TMC Compressors has secured a contract to supply marine compressed air systems for SBM Offshore’s Trion FSO, supporting deepwater oil development offshore Mexico. The unit will be deployed in 2,500 m of water and is designed to store up to 950,000 bbl of crude. SourceContinue Reading
McDermott has been awarded a major EPCI contract by ADNOC for the Nasr-115 Expansion Project offshore the UAE, supporting increased Al Nasr field production capacity to 115,000 bpd by 2027. SourceContinue Reading
The U.S. has no plans to provide physical or financial security guarantees to oil companies planning to operate in Venezuela, Energy Secretary Chris Wright said, underscoring ongoing investment risk concerns in the country’s oil sector. SourceContinue Reading
Saudi Aramco Dismisses Oil Glut Narrative as ‘Seriously Exaggerated’ | 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 22, 2026, 8:00 AM CST Forecasts of a massive oil glut are...Continue Reading
Oil Prices Slump as Trump Walks Back Greenland Tariff Threat | 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 22, 2026, 7:00 AM CST Oil prices fell by about 1.5%...Continue Reading
Kazakhstan Investigates Incident that Halted Huge Tengiz Oilfield | 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 22, 2026, 6:00 AM CST Kazakhstan has set up a special commission that...Continue Reading
China Reports Record-High LNG Imports from Russia | 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 22, 2026, 5:00 AM CST China imported record volumes of liquefied natural gas from...Continue Reading
Venture Global Secures Another Legal Victory in LNG Battle | 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 – Jan 22, 2026, 3:30 AM CST Venture Global has won its second arbitration case in...Continue Reading
Wind and Solar Overtake Fossil Fuels in Europe’s Power Mix for the First Time | 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 – Jan 22, 2026, 2:15 AM CST Electricity generated by wind...Continue Reading
U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2026, 12:30 AM CST Valero and Phillips 66 have bought two cargoes of Venezuelan crude that are part of the 50 million barrels that the Trump...Continue Reading
