Crude oil news

• 

  9 September 2025

  bp to Drill Five Wells in Mediterranean

  bp signed an MoU to explore five wells in the Mediterranean, aiming to boost gas production in the West Nile Delta, with drilling set for 2026 and potential tie-backs post-evaluation.
• 

  9 September 2025

  Mitsubishi Chemical Adopts Circularise Platform for Chemical Recycling Traceability

  MCC enhances supply chain reliability and sustainability by centralizing mass balance credit management and improving traceability for chemical recycling operations.
• 

  2 September 2025

  TotalEnergies Secures Two Offshore Exploration Licenses in Nigeria

  TotalEnergies and partner South Atlantic Petroleum sign a PSC for PPL 2000 and 2001 in Nigeria's West Delta basin, planning to drill one exploration well.
• 

  1 September 2025

  Petromidia Offshore Terminal Turnaround Completed by KMG International

  Midia Marine Terminal completed a 10-day maintenance, replacing critical hoses and ensuring uninterrupted crude supply to Petromidia refinery, despite challenging weather conditions.
• 

  29 August 2025

  ORLEN and Equinor Sign Long-Term Oil Supply Deal

  ORLEN secures 6M tonnes of crude from Norway's Johan Sverdrup field, covering 15% of annual demand, enhancing energy security and reducing CO₂ emissions.
• 

  25 August 2025

  Sasol Advances CMD Goals with Strong FY25 Financials

  Achieved 75% higher free cash flow, improved EBITDA, and advanced emission reduction. Strengthened balance sheet, reduced net debt, and increased EPS by over 100%.

• 

  25 August 2025

  Oil and Gas Found Near Troll Field

  Oil and gas discovered in Fram area, with resources estimated at 0.1-1.1 million cubic meters. Potential for further exploration and infrastructure integration.
• 

  22 August 2025

  ORLEN Discovers Major Oil Reserve in North Sea

  A significant oil find in the North Sea, with up to 134 million barrels, advances ORLEN's 2035 Strategy. Advanced drilling tech and geo-steering enhanced exploration success.
• 

  21 August 2025

  ORLEN Group Q2 2025: Strong Profit Growth

  Q2 2025 saw doubled LIFO-based EBITDA, strategic investments in energy transition, and complete shift from Russian crude, enhancing regional energy security.
• 

  8 August 2025

  ExxonMobil Starts Production at Fourth Guyana Offshore Project

  Yellowtail FPSO begins production, boosting Guyana's capacity to 900,000 barrels/day. Local workforce is 67%. Eight developments planned by 2030, targeting 1.7 million barrels/day.
• 

  5 August 2025

  MOL Group and KazMunayGas Ink Oil Trading Deal

  MOL imports 85,000 tons of CPC crude to Croatia, enhancing supply security in Central and Eastern Europe. The deal builds on a strategic partnership for oil diversification and cooperation.
• 

  4 August 2025

  KMG Delivers First Oil to Hungary via Croatia

  Kazakh oil reaches Hungary through Croatia, marking a strategic expansion in EU markets. A Framework Agreement for future deliveries was signed.
• 

  18 July 2025

  Chevron Finalizes Hess Acquisition

  The merger creates a top-tier energy firm, enhancing growth and shareholder returns, with significant assets in Guyana and Bakken, and $1B in cost synergies expected by 2025.
• 

  9 July 2025

  Gunvor Reduces Rotterdam Operations Amid Investment Uncertainty

  Operations in Rotterdam are scaled back, ending terminal activities. Energy transition projects continue, including a SAF plant with VARO Energy. Job losses expected.
• 

  1 July 2025

  Johan Sverdrup Phase 3 Expansion

  Phase 3 boosts recovery by 40-50 million boe with new subsea infrastructure, AI-driven cost savings, and aims for a 75% recovery rate, enhancing energy supply to Europe.
• 

  22 November 2024

  Gunvor Temporarily Halts Rotterdam Refinery Operations Amidst Challenging Market Conditions

  Operations paused due to unviable feedstock and high costs. Refinery to serve as trading terminal. Energy transition projects, including SAF facility, remain unaffected.