Valero Energy has secured Venezuelan crude from three authorized sellers and expects the heavy grade to make up a substantial part of its U.S. refinery feed as early as next month, a move tied to renewed Venezuelan oil exports.
Olenox Industries has signed a letter of intent for a $36 million midstream acquisition in Oklahoma’s STACK play, targeting crude oil gathering and transportation assets operated by Vivakor.
India has halted diesel exports to Europe and redirected record volumes to West Africa as the EU enforces a ban on fuel made from Russian crude, reshaping global refined-product trade flows.
A drilling rig accident during a move on Alaska’s North Slope triggered a diesel spill response, with state and federal agencies assessing environmental impacts and investigating the cause.
Trafigura completed its first crude export using Argentina’s new Derivación pipeline, linking the Neuquén Basin to Puerto Galván and boosting export capacity from Vaca Muerta.
The latest P&GJ 500 Report reveals familiar leaders across U.S. gas distribution, transmission and liquids pipelines, even as rankings shift by mileage, volumes and revenue amid changing market conditions.
U.S. upstream mergers and acquisitions rebounded sharply in the fourth quarter, with deal value reaching $23.5 billion as buyers shifted toward gas-weighted assets and non-Permian opportunities.
A severe winter storm forced widespread oil and gas shut-ins across the U.S., cutting crude output by as much as 2 million barrels per day and triggering freeze-related disruptions in the Permian Basin and beyond.
Houston-based oil, pipeline, and terminal companies are exploring early-stage plans tied to a possible reopening of Venezuela’s oil sector, as U.S. policy signals spark renewed interest across the energy industry.
Libya has signed a 25-year oil development agreement with TotalEnergies and ConocoPhillips, committing more than $20 billion in foreign investment to boost long-term production capacity and strengthen export infrastructure tied to the Waha system, according to government officials.
Trading house Trafigura has completed its first Venezuelan crude shipment under a new U.S.–Venezuela supply agreement, with a cargo headed for Spanish refiner Repsol as part of efforts to reintegrate Venezuelan oil into global markets.
ABB has modernized automation, monitoring and cybersecurity systems on BPCL’s 582-mile Vadinar–Bina crude oil pipeline in India, completing the upgrade without disrupting operations.
TotalEnergies and Bapco Energies have launched BxT Trading, a Bahrain-based joint venture focused on trading petroleum products and expanding Middle East market access.
President Donald Trump has rolled out aggressive pro-oil and gas policies, but his push for low prices and energy dominance may be undercutting U.S. producers’ growth and profitability.
Iraq’s oil exports are averaging 3.6 million barrels per day in January, with shipments from Kurdish fields contributing to flows after exports to Turkey resumed through the Ceyhan corridor.
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