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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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
Natural Gas
05-01-2025
Senegal, Mauritania Take Step Towards Shared Gas Production
Senegal and Mauritania said Wednesday they had moved a step closer towards producing gas after opening the first well at a field off their maritime border.The two countries share the Greater Tortue Ahmeyim (GTA) offshore natural gas field.It was jointly d
Natural Gas
05-01-2025
Prioritising Imported RLNG to Domestic Gas Harms Energy Sector
Pakistan’s energy sector is grappling with escalating financial issues, primarily driven by the forced suspension of domestic natural gas production. Currently, energy sector (power and gas) circular debt stood at over Rs 5.5 trillion despite go
Oil&Gas Drilling
04-01-2025
Greening Offshore Drilling: Rigs Powered by Alternative Fuels in Pursuit of Low-Emission Era
As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on die
Oil&Gas Drilling
03-01-2025
Repsol Resumes Exploration Drilling in Libya After a 10-Year Hiatus
Libya’s state National Oil Corporation (NOC) reported yesterday (31 December 2024) that Spanish oil company Repsol has resumed exploration activity in the Murzuq Basin after a hiatus of more than a decade – starting in 2014.Th
Natural Gas
04-01-2025
Nortrans Offshore Wins Flotel Work on Romanian Gas Project
Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem for one of its maintenance and support vessels.The 2015-built flotel Temis will work on the Neptun Deep gas development project in
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Most views from Oil & Gas
1
BP and Corteva Establish Biofuel Feedstock Joint Venture to Advance Sustainable Energy Development
2
Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions
3
Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
5
Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities
6
Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply