Russian gas producer Novatek has rerouted approximately 70,000 metric tons of gas condensate to the Black Sea port of Novorossiisk due to a shutdown at its Ust-Luga gas condensate complex, sources told Reuters. The disruption traces back to a drone attack on August 24 that ignited a fire at the Ust-Luga facility, incapacitating all operations,...Continue Reading
ExxonMobil says global energy demand will hold steady, reinforcing its long-term fossil fuel strategy. The company plans to double LNG sales by 2030, expand production in Guyana and the Permian, and advance new LNG projects in Mozambique and Papua New Guinea. SourceContinue Reading
ARGAS has become the first company to deploy STRYDE’s nodal seismic technology in Egypt, acquiring 30,000 Range+ nodes and the Nimble system for a large 2D survey. The move marks a breakthrough in onshore seismic acquisition. SourceContinue Reading
Octopus Energy Splits Off Kraken to Fast-Track Global Growth | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Sep 18, 2025, 2:00 PM CDT Kraken, Octopus Energy’s...Continue Reading
Monday saw a brief global outage of Elon Musk’s satellite internet service Starlink impact tens of thousands of people, including Ukrainian military forces across the entire frontline. Despite such occasional hiccups, Ukraine has long successfully relied on Starlink throughout the conflict, especially to run its fleet of attack drones. Russia is working on its own...Continue Reading
Citgo Refineries at Risk After U.S. Court Decision | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 18, 2025, 12:30 PM CDT A U.S. federal judge has ruled that defaulted bonds issued by Venezuela’s state oil company PDVSA in 2016 remain valid, strengthening creditors’ claims...Continue Reading
Silicon Valley’s Embrace of Defense Tech | 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 18, 2025, 12:00 PM CDT Global conflicts and rising defense budgets...Continue Reading
ExxonMobil CEO Darren Woods blasted the EU’s new Corporate Sustainability Due Diligence Directive, calling it “bone-crushing” for upstream operators. The law, set for full rollout by 2029, would mandate binding net-zero plans across global supply chains and fine violators up to 5% of global revenue. SourceContinue Reading
CEO Woods: Exxon Has No Plans to Return to Russia | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 18, 2025, 11:30 AM CDT ExxonMobil doesn’t plan a return to the Russian oil industry, the U.S. supermajor’s chief executive Darren Woods told the Financial Times...Continue Reading
A new IEA report warns that accelerating oil and gas field decline rates could remove the equivalent of Brazil and Norway’s combined production each year without continued upstream investment, raising concerns for energy security and market balance. SourceContinue Reading
