Oil

Oil & Gas Trade

Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil

With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is emba…

Oil&Gas Drilling

China's Landmark Deep-Earth Borehole Drilling Exceeds 10,000 Meters

A drone photo taken on March 2, 2024 shows the "Shenditake 1" borehole in the Taklimakan Desert in the Tarim Basin, northwest China's Xinjiang Uygur Autonom…

Gas Pipeline

India Sees $4.95 Bln Investment for Natural Gas Network in Kashmir, Northeast

India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and …

Oil & Gas Trade

TC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln

The logo of energy transport firm TC Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Ch…

Oil & Gas Trade

US Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill

Oil tankers stand attached to mooring stations near a refinery in Bayonne, New Jersey August 24, 2011. REUTERS/Lucas Jackson/ File Photo Purchase Licensing Righ…

LNG

Suriname's Staatsolie Signs Gas Exploration Deal with Petronas, Exxon

Suriname's Staatsolie said on Monday that Malaysia's Petronas and U.S. oil giant Exxon Mobil (XOM.N), opens new tab have agreed to extend exploration of…

Oil&Gas Drilling

Diamond Offshore Clinches New $350M Drillship Deal with BP

Houston-based Diamond Offshore Drilling has secured a two-year contract extension with a subsidiary of BP in the US Gulf of Mexico for the seventh-generation dr…

Oil&Gas Drilling

ADX Ramps up European Gas Pursuit at Welchau Well

ADX Energy’s hunt for 807 billion cubic feet (Bcf) of European gas is continuing to gather steam, with the drilling of its Welchau-1 exploration well in A…

Oil & Gas Trade

Gurbanguly Berdimuhamedov Announces Possible Turkmen Gas Supplies to Europe

Officials from Turkmenistan and Turkey signed two preliminary agreements on Friday for the Central Asian country to supply gas to Turkey and onward to Europe, d…

LNG

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out riv…

Oil Price

Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty

The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…

Oil Price

Record US Oil and Gas Production Keeps Prices Under Pressure

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…

Oil&Gas Drilling

OPEC+ Members Extend Oil Output Cuts to Second Quarter

A view of the entrance to the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeg…

Oil Exploration

FG Eyes 2.5 Million Barrels Daily Oil Production

Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/…

LNG

Philippines' Top Energy Firms Partner for $3.3 Bln LNG Facility

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on…