Oil

Crude Oil

Valeura Posts Record Oil Production in Q4

Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.Valeura Energy Inc. has said its oil production average hit…

Oil Price

Azerbaijani Oil Price Surpasses $84

A barrel of Azeri Light crude rose by $2.67, or 3.51 %, reaching $84.53 on Tuesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April…

Oil Refinery

Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products

One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last Novem…

Oil Price

Oil Hits Four-Month High in Boost for Budget

The price of Brent crude, Nigeria’s benchmark grade, extended gains for a third session on Monday, rising above $80 a barrel to its highest in more than f…

Oil Field

Atlas Announces First Commercial Sand Delivery From Permian, Enhancing Oilfield Logistics

Atlas Energy Solutions Inc. today announced the first commercial delivery of sand off its Dune Express conveyor system in the Permian basin. The sand was origin…

Natural Gas

Geometric Power-NNPC Gas Supply Deal Improves Electricity Supply to Aba

The Southeastern Zone of the Electricity Consumers Association of Nigeria (ECAN) has lauded Aba Power for the radical improvement in recent times in electricity…

Crude Oil

China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field

The history of the Middle East since the 1990s has been in many aspects been defined by China’s need to secure sufficient energy to power its economic gro…

Crude Oil

Well Malfunction Causes Bowman County Spill

A malfunction in a well caused produced water and crude oil to spill in Bowman County.State regulators said about 235 barrels of produced water and 15 barrels o…

Oil Pipeline

Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom

Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling …

Natural Gas

Milestone Achieved for UK’s Largest Planned Gas and Hydrogen Storage Hub

EnergyPathways' chief executive Ben Clube.AIM-listed EnergyPathways has achieved a major milestone for its Marram Energy Storage Hub (MESH) project, as the …

Oil & Gas Supply

People Think They’ve Found the Culprit as UK Gas Storage Drops to ‘Concerningly Low’ Levels

Reminders that the Conservatives oversaw the closure of the Rough gas storage facility off the coast of East Yorkshire have been posted on social media in the w…

Oil & Gas Supply

Slovakia’s Gas Supplies to Be Partly Secured via Hungary

Slovak Prime Minister Robert Fico gave an interview to television channel TA3, in which he touched on the issue of gas transit. The non-renewal of Ukraine&rsquo…

Oil Refinery

Serbia Ready to Buy Russian Stake in NIS Refiner

Serbia's president said the country has the money to pay for Gazprom's stake in the Balkan country's only refiner to preserve production amid new U.…

Crude Oil

Norway Hits New Annual Gas Production Record

Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.Norway&r…

Oil & Gas Trade

Azerbaijan to Resume Gas Export to Serbia Soon

Azerbaijan will resume export of gas to Serbia in the near future.Serbian President Aleksandar Vucic said at a press conference earlier that supplies of gas fro…