Indian refiner Chennai Petroleum Corporation Limited plans to boost the crude oil refining capacity at its Manali refinery by a third to 280,000 barrels per day (bpd), the refiner said in its 2025/2026 report.
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran. In a Truth Social post, Trump instructed producers to “get your consumer (retail!) Oil Prices DOWN, NOW!”
Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that exports to the United States during that month increased.
TotalEnergies SE has signed an agreement to buy Shell PLC’s four-gigawatt (GW) portfolio of mostly in-the-pipeline onshore renewable energy (RE) projects in Europe.
The U.S. Department of the Interior has proposed targeted revisions to federal regulations governing exploratory oil and gas drilling on Alaska’s Outer Continental Shelf, seeking to modernize the 2016 Arctic Exploratory Drilling Rule while maintaining existing safety and environmental oversight.
The Texas Railroad Commission (RRC) has partnered with the Texas A&M Engineering Extension Service (TEEX) to launch an advanced fire prevention and electrical safety training program for oil and gas inspectors, strengthening field oversight aimed at reducing wildfire risks and improving operational safety.
Petrobras has confirmed a new deepwater natural gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, further expanding the company’s growing offshore gas portfolio in the country.
Oil fell after both the U.S. and Iran signaled that discussions to restore shipping through the Strait of Hormuz are ongoing, raising hopes for a pickup in supply from the Middle East.
Kosmos Energy reported second-quarter net production of approximately 71,400 boed, up 12% from a year earlier, as new Jubilee wells and the continued ramp-up of the Greater Tortue Ahmeyim (GTA) LNG project supported higher output.
Italian energy services giant Saipem has secured a $260 million offshore drilling contract from Eni’s Ivorian subsidiary, paving the way for one of the world’s most advanced ultra-deepwater drillships to begin a long-term drilling campaign off the coast of Côte d’Ivoire from early 2027.