Block

Crude

Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade

The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National O…

Oil & Gas Trade

Libya Faces Disaster If Oil Blockade Continues

Libya is facing financial disaster if the Libyan National Army does not lift the oil port blockade, the Prime Minister of the UN-recognized Government of Nation…

Libya's Oil Corporation: Blockade Losses Exceed $1.3 Billion

Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday.

Oil&Gas Drilling

Frontera Announces Discovery in Colombia

Frontera Energy Corporation provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint v…

Oil & Gas Trade

Petrobras Selling Offshore Field and Blocks in Brazil

Petrobras said on Monday that these transaction were in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at…

Oil&Gas Drilling

Virginia Lawmakers Vote to Block Offshore Drilling in Rebuke to Trump Plan

Virginia lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Trump administration…

Oil & Gas Trade

Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets

Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…

Oil & Gas Trade

Crude Oil Jumps on Libya Export Blockage, Iraq Disruptions

Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq.

Energy storage technology

S. Korean Government to Accelerate Blockchain Development

The ministry’s keyword for its blockchain development projects is service popularization. In this regard, the ministry will allocate a budget of 16.1 billion w…

Crude

Guyana celebrates first oil

THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guya…

Oil&Gas Drilling

First Shafag-Asiman Exploration Well Spudded Offshore Azerbaijan

SOCAR and BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 J…

Oil & Gas Trade

Iraq Warns of 'Collapse' if Washington Blocks Oil Cash

BAGHDAD-Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps…

Oil & Gas Trade

Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border

Congo Kinshasa is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.

Coal Mine

CIL's Coal Resources Available Rise 8.3 Billion Tonnes

Coal resources available to Coal India Ltd (CIL) has seen a boost of over 8.3 billion tonnes (bt) following allocation of 16 blocks by the Centre.

Oil&Gas Drilling

Talos Targeting 2023 for First Oil from Zama Offshore Mexico

Talos Energy has detailed results of Netherland Sewell’s (NSAI) contingent resource evaluation of the Zama oil discovery in block 7 offshore Mexico.