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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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 Price
03-01-2025
Oil Prices Post 3% Annual Decline
Oil prices fell around 3 percent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and the US and other non-OPEC producers pumped more crude into a well-supplied global market.Br
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
Natural Gas
04-01-2025
Iran to Commission New Well at Joint Gas Field With Qatar
The first domestic well (infill) in the South Pars gas field (North Dome in Qatar), Iran's joint gas field with Qatar, will be put into operation in a month, Executive Director of Iran's Pars Oil and Gas Company Turaj Dehgani told reporter
Natural Gas
03-01-2025
Starved of Russian Gas, Industry Shuts Down in Breakaway Moldovan Region
The coat of arms of Transdniestria is depicted on a banner in central Tiraspol, in Moldova's breakaway region of Transdniestria May 5, 2022.The cut-off of Russian gas supplies to Moldova's breakaway Transdniestria region has forced the clo
Oil Price
03-01-2025
Brazil’s Petrobras Raises Jet Fuel Prices by Around 7% in Key Markets
The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019.SAO PAULO, Brazilian state-run oil firm Petrobras (PETR4.SA),hiked jet fuel prices for distributors starting on Jan. 1 by a
Oil Pipeline
02-01-2025
Iraqi Cabinet Approves $4.6 Billion Basrah-Haditha Oil Pipeline Project
The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister's office said on Monday.The pipeline will cost about 5.97 trillion Iraqi dinars ($4.56 billion), the statement said.Iraq's
Natural Gas
02-01-2025
Subsea7 Expands Its Scope for Giant Black Sea Gas Project With IRM Services
Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for Türkiye’s largest natural gas field.The contract for the Sakarya gas field develo
Oil Field
02-01-2025
Brava Energia Restarts Production at Papa-Terra Field
Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.During the production shutdown, significant progress was made in the maintenance and integrity re
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
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Baker Hughes to Supply Tech for Offshore LNG Project in Texas
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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
