Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. Authorities are working to recover a body spotted underwater near the platform, according to Angola’s Petroleum and Minerals Ministry. SourceContinue Reading

BW Offshore has signed an agreement to acquire the FPSO Nganhurra, a purpose-built facility with production capacity of 100,000 bpd and storage capacity of 900,000 barrels. The acquisition is part of a strategy to offer timely and competitive redeployment solutions. SourceContinue Reading

China has asked its coal-fired power plants to boost stockpiles with domestic supply as authorities aim to push up local demand and prices, anonymous sources familiar with the matter told Reuters on Wednesday. Coal prices in China have been depressed this year, weighing on the profits and profitability of the coal producers. China’s coal prices...Continue Reading

Australia Extends Lifespan of Iconic LNG Plant to 2070 | 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 – May 28, 2025, 7:45 AM CDT After six years of reviews and delays,...Continue Reading

The OPEC+ group could start talks about establishing the baselines for individual members’ production quotas for 2027 as early as today, delegates from the alliance told Reuters on Wednesday. Some big OPEC producers, such as Iraq, the United Arab Emirates (UAE), and Kuwait, plan to raise their oil production capacity in the coming years. These...Continue Reading

Exxon to Sell French Business to Canadian Firm | 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 – May 28, 2025, 6:45 AM CDT ExxonMobil intends to sell its 83% stake in...Continue Reading

Shipping Data: Sanctioned Tankers Involved in Russia-India Oil Trade | 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 – May 28, 2025, 5:44 AM CDT Tankers sanctioned by the United States in...Continue Reading

Trump Will Allow Chevron to Keep Venezuelan Assets | 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 – May 28, 2025, 4:30 AM CDT The Trump administration will grant Chevron the right to keep...Continue Reading

B.C. Port Seeks to Draw More Tanker Traffic | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 28, 2025, 3:30 AM CDT The Vancouver Fraser Port Authority is planning to dredge an inlet in order to be able to accept fuller oil tankers, sparking concern...Continue Reading

Refiners Expect Saudi Arabia to Cut Oil Price | 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 – May 28, 2025, 2:31 AM CDT Saudi Arabia may cut its official selling price for crude...Continue Reading