Oil Industry News
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BOSTenergies confirms successful resumption of crude oil refining at Tema Oil Refinery
State-owned BOSTenergies has confirmed the successful resumption of crude oil refining operations at the Tema Oil Refinery (TOR), marking a major boost for Ghana's offshore oil and gas sector. In a Facebook post on December 24, 2025, BOST…
Oil prices will go down but won't collapse
Any move toward $40, however, would likely be short-lived. Diamondback Energy, a major U.S. oil and gas producer, has already announced reductions in capital spending. As WTI falls toward $50 and below, other U.S. producers are likely to follow…
Oil Edges Higher Amid Geopolitical Tensions
Thousands of jobs saved at North Sea oil and gas firm - BBC News
Thousands of jobs are set to be saved after part of energy services firm Petrofac was bought out of administration. American company CB&I has announced it has entered into a deal to buy the firm's asset solutions business in the first quarter of…
Major Indian refiner resumes imports of Russian oil - Bloomberg
India's largest private oil refiner, Reliance Industries, has resumed buying Russian crude after previously halting purchases to comply with US sanctions, according to Bloomberg. The US government imposed sanctions on Russian state-owned oil giants…
Ukrainian drones hit oil and gas facilities in Russia, SBU official says
World Ukrainian long-range drones hit oil product tanks in the Russian port of Temryuk and a gas processing plant in Russia's Orenburg, an official at the SBU security service told…
3,000 jobs saved two months after oil and gas firm plunged into administration
Thousands of jobs in the North Sea are set to be saved as part of energy services firm Petrofac is to be bought after a Christmas Eve announcement. American company CB&I announced on Christmas Eve that it had entered into an agreement to acquire…
Ukraine fires Storm Shadow missiles, drones at Russian oil and gas facilities
KYIV: Ukraine fired British Storm Shadow cruise missiles and domestically produced long-range drones at multiple Russian oil and gas facilities on Thursday (Dec 25), Ukrainian military and security officials said, as Kyiv stepped up strikes on…
Putin dealt major humiliation as UK Storm Shadow missiles 'strike major Russian oil plant'
The latest news from around the world Invalid email Invalid email There was an error processing your request. Please try again later. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This…
White House Orders U.S. Military to Enforce Venezuela Oil 'Quarantine'
WASHINGTON, Dec 24 (Reuters) – The White House has ordered U.S. military forces to focus almost exclusively on enforcing a “quarantine” of Venezuelan oil for at least the next two months, a U.S. official told Reuters…
Ukraine fires Storm Shadow missiles, drones to hit Russia's oil, gas facilities
Sign up now: Get ST's newsletters delivered to your inbox Ukraine used Storm Shadow missiles to strike the Novoshakhtinsk oil refinery, a key supplier for Russian troops. Ukrainian drones targeted oil tanks in Temryuk and a gas processing plant in…
Ukrainian Drone Attacks Spark Blazes at Seaport and Oil Refinery in Southern Russia
Ukrainian drone strikes sparked fires at a seaside fuel storage facility and an oil refinery in southern Russia, local authorities said Thursday, as other regions across the country reported downing dozens of unmanned aircraft. Officials in the…
Live: Oil tanks on fire after alleged Ukrainian drone attack on Russia's Temryuk port
Two oil storage tanks were ablaze at the southern Russian port of Temryuk on Thursday after what regional authorities said was a Ukrainian drone attack. Authorities said on Telegram that the blaze had already spread across…
Ukraine fires Storm Shadows, drones to hit Russia's oil, gas facilities
Ukraine launched British Storm Shadow missiles and its domestically produced long-range drones to hit several Russian oil and gas facilities, Ukrainian military and security officials said on Thursday. Ukraine has previously used the British-made…
Top Oil Stocks To Keep An Eye On - December 25th
4 Canadian Oil Stocks That Are Filling the Heavy Crude Gap Exxon Mobil, Chevron, ConocoPhillips, EQT, EOG Resources, Williams Companies, and Marathon Petroleum are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool.
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