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Vitol steps up Venezuela oil buying before U.S. license lapses

April 25, 2025
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.

Upstream M&A reached $17 billion in Q1 2025, Enverus says

April 25, 2025

Ecopetrol working to ensure continuation of offshore gas projects in Carribean

April 25, 2025

CHC, Court Helicopters partner to enhance offshore safety, transportation in Namibia

April 25, 2025

APA Corp., partners complete successful flow test for North Slope exploration well

April 25, 2025

American Association of Petroleum Geologists appoints new executive director

April 25, 2025

LUFKIN launches new well management solution to maximize production

April 25, 2025

Matador plans to cut drilling activity, drop one rig by mid-2025

April 24, 2025

Contract wins in Americas, Africa and Australia boost growth at subsea cutting specialist Decom Engineering

April 24, 2025

Colombia's GeoPark appoints Felipe Bayon as its new CEO

April 24, 2025

Crbon Labs plugs Canada's first orphan gas well, U.S. Venture acquires carbon credits

April 24, 2025

Namibia’s oil and gas success hinges on smart policy, partnerships, AEC says

April 24, 2025

Eni, UK government reach financial closure for Liverpool Bay CCS project

April 24, 2025

ExxonMobil, Calpine sign CCS agreement for power generation project

April 23, 2025

Last Mile Production achieves 300% production growth, 70% emissions reduction with Enovate AI

April 23, 2025

India accelerates energy push into Africa as global markets shift

April 23, 2025

OPEC+ tensions with Kazakhstan escalate, sending oil prices lower

April 23, 2025

HYCO1 to collaborate with Malaysia LNG on a 1 Mmtpa carbon capture project

April 23, 2025

Vantage Drilling secures $80 million contract for deepwater drillship

April 23, 2025

Oil prices may decline further as China's growth slows, IEA chief says

April 23, 2025
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