Bloomberg) — The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni...
Author: Energy Crossroad (Energy Crossroad)
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Aker BP makes ‘significant’ oil discovery in Norwegian North Sea
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).Omega Alfa is among the largest commercial discoveries in Norway in a decade. Building...
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South Korea seeks to revise nuclear energy pact with US, eyeing enrichment and reprocessing
Diplomatic sources said that discussions are underway on nuclear energy cooperation between the two countries, and that it may be discussed at next week’s summit. could resolve the issues it faces by actively participating in the US’ efforts and supporting its attempts to revitalize its nuclear energy industry,” Jun said. Given that the agreement is...
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Schneider Electric launches Pro Retailer programme to expand reach in East Africa market.
Schneider Electric, the leader in the digital transformation of energy management and automation, has unveiled its new distribution channel initiative designed to extend its market reach and optimise inventory movement across East Africa. Under the Pro Retailer programme, accredited resellers of low-voltage (LV) products in selected regions across the country have been appointed to promote,...
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Norway oil output hits 10-year high from new Equinor field
Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor’s new Johan Castberg field in the Barents Sea. The country’s output rose 17% from June to 1.96 million barrels a day, the Norwegian Offshore Directorate said in a statement Wednesday. That was the highest in data...
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BP’s Whiting Refinery Restarting After Flood Damage in 2025
How Is BP’s Whiting Refinery Recovering After Flood Damage? BP’s Whiting refinery, a crucial fuel supplier for the Midwest region, is steadily recovering after significant flooding temporarily halted operations. According to recent updates from OilPrice.com, the restart process is already underway with full operational capacity expected to resume next week, marking an important development for...
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Kazakhstan to pursue Eni-Shell consortium for multibillion dollar fine.
Authorities insist the North Caspian Operating Company breached Kazakh environmental regulations in 2022. Reports say authorities in Kazakhstan are preparing to resume efforts to impose a multibillion dollar fine on the Eni and Shell-led operator of the country’s second largest oilfield, Kashagan, after a local court annulled an original decision to penalise the company. Kazakhstan...
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Why Cape Town Faces Long Planned Power Outages And How Residents Can Prepare
Cape Town and other South African cities frequently experience planned power outages lasting several hours, often stretching to 8–10 hours, as municipalities conduct critical infrastructure maintenance. While these interruptions can be frustrating, they play a vital role in safeguarding the stability of the local grid and preventing larger unplanned blackouts. Planned outages differ fundamentally from...
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Ukrainian Drones Hit Another Russian Oil Refinery
A Lukoil refinery in the Russian city of Volgograd is on fire after being hit by Ukrainian drones overnight, Andrey Bocharov, governor of the Volgograd region, said on Tuesday. The Volgograd refinery is Lukoil’s second-biggest crude processing facility in Russia and a key fuel supplier to the southern federal district in the country.Russia has said...
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Karpowership and Seatrium unveil LNGTS Americas
Karpowership and Seatrium launch LNGTS Americas and sign LoI for Next-Gen floating power projects. Karpowership and Seatrium, while strengthening their strategic partnership with next-generation Powership and LNG Terminal Ship (LNGTS) conversions, also celebrated the naming of Karadeniz LNGTS Americas, the fifth member of Karpowership’s LNGTS fleet. Karadeniz LNGTS Americas will join the growing fleet of...