Latest news and articles about oil industry from NEX English
ExxonMobil, one of the world's largest oil companies, has announced plans to relocate its headquarters from New Jersey to Texas. This decision comes as the company seeks to address investor pressures and enhance its competitive edge.
A major fire broke out in the Fujairah oil industry area following a drone attack late last night. The incident raised concerns about the safety of oil facilities in the region.
Mike Wirth, CEO of Chevron, stated that changes in Venezuela's oil policy represent a positive step towards attracting foreign investments. However, further actions are needed to strengthen this trend.
U.S. President Donald Trump announced the extension of the suspension of the Jones Act, aimed at enhancing oil flow within the United States. This decision is part of the administration's efforts to support the domestic oil industry and increase production amidst current economic challenges.
A fire broke out in the Fujairah oil industry area due to a drone attack, with no injuries reported. This incident raises concerns about the security of vital facilities in the region.
Recent reports indicate that Indonesia's oil and gas industry plays a vital role in enhancing local economic growth by increasing revenues and creating job opportunities. This was highlighted by Dr. Rento Budiantoro from Pertamina University.
Sources indicate that the Hadera Refinery, one of Israel's largest oil refineries, has undergone important operational changes reflecting new trends in the Israeli energy sector. These developments come at a time of significant transformations in the oil markets in the region.
Cnooc, a major player in the oil sector, has reported a significant decline in its profits for 2025 due to falling global oil prices. Despite an increase in production, the drop in prices has adversely affected the company's revenues.