Expro has introduced a single-valve shear-and-seal system designed to simplify subsea well access, reduce operational complexity and support intervention and plug-and-abandonment operations offshore. SourceContinue Reading

Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading

Mexico’s state oil company Pemex has reduced its debt to an 11-year low after receiving more than $40 billion in government support, as President Claudia Sheinbaum looks to revive oil production, attract private investment and stabilize aging upstream assets. SourceContinue Reading

Automakers’ EV Push Burns $100+ Billion With Little to Show | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Feb 04, 2026, 3:00 PM CST Automakers have racked up massive EV losses, with major U.S. and European brands burning through an estimated $114...Continue Reading

Russian President Vladimir Putin and Chinese President Xi Jinping held a video link call on Wednesday, wherein Putin hailed Russia’s energy relationship with China as “strategic” while emphasizing that Beijing has become Moscow’s top buyer of oil and gas since the Ukraine ‘special military operation’ began. The timing is the most notable aspect, given the call came just...Continue Reading

Mexico’s Pemex Vows To Continue Oil Exports To Cuba Amid Trump Threats | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Feb 04, 2026, 1:00 PM CST Mexico’s National Oil Company Pemex has announced that it intends to uphold...Continue Reading

Phillips 66 Beats Estimates as Refining Margins Rebound From 2024 Lows | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Feb 04, 2026, 12:30 PM CST Houston, Texas-based refiner Phillips 66 (NYSE:PSX) has exceeded Wall Street estimates for the...Continue Reading

Chevron Signs Initial Deal to Explore Syrian Waters | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Feb 04, 2026, 12:00 PM CST Chevron’s MOU marks a significant step toward reopening Syria’s offshore energy potential in the gas-rich Levant...Continue Reading

Germany, France, and Italy Lead EU Push to Curb Reliance on China’s Minerals | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 04, 2026, 11:30 AM CST The European Union’s biggest economies – Germany, France, and Italy – will lead the bloc’s efforts to build...Continue Reading

Azerbaijan Breaks Ground on Power Line Linking the Caspian to Europe | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Feb 04, 2026, 11:00 AM CST Azerbaijan has started...Continue Reading