Oil and Gas
Russia becomes China’s largest oil exporter
China raised Russian crude imports by 54.84% in May, reaching 8.41 million tons and surpassing Saudi Arabia.
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
Latest Oil and Gas News
Oil and Gas
Guyana could overtake Brazil as South America’s top oil producer
By: Franyi Sarmiento, Ph.D., Inspenet, June 17, 2022. The large global energy company ExxonMobil and its partners Hess and CNOOC have made a significant…
Oil and Gas
API Unveils 10-Point Policy Plan to Restore US Energy Leadership and Drive Economic Recovery
Free translation by: Franyi Sarmiento, Ph.D., Inspenet, June 17, 2022. The American Petroleum Institute this week released a "10 in 2022 plan": 10 policies…
Oil and Gas
US Department of Energy will sell oil from its strategic reserve
By: Franyi Sarmiento, Ph.D., Inspenet, June 17, 2022. The United States Department of Energy announced Tuesday that it will sell 45 million barrels of…
Oil and Gas
OPEC revises downward forecast for oil demand in the second quarter of 2022
By: Franyi Sarmiento, Ph.D., Inspenet, June 16, 2022 This week, the Organization of the Petroleum Exporting Countries (OPEC) left its forecast for 2022 oil…
Oil and Gas
TotalEnergies wins stake in multi-billion dollar Qatar gas expansion project
By: Franyi Sarmiento, Ph.D., Inspenet, June 15, 2022. TotalEnergies became the first foreign company to win a stake in a multi-billion dollar project to…
Oil and Gas
Oil exploration 350 km from Mar del Plata will be without platforms or explosions
By: Franyi Sarmiento, Ph.D., Inspenet, June 9, 2022. The exploration process will be carried out 350 km from the city of Mar de Plata,…
Oil and Gas
Vietnam exceeded its oil extraction plan
By: Franyi Sarmiento, Ph.D., Inspenet, June 8, 2022. The Vietnam National Oil and Gas Group (PVN) exceeded the crude oil extraction plan for the…
Oil and Gas
Oil rises to US$ 120 and world stock markets operate on the rise
By: Franyi Sarmiento, Ph.D., Inspenet, June 7, 2022. European stocks rose on Monday helped by miners and luxury stocks as China eased more Covid-19…
Oil and Gas
During 2022, petroleum coke will once again be competitive against coal
By: Franyi Sarmiento, Ph.D., Inspenet, May 23, 2022. Following the Russia-Ukraine conflict, energy markets have been experiencing extreme volatility in terms of commodity prices…
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