Search

Transportation Construction and materials Chemical industry Agricultural engineering Information and Communication Exhibition & Forum Belt and Road

Français Русский Español العربية Português Deutsch

Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
27-12-2024

RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON95 petrol remains at RM2.05 per litre, with diesel prices unchanged at RM2.95 per litre in Penin
Oil Exploration
27-12-2024

Onshore Petroleum Auction Set to Be Held
Authorities are calling for bids for onshore petroleum exploration and production in nine areas in the Northeast and central region for the first time in 17 years to increase domestic petroleum supply.This Round 25 auction is expected to lead to long-term
Natural Gas
27-12-2024

KazMunayGas and CNOOC Joining Forces to Dig Deeper Into Geological Exploration
KazMunayGas and CNOOC are expanding their cooperation in geological exploration, discussing key aspects of bilateral collaboration, including the joint implementation of the "Zhylyoi" project, Trend reports.A meeting took place between Chairman
Natural Gas
29-12-2024

Gas Exploration Firm’s Licence Extended Again
A company looking to extract gas from Manx territorial waters has had its exploration licence extended once more.A two-month extension has been granted to Crogga Limited's Seaward Production Innovative Licence, which it first obtained in 2018.The
Natural Gas
29-12-2024

Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next year, which is set at RUB 1.52 trillion (almost $15.22 billion), a drop of about 7% comp
Russian
29-12-2024

Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea coast stall.The spill occurred on Dec. 15 after two Russian-flagged oil tankers were damaged
Natural Gas
29-12-2024

US Natgas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
US natural gas futures hit a 23-month high on Tuesday in thin pre-holiday trading, supported by an increase in the amount of gas flowing to liquefied natural gas export plants, and forecasts for more cold weather in January than previously expected.Front-
Oil Shale
29-12-2024

Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Agency, a partner of TV BRICS.For the first time in Iran, the team successfully utilised toxic co
LNG
28-12-2024

Golar LNG Buys Remaining Stake in Flng Unit for $90M
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch.The acquisitions comprise all third-party interests in the asset, including 5.45% common u
Natural Gas
28-12-2024

Santos’ Hook-up of New Well to Existing Gas Hub Offshore Australia Gets the All-Clear
Australian energy player Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable it to bring online a new well off the coast of Australia to bolster gas production from exi
Russian
28-12-2024

Global Oil Demand to Gain 1-1.5 Mbd in 2025
Russia expects growth of global oil demand in 2025 to reach from 1 mln barrels per day (mbd) to 1.5 mbd, Deputy Prime Minister Alexander Novak said in an interview with the Rossiya-24 TV channel."Overall we expect this year’s demand on glob
Crude Oil
28-12-2024

Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Economic expert Nabil Al-Marsoumi revealed on Monday that the Iraqi judiciary denied the Iraqi Minis
Oil Exploration
26-12-2024

ACREP to Start Exploration in Angola’s Cabinda Norte Block In 2025
Angolan upstream firm ACREP plans to begin oil exploration in the onshore Cabinda Norte Block in Angola in 2025. The aim is to identify and unlock the economic viability of the block.ACREP will conduct feasibility studies to evaluate the potential product
Oil Exploration
26-12-2024

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit off Colombia
Colombia's national environmental licensing agency (ANLA) on Friday said it has awarded an environmental license to Anadarko Colombia Company, a subsidiary of Occidental Petroleum, to carry out oil and gas exploration in the country's Cari
Oil&Gas Drilling
26-12-2024

Vår Energi Granted License to Drill North Sea Exploration Well
Vår Energi ASA has been granted a permit by the Norwegian Offshore Directorate to drill in the North Sea.Exploration well 7/1-3 will be drilled in production license 1090 in January 2025 utilizing the COSLPioneer semisubmersible drilling rig.Vå
Natural Gas
26-12-2024

Kuwait’s Petroleum Exploration Firm Begins Withdrawal From Pakistan
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has begun its exit from Pakistan’s oil and gas sector, citing extensive circular debt and prolonged policy delays by the government.The News International reported, quoting official sources f
Iran
26-12-2024

Iran Set to Slash Fuel Subsidies in Sensitive Move
Iran is due to ease fuel price subsidies, according to documents reviewed by Iran International, in a politically sensitive move likely approved by the country's top leadership which is due to deepen economic pain.Costs of living are soaring in Ir
Oil Price
26-12-2024

Oil Prices up in Thin Pre-christmas Trade
Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S. economic data and rising oil demand in India, the world's third-largest oil importer.Brent crude futures were up 33 cents, or 0.45%, to $
India
26-12-2024

Oil India to Launch Subsidiary for Green Energy Ventures
Oil India Ltd. (OIL) has announced plans to establish a wholly-owned subsidiary, OIL Green Energy, to oversee its green and alternative energy ventures. The state-run Maharatna company aims to invest ₹25,000 crore in these initiatives by 2040 as part of i
Oil&Gas Drilling
26-12-2024

UAE’s Adnoc Boosts Drilling Capabilities With 2 New Jack-up Rigs
The Abu Dhabi National Oil Co. has received two new jack-up rigs, reinforcing its position as one of the largest drillship fleet owners globally.ADNOC Drilling will launch the new rigs by the first quarter of next year, expanding its fleet to 142 platform
Oil&Gas Drilling
26-12-2024

Vermilion Energy Announces $1B Deal to Buy Westbrick, Bolstering Scale in Deep Basin
Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion.The Calgary-based company says the transaction marks a significant step forward in increasing operational scale in Alberta’s
Oil&Gas Drilling
26-12-2024

Zephyr Energy Secured a Rig for Drilling Operations at Paradox, Scheduled to Commence in January.
Zephyr Energy plc (AIM: ZPHR), a Rocky Mountain-based oil and gas company committed to responsible resource development and carbon-neutral operations, has provided an update on its flagship Paradox project located in the Paradox Basin, Utah, USA. The comp
Oil&Gas Drilling
26-12-2024

Equinor Comes up Dry Offshore Norway
Equinor and its partners have drilled two wells in the North Sea, both of which were proven dry.The wildcat wells Kvernbit and Mimung (35/10-14 A and 35/10-14 S) are the first to be drilled in production license 1185, which was awarded in 2023.Equinor is
Oil&Gas Drilling
26-12-2024

Dolphin Drilling Emerges as Winner in Arbitration Saga Over Rig Termination Deal
Norway-headquartered offshore drilling contractor Dolphin Drilling has disclosed a positive outcome of arbitration proceedings with Lagos-based General Hydrocarbons Limited (GHL), which has been made in the Norwegian player’s favor. This arbitra
Oil Field
25-12-2024

Iraq’s Artawi Oil Field Gets Ready for a Massive Boom
A gas processing facility in Artawi, near Iraq’s southern port city of Basra. Photo: AFP/Hussein FalehBaghdad (IraqiNews.com) – The Artawi oil field in southern Iraq, which has estimated reserves of 2.4 billion barrels of oil, is expec

7216 Items PREV 1.. 27 28 29 30 31 32 33 34 35 ..289 NEXT

Most views from Oil & Gas

Turkmenistan Expands Oil Production at Uzynada Field

Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Gastech 2023 - Shaping the future of energy

UK Eases North Sea Oil and Gas Licensing for Existing Fields