ADNOC, OMV to Create Major Polyolefins Player
OMV and ADNOC agreed on the key terms of the potential consolidation of their polyolefin businesses and the subsequent acquisition of NOVA Chemicals under the new JV.
Aramco Cuts World's Biggest Dividend
Aramco cut the world's biggest dividend in a blow for Saudi Arabia's widening budget deficit, as the company seeks to relieve the stress on its own finances.
Rosneft's Ufa Oil Refinery in Bashkortostan Catches Fire
A fire broke out at Rosneft PJSC's Ufa refinery in the Russian republic of Bashkortostan early Monday.
Crude Futures Plunge as OPEC+ Revives Supply
Oil prices plunged after OPEC+ unexpectedly restarted halted production, intensifying global crude surplus concerns.
North America Adds Rigs WoW
North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
SLB Clears US Regulatory Review of ChampionX Acquisition
However, the merger is facing an extended review in Norway for potential harm to competition.
US DOE Eases LNG Bunkering Restrictions
The US DOE withdrew a blanket order that extended LNG export regulations to ship-to-ship transfers of LNG for use as marine fuel.
British Columbia to Enforce Local Biofuel Content Requirements
Starting Jan. 1, 2026, the minimum 5 percent renewable-fuel requirement for gasoline must be met with eligible renewable fuels produced in Canada.
Venezuelan Navy Approaches Exxon Mobil Vessel Off Guyana Coast
The U.S. State Department called the threat by Venezuela unacceptable.
ADNOC Signs 15-Year LNG Deal with Osaka Gas
'This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint,' Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said.
Karoon to Acquire FPSO in Brazil's Bauna Project
Karoon said it intends to contract a new operations and management contractor to operate and maintain the FPSO.
Crescent Logs $170 Million Loss for Q4
Annual net loss landed at $137.7 million.
Halliburton, Sekal Make Drilling Automation Breakthrough
Halliburton and Sekal AS said they delivered the world's first automated on-bottom drilling system.
BP Says It's Busy Developing Next Wave of Tech
Gordon Birrell, BP's EVP of Production and Operations, said the company is 'busy developing the next wave of technologies'.
Var Energi Strikes Oil in Barents Sea
The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.
Africa Oil Expects to Complete Reorganization This Month
Africa Oil Corp. expects to complete the full takeover of Prime, a 50-50 venture with BTG Oil & Gas, in March, earlier than the third quarter as initially expected.
ENGIE Aims for 95 GW of RE, Storage by 2030
The French state-backed multinational power and gas utility said it targets to reach 95 GW of installed RE and energy storage capacities by the end of 2030 as it announced 'an accelerated decarbonization path'.
Ghana Stops Paying Oil with Gold
Ghana's new central bank chief suspended the West African nation's program of paying for oil with gold.
Excelerate Energy Posts Higher Quarterly, Annual Profit
'Our continued success, driven largely by the performance of our core regasification business, has positioned us as the industry leader in FSRUs and downstream LNG infrastructure'.
India Builds World's Longest LPG Pipeline to Cut Costs, Mishaps
India's state-run refiners will fully commission the world's longest liquefied petroleum gas pipeline by June.
