Oil Co. (Aramco) on Thursday announced agreements and memorandums of understanding (MOUs) with United States companies spanning its operations from refining and liquefied natural gas (LNG) to artificial…
UK SAF revenues to be funded through aviation industry levy
The UK government has confirmed that the revenue certainty mechanism for sustainable aviation fuels (SAF) will be funded through a levy on aviation fuel suppliers. How SAF will be funded…
OPEC+ Production Fell in April Despite Pledge to Start Hiking Output
All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
