Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken. SourceContinue Reading
HSBC is sticking with the bear case on balances, saying OPEC+ will pick up the pace of quota increases in Q2–Q3 2026 as the group leans back into market share. The call lands two days after OPEC+ signed off on a small 137,000 bpd hike for December and—crucially—a pause on further hikes in January–March 2026,...Continue Reading
In Tashkent’s ongoing effort to find a path to a seaport and expand global trade options, representatives of the state company Uzbekistan Railways have engaged a Pakistani logistics firm to establish a multimodal route connecting Uzbekistan and Pakistan. The October 30 talks involving Uzbekistan Railways and Islamabad-based SLG Trax Group “discussed in detail” the feasibility of a secure and...Continue Reading
Libya Announces New Onshore Oil Discovery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 04, 2025, 12:30 PM CST Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new oil discovery in the Ghadames...Continue Reading
How the UAE Has Helped Western Oil and Gas Majors Return to Iraq | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Nov 04, 2025, 12:00 PM...Continue Reading
Wind Power Project Faces Setback in Northern Norway | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Nov 04, 2025, 11:30 AM CST Norway is rejecting an application for an 800-MW windfarm in its northernmost county Finnmark, citing irreversible impact on...Continue Reading
Will Russia Intervene to Save Maduro? | 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 – Nov 04, 2025, 11:00 AM CST The U.S. has increased its military...Continue Reading
Chevron has entered two deepwater offshore blocks in Guinea-Bissau’s MSGBC basin, expanding its strategic footprint in West Africa. The U.S. major will operate Blocks 5B and 6B with 90% interest, focusing on oil exploration through new seismic interpretation. SourceContinue Reading
Japan’s J-Power to Close Coal Plants by 2028 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Nov 04, 2025, 10:30 AM CST Japanese power company J-Power has announced plans to close two units at a thermal coal power plant by...Continue Reading
Halliburton has launched its LOGIX™ unit vitality system, an AI-powered platform that monitors cementing equipment in real time to improve reliability, predict maintenance needs and reduce nonproductive time. SourceContinue Reading
