Industry News

Tullow Oil Plc appointed former Trafigura Group executive Roald Goethe as chairman.

Despite a bearish outlook, geopolitical risks from Russia to Venezuela helped lift WTI and Brent into positive territory.

In its latest short term energy outlook, the EIA lowered its U.S. total energy consumption forecast for 2025 and 2026 but still projected an increase in demand from this year to next year.

Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs.

North America dropped 17 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Eight OPEC+ countries met virtually on November 30 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.

The German multinationals signed a 'framework agreement' for the construction of six commercial ammonia plants toward the establishment of a scalable hydrogen import terminal in Wilhelmshaven.

The Caspian Pipeline Consortium, which handles most of Kazakhstan's crude exports through Russia to the Black Sea, halted loading after one of its three moorings was damaged amid overnight Ukrainian attacks in the region.

ADNOC Gas signed a long-term deal worth $3.5-4.2 billion to supply natural gas to Emsteel.

TotalEnergies completed the sale of its 12.5 percent stake in Oil Mining Lease 118, which contains the producing Bonga field, to partners Shell and Eni for $510 million.

The plant processes output from the Quiluma and Maboqueiro shallow-water fields and sends the treated gas to the Angola LNG plant for export.

Ukrainian forces say they have once again attacked Rosneft PJSC's Saratov oil refinery in Russia's Volga region.

Prime Minister Mark Carney lost a cabinet minister over his oil pipeline agreement with Alberta.

Oil posted a fourth monthly loss.

Ukraine's security service claimed strikes on two ocean-going tankers sanctioned for carrying Russian oil.

Two ocean-going tankers that are heavily sanctioned for carrying Russian oil suffered near-simultaneous blasts off Turkey's Black Sea coast.

An oil tanker from Russia's shadow fleet reportedly hit a mine and was at risk of sinking north of Turkey's coastline, a local port agent said.

Brazilian oil major Petrobras announced a two percent decrease in its next five-year investment plan to $109 billion.

Pions, previously named eDrilling, announced that it was 'taking another big step on the path toward Artificial Engineering Intelligence (AEI)'.

In its latest short term energy outlook, the U.S. Energy Information Administration increased its U.S. crude oil production forecast for 2025 and 2026.