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#oilprice.com. × Libya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil Majors | OilPrice.com. Libya's state-owned National Oil Corporation (NOC) has announced U.S. Oil &amp; Gas major Chevron (NYSE:CVX) among the winners of its first oil and gas licensing round in nearly two decades, signaling

#oilprice.com. × Japan Restarts Nuclear Power at Kashiwazaki Kariwa After 14 Years in the Dark | OilPrice.com. Japan has restarted a reactor at the Kashiwazaki-Kariwa plant after a 14-year shutdown, marking a pivotal shift back toward nuclear power to strengthen energy security, curb fossil fuel imports, and me

#oilprice.com. × Big Oil Courts Syria for Major Exploration Deals | OilPrice.com. Syria plans to award oil and gas exploration licenses to major international firms including Chevron, TotalEnergies, and Eni to revive its hydrocarbon industry and tap huge estimated reserves.

#oilprice.com. × Novatek’s 2025 Profit Tumbles 60% as Sanctions Bite | OilPrice.com. Russia’s biggest LNG producer, Novatek, reported a 60% profit slump in 2025 due to sanctions, though its Arctic LNG 2 project continues limited shipments to China.

#oilprice.com. × Trump Allows U.S. Firms to Provide Services for Venezuela’s Oil | OilPrice.com. The Trump Administration has further eased sanctions on Venezuela's oil industry by authorizing U.S. firms to provide services and technology for hydrocarbon exploration and production under limited co

#oilprice.com. × TotalEnergies Q4 Profit Slips on Lower Oil Prices | OilPrice.com. TotalEnergies reported a 13% decline in fourth-quarter adjusted net income to $3.84 billion due to lower oil prices, though resilient cash flow and confirmed a 2026 share-buyback guidance between $3 bi

#oilprice.com. × Siemens Boasts Record Gas Turbine Demand | OilPrice.com. Record demand for gas turbines, primarily from the United States and Europe, has pushed Siemens Energy’s order book to an all-time high, highlighting strong global demand for gas-fired electricity gene

#oilprice.com. × TotalEnergies Seizes Full Control of Lukoil Refinery in Netherlands | OilPrice.com. French energy major TotalEnergies has acquired Lukoil's 45% share to take full control of a refinery in Zeeland, Netherlands, citing concerns over potential US sanctions on oil supplies.

#oilprice.com. × Trump to Order Pentagon to Buy Coal Power for National Security | OilPrice.com. President Trump is set to announce an executive order directing the Pentagon to purchase electricity from coal-powered plants, backed by federal funding and the Defense Production Act, as his administr

#oilprice.com. × US Crude Oil Inventory Build Pressures Prices | OilPrice.com. The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a whopping 13.4 million barrels in the week ending February 6

#oilprice.com. × German Oil Refinery Sounds Alarm Over U.S. Sanctions Risk | OilPrice.com. Germany’s uneasy energy truce with Washington is starting to fray, and the pressure point is a single refinery that keeps Berlin moving.

#oilprice.com. × Shell Not Rushing to Buy Assets to Boost Reserves | OilPrice.com. Shell does not have to buy assets anytime soon, chief executive officer Wael ?Sawan said on Tuesday, as analysts and the company itself have said that the supermajor needs to fill a resource gap over t

#oilprice.com. × Equinor Looks Overseas to Keep the Barrels Flowing | OilPrice.com. The Norwegian major plans to sharply increase its international oil and gas production by 2030, pushing overseas output above 900,000 barrels of oil equivalent per day (boepd), up from roughly 730,000

#oilprice.com. × India’s Coal Use Could Double by 2050 | OilPrice.com. India’s coal demand could more than double by 2050 under current policies, remaining a core pillar of its power system even as renewable energy expands.

#oilprice.com. × China’s LNG Imports Are Poised for a Rebound This Year | OilPrice.com. China’s LNG imports are expected to rebound in 2026 on lower prices driven by a global supply surge, though domestic and pipeline gas will continue to cap demand growth.

#oilprice.com. × Britain Bets Big on Renewables with Record Solar and Onshore Wind Awards | OilPrice.com. The UK government awarded a record volume of solar and onshore wind power capacity in its latest Contracts for Difference auction as it aims for 95% clean electricity by 2030.

#oilprice.com. × BP Suspends Buybacks to Strengthen Balance Sheet | OilPrice.com. BP is suspending its share buyback program and retiring its cash flow return guidance to strengthen its balance sheet, despite reporting fourth-quarter earnings that were in line with market expectatio

#oilprice.com. × Queensland Opens Up Australia’s First Major New Oil Province in 50 Years | OilPrice.com. The Queensland government has opened up the Taroom Trough for oil and gas exploration by awarding rights to three companies, potentially creating Australia's first major new oil province since the 1970

#oilprice.com. × Fuel Crisis Forces Canadian Airlines to Halt All Flights to Cuba | OilPrice.com. Canadian airlines have suspended all flights to Cuba due to a critical jet fuel shortage caused by intensified U.S. sanctions and a halt in oil imports from key suppliers like Mexico.

#oilprice.com. × Trump EPA Set to Scrap Landmark Emissions Policy | OilPrice.com. The U.S. Environmental Protection Agency is set to repeal the 2009 "endangerment finding," a landmark decision that classified greenhouse gases as a threat to public health and welfare, leading to the

#oilprice.com. × BASF Chief Issues Urgent Warning on EU Emissions Trading Scheme | OilPrice.com. The CEO of chemical giant BASF is urgently warning the European Union that its emissions trading scheme and the planned phaseout of free carbon permits will cause a disaster for the chemicals industry,

#oilprice.com. × Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013 | OilPrice.com. British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since 2013, exposing the company to a production shor

#oilprice.com. × Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion | OilPrice.com. Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B

#oilprice.com. × Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions | OilPrice.com. Money managers have increased bullish wagers on crude oil to the highest levels in months, with renewed geopolitical risk tied to Iran pushing energy markets back toward supply-focused trading

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