Oil and Gas
OPEC+ evaluates production increase amid global oil deficit
This scenario has increased the pressure on major producers to react quickly.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
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Latest Oil and Gas News
Oil and Gas
ExxonMobil accelerates production amid global oil deficit
The decision comes amidst unprecedented disruption in the global energy system.
Oil and Gas
Global energy crisis: Hormuz halts 20% of the world’s oil
The International Energy Agency has described this event as the largest energy crisis in modern history
Oil and Gas
Global oil supply falls by 10 MMbpd in a historic shock
The impact is not limited to production.
Oil and Gas
IEA warns of global energy crisis: 20% of oil at risk
Unlike previous crises, the current problem is not solely rooted in market volatility.
Oil and Gas
LNG terminal in Dakar will boost energy and development in Senegal
GasEntec anticipates an accelerated execution of the project, with the goal of starting operations in the first half of 2027.
Oil and Gas
Stockholm pipeline doubles biogas capacity in Huddinge
A new pipeline in Stockholm connects two plants and doubles biogas production, improving the regional energy supply.
Oil and Gas
Sable Offshore Resumes Production Activities at the Santa Ynez Unit
This resource flow will be primarily allocated to facility modernization and ensuring the integrity of transportation systems.
Oil and Gas
Houthis Threaten to Close the Bab el-Mandeb Strait and Aggravate the Global Oil Crisis
Threat of Bab el-Mandeb closure raises the risk of disruptions in global oil supply.
Oil and Gas
Fire at HPCL Rajasthan refinery was brought under control with no casualties
Fire in the CDU unit at the HPCL Rajasthan refinery was brought under control with no structural damage or casualties.
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