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Keywords: Oil industry
While Donald Trump presents the agreement with Venezuela as a historic oil operation, Caracas seeks to clarify the scope of the arrangement. Interim President Delcy Rodriguez asserts that the country retains ownership of its resources, as American announcements regarding control over part of the reserves......
The global oil market is entering a period of structural change as demographic trends increasingly influence where energy demand is concentrated. While ageing populations are putting pressure on consumption growth in many advanced economies, younger and rapidly urbanising populations in Asia and Africa......
Chevron reported its strongest quarterly profit in at least six years on Friday, exceeding Wall Street expectations as disruptions in global energy markets helped drive higher earnings for one of the world's largest oil companies. The United States-based energy giant posted adjusted earnings of......
The company said growth across key overseas markets, particularly in Latin America, Europe, and Africa, provided a significant boost to its performance during the quarter. Demand for Halliburton’s equipment and energy-related services remained resilient in these regions, compensating for a slowdown......
Venezuela has taken another step toward reshaping its energy industry after acting President Delcy Rodriguez signed the regulations needed to implement a sweeping reform of the country's Hydrocarbons Law, a move aimed at making the sector more attractive to investors. The newly enacted regulatory......
Fourteen Saudi nationals were killed after a helicopter operated by state-owned energy giant Saudi Aramco crashed early Sunday near the eastern coastal city of Ras Tanura, Saudi authorities confirmed. According to the Saudi Press Agency (SPA), the aircraft went down at approximately 6:00 a.m. local......
Hungarian energy company MOL, together with Russia’s Gazprom Neft and Gazprom, is expected to receive a 15-day extension to continue negotiations over the sale of a majority stake in Serbian oil company NIS, according to Serbian officials. The discussions concern the potential transfer of a 51.56%......
British energy giant BP has begun a process aimed at selling minority stakes in two major offshore projects located in the Gulf of Mexico, according to sources familiar with the matter. The move is seen as one of the first significant strategic decisions under the leadership of the company's new......
British energy company BP has announced that it is on track to transfer operational control of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Azerbaijan’s state oil company SOCAR starting July 1, as part of a contractual arrangement. The BTC pipeline, which has been in operation since 2006, is......