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Oil
Oil&Gas Drilling
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…
Crude Oil
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 …
Oil Exploration
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…
Oil Exploration
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…
Crude Oil
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 t…
Natural Gas
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.Ac…
Oil Field
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 Un…
China
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 growt…
Natural Gas
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 well…
Hydrogen Production
Sinopec Produces Green Hydrogen From Seawater at Qingdao Refinery
Chinese state-owned oil and gas firm Sinopec has completed a seawater hydrogen production research project at its Qingdao Refinery.Said to be the first project …
Natural Gas
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…
Natural Gas
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 utili…
Oil Price
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 unname…
Crude Oil
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 Wedn…
Oil Price
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 R…
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