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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
02-01-2025
Noble Rig Scores Multi-Well Drilling Gig Offshore Suriname
U.S. offshore drilling contractor Noble Corporation has got a new drilling assignment off the coast of Suriname, which will be conducted by its 2009-built semi-submersible rig, currently stationed in Trinidad and Tobago.Thanks to a deal with Petronas Suri
Crude Oil
02-01-2025
Oil up Over Strong Economic Data From China, Weakening Us Dollar
Chinese authorities approve record fiscal stimulus package of 3 trillion yuan to boost economy, contributing to market optimism over future oil demandOil prices continued to rise on Tuesday, buoyed by strong economic data from China and a weakening US dol
Oil Exploration
02-01-2025
Fresh Oil & Gas-Condensate Discovery Comes to Light in Namibia
Portugal’s oil and gas company Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia. This has put a Saipem-ow
Oil and Gas Equipment
02-01-2025
FPSO Atlanta to Start Production off Brazil in Coming Days
Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start production from Atlanta floating, production storage, and offloading (FPSO) unit offshore Brazil.Brav
Oil Price
02-01-2025
South Africa’s Petrol, Diesel Pump Prices to Rise in January
South Africa's government said that the petrol pump price would increase by up to 19 cents a litre and the diesel price would rise by up to 10.50 cents a litre from January 1.South Africa's fuel prices are adjusted monthly due to factors including
Oil&Gas Drilling
02-01-2025
PV Drilling Eyes Southeast Asian Oil and Gas Drilling Market
Petrovietnam Drilling and Well Service Corporation (HOSE: PVD) successfully exceeded its 2024 business targets, with all financial indicators significantly surpassing projections.In 2025, PV Drilling will continue another ambitious journey to expand its o
Natural Gas
02-01-2025
Galp Finds Oil and Gas Condensate Offshore Namibia
Galp, together with its partners NAMCOR and Custos, has found more light oil and gas condensate in a well at PEL83 license offshore Namibia.The partners drilled and logged the Mopane-2A well (well #4) in PEL83, which was spudded on December 2, 2024, using
Canada
02-01-2025
Coelacanth Energy Eyes Tenfold Increase in Oil Production in 2025
"We believe we're going to be able to create significant value over the next three to five years," said Rob Zakresky, president and CEO of Coelacanth Energy.Canadian oil and natural gas exploration and development company Coelacanth Ener
Oil Price
02-01-2025
UAE Petrol, Diesel Prices Remain Unchanged for January 2025
This stability follows months of declining fuel prices in 2024, with Super 98 petrol dropping from a high of Dh3.34 in May to the current rate of Dh2.61Petrol and diesel prices in the UAE for January 2025 will hold steady, the country’s fuel pri
Natural Gas
03-01-2025
Saipem’s Castorone en Route to Türkiye’s Largest Natural Gas Field for Pipeline Installation
Saipem’s pipelay vessel Castorone is on its way to the Black Sea where it will perform offshore pipeline installation for the second phase of Türkiye’s largest natural gas field.Source: SaipemOn its way to the Sakarya project,
Oil Price
31-12-2024
Oil Inches Lower in Thin Trade, Investors Eye China, US Data
Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to assess growth in the world's two largest oil consumers.Brent crude futures fell 6 cents
Oil&Gas Drilling
31-12-2024
Very Few Changes in Drilling Activity of Oil/Gas Plays
The one oil play across the US with a gain in drilling activity in the past week was the Williston Basin, according to the most recent rig report from Baker Hughes Co.Located mostly in North Dakota but stretching into South Dakota, Montana and Canada, the
United States
03-01-2025
New York Fires $75 Billion Shot for Big Oil to Foot the Landmark Climate‘Superfund’ Bill
As the climate crisis continues to wreak havoc across the globe, New York has taken decisive action to hold fossil fuel players accountable for their pollution effects by establishing a new climate fund, described as landmark legislation to strengthen the
Crude Oil
31-12-2024
Chinese Energy Giant Exceeds 20 Mln Tonnes of Oil, Gas Output in 2024
Shaanxi Yanchang Petroleum (Group) Co. (YCPC) in northwest China has achieved a major milestone in the country's energy sector, shattering its own production records by surpassing 20 million tonnes in crude oil and natural gas production.YCPC, one
Libya
31-12-2024
Libya’s Oil Production Surpasses Annual Target
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication
Oil Exploration
31-12-2024
Kharabsheh Follows up on Achievements of Petroleum Exploration Projects
The Minister of Energy and Mineral Resources, Saleh Kharabsheh, reviewed the progress of priority initiatives outlined in the Economic Modernization Vision (2023–2025) for the energy and mining sectors.The updates included advancements in petrol
Natural Gas
02-01-2025
Sherburn-In-Elmet Agricultural Green Gas Plans Submitted
ENGIE has submitted plans to North Yorkshire Council to develop an agricultural anaerobic digestion (AD) facility to the east of the A162, Bond Ings, Sherburn-in-Elmet, following a consultation with the local community and stakeholders this autumn.The fac
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 Refinery
31-12-2024
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
The reported drop in production at Russian refineries to a 12-year low highlights the significant impact of external factors, such as Ukrainian drone attacks, on critical infrastructure. With oil refining levels projected to fall to 266.9 million tons by
Oil Exploration
31-12-2024
Afghanistan Receives Oil Extraction Equipment for Amu Darya Basin
The spokesperson stated that exploration and extraction work is currently underway on some oil wells in the area, with the work on some of them already completed.Homayoun Afghan emphasized that Afghanistan has the capacity to process the extracted oil dom
Iran
31-12-2024
Iran Increases Oil Production by 250,000 B/D
Iran is increasing oil production by additional 250,000 b/d, ABC.AZ informs, quoting Iranian Oil Minister Mohsen Paknejad.At the end of November, Hamid Bovard, executive director of the National Iranian Oil Company (NIOC), noted that within 100 days, star
Natural Gas
31-12-2024
Upstream Oil, Gas Sector Key to Indonesia’s Energy Self-Sufficiency
The upstream oil and gas sector is key to accelerating the achievement of Indonesia's energy self-sufficiency target, according to Energy and Mineral Resources Minister Bahlil Lahadalia.He noted that energy self-sufficiency requires a sustained an
Natural Gas
31-12-2024
Russia Ready to Export Gas to EU via Routes Bypassing Ukraine, Official Claims
Russia is ready to supply natural gas to Europe through alternative routes bypassing Ukraine, Russian Deputy Prime Minister Alexander Novak claimed on Dec. 25 on Russian state-controlled television.The declaration comes after President Volodymyr Zelensky
Natural Gas
31-12-2024
Iraq Still Negotiating With Mediator to Ensure Turkmen Gas Delivery
In light of the electricity crisis facing the country due to the recent reduction in Iranian gas supplies, Iraq revealed on Sunday the latest developments related to its gas deal with Turkmenistan, which it has been pursuing for almost a year.The Iraqi Mi
India
31-12-2024
Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25
The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Department of Customs, the country has imported petroleum products worth Rs. 101.38 billion by mid-D
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Most views from Oil & Gas
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
2
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
