Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How Venezuelan Oil, Hugo Chávez, And Geopolitics Led To Maduro's Capture
Venezuela's oil abundance is concentrated in the Orinoco Belt, where thick, heavy petroleum—as shown here by two workers at the Cerro Negro Refinery in 2004—is the rule. This refinery and the related oil fields of the Cerro Negro…
Cathy Freeman and Midnight Oil drummer among Australia Day top honours
* 680 people received awards in the general division of the Order of Australia * 10 appointed as Companions (AC) of the Order of Australia * 38 Officers (AO) of the Order of Australia * 160 Members (AM) of the Order of Australia * 472 Medals (OAM)…
Vitol and Trafigura: Traders at the Heart of Trump's Venezuela Oil Grab
President Donald Trump has portrayed his takeover of Venezuela's oil sales as a victory for America, but when his administration wanted to sell several billion dollars' worth of the fuel quickly, the experts it turned to were a couple of foreign…
US pushes for quickest fixes to boost Venezuela oil output
Getting your Trinity Audio player ready... The U.S. is in talks with Chevron, other crude producers and the world's biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion…
Texas oil and gas industry prepared to provide power through storm
(The Center Square) – The Texas oil and natural gas industry is prepared to provide power throughout a winter storm that has already dumped several inches of snow in the Panhandle and heavy rainfall in the Permian Basin, the power producing…
The AI Factor Behind Trump's Power Play On China's Oil Suppliers
Authored by James Gorrie via The Epoch Times, Why is it so important to the Trump administration to take control of Venezuela and encourage the people of Iran to overthrow the Islamic regime? The link between the two is obviously oil. Of course…
'A fraudulent scheme': New Mexico sues Texas oil companies for walking away from leaking wells
This story was originally co-published by ProPublica and Capital & Main. The state of New Mexico is accusing three Texas oil executives of orchestrating “a fraudulent scheme” to pocket revenue from hundreds of oil and gas wells in New…
Trump's oil pledge risks Texas revenue | Arkansas Democrat Gazette
After covid-19 tanked oil prices, Texas' oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel sold for at least $70, bringing profits and momentum that enriched the state's coffers, school districts…
Michigan Is Suing Oil Companies For 'Suppressing' EVs
Michigan Attorney General Dana Nessel filed a federal antitrust lawsuit accusing major oil companies and an industry group of colluding to 'suppress' renewable energy and electric vehicle competition. The suit names BP, Chevron, Exxon, Shell, and…
US pushes for quickest fixes to boost Venezuela oil output
WASHINGTON – The US is in talks with Chevron, other crude producers and the world's biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated US$100 billion cost for a complete…
Snake oil feared in Venezuela's famed reserves | Arkansas Democrat Gazette
On paper, Venezuela has enough oil reserves to maintain production at current levels for more than 800 years, an enticing prospect for the White House as it pushes Big Oil to get the petrostate gushing again. But the South American nation's claim…
Big Oil is seeking riches in another thorny country
An oil-rich country is starting to emerge from years of economic devastation. It sits atop of one of the world's largest petroleum reserves. And Big Oil is ready to take on the investment risk. Sound familiar? It is not Venezuela, but Libya. For…
Cyprus olive oil losing out to patchy EU regulations
EU regulation for controlling olive oil quality including Cyprus contains serious weaknesses that risk undermining consumer confidence, according to a report by the European Court of Auditors released last week. The findings are particularly…
How Landman Actor Jacob Lofland Will Change His Approach To Cooper Norris Ahead Of Season 3
This post contains spoilers for 'Landman.' 'Landman' season 2 wrapped up as everyone expected it to: with a heck of a lot of drama. Of course, Billy Bob Thornton's Tommy Norris came out on top once again, starting his own oil company and appointing…
The future of Syria's Kurds hang in the balance
From Damascus's perspective, these moves restore legitimate state authority. After years of fragmentation, civil war, and devastation, the new government views territorial integrity as essential to rebuilding a functional state. But the Kurdish…
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