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Oil
Oil Refinery
NLC Hails Dangote Refinery for Fuel Price Cut
The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.Spea…
Crude Oil
RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…
Oil Exploration
Onshore Petroleum Auction Set to Be Held
Authorities are calling for bids for onshore petroleum exploration and production in nine areas in the Northeast and central region for the first time in 17 yea…
Natural Gas
KazMunayGas and CNOOC Joining Forces to Dig Deeper Into Geological Exploration
KazMunayGas and CNOOC are expanding their cooperation in geological exploration, discussing key aspects of bilateral collaboration, including the joint implemen…
Offshore Wind Power
Vietnam National Oil and Gas Group Seeks World Bank Support for Offshore Wind Power Development in Vietnam
Vietnam National Oil Imitation Group calls on the World Bank to provide support, including capital, to assist green energy projects, especially offshore wind po…
Natural Gas
Gas Exploration Firm’s Licence Extended Again
A company looking to extract gas from Manx territorial waters has had its exploration licence extended once more.A two-month extension has been granted to Crogg…
Natural Gas
Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next y…
Russian
Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…
Natural Gas
US Natgas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
US natural gas futures hit a 23-month high on Tuesday in thin pre-holiday trading, supported by an increase in the amount of gas flowing to liquefied natural ga…
Oil Shale
Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…
LNG
Golar LNG Buys Remaining Stake in Flng Unit for $90M
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch…
Natural Gas
Santos’ Hook-up of New Well to Existing Gas Hub Offshore Australia Gets the All-Clear
Australian energy player Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable …
Russian
Global Oil Demand to Gain 1-1.5 Mbd in 2025
Russia expects growth of global oil demand in 2025 to reach from 1 mln barrels per day (mbd) to 1.5 mbd, Deputy Prime Minister Alexander Novak said in an interv…
Crude Oil
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Econo…
Renewable Diesel
K-State Biochemists Make Significant Breakthrough in Increasing Purity of Specialized Plant Oils
Using synthetic biology techniques, K-State biochemists have made significant breakthroughs in cultivating camelina and pennycress.Some of the more commonly kno…
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