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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil&Gas Drilling
14-01-2025
BP Eyes First Gas Months Earlier With Subsea Ops Already Underway, as Valaris Rig Moves to Next Well
Valaris DS-12 drillshipUK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month. To this end, subsea commissioning operations are ongoing within the Egyptian Exclusive Economic Zone (EE
LNG
18-01-2025
Carnival’s LNG-Powered Cruise Ship Duo to Feature Silverstream’s ALS
The world’s largest cruise company Carnival Corporation & plc has commissioned the UK’s cleantech company Silverstream Technologies to install its air lubrication system (ALS) on another duo of Excel-class cruise ships powered by l
Crude Oil
18-01-2025
Valeura Posts Record Oil Production in Q4
Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.Valeura Energy Inc. has said its oil production average hit a record high in the fourth quarter of 2024, with oil sales surpassing production volumes.
Oil Price
14-01-2025
Azerbaijani Oil Price Surpasses $84
A barrel of Azeri Light crude rose by $2.67, or 3.51 %, reaching $84.53 on Tuesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April 21, 2020, while its highest price was $149.66 per barrel in July 2008.
Oil Refinery
18-01-2025
Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products
One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last November is ‘blending’, as many accused the state-owned company of not being tra
Oil Price
14-01-2025
Oil Hits Four-Month High in Boost for Budget
The price of Brent crude, Nigeria’s benchmark grade, extended gains for a third session on Monday, rising above $80 a barrel to its highest in more than four months, driven mainly by wider United States sanctions on Russian oil and their expecte
Oil Field
14-01-2025
Atlas Announces First Commercial Sand Delivery From Permian, Enhancing Oilfield Logistics
Atlas Energy Solutions Inc. today announced the first commercial delivery of sand off its Dune Express conveyor system in the Permian basin. The sand was originally produced and placed onto Atlas’ Dune Express at its Kermit facility and traveled
Natural Gas
14-01-2025
Geometric Power-NNPC Gas Supply Deal Improves Electricity Supply to Aba
The Southeastern Zone of the Electricity Consumers Association of Nigeria (ECAN) has lauded Aba Power for the radical improvement in recent times in electricity supply to the Aba Ring Fence, which comprises nine of the 17 local government areas (LGAs) in
Crude Oil
14-01-2025
China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field
The history of the Middle East since the 1990s has been in many aspects been defined by China’s need to secure sufficient energy to power its economic growth to rival the superpower status of the U.S., and Washington’s efforts to keep
Crude Oil
14-01-2025
Well Malfunction Causes Bowman County Spill
A malfunction in a well caused produced water and crude oil to spill in Bowman County.State regulators said about 235 barrels of produced water and 15 barrels of crude oil spilled about eight miles southeast of Marmarth.Denbury Onshore notified the state
Oil Pipeline
14-01-2025
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom
Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom.The company sees an opportunity to move several hundred thousand more barrels of oil a day
Natural Gas
13-01-2025
Milestone Achieved for UK’s Largest Planned Gas and Hydrogen Storage Hub
EnergyPathways' chief executive Ben Clube.AIM-listed EnergyPathways has achieved a major milestone for its Marram Energy Storage Hub (MESH) project, as the North Sea Transition Authority (NSTA) has approved the company’s licence operator
Oil & Gas Supply
13-01-2025
People Think They’ve Found the Culprit as UK Gas Storage Drops to ‘Concerningly Low’ Levels
Reminders that the Conservatives oversaw the closure of the Rough gas storage facility off the coast of East Yorkshire have been posted on social media in the wake of warnings from Centrica about concerningly low storage levels.On Friday (10/1), the netwo
Oil & Gas Supply
13-01-2025
Slovakia’s Gas Supplies to Be Partly Secured via Hungary
Slovak Prime Minister Robert Fico gave an interview to television channel TA3, in which he touched on the issue of gas transit. The non-renewal of Ukraine’s contract with Gazprom meant that from January 1 Russian gas supplies to Europe via Ukrai
Oil Refinery
13-01-2025
Serbia Ready to Buy Russian Stake in NIS Refiner
Serbia's president said the country has the money to pay for Gazprom's stake in the Balkan country's only refiner to preserve production amid new U.S. sanctions against Russia.Serbia can pay Gazprom Neft PJSC and Gazprom PJSC to ex
Crude Oil
13-01-2025
Norway Hits New Annual Gas Production Record
Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.Norway’s natural gas output set a new record in 2024 with 124 billion standard cubic
Oil & Gas Trade
13-01-2025
Azerbaijan to Resume Gas Export to Serbia Soon
Azerbaijan will resume export of gas to Serbia in the near future.Serbian President Aleksandar Vucic said at a press conference earlier that supplies of gas from Azerbaijan were halted due to issues at the Shah Deniz field."We received a notification
Crude Oil
13-01-2025
Kazakhstan Imposes Fine on Major Oil and Gas Company
One of Kazakhstan's largest oil and gas companies, Mangistaumunaigaz, has been fined 32 billion tenge ($60 million), Trend reports via the General Prosecutor's Office of the Mangystau region of Kazakhstan."Mangistaumunaigaz discharged
Oil&Gas Drilling
18-01-2025
Centre Allows Oil, Gas Exploration Near Assam’s Hollongapar Gibbon Sanctuary
A hoolock gibbon.The Standing Committee of the National Board for Wildlife has approved oil and gas exploratory drilling by Vedanta Group’s Cairn Oil and Gas in the eco-sensitive zone of the Hollongapar Gibbon Wildlife Sanctuary in Assam&rsq
Oil Price
13-01-2025
Price May Rise as Crude Hits $81 per Barrel
The prices of premium motor spirit and other petroleum refined products may rise in the coming days following the increase in the cost of crude oil prices, such as Brent.The price of Brent crude surged $81.09 per barrel as of the time of filing this repor
Oil&Gas Drilling
18-01-2025
TMK Doubles Gas Outflow by Adding Three New Mongolian Wells
TMK Energy’s Gurvantes XXXV project in Mongolia is flaring gas from six pilot production wells after adding three new wells and doubling field gas outflowTMK Energy’s Gurvantes XXXV coal seam gas project in Mongolia has all six of its
Oil & Gas Supply
13-01-2025
‘Significant Barriers’: ACCC Urges Australian Governments to Clear Hurdles to New Gas Projects and Investment
Australian Energy Producers chief executive, Samantha McCulloch.The Australian Competition and Consumer Commission (ACCC) has urged Commonwealth and state governments to reduce regulatory barriers to investment in new gas supply and explicitly recognise t
Crude Oil
13-01-2025
In Key Breakthrough, Nuprc Data Confirms Nigeria’s 1.5 Million Bpd OPEC Oil Output
Emmanuel Addeh in Abuja Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million barrels per day in December 2024, a major milestone in the country’s quest to raise
LNG
13-01-2025
CNPC Unit and Petrofac Among Winners of $2.1B Infrastructure Contracts for ADNOC’s Ruwais LNG
Rendering of the Ruwais LNG concept designThe contracts with a combined value of $2.1 billion encompass works on an LNG pre-conditioning plant (LPP), compression facilities, and transmission pipelines–described as key infrastructure by the UAE p
Oil & Gas Trade
13-01-2025
Chevron to Complete $53BN Hess Corp Acquisition
Chevron Corp is reportedly well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by a couple billion dollars, the company’s Chief Executive Officer Michael Wirth has announced.Chevron is looking
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
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Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
