Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field. SourceContinue Reading

Southeast Asia Picks Gas Over Green Hype as Power Demand Surges | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 07, 2025, 5:00 PM CDT Natural gas is gradually going to overtake...Continue Reading

A federal jury in the Southern District of Texas has ruled in favor of Marathon Oil in a high-stakes natural gas trading dispute stemming from Winter Storm Uri. The jury rejected a $123.7 million breach-of-contract counterclaim filed by Koch Energy Services. SourceContinue Reading

Orsted Warns Offshore Wind Continues To Face Challenges | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 07, 2025, 3:00 PM CDT Orsted’s core earnings, or EBITDA excluding new partnerships...Continue Reading

The European Union is preparing to impose up to €100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report by Bloomberg this morning. The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization. “These import taxes...Continue Reading

Tesla’s China-made vehicle sales dropped sharply in April, bucking the trend of strong growth among major Chinese EV competitors, according to CNEVPOST. According to the China Passenger Car Association (CPCA), Tesla sold 58,459 vehicles last month (including exports), down 5.96% year-over-year and 25.84% from March’s 78,828 units. From January to April, Tesla China’s total sales fell...Continue Reading

Is It Time to Unlock the Great Lakes’ Wind Power Potential? | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – May 07, 2025, 2:00 PM CDT Ontario’s...Continue Reading

Harbour Energy has slammed the government’s “punitive fiscal position” as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of...Continue Reading

Rockefeller Foundation Launches Scheme to Close Coal Plants in Emerging Markets | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 07, 2025, 12:30 PM CDT The Rockefeller Foundation is launching...Continue Reading

How an India-Pakistan War Could Derail Central Asia’s Future | OilPrice.com James Durso James D. Durso is the Managing Director of Corsair LLC, a supply chain consultancy. In 2013 to2015, he was the Chief Executive Officer of AKM… More Info Premium Content By James Durso – May 07, 2025, 12:00 PM CDT A war between...Continue Reading