The US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from […]
On a continent rich in untapped hydrocarbon resources, Africa is positioning itself as a prime destination for oil and gas investments amid global energy demand. From legacy producers like Nigeria and Angola to emerging frontiers […]
In a stark illustration of the petrochemical industry’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by […]
In a dramatic shift for global energy geopolitics, Venezuela finds itself increasingly isolated as its two primary allies, Russia and China, dial back their support for President Nicolás Maduro’s regime. This development, highlighted in a […]
In a significant development for the global energy sector, U.S. oil giant ExxonMobil has expressed interest in acquiring Russian firm Lukoil’s majority stake in one of Iraq’s premier oilfields. This move comes amid escalating U.S. […]
The United States has solidified its position as the world’s leading exporter of liquefied natural gas (LNG), with exports poised for a remarkable 40% surge in November 2025 alone, reaching an estimated 10.7 million tons. […]
Weekly Daily Standup Top Stories Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron November 15, 2025 Clark Savage In a landscape where energy markets are grappling with uncertainties around oversupply and […]
Saudi Aramco, the world’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements […]
In a significant development amid escalating U.S. sanctions on Russian energy firms, Lukoil PJSC’s roster of potential buyers for its international assets has grown to include major players like Exxon Mobil Corp., Chevron Corp., and […]
As global oil prices hover below $70 per barrel and competition intensifies, major oil companies are achieving a remarkable feat: record or near-record production levels while significantly reducing headcounts. This shift marks what industry insiders […]
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