The Latest

Iraq's January Production Falls 100,000 bbl/d Below OPEC+ Quota, SOMO Says

Iraq plans to temporarily shut its West Qurna 2 oilfield for maintenance, but it is not expected to affect the country's oil exports.

February 6, 2023

Brazil's Petrobras Taps Joelson Falcao to Head E&P Amid Management Overhaul

Along with Joelson Falcao as head of E&P, Petrobras CEO Jean Paul Prates has also appointed William Franca as head of refining and natural gas and Claudio Schlosser as head of commercial and logistics.

February 3, 2023

Oil Surges After Strong U.S. Jobs Data

The EU's ban on Russian refined products will begin Feb. 5 with Russia saying it will unbalance markets.

February 3, 2023

Western Sanctions Push Russia's Energy Revenues to Lowest Level Since 2020

The west was previously Russia's largest energy market but has sanctioned its energy exports since the country's invasion of Ukraine.

February 3, 2023

Freeport LNG Seeks US Approval to Restart Loading at Texas Export Plant

"Reinstatement of Dock 1 LNG loading services will allow Freeport to recommence normal LNG ship dockage and loading operations," according to the company's U.S. Federal Energy Regulatory Commission filing.

February 3, 2023

Chesapeake CEO, Commonwealth LNG Chair Say Europe Must Prepare for Next Winter

In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.

February 2, 2023

TotalEnergies, Iraq See Further Delays to $27 Billion Energy Deal

Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.

February 2, 2023

Japan's Eneos Opens Green Hydrogen Test Plant in Australia

Japan's Eneos Corp. will have the capacity to produce 20 km of green hydrogen a day using Direct MCH technology.

February 1, 2023

Indian State Oil Companies to Spend $13 Billion in Fiscal 2024

Nearly half of overall expenditure would be for refineries expansion and upgrades.

February 1, 2023

Activist Group Accuses Shell of Misleading Investors on Renewables

Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.

February 1, 2023