GERB leader: Bulgaria could receive a six-month delay in US sanctions
Local media reported that Boyko Borissov of the GERB, the leader of the coalition's leading party, could have secured a six-month delay of U.S. sanction against Lukoil oil refinery. Last month, the U.S.
Colombia's Ecopetrol will invest $6.3 billion by 2025 and drill five more wells
Ecopetrol ECO.CN, Colombia's state energy company, expects to invest $6.3 billion by 2025, which is 90% of the target. The company executives said in an interview with the Colombian…
Ukraine's fight for money and reform is necessary to survive the 'forever-war'
Since mid-2024, residents of Pokrovsk and Ukrainian officials have stripped the town of everything valuable: library books, beds for hospitals, industrial equipment - everything…
Carlyle is exploring options to purchase Lukoil's foreign assets, according to sources
Three sources familiar with this situation have confirmed that the U.S. Carlyle private equity firm is looking at options to purchase foreign assets of Russian oil giant Lukoil.
Trump Administration revokes Biden's limits on Alaskan oil drilling
The Trump Administration finalized on Thursday its rollback of Biden's limits on oil-and-gas drilling in Alaska, the largest area of public land that has not been disturbed by humans.
Wall Street falls as Nvidia slides and investors worry that Fed could slow rate cuts
Wall Street finished sharply lower Thursday with Nvidia, and other AI heavyweights as investors scaled down expectations of rate cuts due inflation concerns and disagreements among central banks about the U.S.
Wall Street falls as investors worry about rate cuts
Wall Street fell on Thursday with Nvidia, and other AI heavyweights suffering steep losses as investors scaled down expectations of rate cuts because of inflation concerns and…
Carlyle is exploring options to purchase Lukoil's foreign assets, according to sources
Three sources familiar with this situation have confirmed that the U.S. private-equity giant Carlyle is looking at options to purchase foreign assets of Russian oil major Lukoil.
Bloomberg News reports that Repsol is considering merging its upstream unit with APA.
Bloomberg News, citing sources with knowledge, reported Thursday that Repsol SA, Spain's largest refinery operator, is considering a reverse merge of its upstream division with potential partners. This includes U.S.
Congo produces the first 1,000 tons traceable artisanal Cobalt
The state cobalt company in the Democratic Republic of Congo produced the first 1,000 metric tonnes of traceable artisanal. This is a major step towards formalizing this sector…
EU injects new money into Ukraine for Naftogaz
The top European development banks and Ukrainian Naftogaz energy company signed a deal Thursday that will provide hundreds of millions to ensure Ukraine's gas supply in the…
Inpex Japan raises its annual profit forecast due to lower costs
Inpex, Japan's largest oil and gas exploration company, raised its net profit forecast by 5% for the year on Thursday. Lower-than-expected expenses offset a reduced shipment…
The Bulgarian Parliament overturns the presidential veto regarding Lukoil refinery Takeover
The Bulgarian Parliament overruled the veto of the president on Thursday on legislation that would allow the government to sell Lukoil’s oil refinery to protect the asset from impending U.S. sanctions.
Norway oil companies raise 2026 investment outlook, survey shows
A survey by the Norwegian Statistics Office of industry participants showed that their estimated investments for 2026 have increased compared to three-month estimates. Norway…
ADNOC Gas' quarterly profit increases by 8% due to strong domestic demand and better margins
ADNOC Gas announced a 8% increase in its third quarter net profit, to $1.34bn, on Thursday. This was its highest ever for this period. Strong domestic demand and improved margins…
Aster reduces diesel production at Singapore Bukom refinery sources say
Three sources familiar with the situation said that Singapore's Aster Energy and Chemicals has reduced diesel production at its Bukom Refinery this month. This is driving up premiums for 10ppm low sulphur diesel.
Chevron expects to see an increase in the current estimate of oil resources in Guyana
Chevron announced on Wednesday that it anticipates that an oilfield in Guyana, which is prolific and has a large amount of recoverable resources, could contain more than its…
Chevron: Argentina's costs are still challenging, despite reform progress
Mark Nelson, Vice Chairman of Chevron, said that the cost of doing business remains high in Argentina despite the promising geology. The government of Javier Milei has made progress to promote the oil industry.
As the US shutdown comes to an end, UK's FTSE100 hits a record high.
Investors welcomed signs that the long-running U.S. shutdown may be ending. The blue-chip index ended 0.1% higher and is now within striking distance of 10,000. The FTSE 250 mid-cap index was down by 0.7%.
Chevron aims to increase cash flow by 10% annually through 2030 and cut costs even more.
Chevron announced on Wednesday its plans to increase oil and gas production and grow free cash flow annually by more than 10 percent through 2030, all while reducing costs and capital spending.