Global oil giants are joining forces to challenge the proposed Subsea7-Saipem merger in Brazil, sounding a loud alarm over potential antitrust issues. This formidable alliance warns that the deal could drastically reduce competition in the subsea services market
Alaska’s oil production is set to soar by 13% next year, the Energy Information Administration reveals. This exciting boost comes from intensified drilling activities and increased output from key fields, signaling a powerful resurgence for the state’s energy industry
The US sanctions targeting Russia’s oil giants are set to tighten Moscow’s financial grip, ramping up pressure on the rouble and squeezing the Russian economy by slashing crucial revenue from its energy exports, Reuters reports
Canada’s oil sands are roaring back to life as U.S. shale production hits a plateau. Surging demand and soaring prices are fueling fresh investments, marking a powerful shift in the landscape of North American energy
Russia’s Lukoil is actively seeking buyers for its foreign assets, Reuters sources reveal. This bold strategy comes amid escalating geopolitical tensions and a swiftly evolving market landscape
Brazil is gearing up to turn its oil profits into a dynamic force driving its energy revolution, President Lula announced. This ambitious plan aims to fast-track the expansion of renewable energy and sharply reduce reliance on fossil fuels, signaling a historic turning point in the country’s energy landscape
Russia’s oil industry stands on the edge of a dramatic shake-up as a fierce clash erupts between leading traders, Bloomberg reveals. This high-stakes rivalry threatens to disrupt supply chains and could deepen the already formidable challenges brought on by global sanctions
Petrobras and Equinor stole the spotlight in Brazil’s latest pre-salt auction, securing major offshore oil blocks that promise to reshape the energy landscape. This thrilling development underscores a booming wave of interest and investment in the country’s vast deepwater reserves, Reuters reports
Russia has dramatically increased fuel imports from Belarus to tackle a sudden surge in domestic shortages caused by refinery strikes. This bold strategy aims to stabilize the supply chain amid ongoing disruptions that are testing the resilience of the nation’s energy sector
Azerbaijan’s state oil giant SOCAR is set to make a powerful move by acquiring Italian oil refiner Italiana Petroli, marking a bold leap to boost its footprint in Europe’s energy market, reports OC Media. This deal stands as a crucial milestone in SOCAR’s ambitious expansion strategy
Nigerian President has called for the swift return of Brazil’s Petrobras to Nigerian oil projects, signaling an exciting new chapter of collaboration and investment in the energy sector, Reuters reports
Venezuela has announced daring plans to deploy naval vessels to its vital oil export hub, responding decisively to recent U.S. sanctions. This bold strategy aims to protect shipments and tighten control amid escalating geopolitical tensions
Argentina has boldly risen as a South American oil titan, dramatically boosting crude production and exports. With soaring output and strong policy support, the nation is rapidly becoming a dominant player on the global energy stage
Former President Trump has unleashed a powerful 50% tariff on Indian goods, hitting back at India’s continued purchase of Russian oil despite worldwide sanctions. This daring move escalates the trade battle between the two nations to a whole new level
A U.S. appeals court has handed a significant victory to Argentina, blocking the sale of shares in YPF, the state-backed oil powerhouse. This ruling puts a temporary stop to any shifts in ownership as the fierce legal battles over control of YPF continue to escalate
Sanctions-hit Indian refiner Nayara Energy is in active talks with the government, seeking vital support to navigate mounting financial challenges and keep its operations running smoothly, Reuters reports. These discussions aim to secure a stable and sustainable future for the company
Patagonia has launched intensive oil spill response training ahead of operations at Argentina’s largest crude oil export port, strengthening environmental safeguards as industrial activity accelerates, The Guardian reports
YPF CEO announced a deliberate slowdown in drilling at Argentina’s Vaca Muerta shale, citing tough market conditions and soaring costs. This cautious approach highlights the company’s strategic response to the unpredictable global energy landscape
Argentina’s YPF experienced a dramatic nearly 90% drop in Q2 profits, battered by plunging fuel prices. The state-run oil giant faces mounting challenges as global market turmoil and softening demand weigh heavily on its performance, Reuters reports
TotalEnergies has taken a bold step in South America, selling its 45% stake in Argentina oil blocks to YPF for $500 million. This move marks a significant strategic shift in the company’s regional operations, TradingView reports
