PetroChina Co.’s profit hit record levels last year, as increased production offset lower energy prices. Net income at China’s biggest oil and gas producer climbed 2% to 164.7 billion yuan ($22.7 billion), according to a filing on Sunday. SourceContinue Reading

The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.  SourceContinue Reading

Subsea 7 S.A. today announced the award of a sizeable contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. The scope includes engineering, procurement, construction and installation of a five-kilometer CO2 pipeline. SourceContinue Reading

Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion | 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 – Mar 31, 2025, 7:30 AM CDT The world’s biggest sovereign...Continue Reading

U.S. Scraps Foreign Firms’ Licenses to Operate in Venezuela’s Oil Industry | 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 – Mar 31, 2025, 6:30 AM CDT The U.S. Treasury has revoked...Continue Reading

North Sea Taskforce Urges Windfall Tax Replacement Before 2030 | 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 – Mar 31, 2025, 5:30 AM CDT The UK government needs to replace the...Continue Reading

Trump Threatens Iran With Bombs If Nuclear Deal Fails | 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 Related News By Irina Slav – Mar 31, 2025, 4:30 AM CDT President Donald Trump has threatened Iran with bombings and...Continue Reading

Chinese Oil Major Discovers New Field | 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 Related News By Irina Slav – Mar 31, 2025, 3:15 AM CDT China’s state energy company CNOOC said today it had discovered a new...Continue Reading

Trump Threatens Russia With Further Oil Sanctions | 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 Related News By Irina Slav – Mar 31, 2025, 1:57 AM CDT President Donald Trump has threatened secondary sanctions on Russia’s energy industry...Continue Reading

Nigeria’s state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering. CFO Olugbenga Oluwaniyi stated that the company was in the “final stage” of obtaining a listing. SourceContinue Reading