CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. SourceContinue Reading

Crude oil prices ticked lower today, after the U.S. Energy Information Administration reported an inventory draw of 1.2 million barrels for the final week of 2024 but said gasoline and middle distillate stockpiles had added a sizeable volume. The crude inventory change compared with a draw of 4.2 million barrels for the previous week, when...Continue Reading

Tesla stock is selling off prior to the cash open on Thursday after the company missed on its Q4 and annual delivery and sales number. Annual vehicle sales actually declined in 2024, marking the first drop in over a decade, despite achieving record deliveries in the fourth quarter. The company reported sales of 1.79 million...Continue Reading

Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend. SourceContinue Reading

Equinor Secures $3-Billion Financing for U.S. Offshore Wind Project | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 02, 2025, 9:30 AM CST Equinor has secured a project financing package of over $3 billion for its U.S. offshore wind project Empire Wind 1, Norway’s energy...Continue Reading

Putin’s Leverage Diminishes as Ukraine Halts Russian Gas Flows to Europe | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 02, 2025, 9:00 AM CST Russia’s...Continue Reading

89% of New Cars Sold in Norway Last Year Were EVs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 02, 2025, 8:30 AM CST Norway set yet another record in electric vehicle (EV) market share in 2024, as nine out of ten new passenger...Continue Reading

Europe’s Natural Gas Prices Rise as Russian Flows via Ukraine Cease | 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 – Jan 02, 2025, 7:30 AM CST Europe’s benchmark natural gas prices...Continue Reading

Iran’s Crude Oil Exports Rebounded in Late December | 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 – Jan 02, 2025, 6:30 AM CST Crude oil exports out of Iran rebounded in...Continue Reading

Germany’s Solar Industry Faces Troubles as Growth Slows | 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 – Jan 02, 2025, 5:30 AM CST Growth in solar capacity additions in Germany slowed...Continue Reading