McDermott and Namibia’s PETROFUND signed an MOU to strengthen local workforce development in the country’s emerging oil and gas sector. The partnership focuses on technical training, knowledge transfer, and capacity building aligned with international standards. SourceContinue Reading

Gold Blasts Past $4,000 as Investors Flee to Safety Amid U.S. Political Turmoil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 08, 2025, 11:30 AM CDT Gold prices were surging above $4,000 per ounce on Tuesday for the first time ever, as escalating political...Continue Reading

Cenovus Sweetens Offer for MEG Energy to $6.2 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 – Oct 08, 2025, 10:30 AM CDT Cenovus Energy is raising its takeover bid...Continue Reading

Gold To Pass LNG As Australia’s No. 2 Resource Export    | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Oct 08, 2025, 10:00 AM CDT On...Continue Reading

Crude oil inventories in the United States increased by 3.7 million barrels during the week ending October 3, after gaining 1.8 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 420.3 million barrels according to government data, which...Continue Reading

Russia Says It Is Boosting Oil Production | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Oct 08, 2025, 9:30 AM CDT Russia has raised its oil production close to the ceiling in the OPEC+ deal, Russian Deputy Prime Minister Alexander...Continue Reading

Fire at Chevron’s El Segundo Refinery Threatens California Fuel Supply | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Oct 08, 2025, 9:00 AM CDT A major...Continue Reading

Crude Oil Futures Rise on Supply Data and OPEC+ Outlook | 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 – Oct 08, 2025, 8:00 AM CDT Oil prices rose early on Wednesday...Continue Reading

Cenovus Energy has raised its takeover offer for MEG Energy to C$7.6 billion, sweetening terms ahead of a delayed shareholder vote. The deal would expand Cenovus’s footprint across Alberta’s Christina Lake oil sands, where MEG produces about 100,000 bpd. SourceContinue Reading

ExxonMobil has signed new agreements with Iraq’s Basra Oil Co. and SOMO to explore and develop the Majnoon oil field, marking its first upstream re-entry into Iraq since exiting West Qurna-1 in early 2024. SourceContinue Reading