Venezuela’s oil output could climb back above 1 million bpd by mid-2026 as U.S. license expansions allow more crude exports and ease sanctions pressure, according to the EIA.
Egypt is pressing international oil companies to sharply increase gas production by 2030, signaling potential contract revisions as domestic prices lag imported supply costs and pipeline flows into the country rise.
DNO is weighing whether to join an agreement that would reopen pipeline exports of Kurdistan crude to Turkey, a move that could lift realized prices after years of local sales following a prolonged shutdown.
A single Pemex contract is now at the center of a fast-changing Cuba supply picture—just as Washington signals possible penalties and Mexico tightens its export posture.
Phillips 66 posted a fourth-quarter profit beat as U.S. refining margins rebounded from multi-year lows, lifting earnings after a challenging year for refiners.
The U.S. Transportation Department has approved Sentinel Midstream’s Texas GulfLink deepwater oil export port off the Texas coast, clearing the way for expanded crude exports using fully loaded supertankers.
Phillips 66 says it can process about 250,000 barrels per day of Venezuelan crude at its Gulf Coast refineries, as pricing dynamics and renewed trade flows influence U.S. heavy crude sourcing.
Trinidad and Tobago is in talks with Indian Oil Corp. to revive its long-idled Guaracara refinery, a move that could restore domestic refining capacity and reshape the country’s downstream strategy.
EIG Global Energy is exploring a new fund structure to extend its ownership of Saudi Aramco’s oil pipeline assets, signaling continued investor interest in long-term Gulf pipeline infrastructure.
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.
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