Oil and Gas
BP boosts its profits with oil trading in a volatile market
BP anticipates strong results driven by oil trading and energy market volatility
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.
Coverage spans upstream, midstream and downstream activity, including field development, pipelines, terminals, refineries, LNG infrastructure and corporate strategies. It also highlights price signals, regulatory measures, operational changes and technological advances affecting competitiveness across the industry.
Through these stories, Oil and Gas provides a broad view of the assets, companies and market movements defining one of the world’s most strategic industrial sectors.
Latest Oil and Gas News
Oil and Gas
Chevron strengthens its presence in Venezuelan heavy oil after agreement with PDVSA
Excerpt Chevron expands its participation in Venezuelan heavy oil following an asset exchange with PDVSA focused on the Orinoco Belt.
Oil and Gas
Honeywell boosts production at Rio Grande LNG with C3M technology
The C3MR process is established as the most widely used solution globally due to its proven reliability.
Oil and Gas
Phillips 66 Advances Construction of Iron Mesa Plant in the Permian Basin
The plant will provide increased flexibility to distribute natural gas liquids to logistics hubs such as Sweeny.
Oil and Gas
Venture Global closes $1.75 billion credit facility to strengthen its LNG project
Venture Global refinances its Calcasieu Pass project with a $1.75 billion senior credit facility.
Oil and Gas
Oil price surpasses $102 after U.S. blockade of Iran
Oil price exceeds $102 after the U.S. naval blockade of Iran in the Strait of Hormuz.
Oil and Gas
Saudi Arabia restores full capacity of the East-West pipeline following attacks
Saudi Arabia restores full flow of the East-West pipeline following attacks on its key energy infrastructure.
Oil and Gas
bp and NAMCOR operate three oil blocks in the Walvis Basin in Namibia
International industry interest in Namibia’s offshore resources is growing, and bp’s arrival as operator reinforces the relevance of this emerging market.
Oil and Gas
TotalEnergies announces hydrocarbon discovery in Congo
Nearly 100 million recoverable barrels in the Moho license, with development supported by existing infrastructure.
Oil and Gas
Saudi Arabia cuts oil exports to China amid the Middle East crisis
The reduction in Saudi oil shipments to China reflects the direct impact of the war on global supply.
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