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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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
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
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Most views from Oil & Gas
1
BPCL Secures Land for $11 Billion Refinery Project in Southern India
2
EIA Expects USA Gasoline Price to Drop In 2025 and 2026
3
India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
4
Russia’s Gazprom Supplied 38 Bcm of Gas to China via Power of Siberia Pipeline in 2025
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Norway offers up to 70 new oil and gas drilling permits
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Gunvor signs long-term LNG supply deal with Delfin Midstream
