Aresco

JULY 14, 2025

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.

Oil

McKinsey

JULY 10, 2025

The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. In the PNIEC, the government reported that 67.9

Transportation

Oil Review Middle East

JULY 31, 2025

Government regulation required gas processing plants to sell liquefied petroleum gas and petroleum products on the domestic market at prices that were significantly lower than the operating cost. Official statistics, which record more than 400 unscheduled shutdowns at the three largest refineries in three years, indicate systemic risks.

Gas

Rigzone

JUNE 25, 2025

Vallourec said that the contract aligns with the goals of the Qatari government to increase the country’s oil production by 19 percent and liquefied natural gas (LNG) production by 85 percent by 2030. To contact the author, email rocky.teodoro@rigzone.com WHAT DO YOU THINK?

Natural Gas

Oil & Gas 360º

JULY 15, 2025

The initial reaction sent crude prices higher, but they later eased as traders assessed when and how these sanction mechanisms would actually be enforced. year-on-year in the second quarter of 2025, slightly above market expectations of 5.1%, supported by resilient exports and government stimulus. higher YoY.

Oil

Reporting Oil and Gas

NOVEMBER 20, 2023

The Institute of Statistical Social and Economic Research (ISSER) warns that the government’s ‘Gold for Oil’ policy, designed to tackle the foreign exchange demands of oil importers, is susceptible to Illicit Financial Flows (IFF). trillion lost to money laundering.

Oil

Oil & Gas 360º

MAY 16, 2025

government on how its license could be modified or extended. PDVSA briefly suspended production in April at a joint oil upgrader, Petropiar, to reorganize operations aimed at supplying more feedstock to domestic refineries. The government of President Nicolas Maduro has fiercely rejected the U.S.

Oil