A massive Gulf of Mexico oil spill mystified experts. Years later, a Houston oil company faces record fines

A Houston company faces a record $9.6 million in federal fines for its role in a major oil spill that mystified experts and ...
C&EN

How Africa’s largest refinery is redefining Nigeria’s oil economy

“This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential, and our commitment to building ...
NDTV

"It's A Process": Trump Reiterates Claim On India's Russian Oil Imports Amid New Sanctions

US President Donald Trump has reiterated his claim that New Delhi has assured him that India will curb its Russian oil imports, citing a personal assurance from Prime Minister Narendra Modi. Speaking ...
Rigzone

What is the process of crude oil refining in oil and gas?

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...
Reuters

Oil prices rise, make weekly gains as Ukraine peace process stalls

HOUSTON - Aug 22 (Reuters) - Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three ...
Rigzone

Nostrum Secures Extension of Deal to Process Production from Ural Oil

Nostrum's unit Zhaikmunai agreed to continue processing third-party hydrocarbons delivered by Ural Oil & Gas under new terms until May 2031. Independent energy company Nostrum Oil & Gas PLC has said ...
Reuters

ADNOC makes first trades during Platts Dubai oil pricing process, traders say

SINGAPORE, March 6 (Reuters) - Abu Dhabi National Oil Company has conducted its first trades using S&P Global Platts' pricing process for Middle East benchmark Dubai crude oil, traders said on ...
Crude Oil Prices

Abu Dhabi’s ADNOC Buys Its First Dubai Crude via Platts Pricing Process

ADNOC has started trading Dubai crude oil through the S&P Global Platts pricing process, a rare action for a Middle Eastern national oil company. These trades impact the Dubai/Oman average, a key ...
Bulletin of the Atomic Scientists

‘The process is broken’: Major oil producing countries kill UN plastics treaty over cap on production

Editor’s note: This story was originally published by Grist. It appears here as part of the Climate Desk collaboration. What was supposed to be the final round of United Nations negotiations for a ...
Crude Oil Prices

Oil Production Costs Surge, But Shale Projects Remain Profitable

The cost of developing new oil projects has increased due to inflation and supply chain challenges, but breakeven prices are still below current oil prices. Tight oil and offshore projects offer the ...
Newsweek

Map Shows Which States Produce the Most Oil

The U.S. is a key player in the world of oil production, producing several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. This amounts to an annual production of ...