Petroleum remains the lifeblood of global industries, powering transportation, manufacturing, and countless innovations. In 2025, the petroleum market is witnessing seismic shifts driven by evolving energy demands, geopolitical factors, and advancements in extraction technologies. For businesses, understanding these trends isn’t just essential—it’s the key to staying competitive in a rapidly transforming industry. 1. Demand for […]

The petroleum industry in 2025 stands at the crossroads of geopolitical changes and evolving supply chain dynamics. Nations are vying for influence over energy resources, reshaping the landscape of global oil trade. This year, supply chains are undergoing significant transformations as countries like Saudi Arabia, Russia, and the United States adapt to shifting power structures, […]

The petroleum industry has always been a cornerstone of global energy, but 2025 marks a critical juncture. With sustainability, technology, and shifting geopolitical landscapes taking center stage, the industry faces unprecedented changes. These dynamics are reshaping how oil and gas are extracted, refined, and consumed, making this year a pivotal moment in history. Sustainability Push: […]

Crude oil prices rose for the third consecutive session on Wednesday, driven by China’s plans to boost its economy, potential new U.S. sanctions on Russian oil, and a consistent decline in U.S. crude supplies. These factors, combined with mixed projections from OPEC, are shaping a dynamic and complex energy market. Key Drivers Behind the Price […]

SLB’s OneSubsea™ joint venture has secured a groundbreaking contract with Petrobras to deliver two cutting-edge subsea raw seawater injection (RWI) systems. These systems will enhance production efficiency at the prolific Búzios field, reducing greenhouse gas (GHG) emissions per barrel of oil while increasing recovery rates for Petrobras’ FPSOs P-74 and P-75. A Smarter Approach to […]

Shell Offshore Inc., a subsidiary of Shell plc, has made an exciting announcement about its continued commitment to energy production in the U.S. Gulf of Mexico (GoM). The company has reached a Final Investment Decision (FID) for the Phase 3 Silvertip project. This new venture aims to deliver two high-performing wells at the Shell-operated Perdido […]

Global oil supply has seen a notable increase, climbing by 290,000 barrels per day in October, reaching approximately 102.9 million barrels daily. This rise is largely attributed to Libya resuming crude production, offsetting declines from other producers like Kazakhstan and Iran. Despite these gains, OPEC+ has delayed lifting voluntary production cuts until January 2025, aiming […]

The African Energy Chamber (AEC) has officially endorsed the Congo Energy & Investment Forum (CEIF), a groundbreaking event set to take place in March 2025. Announced during African Energy Week: Invest in African Energies in Cape Town by the Republic of Congo’s Ministry of Hydrocarbons, this forum represents a monumental step for the nation as […]

India is making transformative strides in the energy sector to meet increasing demand and strengthen its global position. With ambitious plans to enhance refinery capacity and embrace sustainable energy solutions, the country is setting new benchmarks in innovation and leadership. Boosting Refinery Capacity for a Brighter Future India plans to increase its refinery capacity from […]

India’s Oil and Natural Gas Corporation (ONGC) is making headlines with its strategic plan to build two advanced offshore jack-up drilling rigs domestically, valued at approximately $500-$550 million. This move aims to replace older rigs, some of which have been operational for over four decades, while also fostering growth and innovation in India’s shipbuilding industry. […]