Oil & Gas

Why China’s Oil Production Keeps Growing Despite Lower Oil Prices

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

Over the past couple of years, China’s oil industry has revealed a peculiar trend, with production maintaining an upward trajectory that seems to defy falling oil prices. Under normal circumstances, oil and gas producers tend to cut back output whenever prices fall too much in a bid to cut their losses. For instance, several U.S. shale producers are signaling production cuts due to low oil prices: back in May, Diamondback Energy (NASDAQ:FANG) chair and CEO Travis Stice warned that the Shale Patch had reached a “tipping point” with production set to decrease going forward amid low oil prices.

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Europe Triggers Iran Sanctions Snapback

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

Although the U.S. has left the door open for a resumption of talks with Iran, Europe is deadly serious about reimposing the full weight of pre-2015 sanctions on the Islamic Republic, a very senior security source who works with the European Union’s security complex exclusively told OilPrice.com last week.

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Kuwaiti logistics deliver steady growth

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

In 2024, GAC strengthened its reputation in Kuwait as a logistics partner, helping businesses across the country and the wider region streamline their supply chains. By expanding our liner operations with new routes and boosting export volumes, we gave our customers faster, more cost-effective shipping options.

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TotalEnergies, QatarEnergy secure exploration block off Republic of Congo

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

“This award of a promising Exploration permit, with the material Nzombo prospect, reflects our continued strategy of expanding our Exploration portfolio with high impact prospects, which can be developed leveraging our existing facilities, and confirms our longstanding partnership with the Republic of the Congo,” senior vice-president exploration Kevin McLachlan said.

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OEUK Says EPL Reform Will Mean More Jobs

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

A profit based mechanism is OEUK’s proposed replacement for the current Energy Profits Levy (EPL), the statement highlighted, noting that it’s designed to “trigger only during periods of unusually high prices, tax excess profits or revenues, [and] adjust fairly when prices fall, restoring investor confidence”.

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Syria Resumes Oil Shipping

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

Syria has gas and oil fields in the Kurdish-held northeast of the country. In March, Sharaa and the head of the Syrian Democratic Forces, Mazloum Abdi, signed an agreement to integrate the US-backed Kurdish-led armed group into state institutions and put the resources in the area under state control.

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Equinor to Maintain 10 Pct Stake in Orsted

Oil & Gas‚ Oil and Gas Industry | intent | September 2, 2025 | Comment off

Denmark’s majority state-owned Orsted announced “a rights issue with pre-emptive rights for existing shareholders” on August 11, instead of pursuing a planned partial sale from the Sunrise Wind offshore project in the United States. Orsted said then the farm-down could not be completed due to “recent material adverse development in the U.S. offshore wind market”.

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