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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

LNG
24-12-2024

Qatar Threatens Europe With Termination of Liquefied Natural Gas Supplies
Qatar has threatened to cut off liquefied natural gas (LNG) supplies to Europe. This will happen if QatarEnergy faces a fine due to the EU Directive on corporate sustainability due diligence, says Qatar energy minister Saad al-Kaabi.If the case is that I
Oil Price
24-12-2024

Oil Gains as Cooling US Inflation Points to Possible Easing
Oil prices rose on Monday as lower-than-expected US inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.Brent crude futures rose 36 cents, or 0.5 per cent, to $73.30 a barrel by
Natural Gas
24-12-2024

Russia’s Daily Pipeline Gas Flows to China Set New Record
Russia’s daily natural-gas flows to China via the Power of Siberia link set a new record on Dec. 20, according to energy giant Gazprom PJSC.While the producer didn’t specify the absolute figure for the daily gas supplies to the Asian n
Crude Oil
24-12-2024

Iraq Halts Oil Exports to Syria Amid Regional Instability
Iraq has suspended crude oil exports to Syria, citing regional instability, in a move that threatens to deepen Syria's fuel crisis, Iraqi officials said on December 22.The decision to halt shipments of approximately 120,000 tonnes of crude per mon
Oil&Gas Drilling
23-12-2024

Aker BP Gets Green Light for Drilling Ops in Norwegian Sea
The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea.The permits are for wellbore 6306/6-3 S in production license 886, and 6507/5-13 S in production license 212.Aker BP operates the license 88
Oil&Gas Drilling
23-12-2024

Contract With ‘Prominent’ Oil & Gas Company Takes US Subsea Firm to West Africa
Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what it says is a prominent oil and gas company, for a project in West Africa.The scope of work inc
Crude Oil
23-12-2024

Venezuela Sends Crude to India in New Deal
A high-seas oil tango is back on between Venezuela's state oil company PDVSA and India’s Reliance Industries, rekindling a swap arrangement paused by U.S. sanctions. This revival, greenlit by a U.S. license in July, signals a cautious st
Oil Exploration
23-12-2024

Exploration Well Encounters 4 Oil Rich Reservoirs
Arrow Exploration Corp. (AXL:TSX.V; AXL:LSE) made a material discovery with its Alberta Llanos AB-1 exploration well on the Tapir block in Colombia's Llanos basin, reported Auctus Advisors Analyst Stephane Foucaud in a Dec. 17 research note. On th
Oil Exploration
23-12-2024

Pakistan Spent Rs. 430 Billion on Oil and Gas Exploration in Last 3 Years
The Senate Standing Committee on Petroleum, chaired by Senator Umar Farooq, held a meeting where petroleum officials provided a detailed briefing on oil and gas exploration activities, drilling operations, and associated costs over the past three years.Of
Crude Oil
23-12-2024

North Dakota Crude Output Cut by 520,000 B/D After October Wildfires
North Dakota, the third-largest producing state in the U.S., saw its crude production fall by 520,000 barrels per day in October after operators shut in wells to protect against wildfire damage. October production declined to 1.178 million barrels per day
Natural Gas
23-12-2024

OGDC Commences Production From Kunnar West Well-3
Oil and Gas Development Company (OGDC) on Thursday announced the start of production from its Kunnar West Well-3, situated in the Hyderabad district of Sindh.According to a company statement, the well was brought into production at a wellhead flowing pres
Oil Field
23-12-2024

Weather Issues Slowing North Sea Tyra II Gas Ramp-up
TotalEnergies has restored gas production from three of six fields tied back to the Tyra field center in the North Sea.TotalEnergies, on behalf of the Danish Underground Consortium, has restored gas production from three of six fields tied back to the Tyr
China
23-12-2024

India to Surpass China as Leading Contributor to Global Oil Consumption Growth in 2024, 2025
India has become the primary driver of growth in global oil consumption for 2024 and 2025, surpassing China, which consistently led global oil consumption growth from 1998 to 2023, according to the US Energy Information Administration (EIA).India has beco
Natural Gas
23-12-2024

US Natural Gas Prices Jump
US natural gas futures jumped about 5% to a 23-month high on Friday on early forecasts for much colder weather in mid-January that could freeze oil and gas wells and lift spot prices by reducing output as in past years.Also supporting prices was an increa
Natural Gas
20-12-2024

OGRA Approves Major Increase in Gas Prices Across Pakistan
The Oil and Gas Regulatory Authority (OGRA) has approved significant hikes in gas prices, affecting consumers nationwide, ARY News reported.According to reports, the decision, sent to the federal government for final approval, will see an average increase
Natural Gas
20-12-2024

Germany’s Natural Gas Consumption Rose by 3.3% in 2024
Germany’s natural gas demand rose by 3.3% in 2024, due to lower prices compared to last year, preliminary estimates by the association of the German utilities, BDEW, showed on Wednesday.Despite subdued economic growth, the German industry raised
Oil Price
20-12-2024

Qatar Raises Oil Price for February Loadings
QatarEnergy has reportedly raised the price of its al-Shaheen crude oil blend for February loadings, suggesting robust demand for the grade.Reuters cited unnamed sources familiar with the company’s pricing decisions as saying a barrel of al-Shah
Crude Oil
20-12-2024

Saudi Crude Oil Exports Jumped to Three-Month High in October
Saudi Arabia’s crude oil exports rose to a three-month high in October, the latest data from the Joint Organizations Data Initiative (JODI) showed on Wednesday.Saudi Arabia, the world’s largest crude oil exporter, shipped 5.92 million
Oil Price
22-12-2024

Oil Prices Mixed; Traders Digest Differing Central Bank Signals
Oil prices traded in a mixed fashion Thursday, with the WTI contract pressured by the strong dollar in the wake of the hawkish note emanating from the Federal Reserve while monetay policy easing in Europe supported Brent.At 09:00 ET (14:00 GMT), Brent oil
Oil&Gas Drilling
22-12-2024

Borr Drilling Selects Zentech for Engineering Support
Houston-headquartered engineering consulting, project and construction management and software development firm Zentech Incorporated (Zentech) has signed a Master Service Agreement for Engineering Services with Borr Drilling Limited, a premier offshore sh
Oil&Gas Drilling
22-12-2024

Salunda Installing Drillfloor Alerts Service on Transocean Rig
Salunda has won a contract to install its HaloGuard zone monitoring system on the Transocean Endurance semisubmersible drilling rig in Australia.Salunda has won a contract to install its HaloGuard zone monitoring system on the Transocean Endurance semisub
Oil&Gas Drilling
22-12-2024

Seadrill’s Drillship Picks up 1,095-Day Drilling Job Offshore Brazil
Bermuda-headquartered offshore drilling contractor Seadrill has won a multimillion-dollar assignment off the coast of Brazil for one of its drillships, which will work for the South American country’s state-owned energy giant Petrobras.Following
Crude Oil
22-12-2024

Hanwha Ocean’s Fixed Platfrom Achieves Early Oil Production
Hanwha Ocean, a shipbuilding unit of Korea’s Hanwha Group, announced Wednesday that its offshore oil platform began to produce crude oil two weeks before the expected date in Qatar.The fixed platform first saw oil spring out on Sunday in the Al-
Oil&Gas Drilling
21-12-2024

Helix Vessel Getting Ready for Brazilian Decom Job With Shell at Namibia’s Port
U.S.-headquartered offshore energy services provider Helix Energy Solutions has confirmed the arrival of its purpose-built DP3 semi-submersible vessel to Namibia’s Port of Walvis Bay to prepare for its decommissioning assignment off the coast of
Natural Gas
21-12-2024

NUPRC to Launch New Oil Licensing Round in 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to hold another oil licensing bid round in 2025.NUPRC Chief Executive Officer Gbenga Komolafe made this known at the 2024 Licensing Round Commercial Bid Conference in Lagos

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