“TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade,” commented Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies. SourceContinue Reading

Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties in Texas and New Mexico, according to a new report from the Energy Information Administration (EIA). SourceContinue Reading

Oil Prices Up 2% Ahead of OPEC+ Meeting | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Sep 02, 2025, 11:06 AM CDT Gold prices reached an all-time high above $3,500 per ounce due to increased speculation of a September interest...Continue Reading

Low Oil Prices Force Saudi Arabia to Tap More Debt | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 02, 2025, 10:30 AM CDT Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the...Continue Reading

Ukraine Urges China to Pressure Putin as War Overshadows SCO Summit | 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 – Sep 02, 2025, 10:00 AM CDT Ukraine...Continue Reading

TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe solutions. The first award involves the design, engineering, and manufacturing of flexible gas injection risers in the Santos basin, while the second award involves flexible risers and flowlines for deployment in the Campos basin. SourceContinue Reading

India’s Electricity Generation Jumps as Industry Rebounds | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Sep 02, 2025, 9:30 AM CDT India’s manufacturing activity, which consumes about half of the country’s power supply, surged in August to the highest level...Continue Reading

Asia’s crude oil imports rebounded in August from a year-low level in July, likely fueled by low oil prices in May and early June when the cargoes arriving in August must have been nominated.  Asia, the world’s biggest oil-importing region and a key gauge of global oil demand growth, saw crude oil imports average 27.18...Continue Reading

Russia and China Ink Deal for Massive New Gas Pipeline | 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 – Sep 02, 2025, 8:00 AM CDT Russia’s gas giant Gazprom on Tuesday...Continue Reading

Syria Exports First Crude Oil in 14 Years | 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 – Sep 02, 2025, 7:00 AM CDT Syria has just exported its first cargo of...Continue Reading