Guyana's oil sector has reached significant new milestones as of early 2026, solidifying its position as the world's largest oil producer per capita.Daily production from the offshore Stabroek Block surpassed…
AlessandroMarch 14, 2026
The U.S. Treasury Department has issued a temporary 30-day waiver (General License 133) allowing Indian refineries to purchase Russian crude oil and petroleum products that were already loaded on vessels…
AlessandroMarch 6, 2026
Spot rates for oil and gas tankers are currently at all-time highs in March 2026, primarily driven by severe geopolitical conflict in the Middle East and the effective closure of…
AlessandroMarch 5, 2026
The trading companies are experiencing difficulty selling Venezuelan oil as Vitol and Trafigura. Following a U.S.-led military intervention in January 2026, these firms were granted exclusive licenses to market roughly…
AlessandroFebruary 12, 2026
Eni has marked several industrial milestones, including a major expansion of its liquefied natural gas (LNG) operations in Africa and a strategic shift toward sustainable biofuels in Europe.Major Projects &…
AlessandroFebruary 9, 2026
Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 46 (GL 46), which significantly eases sanctions on Venezuela's oil sector following a regime change in the…
AlessandroFebruary 3, 2026
Toatal officially signed the agreement extending its Waha Concessions in Libya until December 31, 2050, on 24 January 2026. Signed during the Libya Energy & Economy Summit in Tripoli, the…
AlessandroJanuary 31, 2026
Lukoil has signed a conditional agreement to sell most of its foreign assets to the American financial firm The Carlyle Group. The deal is not yet complete and is subject…
AlessandroJanuary 30, 2026
Hedge fund billionaire and major Trump donor Paul Singer is indeed being credited for a "prescient" move after his firm, Elliott Investment Management, secured a winning $5.9 billion bid for…
AlessandroJanuary 28, 2026