Oil & Gas Journal

AUGUST 6, 2025

s majority owned affiliate Imperial Oil Ltd. has formally commissioned its long-planned grassroots renewable diesel production complex at the operator’s 196,000-b/d Strathcona refinery near Edmonton. ExxonMobil Corp.’s

Refinery

Rigzone

JUNE 28, 2025

Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.

Refinery

Oil & Gas 360º

JUNE 23, 2025

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

Gas

OilPrice

JULY 8, 2025

Crude oil production in Saudi Arabia rose by around 48,000 bpd in April compared to the March production level of 8.96 Domestic refinery intake slumped… Saudi Arabia, the world’s top crude exporter, saw its exports in April at an average of 6.17 million bpd.

Crude Oil

Oil & Gas 360º

JUNE 26, 2025

(BOE Report) – CALGARY – Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. which operates the Keystone pipeline connecting Alberta crude to refineries in the U.S. so that more oilsands crude can be exported to Asia by tanker. Enbridge Inc. South Bow Corp.,

Pipeline

Oil & Gas 360º

JULY 31, 2025

(Oil Price) – The U.S. has sanctioned a fourth oil import terminal in China for receiving Iranian oil cargoes as the State Department expanded sanctions against entities involved in trade with Iran. Zhoushan Jinrun operates a terminal at Zhoushan, which is the base of some of China’s largest refineries.

Oil

Energy Outlook Advisors

JULY 25, 2025

Reuters misreported an OPEC+ story, causing oil price declines. For months, we've noticed timed story releases that shift oil prices. Stories about a major Q4 oil market surplus exaggerate the impact of unwinding voluntary cuts. Focusing solely on refinery maintenance shows clear bias. Colleagues, This is a short note.

Oil

Permian Basin Oil and Gas Magazine

JULY 15, 2025

Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. EIA said total crude oil and petroleum imports from Canada to U.S. EIA said total crude oil and petroleum imports from Canada to U.S. The post U.S. The post U.S.

Crude Oil

Rigzone

JULY 4, 2025

Image by Professor25 via iStock The world’s top oil consumer in 2024 was the U.S., percent of total oil demand in 2024. oil consumption has grown by an average of 0.5 China was shown in the report to be the second biggest oil consumer last year, with 16.373 million barrels per day. From 2014 to 2024, U.S.

Oil

Oil & Gas 360º

JULY 21, 2025

(World Oil) – BP Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. bp shares rose 1.8% to 404 pence at 9:08 a.m. The onshore U.S.

Gas

RBN Energy

AUGUST 4, 2025

Western Canadian crude oil production is rising fast. But PADD 2 refineries are maxed out on heavy crude, so virtually all those incremental barrels will need to keep flowing south to refineries and export terminals along the Gulf Coast. Can the pipelines from PADD 2 to PADD 3 handle the higher volumes?

Pipeline

Oil & Gas 360º

JULY 11, 2025

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 Venezuela has some of the world’s largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S. and European refineries. The licenses to U.S.

Oil

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 Crude oil in the SPR stood at 402.7 “At 422.2

Crude Oil

Rigzone

JULY 7, 2025

The Polish energy company said all of its refineries have been supplied with non-Russian oil since March, with the final contract for Russian oil delivery from Rosneft ending June 30. Today, we purchase crude oil from across the globe. Their cooperation has enabled us to bring in oil and gas from alternative sources.

Oil

Rigzone

JULY 28, 2025

million) financing contract with the European Investment Bank (EIB) to support the conversion of Eni's Livorno refinery in Tuscany into a biorefinery. million) financing contract with the European Investment Bank (EIB) to support the conversion of Eni's Livorno refinery in Tuscany into a biorefinery.

Refinery

Oil & Gas 360º

JULY 8, 2025

(Oil Price) – Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude oil production in Saudi Arabia rose by around 48,000 bpd in April compared to the March production level of 8.96 million bpd.

Crude Oil

Rigzone

JULY 3, 2025

Image by Anatolii Yakovets via iStock According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the world’s top oil producer is the United States. produced 20.135 million barrels of oil per day in 2024. oil production has seen an average yearly growth rate of 5.5

Condensate

Enverus

JUNE 19, 2025

As geopolitical tensions escalate, energy professionals are closely monitoring the situation’s impact on oil prices, market dynamics and long-term industry outlook. Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month.

Energy

Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. billion in new debt and $2.1

Condensate

Rigzone

JULY 3, 2025

commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 It showed that crude oil stocks, not including the SPR, stood at 419.0 Crude oil in the SPR stood at 402.8 Crude oil in the SPR stood at 402.8 Image by Mst Hazera Begum via iStock U.S.

Crude Oil

Oil Review Middle East

JUNE 11, 2025

Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. Around US$2.2

Upstream

Rigzone

JUNE 20, 2025

Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22

Gas

Rigzone

JULY 24, 2025

commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.2 It showed that crude oil stocks, not including the SPR, stood at 419.0 Crude oil in the SPR stood at 402.5 Crude oil in the SPR stood at 402.5 Image by champc via iStock U.S. million barrels on July 18, 422.2

Crude Oil

Rigzone

AUGUST 6, 2025

Image by sutthichai somthong via iStock In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. “For this week’s crude balance, from refineries, we model a minimal reduction in crude runs.

Barrel

Crude Oil Futures

AUGUST 5, 2025

The US crude stocks, a key statistic that determines the price of crude oil in the world, have been steadily rising since June, despite the nation being in the peak summer driving season, from April to September. Despite the threats from the US, Russian oil supply, meanwhile, has been steadily adding over 7.3

Crude Oil

RBN Energy

JULY 12, 2025

The Wink to Webster Pipeline, operated by ExxonMobil, stands out as the largest crude oil pipeline by capacity exiting the prolific Permian Basin in West Texas.

Pipeline

Rigzone

AUGUST 1, 2025

commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 7.7 It showed that crude oil stocks, not including the SPR, stood at 426.7 Crude oil in the SPR stood at 402.7 Crude oil in the SPR stood at 402.7 Image by yamonstro via iStock U.S. million barrels on July 25, 419.0

Crude Oil

Oil & Gas Journal

JULY 23, 2025

The latest round of European Union (EU) sanctions on Russia took aim at Nayara Energy, a major private refiner in India with deep financial ties to Moscow, drawing strong condemnation from New Delhi and raising concerns about future trade flows in the global oil market. July 23, 2025 4 min read Photo from Nayara Energy.

Refinery

Egypt Oil & Gas

JUNE 12, 2025

With 40 years of experience, Petrofac is a leading company in designing and building world-class gas processing plants and clean fuels refineries, constructing offshore wind substations, designing hydrogen units, and upgrading existing infrastructure to meet global environmental standards.

Refinery

Rigzone

JULY 21, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Croatia's INA Produces SAF for First Time by Rocky Teodoro | Rigzone Staff | Monday, July 21, 2025 | 3:13 AM EST In addition to SAF, a significant volume of renewable diesel, or hydrotreated vegetable oil (HVO), was also produced.

Refinery

Rigzone

JULY 2, 2025

million barrels for the week ending June 27, an oil and gas report sent to Rigzone by the Macquarie team late Monday revealed. “For this week’s crude balance, from refineries, we model an increase in crude runs (+0.2 “For this week’s crude balance, from refineries, we model an increase in crude runs (+0.2

Barrel

Oil & Gas Journal

AUGUST 4, 2025

Also progressing with planned conversion of idled 84,000-b/d conventional refinery in Livorno, Tuscany, into what will become Italy’s third biorefinery. The partners confirmed the new plant will specifically use a feedstock of sustainable vegetable oils such as used cooking oils, among other unidentified bio-based waste and residues.

Exploration and Production

Daily Energy Report

JULY 3, 2025

link] Share Note 3: New interview with information on the impact of EVs in China on oil demand: Subscribe now Chart of the Day S&P Global: US, Brazilian Crudes Witness Sharpest Growth in Indian Crude Basket in H1 2025 Summary India's crude oil imports from the US rose over 50% and from Brazil by 80% in the first half of 2025.

Energy

Valor

JUNE 30, 2025

June 30, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices fall on easing Middle East risks Summary : Oil prices held steady on June 30, with Brent crude at $67.64 Stay tuned for weekly updates to keep you well-informed. per gallon versus the $3.20

Energy

Rigzone

JULY 16, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Macquarie Strategists See WoW USA Crude Inventory Build by Andreas Exarheas | Rigzone Staff | Wednesday, July 16, 2025 | 5:27 AM EST Macquarie strategists are forecasting that U.S. commercial crude oil inventories, excluding those in the SPR, increased by 7.1

Barrel

Rigzone

JULY 22, 2025

In the statement, TIPRO noted that the June figure was a decline of 2,700 industry positions from May employment numbers, adding that this represented an increase of 200 jobs in oil and gas extraction and a decrease of 2,900 jobs in the services sector.

Upstream

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, Korea National Oil Corporation (KNOC) holds 11.4

BCF