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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

Natural Gas
13-12-2024

OGDCL-Led Consortium Wins Bid for 49% Stake in Miran Block
Oil and Gas Development Company Limited (OGDCL), along with its consortium partners Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL), has successfully secured a 49% working interest in the Miran Block.The E&P giant sha
Oil Field
13-12-2024

Equinor Exits Nigeria, Completes $1.2bn Asset Sale to Chappal Energies
Equinor (EQNR.OL) has officially announced its exit from Nigeria after three decades of operations, concluding the sale of its assets to Chappal Energies for $1.2 billion. The transaction includes a 20.21 per cent stake in the Agbami oil field, operated b
Crude Oil
13-12-2024

Indonesia’s Pertamina Has Signed Oil Block Contract -Regulator
Indonesian state energy firm PT Pertamina has signed a production sharing contract with the government for the country's second-largest crude producing field, said the head of the nation's upstream oil and gas regulator.Indonesia announced
Oil&Gas Drilling
12-12-2024

Bauchi Restates Support for Oil Exploration
The Bauchi State Government has reaffirmed its commitment to supporting the actualisation of crude oil exploration at the Kolmani Oil Field, pledging to provide the necessary support for the project’s success.Deputy Governor of Bauchi State, Auw
Natural Gas
12-12-2024

Partners in Norwegian Sea Gas Discovery Mulling Over Tie-Back to Existing Infrastructure
Harbour Energy, former Wintershall Dea, has undertaken appraisal activities with one of Transocean’s rigs at a gas discovery in the Norwegian Sea, 270 kilometers north of Kristiansund, off the coast of Norway.According to the Norwegian Offshore
Oil Price
12-12-2024

US Agency Expects Oil Production to Grow in 2025 Despite Opec+ Decision
The US Energy Information Administration (EIA) expects global oil production to increase next year, with the bulk coming from countries outside the Opec+ group.Last week, Opec+ announced it would delay oil production increases by three months until April
Oil Field
12-12-2024

North Sea Harald East Well Starts Production
TotalEnergies has brought onstream the Harald East Middle Jurassic well in the Danish North Sea.TotalEnergies has brought onstream the Harald East Middle Jurassic well in the Danish North Sea.According to partner Blue Nord, this should extend plateau prod
Natural Gas
12-12-2024

Oil Ministry to Sign Gas Output Expansion Contracts by Year-End
Speaking on the sidelines of the Gas Exporting Countries Forum (GECF) Ministerial Meeting, Paknejad told reporters that the agreements will significantly boost gas production capacity once implemented.Some contracts will be executed before the end of this
Natural Gas
12-12-2024

US Natgas Output to Decline as Demand Hits Record High in 2024, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.The EIA projected that dry gas production will ease from a r
Natural Gas
12-12-2024

TotalEnergies Completes Acquisition of SapuraOMV Upstream Assets in Malaysia
TotalEnergies has completed the acquisition of the interests of OMV and Sapura Upstream Assets in SapuraOMV Upstream, an independent gas producer based in Malaysia, Trend reports.The deal, which involves a 50% interest from both OMV and Sapura Upstream As
Crude Oil
12-12-2024

Argentina Hydrocarbon Production Nears Record Highs
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.Crude oil and natural gas prod
Oil Price
10-12-2024

Saudi Arabia Cuts Oil Prices
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the market remains weak.SState oil producer Saudi Aramco will sell its main Arab Light crude grade
Natural Gas
10-12-2024

Gas Prices Rise for Eighth Week Straight
The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday.The average gasoline price reached 1,641.9 won ($1.16) between Dec. 1 to 5, an increase of 3.6 won from the previous
Oil&Gas Drilling
10-12-2024

48 Billion Boe Potential: Indonesia Offers Six More Blocks
Indonesia’s Ministry of Energy & Mineral Resources (ESDM) has unveiled the country’s second acreage offering of 2024.Six blocks are on the table with combined potential of 48 billion barrels of oil equivalent, bringing to 11 the nu
Oil Exploration
10-12-2024

Bangladesh Gears up to Restart Offshore Oil, Gas Exploration With Fresh Bidding Process
The last time gas was discorvered in the sea was 11 years ago and the only things that have happened since are discussions and speculations.However, momentum is now building to resume exploration efforts, raising the question of whether this new initiativ
Oil & Gas Technology
10-12-2024

Iran Offers Cooperation With Gas Exporting Countries in Oil and Gas Technologies
Azim Kalantari-Asl, speaking during a visit by GECF ministerial delegates to the research facility, outlined key areas for collaboration, including gas reservoir exploration, enhanced recovery technologies, gas storage systems, and CO? capture and utiliza
Oil&Gas Drilling
10-12-2024

Drillship for East Sea Gas Exploration Project Arrives in Busan
A drillship tasked with initiating the drilling operation for a major gas and oil exploration project in the East Sea arrived Monday at an offshore anchorage near the southeastern port city of Busan, the industry ministry said.The arrival comes amid growi
LNG
10-12-2024

Pakistan Opts for Azerbaijani LNG Over Deferred Qatari Shipments
Pakistan LNG Ltd (PLL) held an emergency board meeting on Sunday to review the gas demand and supply situation and will meet again on Monday to finalize the offer price from Azerbaijan, according to Petroleum Division sources cited by Express Tribune.Publ
Crude Oil
10-12-2024

Oando Raises Oil Production Output by 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months.It said the achievement followed the acquisition of Nigerian Agip Oil Company from Eni, earlier this year.The Managing Director of Oando Energy Resources
LNG
10-12-2024

Qatar to Double LNG Output to 160MN Tpy in a ‘Responsible Way’, Says Al-Kaabi
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi at the ‘Newsmaker interview’ at the Doha Forum 2024 Saturday. PICTURE: ThajudeenQatar will be doubling its LNG production in a few years to almost 160mn tonnes per
Crude Oil
10-12-2024

Crude Oil Recovered After Train Collision in Sancti Spíritus
Cuba-Petroleum Union (CUPET) announced this Sunday that its teams are working intensively to recover the oil spilled following the train accident that occurred in the Guayos area, in the province of Sancti Spíritus.In a brief message on the soc
Natural Gas
10-12-2024

Iran’s Annual Gas Production Reaches 275 Bcm: Oil Minister
Iran’s annual natural gas production has reached 275 billion cubic meters despite the United States’ unilateral and cruel sanctions, said Oil Minister Mohsen Paknejad on Sunday.Speaking at the opening ceremony of the 26th Ministerial M
Oil Field
10-12-2024

Oil Producers Finalise $1.2b Acquisition as Norwegian Firm Exits Nigeria
Nigeria’s independent oil producer, Chappal Energies, has finalised the $1.2 billion acquisition of Norwegian oil giant, Equinor Nigeria Energy Company (ENEC).The development, which marks the exit of the organisation from Nigeria, would see Chap
Gas Pipeline
09-12-2024

Energy Transfer to Build Nearly $3 Billion New Gas Pipeline in the Permian Basin
Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstream in a $7.2 billion deal three years ago is expanding its operations in a nearly $3 billion deal.The Dallas based firm announced it reached a positive final investment decisi
Oil Price
09-12-2024

Global Oil Prices Drop to $71 as 4th Largest Production Company Cuts Prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s oil giant, Aramco, cut prices for its Asian customers.Aramco’s reductions for Asian buyers are deeper than

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