News

As President Donald Trump moves forward with plans to dismantle former President Biden’s renewable energy initiatives in favor of fossil fuels, environmentalists and climate advocates are gearing up for a…

Mexico’s state-owned oil company, Pemex, reported a significant 44% decline in crude oil exports in January, reaching just 530,000 barrels per day, marking the lowest export rate in decades. This…

Iraqi Kurdistan and the federal government have reached an agreement to resolve long-standing oil disputes, a development that will allow Russian companies to resume their operations in the region, according…

The United States has granted a 30-day suspension of sanctions on the Serbian oil company NIS, which is majority-owned by Russian firms and operates the country’s sole oil refinery, Serbian…

BP PLC announced on Tuesday that it has finalized the contractual terms with Baghdad for a significant oil and gas exploration and production project in Iraq’s Kirkuk province. The agreement…

Brazil’s oil regulators have ordered temporary suspensions of several offshore drillship operations, citing what industry executives described as minor technical issues that typically would not disrupt normal drilling activities. These…

Last week, former U.S. President Donald Trump announced the formation of the National Energy Dominance Council, a new initiative designed to strengthen America’s energy security and reduce its reliance on…

Goldman Sachs has projected that a proposed 10% tariff on U.S. oil imports could result in a $10 billion annual loss for foreign producers, particularly those from Canada and Latin…

The United States has imposed sanctions on four Indian companies, accusing them of facilitating Iran’s petroleum and petrochemical industry, as part of Washington’s ongoing efforts to exert pressure on Tehran’s…

A significant discovery of new gas and oil reserves has been made in the Waziristan block of Khyber Pakhtunkhwa, Mari Energies announced on Tuesday. The discovery occurred during drilling operations…

The Trump administration has ramped up efforts to pressure Iraq into restarting Kurdish crude oil exports, implicitly threatening economic sanctions in the process. This move is a key component of…

Italian oil field services provider Saipem has announced a strategic merger with its rival Subsea7, forming a new entity called Saipem7 in a deal valued at over $4.6 billion. The…

A pressure group, the Initiative for Good Leadership and Development, has called on President Bola Tinubu to prioritize the revival and completion of the northern oil exploration project at Kolmani…

Exxon Mobil Corp. is advancing its large-scale gas project in Guyana, which will now include the construction of fertilizer plants, according to Alistair Routledge, the head of Exxon in Guyana.…

The Kremlin has signaled its openness to the return of American oil companies, suggesting that a shift in political dynamics could pave the way for renewed partnerships. Kirill Dmitriev, head…

Recent U.S. tariff threats have prompted Canadian policymakers to reconsider the long-abandoned Alberta-to-coast pipeline projects, which could have diversified Canada’s oil and gas exports beyond its reliance on the U.S.…

President Donald Trump is aiming to reduce the financial burden on American households and businesses by leveraging Republican support in Congress for a series of tax cuts and policies aimed…

India significantly increased its oil imports from Iraq in January, surpassing 1 million barrels per day (bpd), according to trade data released on Thursday. The figures reveal that India imported…

The Group of Seven (G7) is contemplating a move to tighten the price cap on Russian oil in a bid to curb Moscow’s revenue from oil exports, as the war…

Kazakhstan and Hungary have solidified an agreement to begin test deliveries of Kazakh oil to Hungary via the Druzhba pipeline in 2025. The deal follows a high-level meeting between Kazakh…