Oil

Oil Price

Further Oil Stock Releases by Iea Member Countries ‘on the Table’

Further releases of oil stocks by International Energy Agency member countries are on the table in the event of market disruptions, the agency's chief energ…

Oil Price

Oil Prices Fall on Us Crude Build-up and Recession Fears

The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wedne…

Natural Gas

Germany's Natural Gas

Germany

Challenges Remain Despite Gas Prices Drop in Europe

Photo taken on June 28, 2022 shows the site of the Midia natural gas development project in Vadu village on the Black Sea coast in southeastern Romania. [Photo/…

OPEC

Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD

Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor…

Energy Investment

Qatarenergy, Us Giant Take Investment Decision on Massive $6 Billion Ras Laffan Complex

Qatari giant also awarded EPC contract for project's ethylene plant to pairing of Samsung Engineering and CTCIQatarEnergy and US giant Chevron Phillips Chem…

Natural Gas

Conrad Awarded Indonesia Blocks With Development, Multi-Tcf Exploration Potential

Acreage offshore Aceh hosts existing gas discoveries awaiting exploitationAsia-focused independent Conrad Asia Energy has been awarded two new production sharin…

Oil Field

Petronas Awards Banang Oilfield Prize

Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production,…

LNG

LP Gas Price Increases for the First Time in 2023

The federal government published the maximum prices for LP gas for the second week of 2023.The Energy Regulatory Commission (CRE) announced the prices applicabl…

Oil&Gas Drilling

China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan

(Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern Amu Darya basin a…

Oil&Gas Drilling

Extra Time for Shelf Drilling Tenacious in Angola

Shelf Drilling reports that it has secured a further 12-month extension on the Shelf Drilling Tenacious jack-up rig in direct continuation of its current contra…

Oil & Gas Supply

Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth

Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea…

Oil Price

Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO

OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not …

Oil Exploration

China, Philippines to Negotiate Oil and Gas Exploration Talks in South China Sea

The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime difference…

Energy Investment

U.S. Oil Majors Focus On Cost Discipline in Spending Plans

As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil project…