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Oil
India
Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25
The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Depar…
Natural Gas
Eni Fires up Africa Oil and Gas FPSO Project
Eni on Saturday successfully started production of Phase 2 at its Baleine field offshore Ivory Coast, which will boost production at the asset to 60,000 barrels…
LNG
Trump Administration to Boost US LNG Exports
Liquefied natural gas (LNG) export in the US is expected to accelerate under the administration of Donald Trump who takes office on Jan. 20, according to a seni…
Oil Price
Azerbaijani Oil Price Exceeds 76$
The price of Azeri Light (CIF) branded Azerbaijani oil has increased in world markets, APA-Economics reports.The price of Azerbaijani oil per barrel increased b…
Crude Oil
Nigeria’s 2 Million Bpd Oil Production Target Under Threat
The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors r…
Natural Gas
Oil Prices Rise on Crude Drawdown; Natural Gas Falls on Profit-Taking
It was a mixed bag for commodity prices during the final week of 2024. An unexpectedly large drawdown of 4.2 million barrels — according to the Energy Informat…
Oil Pipeline
Turkey Considering Oil Pipeline to Syria: Minister
Turkey is considering a new oil pipeline to Syria that will also link to the Turkey-Iraq pipeline, the minister of energy and natural resources said on Friday.T…
Crude Oil
US Crude Oil Stocks Fall for Fifth Straight Week
US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.Data released today, Dec. 27, by the US Energy …
Natural Gas
Petrobras Informs About New Law for the Oil and Gas Sector
Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content s…
Oil&Gas Drilling
ExxonMobil to Begin Drilling in Cyprus’ EEZ in January 2025
ExxonMobil’s drilling rig is set to begin operations in Cyprus’ Exclusive Economic Zone (EEZ) in mid-January 2025, according to Energy Minister Geor…
Net Zero
Africa’s ‘First Net Zero Emission Upstream Project’ Starts Its Next Oil & Gas Chapter
Italy’s energy giant Eni has kicked off production from the second stage of its oil and gas development off the coast of Côte d’Ivoire, which …
Oil&Gas Drilling
Petrobras to Keep Constellation’s Semi-sub Rig Under $61M Contract Extension
(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrob…
Oil&Gas Drilling
TotalEnergies Adds More Time to Northern Drilling Semisub Deal
French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira.John Fredriksen-controlled Northern Ocean…
Oil Price
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…
Oil Price
Azerbaijani Oil Price Once Again Exceeds $75
The price of Azerbaijani crude oil has once again surpassed $75 per barrel.A barrel of Azeri Light crude rose by $1.11, or 1.49%, reaching $75.37 on Wednesday.T…
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