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Category : oil-and-gas~offshore|oil-and-gas:Oil and Gas

OPEC+ Nears Decision Point on Next Oil Output Hike
oil-and-gas~offshore|oil-and-gas:Oil and Gas

OPEC+ Nears Decision Point on Next Oil Output Hike

August 2, 2025

August 01, 2025 OPEC+ is inching toward a pivotal decision this weekend, whether to greenlight another 548,000 bpd in production hikes for September, effectively fast-tracking the return of 2.2 million bpd in voluntary cuts a year ahead of schedule.                                        The Joint Ministerial Monitoring Committee (JMMC) already met last week and stopped short of recommending any fresh changes […]Read More

Chevron Tops Profit Estimates on Record-High Oil and Gas Output
General News oil-and-gas~offshore|oil-and-gas:Oil and Gas

Chevron Tops Profit Estimates on Record-High Oil and Gas Output

August 1, 2025

August 01, 2025 Chevron Corporation beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs.   Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of $4.7 billion, or $2.55 […]Read More

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited
offshore oil-and-gas~offshore|oil-and-gas:Oil and Gas Uncategorized

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

July 30, 2025

Abuja, Nigeria, 30 July 2025—The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall meeting […]Read More

Chevron Nigeria Limited refutes spill allegation, reiterates commitment to environmental protection
news oil-and-gas~offshore|oil-and-gas:Oil and Gas

Chevron Nigeria Limited refutes spill allegation, reiterates commitment to environmental

July 30, 2025

Lagos, Nigeria, July 28, 2025: Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, confirms that it is aware of media reports alleging an ongoing spill in CNL’s Berth Offshore Platform (“BOP”) impacting communities in Ilaje Local Government Area of Ondo State in CNL’s western operations […]Read More

Oil Prices Hold Steady After Monday’s Rally
energy|power|renewables oil-and-gas~offshore|oil-and-gas:Oil and Gas

Oil Prices Hold Steady After Monday’s Rally

July 29, 2025

July 28, 2025 Oil prices were holding relatively steady early on Tuesday morning following a sharp rally on Monday driven by mounting geopolitical tensions and supportive trade developments. At the time of writing, WTI Crude was trading at $66.60 per barrel, down $0.06 or 0.09%, while Brent Crude hovered at $70.00, slipping just $0.04 or 0.06%. Among the catalysts […]Read More

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