200 stories found
Reports indicate former US President Donald Trump has acquired a financial interest in Venezuela's oil industry, with close associates reportedly benefiting from the arrangement.
Nigeria’s second-quarter economic expansion accelerated to 4.43 percent, largely fueled by a recovering oil industry and pushing the nation closer to its goal of reaching a one-trillion-dollar gross domestic product.
A newly reported agreement between the United States and Venezuela grants American entities extensive access to the South American nation’s oil reserves. The deal has sparked intense criticism from both ruling and opposition factions within Venezuela over its political and economic implications.
Gapki, Indonesia's leading palm oil industry group, cautioned that severe weather and operational challenges are driving sharp drops in crop output.
The Conservative Party welcomes the oil industry's request to explore the controversial Nordland 6 zone, while the Progress Party advocates for even broader access, drawing sharp criticism from the Green Left party.
A German SPD vice-parliamentary leader is expanding demands for market interventions, including a windfall tax and a fuel price cap, suggesting the oil industry is taking advantage of the situation.
Oil industry veteran Bosun Olabiyi-Agoro has been elected as the new president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). He has vowed to address issues such as casualization within the industry.
Spanish company Dcoop has offered 470 million euros to acquire Deoleo, a major olive oil producer and owner of Bertolli, a move that would create a new global leader in the olive oil industry.
The Norwegian oil industry has abandoned several climate projects and is increasingly falling behind the Storting's 2030 climate targets, despite claims from industry directors that they have made efforts.
MOL's negotiations to acquire NIS (Serbian Oil Industry) are entering their final phase, following the signing of a shareholder agreement with the Serbian government on June 16.
China's rapidly expanding electric vehicle market is reportedly having a quiet but significant impact on global oil demand, potentially undermining key chokepoints in the oil industry.
The oil industry has issued a warning that current refining limitations could contribute to sustained high energy prices.
The article details the origins of the Middle East's oil industry, starting with the discovery in Persia in 1908, and how it subsequently transformed the history of the region.
An Austrian colonel noted that Ukraine's systematic strikes against Russia's oil refining industry are having a significant impact, emphasizing the importance of restricting crude oil exports and curbing the shadow fleet to limit Russia's war financing.
Nigeria is urged to learn from the oil industry's rejection of Sao Tome's oil blocks, where only two companies submitted bids, leading to insufficient competition to determine market value.
The UK's North Sea oil industry is making a last-ditch appeal to prospective Prime Minister Andy Burnham, urging him to approve new drilling projects like Rosebank and Jackdaw in UK waters, aligning with his reindustrialisation agenda.
War analysts suggest that President Putin intends to continue the conflict as long as he is alive, but Russia's position is weakening as Ukrainian drones inflict significant damage on its military and oil industry.
An opinion piece discusses the Prime Minister's 'grand bargain' for Alberta's oil industry, noting that while currently just intentions, it makes it harder for separatists to claim the industry is being hobbled.
OGRA has called a meeting with the oil industry to address a stalemate concerning several regulatory and financial issues, including PDCs, margins, and pricing formulas.
Serbia's energy minister stated that patience is wearing thin in talks regarding the Serbian Oil Industry (NIS), emphasizing that Serbia has fulfilled its obligations, following 30-day licenses granted by the US Treasury to NIS and Hungary's MOL.
The Serbian Oil Industry (NIS) announced its application to the US Treasury’s Office of Foreign Assets Control (OFAC) for a new operating license.
European oil industry leaders are expressing concerns about new methane regulations, but their appeals to Brussels have reportedly been met with no response.
The Serbian government has extended the decree limiting fuel prices for another 60 days, though a general secretary of the Oil Industry Association stated he would argue that further price caps are unnecessary as prices are not expected to 'explode'.
Pakistan's oil industry is protesting unilateral fuel price cuts, estimating losses of around Rs105 billion for refineries and marketing companies. Several oil marketing companies warn of potential bankruptcy and investor withdrawal due to continued policy instability.
A potential US-Iran deal is generating significant discussion regarding its impact on global oil prices and geopolitical dynamics. Analysts are forecasting a possible revival of Iran's oil industry and a reduction in prices, while also noting the deal's implications for US-Iran relations and regional stability.
Engineers from the oil industry are cautioning against delays in the green transition, warning that the phasing out of oil will happen rapidly and has already led to hundreds of job losses.
EnQuest has announced an $833 million investment in Malaysia's offshore oil industry, signaling a significant commitment to the region's energy sector.
Industry soundings suggest that once the Strait of Hormuz reopens, oil flow will quickly transform from a trickle into a significant 'flood' within weeks or even days. This prediction indicates a bearish outlook for oil prices.
Kristian, an 18-year-old born in Norway's oil heartland, is actively campaigning against the oil industry, emphasizing the need for a new plan.
The oil industry has reportedly warned the Trump administration that critically low inventories could lead to a significant spike in gasoline prices.
Oil industry leaders are cautioning that crude prices are set to soar within weeks, citing unprecedentedly low global inventories as the primary driver for the anticipated increase.
After more than two decades of socialism, Venezuela's oil industry is slowly seeing the return of Western companies, aiming to revive the oil-rich nation's struggling economy.
The oil industry in Alaska is experiencing a resurgence, driven by recent discoveries in the Arctic region and favorable policy changes that are attracting renewed interest from the sector.
Iranian knowledge-based companies are slated to contribute to the repair and reconstruction of the country's oil industry, which has sustained damage from past conflicts.
Norway's oil industry vessels will face new, gradually stricter emission requirements starting in 2029. The climate and environment minister states this could drive industry restructuring.
Venezuela has reportedly landed billions of dollars in new oil deals, signaling a rush back into the country's oil industry.
Chevron's CEO issued a direct statement regarding the state of the oil industry and its implications for the global economy, sharing a blunt assessment of current conditions.
The US military engaged Iranian forces in the Strait of Hormuz, reportedly sinking several Iranian boats and downing missiles and drones, in an effort to reopen the strategic waterway and protect commercial shipping. This action followed alleged Iranian attacks on vessels, leading to heightened tensions and diplomatic responses.
The article discusses how oil-rich countries are disproportionately benefiting from the current oil crisis, accumulating significant profits. The distribution of these profits within the oil industry is not uniform.
An opinion piece discusses the significant power of the Organisation of Petroleum Exporting Countries (OPEC) as the richest cartel, comparing its influence to notorious drug lords. It reflects on the long-term implications for the oil industry.
The Serbian Oil Industry (NIS) announced net profits of 2.8 billion Dinars for the first quarter of 2026, despite facing operational challenges.
British advertising conglomerate WPP is accused of breaching its climate policy after a report revealed its involvement in an estimated $1.5 billion in advertising for major oil companies like ExxonMobil, Chevron, Shell, and BP, constituting a 'greenwash' of the US oil industry.
Contrary to some speculation, an analysis indicates that the Iranian oil industry is not facing an imminent collapse or 'explosion' despite ongoing geopolitical pressures.
More than half of the workers in the Norwegian oil industry earn over one million kroner annually, a situation deemed "deserved" by a trade union and a young offshore oil worker.
Azerbaijan's trade with the United States has seen a significant increase, indicating growing confidence in sectors beyond its traditional oil industry.
Serbian opposition politician Nikezić has questioned why the state is not exercising its right of pre-emption to take over management of NIS (Naftna Industrija Srbije). This query highlights concerns over the country's control of its oil industry.
The CEO of Halliburton stated that the U.S. oil industry is in the 'early innings' of a rebound, anticipating a significant ramp-up in drilling activities.
Following the US ousting of Maduro and seizure of Venezuela's oil industry, the country's economy is rapidly transitioning, with the interim government seeking investors despite lacking democratic backing.
Ukraine launched strikes on multiple Russian oil industry facilities, including refineries, an oil depot, and a Baltic Sea port, while also hitting a meat processing plant in the Kharkiv region. Meanwhile, heavy combat engagements continued, particularly in the Pokrovsk and Kostiantynivka sectors, and Russia conducted a missile strike on central Kharkiv.
The Trump administration is hoping that increasing economic pressure on Iran's oil industry will eventually force the country to reopen the Strait, viewing the blockade as a ticking clock.
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
Due to the war in Iran, oil is scarce - and that is causing high fuel prices. However, whether the oil industry or the state receives the largest share depends on the type of fuel.
The oil industry in Pakistan is expressing concerns over potential inventory losses amounting to Rs100 billion, describing a steep reduction in diesel prices as a significant corporate setback and systemic shock.
Venezuela's oil industry is experiencing a resurgence in production and exports, with Chevron playing a key role in processing its crude, though decisions regarding its future remain influenced by Washington.
One in five gas stations in France is reportedly experiencing fuel shortages, though the government and oil industry maintain that reserves are well-stocked and there is no structural scarcity.
Despite dilapidated infrastructure and a shaky government, Venezuelans are holding onto hopes for a resurgence in their oil industry, leveraging the country's vast crude reserves.
Journalist Beth Gardiner highlights the fossil fuel industry's growing reliance on plastic products, exploring its implications for the future in her book 'Plastic Inc.: The Secret History and Shocking Future of Big Oil's Biggest Bet'.
An Iranian demand for tolls in the Strait of Hormuz is being viewed as a potential step away from the rules-based world order, though some doubt its realism. Meanwhile, rules regarding which countries' ships are allowed passage through the strait have been clarified.
Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.
Economic journalist Miša Brkić has elaborated on a new scenario for the sale of Serbia's NIS (Oil Industry of Serbia), confirming information that certain circles within the US Treasury are inquiring among Serbian businessmen about potential involvement.
Iran has struck energy facilities in the Gulf and threatened to escalate retaliation, while state media reports new Israeli-American airstrikes across Iran. Qatar's Press Centre has condemned Iran's targeting of energy facilities, and a US official stated Washington protects Kurdistan and the Gulf from Iran and proxy attacks, highlighting the escalating regional conflict.
MANILA, Philippines — There is no need yet for President Ferdinand R. Marcos Jr. to invoke his emergency powers for the government to temporarily take over the country’s privatized oil industry to…
A drone attack caused a fire in a building in the emirate of Umm Al Quwain, located in the northern United Arab Emirates.
The Trump administration is reportedly set to receive a $10 billion fee from investors involved in the takeover of TikTok's US operations, an exceptionally rare payment for brokering such a deal.
Exclusive | Oil Industry Warns Trump Administration That Fuel Crunch Will Likely Worsen WSJ
Exclusive | Oil Industry Warns Trump Administration That Fuel Crunch Will Likely Worsen WSJ
An article provides an overview of Kharg Island, a small coral outcrop that serves as a critical center for Iran's oil industry, detailing its significance.
Venezuelan state oil company Petróleos de Venezuela has signed an alliance with General Electric aimed at recovering and modernizing the electrical infrastructure critical to its operations.
The White House has outlined details of a major agreement granting US-backed entities control over Venezuelan oilfields previously managed by Chinese and Russian firms. Industry analysts and international observers have raised concerns about the deal's viability, potential market disruptions, and broader geopolitical implications.
The Trump administration is negotiating a substantial American investment in Venezuela’s oil industry, a move that could significantly expand U.S. energy reserves despite high costs and sanctions complexities. Parallel regulatory actions aim to streamline domestic meat processing while the overseas energy push advances.
The upcoming season of the oil industry drama will feature a significant storyline shift for protagonist Tommy Norris and his company, potentially altering the show's direction.
Oil industry leaders are expressing serious concern as gas prices have surged sharply and Europe's reserves are low, warning of unpredictable price effects with a cold winter approaching.
Financial ministers from four of the largest economies in the European Union have signed a letter requesting that the oil industry contribute to covering the costs of expensive energy. This initiative aims to address the burden of high energy prices on consumers and businesses.
Venezuela is grappling with an electricity crisis, plunging citizens into darkness months after the U.S. took over its oil industry and devastating earthquakes struck the country.
Norway's Green Party (MDG) is disappointed with the oil industry's climate cuts and plans to demand repayment of funds from the 2020 crisis package.
Ukraine has confirmed strikes on Russian oil refineries, including one in Orsk, and logistics centers, with reports indicating significant damage and colossal losses for a major online marketplace warehouse. These attacks are occurring deep within Russian territory, far from the front lines.
Donald Trump is currently involved in various legal and business challenges, including a probe into his helicopter's proximity to a passenger plane, questions about his 'Truth API,' and the future of Qatar-gifted Air Force One. These issues coincide with his public appearances and the naming of new battleships after him.
Donald Trump praised Chevron's results on his Truth Social network but called on the company and the oil industry to immediately reduce prices at gas stations. He extended this call to other oil companies as well.
Multimillionaire Charly Kleissner warns against Trump, tech monopolists, and the oil industry, advocating for sustainable economic practices.
Guyana's burgeoning oil industry is becoming more crucial than ever, highlighting its growing importance in the global energy landscape.
Investment firms Blackstone, Brookfield, and KKR have signed a $16 billion deal with Kuwait for its oil pipeline network. This significant agreement involves the acquisition of infrastructure assets related to Kuwait's oil industry.
Pakistan's petrol stocks have fallen to a 14-day cover, causing nervousness in the oil supply chain and prompting the government to address procedural issues and activate enforcement mechanisms to prevent hoarding.
Venezuelan President Nicolás Maduro, through Vice President Delcy Rodríguez, confirmed that recent earthquakes had no impact on the country's oil industry. This assurance aimed to allay concerns about potential disruptions to the vital sector.
The articles focus on a prominent figure referred to as the 'King of the Oil Industry.' This highlights an influential individual within the global oil sector.
The Nigerian Federal Government has begun efforts to streamline over 270 taxes, levies, and statutory charges imposed on its oil and gas industry operators, commissioning PwC for international benchmarking.
The Philippine Department of Energy has formally recommended amendments to the 1998 Downstream Oil Industry Deregulation Act, aiming to protect Filipinos from future global oil shocks with stronger safeguards.
The US Treasury’s OFAC has issued a new operating license to the Serbian Oil Industry (NIS) and extended its shareholders' ability to operate and negotiate sales.
Fossil fuel companies are challenging a $50 billion climate lawsuit in Oregon, which seeks to hold them accountable for a heat wave five years ago. The industry is pushing for the case to be dismissed.
Ukraine is reportedly hitting Russia's oil industry and increasingly isolating Crimea with drone attacks, but experts suggest it lacks the necessary soldiers for significant territorial gains.
Dmitry Peskov, the Russian president's press secretary, has confirmed ongoing contacts with Serbia concerning the Serbian Oil Industry (NIS). However, Peskov declined to provide further details about the discussions.
Following Ukrainian attacks, Russian-held Crimea has halted civilian gasoline sales and restricted fuel to government agencies. Ukrainian officials and commanders suggest that the situation in Crimea could be a turning point in the conflict.
Former Minister of Petroleum Resources, Diezani Alison-Madueke, suggested that her efforts to combat corruption in Nigeria's oil industry and the powerful interests she affected contributed to her subsequent legal and political challenges.
Hungarian and Serbian media outlets have reported that the MOL Group has been granted an extension by OFAC to complete negotiations for the purchase of a majority stake in the Serbian Oil Industry (NIS).
One of the largest structures in the North Sea oil industry, the 24,200-ton Brent Delta platform, has been successfully removed in just 10 seconds after ceasing oil production.
Iran is utilizing all available resources and capacities to reconstruct its oil industry facilities that were damaged during wartime. The effort aims to restore and enhance the country's oil production infrastructure.
The oil industry in Pakistan is opposing the government's policy interventions regarding inventory gains recovery, insisting that fair principles should be followed.
The oil industry is bracing for a significant demand shock due to the ongoing crisis in Iran, with prospects for a rapid and full reopening of the Strait of Hormuz appearing bleak.
Hundreds of workers have been laid off at the Worley Rosenberg shipyard, with an expert warning that this could be a precursor to a larger downturn for the entire oil industry.
Ukrainian President Volodymyr Zelensky has announced plans for new long-range strikes against Russian territory, specifically targeting its oil industry. This decision follows a meeting with military commanders and is framed as retaliation against Moscow.
Alaska's resurgent oil industry is sparking a renewed interest and a new energy rush into the Arctic region.
Negotiations between Hungarian MOL and Russian Gazprom for the sale of Gazprom's stake in the Serbian Oil Industry (NIS) are reportedly in their final stages, attracting multiple potential buyers.
Discussions are underway regarding the future of NIS (Oil Industry of Serbia), with the Serbian state exploring 'plans B and C' and considering whether to invoke its pre-emptive right to purchase shares in the company.
Experts and advocates fear that billions in windfall profits for the oil industry, attributed to the 'Iran war,' could entrench Trump-era political wins and slow the transition to clean energy.
Serbian Energy and Mining Minister Dubravka Djedovic Handanovic announced on Tuesday that discussions with the Russian majority owner of the Serbian Oil Industry (NIS) are proceeding well.
An article discusses potential changes in Venezuela if President Maduro were gone, with US officials suggesting they would 'unleash prosperity' by controlling the oil industry, though many in Caracas believe more would be needed.
The article discusses the beneficiaries of the oil crisis, highlighting that profits within the oil industry are not distributed equally. It examines which oil-rich nations are profiting most from the current situation.
Despite U.S. officials' promises to 'unleash prosperity' by taking control of Venezuela's oil industry after Trump's efforts to oust Maduro, many Caracas residents report that daily life has seen minimal improvement.
Donald Trump is facing a critical deadline regarding potential strikes on Iran, with reports indicating he will be briefed on military options. The situation has led to an impasse, with analysts suggesting Trump is more likely to continue a 'game of chicken' than launch an attack.
Analysis: US blockade is squeezing Iran’s all-important oil industry AP News
According to the Petroleum Chamber, less than 30% of Venezuela's oil wells are currently in operation, highlighting significant challenges in the country's oil industry.
The oil industry in Pakistan has requested the State Bank of Pakistan to extend the permission for importing petroleum products on a cost, insurance, and freight (CIF) basis for two months or until market conditions stabilize, aiming to ensure continuous supplies.
The head of the International Energy Agency has stated that the conflict involving Iran has permanently altered the global oil industry. He emphasized that the damage is done and things have changed forever.
Cancelled flights are affecting Norway's oil industry, with the NHO business confederation expressing fears of significant cuts.
Venezuela's interim government is actively seeking foreign investors for its oil industry, which is undergoing rapid transition after the US ousted Maduro. The government aims to reform the sector but faces challenges due to a lack of democratic backing.
Venezuela is in discussions with Siemens and General Electric to enhance its electrical grid, a critical step for its oil industry which requires significant investment and reliable power.
The Nigerian Federal Government has launched a plan to revitalize the nation's palm oil industry, projecting annual import savings of up to $500 million through new large-scale estates and processing facilities.
Officials from the Trump administration have reportedly called upon the oil industry to boost production in response to ongoing conflict.
A Bloomberg commentary discusses the concept of making oil drilling "woke" again, likely examining the integration of environmental, social, and governance (ESG) principles within the oil industry.
Christopher Eppinger, a young trader who reportedly made $250 million from Russian crude, is now turning his attention to the burgeoning oil industry in Guyana. He expresses excitement over the opportunities presented by the South American nation's oil boom.
Economic Planning Secretary Arsenio Balisacan urged the Philippine Competition Commission and the Energy Regulatory Commission to investigate potential cartel-like behavior within the oil industry.
Venezuela's oil industry is experiencing a resurgence in exports, with Chevron processing its oil, while decisions regarding the industry are being made in Washington.
A report highlights a significant claim made by an individual named Bessent concerning Iran and its oil industry.
Romanian trade unionists from CNSLR - Frăţia have warned that additional taxation on the oil exploration and production sector would severely impact the industry and threaten social stability, accusing the government of neglecting decent living standards.
The U.S. government is considering using 'national security' as a justification to exempt the oil industry from protecting endangered Gulf animals, a move that would be unprecedented for the 'God Squad' committee.
Iran-linked hackers have publicly claimed responsibility for breaching the personal email of FBI Director Kash Patel, publishing photographs, a resume, and other personal documents. A Justice Department official has confirmed the breach, which has been widely reported by international media, with the Handala hack team specifically claiming responsibility for the attack on Friday.
Unii dintre cei mai importanți directori din industria petrolului și miniștri ai energiei, reuniți luni la Houston, și-au exprimat îngrijorarea tot mai mare cu privire la efectele pe termen lung ale…
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the operating license for the Serbian Oil Industry (NIS) until April.
Consumers are seeing fuel prices rapidly rise as the Iran war has triggered the biggest oil supply disruption in history.
The US embassy in Baghdad has been targeted by a drone and rocket attack, raising concerns about security in the region.
The largest trade union in the Philippines has called on President Ferdinand Marcos Jr. to enforce emergency powers under the oil deregulation law. This comes ahead of another round of double-digit fuel price hikes, urging the government to temporarily take over the oil industry.
EU foreign policy chief Kaja Kallas has suggested using a model similar to the Black Sea grain deal to unblock the Strait of Hormuz, aiming to facilitate oil and gas transport.
Exclusive | Oil Industry Warns Trump Administration That Fuel Crunch Will Likely Worsen WSJ
Iran has permitted two Indian-flagged LPG carriers and other Indian vessels to cross the Strait of Hormuz, following diplomatic discussions and confirming a rare exception to the blockade.
Because Canada is a net exporter of oil, it doesn't need to keep reserves. But some say that rule is outdated, and our at-capacity oil industry can't do much to help fill the gap created by stalled…
An article highlights the contributions of Split-born geologist Antun Lučić, who played a foundational role in developing the modern petroleum sector in the United States.
Venezuela is undergoing a major structural transformation in its oil industry, with new developments unlocking production capacity and altering long-term market dynamics.
A parliamentary committee member announced the finding of new oil and gas deposits, asserting that Iran's energy sector remains resilient and active even during regional conflict.
Coverage highlights ongoing activities, regulatory updates, and investment trends within Nigeria's offshore oil sector, reflecting the country's energy market dynamics.
Analysis shows that efforts to restore Venezuela's oil industry are progressing more slowly than anticipated by Washington, complicating regional energy dynamics and sanctions policy.
Consolidation within the oil industry is opening up new opportunities for private-equity firms looking to invest in the sector.
Canada's oil industry is experiencing a boom, with looser regulations expected to aid pipeline development, though their impact on overall production remains uncertain.
Former President Trump's potential actions regarding oil industry profits are being discussed, with high gasoline prices seen as a threat to Republican electoral fortunes.
Russia has reported that 12 people have died following an attack targeting an oil industry facility.
Following ExxonMobil, Chevron, Shell, and TotalEnergies, BP is also withdrawing from the North Sea, where production is expensive and volumes are decreasing, despite the overall oil industry seeing high profits.
Suriname's substantial investment in its oil sector, amounting to $26 billion, is now yielding positive returns, indicating a successful venture for the South American nation.
Tonye Cole revealed how the Sahara Group adopted a foreign identity and a fictitious British figure to overcome 'colonial mentality' and ageism in Nigeria's oil industry.
Konrad Nyland, an oil industry veteran, was diagnosed with bladder cancer but is ineligible for compensation as his specific cancer type is not on the government's approved list. This highlights a broader issue for many others in similar situations.
Chevron is the only global oil major initiated with an 'Outperform' rating by Piper Sandler. This assessment highlights Chevron's strong position and potential for growth within the competitive oil industry, according to the analyst firm.
Washington is reportedly considering not only air strikes but also a plan to seize Kharg Island, the heart of Iran's oil industry, prompting Tehran to warn that it will crush all infrastructure in the region.
A fuel crisis in Russia, caused by Ukrainian attacks on its oil industry, has led many Russians, particularly in rural areas, to seek alternative transportation methods, including bicycles and horses.
The oil industry, after a century of traditional exploration, is now seeing a cryptocurrency startup attempt to digitize every barrel of oil using blockchain technology.
Senate President Sherwin Gatchalian is pushing for broader government powers to prevent oil companies from imposing 'unreasonable' fuel prices on consumers, despite the Philippines' deregulated downstream oil industry.
Darren Woods has become the most powerful oil industry chief executive in a generation, leading Exxon's comeback by pushing the limits of corporate power.
At least eight people have been injured following an explosion on an oil drilling platform in Venezuela. The incident has raised concerns about safety in the country's oil industry.
Robots are increasingly being deployed in the oil patch, while Russia is reportedly experiencing an oil windfall amidst the ongoing war in Iran.
India's ONGC is pursuing a stake in two Venezuelan oilfields, a move that necessitates US approval given Venezuela's oil industry decline due to sanctions and economic mismanagement.
The oil industry is protesting a reported Rs104 billion pricing loss, leading to an emergency meeting and warnings of investor withdrawal from the sector.
Iraq anticipates its oil production will recover to pre-war levels within the next two months. This projection signals a significant step towards stabilizing the country's oil industry.
Opposition Party of Freedom and Justice (SSP) leader Dragan Djilas warned against selling the Serbian Oil Industry (NIS) to Hungarian oil and gas company MOL, stating it would be the worst solution.
Thailand has expressed interest in investing in Ghana’s palm oil industry, following discussions with Ghana's Ministry of Food and Agriculture aimed at strengthening agricultural cooperation between the two nations.
A commentary suggests that the reopening of the Strait of Hormuz would be an extraordinary event, potentially leading to a flood of oil for which the industry currently lacks a clear playbook.
Kristian, an 18-year-old born in Norway's oil heartland, is actively campaigning against the oil industry, advocating for a new plan for the country's energy future.
The Trump administration is proceeding with an auction for oil drilling rights in the Arctic National Wildlife Refuge, a move expected to test the oil industry's appetite for new exploration in the sensitive region.
Pakistan's oil industry is protesting against a proposed windfall tax in the upcoming budget and is seeking urgent intervention from the Prime Minister regarding the slow disbursement of price differential claims.
Chevron's entry into Block 10 and ExxonMobil's withdrawal from west of Crete, alongside upcoming drilling in Block 2, are reshaping Greece's energy map.
Jennifer Brush, in an interview with N1, stated that the murder at the '27' restaurant sends a message to the world and highlighted that there has been ample time to resolve the issue concerning the Serbian Oil Industry (NIS). She discussed how the NIS issue weighs on US-Serbia relations.
Independence activists in Alberta, Canada, are advocating for a referendum on independence this fall, claiming that an independent Alberta would be better off due to perceived federal government bias against their conservative values and environmental regulations impacting their oil industry.
The head of Hunt Oil has described the ongoing Middle East conflict as a 'nightmare scenario,' expressing concerns about its potential impact on the oil industry and global stability.
Experts from NOVA SBE and Capgemini stated at the National Olive Oil Congress that artificial intelligence can enhance harvests, control pests, and boost competitiveness in the olive oil industry.
While some European oil companies have prospered, Exxon and Chevron have reportedly benefited less from the Iran war compared to their rivals. The conflict's impact on the oil industry is varied across major players.
Despite promises from Trump officials and Venezuelan allies for a new era of accountability to unlock Venezuela's oil wealth, the country's oil industry remains opaque with secret deals.
President Trump announced that the United States would begin an operation, sometimes called 'Project Freedom,' to guide or escort ships through the Strait of Hormuz. This move aims to address shipping disruptions in the vital waterway and has drawn a warning from Iran.
An analysis discusses the future of the oil industry and its implications for the Caribbean region.
Suriname is undergoing a critical assessment of its oil industry, evaluating its current state and future prospects in the global energy market.
With no way to export the oil it is pumping out and diminishing room to store it at home, Iran may be forced to dramatically reduce or cease production from some of its wells
An analysis highlights the increasing prevalence of institutional rents in strategic economic sectors, extending beyond the oil industry.
A group of former Credit Suisse bankers is reportedly aiming to secure financing for the revival of Venezuela's oil industry.
The CEO of Chevron has stated that Venezuela needs to take more significant steps to facilitate the revival of its oil industry, indicating ongoing challenges and expectations for the nation's energy
Former President Trump's promise to lower oil prices has reportedly clashed with fears expressed by the oil industry regarding potential market impacts.
A new peer-reviewed study from Morocco has for the first time mapped the comprehensive environmental and social footprint of the country's cannabis seed oil industry. The findings were published in the journal Pollutants.
Venezuela's interim government is pursuing reforms in its oil industry, aiming to attract private investors to revitalize the sector following significant economic transitions.
Former minister Catherine McKenna states that oil industry leaders are jeopardizing both the economy and the environment, according to The Globe and Mail.
A trader who previously earned $250 million from Russian crude oil is now reportedly investing up to $60 million into Guyana's burgeoning oil industry.
The US oil industry has voiced its concerns and opposition to a potential war with Iran, highlighting the significant economic and supply chain risks.
The United States has eased sanctions on Venezuela's central bank in an effort to aid the revival of the country's oil industry.
The Italian oil industry association Unem advocates for a responsible approach to fuel prices and dismisses the idea of taxes on extra profits, citing the unresolved situation in the Strait of Hormuz as a driver for higher costs.
While higher crude oil prices provide a significant cash infusion to the oil industry, sustained high prices and market volatility can ultimately present serious drawbacks for business.
Kenya's oil industry is reportedly plagued by issues of fuel fraud and corruption, with long-standing problems turning the sector's promise into intrigue.
The Middle East conflict continues to deepen the global energy crisis, driving oil prices above $109 and causing aluminum prices to explode to record levels, while also prompting a discussion on the US's true energy independence from the region, despite claims by former President Trump. The ongoing conflict has also led to cruise lines canceling and rerouting voyages, with some companies repatriating stranded guests, and Malaysia's Prime Minister has convened a special meeting to ensure supply stability.
Greenpeace has accused oil companies of making 'superprofits' from the Middle East war, while oil futures posted record gains in the first quarter, raising questions about the industry's economic position during the ongoing energy crisis.
Ukraine has intensified its attacks on the Russian oil industry, leading to a reduction in refinery capacity and prompting Russia to announce a ban on gasoline exports in response to the strikes on its oil infrastructure.
Pakistan's federal government has requested provinces like Punjab and Sindh to help shoulder the burden of rising fuel prices, with Rs27 billion already released to settle oil industry claims.
Colombian President Petro is facing criticism for policies that are allegedly detrimental to the country's oil industry.
German lawmakers from the CDU/CSU and SPD are sharply criticizing the mineral oil industry, accusing them of 'pure blackmail' and 'threats' as the Bundestag debates stricter rules to curb rising fuel prices. The industry association warns of potential supply bottlenecks.
An article presents a quiz testing knowledge about Iranian prime ministers, oil pipelines, and architecture, focusing on the country's oil industry.
The key UAE oil hub of Fujairah has suspended loadings as war-related halts mount, following repeated Iranian drone strikes on the facility and other energy sites in the region, further escalating tensions.
Cuba experienced a nationwide blackout, leaving millions without electricity, after its power grid collapsed due to chronic fuel shortages exacerbated by a US blockade on oil shipments to the island. The national power grid has completely failed, causing widespread outages across the country.
The United Kingdom's transition towards renewable energy sources is causing apprehension among oil and gas workers, particularly in the energy capital, who fear that green jobs are not being created quickly enough to replace traditional roles.
Exclusive | Oil Industry Warns Trump Administration That Fuel Crunch Will Likely Worsen WSJ
Following a drone attack and fire that suspended oil loadings, analysts are explaining why the port of Fujairah is crucial to the global oil market. The port is a major hub for oil exports and ship refueling.