Industry News

Eni and Petronas began production at the Maha field in Indonesia's Kutei Basin, a tieback project that grows the capacity of the Jangkrik Floating Production Unit by up to 250 million standard cubic feet per day of natural gas.

BP completed a deal to offload its Castrol lubricants business, giving the oil and gas major $6 billion to pay down debt as it works to repair the balance sheet.

Major OPEC+ nations reaffirmed plans to keep oil production quotas unchanged in December as conflict in the Middle East continues to curb swaths of the group's output.

TotalEnergies signed an agreement to sell 40 percent in the OPL257 block offshore Nigeria to local player South Atlantic Petroleum, as the partners prepare to appraise the Egina South discovery.

Big Oil reaped more than $50 billion in windfall profits.

Oil climbed as traders gauged Washington's appetite for renewed military escalation against Iran.

ExxonMobil Holdings Corp. plans to invest more than $100 billion over the next few years to help augment global energy supplies, Chief Executive Officer Darren Woods told CNBC.

Commercial crude oil stocks, not including the SPR, came in at 410.625 million barrels on October 23, the EIA's latest weekly petroleum status report showed.

BP announced a new hydrocarbon discovery in Brazil's Santos Basin, in the deepwater Tupinamba block.

Chevron Corp. surpassed analysts' estimates.

'An underwater remotely operated vehicle has located the bodies of three individuals', Borr Drilling revealed.

Junin-5 restarted operations following the execution of the new license between Eni and Venezuela, under which the heavy oil field is planned to increase production to 200,000 barrels per day by 2028.

The UK's Autumn Budget was described by global chemical company Ineos as 'a major missed opportunity to save British manufacturing'.

An appraisal well showed that the Afrodite discovery near the Kvitebjorn field on Norway's side of the North Sea potentially holds 77-180 million barrels of oil equivalent recoverable natural gas and condensate.

BP said profit surged to the highest in 18 years as soaring refining margins boosted earnings, while a sharp drop in net debt moved the British energy major closer to a position where it could restart buybacks.

Oil fluctuated in a choppy session as traders weighed conflicting signals on the direction of U.S. military strategy in Iran.

Sinopec, China's biggest oil refiner, posted higher third-quarter profits.

TotalEnergies executed a swap transaction with Chevron that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America.

EQT's acquisition of Range Resources 'creates America's largest natural gas producer', Wood Mackenzie highlighted.

Phillips 66 reported $5.62 billion in net profit for the third quarter, up from $3.85 billion for the prior three-month period on higher refining margins.