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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Price
11-01-2025
Canadian Oil Stocks Rise on Trudeau Resignation
Canadian oil and gas stocks climbed Monday on the news of Prime Minister Justin Trudeau’s resignation, but analysts say the country’s fossil fuel sector will still be challenged by uncertainty in the months to come.As news of the Prime
Oil Price
07-01-2025
Azerbaijani Oil Prices Increase
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta rose by $0.48 on January 6 compared to the previous rate, reaching $79.48 per barrel, Trend reports, citing a source in the country's oil and g
Oil Price
07-01-2025
Oil Prices Extend Losses, Firmer Dollar and Supply Outlook Weigh
Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022.Oil prices extended losses into a second straight session on Tuesday on technical correction after last
Oil & Gas Trade
07-01-2025
Slovakia Says Gas Supply Meeting with Ukraine, European Commission Cancelled
Slovak Prime Minister Robert Fico attends a meeting with Russian President Vladimir Putin in Moscow, Russia December 22, 2024.A meeting between Slovak, Ukrainian and European Commission officials over gas supplies planned for Tuesday has been cancelled be
Oil Pipeline
07-01-2025
Alberta Looks to Spur New Pipelines by Guaranteeing Barrels
Alberta’s government plans to directly dedicate barrels of oil for new pipeline projects in a bid to accelerate the expansion of production in the western Canadian province.To support the construction of new pipelines, the province may dedicate
Oil & Gas Trade
07-01-2025
US Gulf Coast Fuel Oil Imports Hit Record Low as Latam Deliveries Slow
A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from shi
Oil Price
07-01-2025
Oil Prices Ease as Weak Economic Data Offsets Higher US Winter Storm Heating Demand
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish support from a weaker U.S. dollar and forecas
Natural Gas
07-01-2025
Canada’s Suncor Says Oil and Gas Production Rose in Fourth Quarter
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019.Canadian oil and gas company Suncor (SU.TO), opens new tab said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary
LNG
07-01-2025
LNG Power Projects Face Multiple Hurdles
A LNG power facility in the central province of Nghệ AnHÀ NỘI — LNG power projects in Việt Nam are currently grappling with many obstacles, ranging from bureaucratic delays to issues with power purchase agreements (PPAs), leading to significant
Natural Gas
07-01-2025
US Natural Gas Prices Jump 9PC as Winter Storms Boost Heating Demand
US natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze. So far, those storms have knocked out power to more than
Oil Pipeline
07-01-2025
Phillips 66 Buys EPIC’s Permian NGI Midstream Assets for $2.2b
EPIC NGL is a fully integrated NGL system that connects gas processing plants in the Permian Basin and the Eagle Ford to EPIC’s fractionation complex in Robstown, Texas. It delivers purity products to refiners, petrochemical companies and export
Natural Gas
07-01-2025
Ukraine Is Increasing Gas Production for the Second Year in a Row.
According to industry experts, in 2024 Ukraine increased gas production by 2.2% – to 19.12 billion cubic meters. The production growth rate in 2024 was higher than in 2023 when production increased by 0.9%. In addition, this is the highest growt
Oil Pipeline
06-01-2025
Azerbaijani Gas Transport via Tanap Hits Over 73 Billion Cubic Meters by 2024 Year-End
As of December 31, 2024, the total volume of Azerbaijani gas transported via the Trans-Anatolian Natural Gas Pipeline (TANAP) to Türkiye and Europe reached 73.54 billion cubic meters, CEO of SOCAR Türkiye Elchin Ibadov said.Ibadov provid
Oil Field
11-01-2025
CNOOC Starts Production in Panyu Oilfield Project in South China Sea
CNOOC expects the project to reach about 13,600 boed in peak production this year.CNOOC Ltd. has put onstream the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Development Project in the South China Sea, its first startup announcement in 2025.The state-
Oil & Gas Trade
11-01-2025
Iran, Russia May Sign Transport and Gas Cooperation Agreement - Ambassador
An agreement on transport and gas cooperation between Iran and Russia may be signed during the visit of Iranian President Masoud Pezeshkian to Russia on January 17, the Iranian ambassador to Russia Kazem Jalali said in an interview with Iranian media, Tre
Oil&Gas Drilling
06-01-2025
SOCAR Enhances Safety Measures Amid Unstable Weather Conditions
Due to the sharp changes in weather conditions, including windy and unstable weather across the country, the "Azneft" Production Association of the State Oil Company of Azerbaijan (SOCAR) has strengthened safety measures at its production sites.
Oil & Gas Trade
11-01-2025
Nigeria Imports 31.8m Litres of Petrol Daily to Bridge Local Refining Shortfall
Nigeria is currently importing about 79.5 per cent or 31.8 million litres of Premium Motor Spirit (PMS), popularly called petrol to bridge local refining shortfall, Daily Sun investigation has revealed.According to truck out data from the Nigerian Midstre
Oil Refinery
06-01-2025
BUA’s 200,000bpd Oil Refinery Progressing, Not 90% Completed Yet
Emmanuel Addeh in Abuja BUA group yesterday clarified that although its 200,000 barrels per day crude oil refinery located in Akwa Ibom, South-south Nigeria, was progressing and would be delivered on schedule, it was not yet 90 per cent completed as erron
Natural Gas
06-01-2025
KUFPEC Deal to Ensure Energy Security
Petroleum Exploration (Pvt) Limited (PEL) has acquired key energy assets from Kuwait Foreign Petroleum Exploration Company (Kufpec).This strategic move not only solidifies PEL's position in the energy sector but also strengthens the country
Oil & Gas Trade
06-01-2025
Iraq Surpasses Saudi Arabia in Weekly Oil Exports to US
Oil tankers dock at a floating platform, offshore from the southern Iraqi port cityThe US Energy Information Administration (EIA) announced on Saturday that Iraq was the second-largest oil exporter to the United States during the past week, surpassing Sau
Oil Refinery
11-01-2025
Oil Marketers Want FG to Privatise Kaduna, Warri Refineries
Oil marketers, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatise state-owned refineries, foster competition, improve transparency and accountability.They also u
Natural Gas
03-01-2025
Fixing Iran’s Gas Shortages Needs $45 Billion, Says Oil Minister
Iran needs $45 billion in investment to resolve its chronic winter energy deficit and worsening air pollution, the country's Oil Minister Mohsen Paknejad said on Wednesday.The funds are crucial to boost gas production to meet targets set by Iran&a
Oil&Gas Drilling
03-01-2025
Noble Rig Lines up New Drilling Gig Offshore Australia
U.S. offshore drilling contractor Noble Corporation has landed a new assignment for one of its semi-submersible rigs with an undisclosed firm off the coast of Australia.While disclosing a new assignment for its Ocean Apex semi-submersible rig, Noble expla
Oil Refinery
03-01-2025
New Refineries: NNPCL May Cut Crude Supply to Dangote Plant
The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, except if there is a surge in Nigeria’s oil output, The PUNCH gathered on Wednesday.This r
Crude Oil
05-01-2025
Nigerian Govt Targets 3M Bpd Oil Production by 2025 – Lokpobiri
The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day, bpd, in crude oil production by 2025.Nigeria’s current output stands at approximately 1.8 million bpd, a signifi
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Most views from Oil & Gas
1
Turkmenistan Expands Oil Production at Uzynada Field
2
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
3
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
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Gastech 2023 - Shaping the future of energy
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UK Eases North Sea Oil and Gas Licensing for Existing Fields
