Crude oil news

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  29 September 2025

  TotalEnergies 2025 Strategy and Outlook

  Aims for 4% annual energy growth, $7.5B savings, and 40%+ shareholder returns. Focus on LNG, Integrated Power, and emissions reduction.
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  29 September 2025

  ORLEN Launches Production at Andvare Field, Norway

  Andvare field starts production, using existing infrastructure to cut costs. Expected gas supply: 300 million cubic meters. Investments to be recovered in four months.
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  29 September 2025

  bp Approves Tiber-Guadalupe Project in US Gulf

  The Tiber-Guadalupe project will start in 2030, producing 80,000 barrels/day. It includes six Tiber wells and two Guadalupe tiebacks, with 350 million barrels of recoverable resources.
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  26 September 2025

  MOL Group to Resume Crude Exports from Kurdistan

  Agreements reached to reopen the KRI-Ceyhan pipeline, closed since spring 2023, boosting MOL's Shaikan oil field production and price realization.
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  25 September 2025

  Eni Sells 30% Stake in Côte d’Ivoire's Baleine Project to Vitol

  The Baleine project, Côte d’Ivoire's key offshore development, boosts production with Phase 3, enhancing energy supply. Eni and Vitol strengthen ties in West Africa.
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  24 September 2025

  TotalEnergies Board Confirms Strategy and Growth Progress

  Board prioritizes dividend growth, adjusts share buybacks, approves employee capital increase, and converts ADRs to ordinary shares, supporting a 4% annual energy production growth.

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  22 September 2025

  ExxonMobil Expands Guyana Offshore Capacity with Seventh Project

  ExxonMobil's Hammerhead project in Guyana will produce 150,000 barrels/day by 2029, boosting local jobs and investments. Total committed funds for seven projects exceed $60 billion.
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  18 September 2025

  MOL and O&GD Uncover New Oil Field

  A new oil field near Galgahévíz, Hungary, produces 1,000 barrels/day, enhancing domestic energy security and reducing import dependency.
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  16 September 2025

  Eni and Partners Boost Energy Production and Sustainability in Ghana

  Agreement with Ghana to enhance oil and gas output, explore new fields, and invest in sustainable initiatives, including social programs and infrastructure upgrades.
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  12 September 2025

  Galp Acquires 27.5% Stake in Shell's São Tomé Offshore Block 4

  Galp expands its São Tomé exploration with a new stake in Block 4, joining Shell, Petrobras, and ANP-STP, reinforcing its long-term commitment to the region's offshore resources.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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%.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  18 June 2025

  Tengizchevroil Releases 2024 Corporate Responsibility Report

  The report highlights TCO's safety, environmental efforts, $201B in payments to Kazakhstan, and investments in local content and community projects.
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  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.