BP extends presence in Azerbaijan
12/06/2025 by Daniel Tait
UK-based supermajor BP has signed a number of agreements to progress its production capacity and exploration efforts in Azerbaijan.
OPEC+ expected to stop hiking production
10/06/2025 by Joel Thompson
Multinational investment bank Goldman Sachs expects the OPEC+ group to cease increasing production after August.
OEUK calls for North Sea windfall tax to be ditched
09/06/2025 by Thomas Clark
Trade association Offshore Energies UK (OEUK) has called for the Energy Profits Levy (EPL) to be removed by the end of the year.
TotalEnergies announces production at Mero-4 offshore Brazil
05/06/2025 by Thomas Clark
The fourth stage of development for the Miro field offshore of Brazil has begun production, according to France-based energy company TotalEnergies.
Analysts claim that Permian "still has a way to go"
04/06/2025 by Daniel Tait
According to analysts at Wood Mackenzie, the prolific Permian Basin of West Texas and New Mexico still has more than a decade of high production.
Asset sales being considered by Saudi Aramco
03/06/2025 by Joel Thompson
Reuters is reporting two unnamed sources familiar with the matter as saying that oil giant Saudi Aramco is considering selling assets to generate funds.
ExxonMobil and PetroVietnam to boost deal amid trade negotiations
30/05/2025 by Joel Thompson
PetroVietnam, the state-owned energy company, is looking to revise its deal with ExxonMobil as part of wider efforts to find a deal with the US administration.
UK petrol prices may fall if oil production increases
29/05/2025 by Thomas Clark
UK motorists may see their fuel prices drop further if OPEC+ decides to go for another big increase in July.
Chevron to get further extension to Venezuela license
28/05/2025 by Cameron Clarke
Bloomberg reports an unnamed informed source as saying that the US Government is ready to give Chevron a further extension to operate in Venezuela and export oil to US refineries.
TotalEnergies to buy LNG from future Canadian plant
27/05/2025 by Daniel Tait
France-based TotalEnergies and Ksi Lisims LNG have agreed a SPA (Sales and Purchase Agreement) for 2 MTPA (million tons per annum) of LNG (liquefied natural gas).
Up to $50 billion in investment announced by Kuwait
22/05/2025 by Thomas Clark
The small but oil-rich Middle Eastern country Kuwait has announced a five-year plan to invest $9–10 billion each year to increase its production capacity.
Rise in production by OPEC+ predicted in July
21/05/2025 by Cameron Clarke
Analysts at multinational financial services and investment bank, Goldman Sachs, have predicted OPEC+ will decide to raise production in July by another 411,000 barrels per day (bpd).