Oil Giant Chevron Plans to Lay off 20% of Workers in Cost-Cutting Push
Chevron employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employees Wedoany.com Report-Feb 13, Chevron plans to cut its global workforce by 15 per cen...
Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises
An Exxon gas station seen in Washington, U.S., November 26, 2024. Wedoany.com Report-Feb 13, A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for its eighth pr...
East Baghdad Oil Field Reserves Rise to 15 Billion Barrels
Workers adjusting valves in an oil facility in Iraq. Wedoany.com Report-Feb 12, The East Baghdad field, one of the most important oil fields in Iraq, recently had a massive find that increased its re...
Aramco’s Motiva Expands Texas Refinery to Become Largest in US
Wedoany.com Report-Feb 12, Motiva Enterprises has quietly expanded its Port Arthur, Texas, refinery to become the largest fuelmaking plant in the US. The refinery can now process as much as 654,000 ba...
China National Petroleum Resumes Crude Production in South Sudan
Wedoany.com Report-Feb 12, Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said. The company, o...
Libya’s NOC Unveils Self-Reliance
Strategic shift focuses on homegrown technologies Wedoany.com Report-Feb 12, The National Oil Corporation (NOC) unveiled its 2025 strategic plan on Wednesday, prioritising increased oil production and...
Oil Prices Climb to 2-Week High on Supply Worries, US Tariffs Check Gains
A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. Wedoany.com Report-Feb 12, Oil prices edged up to a two-week high on Tuesday as sanctions raised concerns...
US Gulf Refiners Paying Premium Prices for Trinidad’s Molo Crude
Wedoany.com Report-Feb 12, Some U.S. Gulf Coast refiners have recently paid prices over the Brentcrude benchmark for Trinidad and Tobagos Molo heavy sour crude, the CEO of the countrys state-owned oil...
New U.S. Metals Tariffs to Drive up Oilfield Equipment Costs, Championx Exec Says
Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. Wedoany.com Report-Feb 12, ChampionX (CHX.O), expects new U.S. import tariffs on steel and aluminium to drive up equipment co...
Petro-Victory, ATO to Acquire 13 Oil Fields in Brazil’s Prolific Potiguar Basin
Wedoany.com Report-Feb 11, Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Bas...