bne IntelliNews – Bulgaria’s parliament overturns president’s veto on Lukoil refinery law
Bulgaria’s parliament on November 13 overturned President Rumen Radev’s veto on a law that gives the government more…
Chevron says it expects upside to current estimated oil resource in Guyana
By Sheila Dang HOUSTON (Reuters) -Chevron said on Wednesday it expects that a prolific oilfield in Guyana could…
Brazil, Guyana, and Argentina Lead Next Wave of Non-OPEC Oil Production
Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key sources of cost-competitive…
bne IntelliNews – Bulgaria moves to seize Lukoil refinery to shield it from US sanctions
Bulgaria is preparing to take control of Russian oil company Lukoil’s Burgas refinery, the country’s only oil-processing facility,…
Australia’s Woodside Bets Big on LNG Boom With 2032 Growth Plan
Australia’s Woodside Energy expects its sales of crude oil and natural gas to rise by some 50% by…
OPEC will again boost production, despite global oil glut
Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil…
Ecuador’s Petroecuador faces new emergency in its main oil pipeline
Nov. 3 (UPI) — The state-owned oil company Petroecuador has declared an emergency in the Trans-Ecuadorian Pipeline System,…
OPEC+ further hikes oil output
With their successive production hikes this year, the key members of OPEC+ are aiming to boost market share…
U.S. Rig Count Falls Despite Record Production
By Julianne Geiger – Oct 31, 2025, 12:10 PM CDT
The total number of active drilling rigs…
bne IntelliNews – Russia faces $50bn annual losses from oil sanctions as Lukoil exits international assets
Russia is expected to lose at least $50bn annually due to oil-related sanctions, as Moscow’s largest private oil…
How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?
The OPEC+ group will decide this weekend on production levels for December, in the first meeting since the…
BP’s US$25bn Five-Field Megadeal In Iraq Is Finally Activated
Back in 2009, British oil and gas giant BP along with its then-Chinese partner China National Petroleum Corporation…