Barrels of oil

Oil & Gas Supply

US Seeks up to 6 Million Barrels of Oil for Strategic Reserve

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Oil&Gas Drilling

Indonesia Seeks 10 Million Barrels of Oil to Build First Reserve

Indonesia plans to set aside more than 10 million barrels of crude — about a 10th of global daily consumption — over the next decade as a buffer against energ…

Oil & Gas Trade

Oil Tycoon Emmanuel Fritz Paret Acquires 150 Wells, 140 Million Barrels of Oil in Kentucky Reserve Deal

Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition in…

Norway

OMV Makes “Significant” Gas Discovery in Norwegian Sea, Estimates up to 140 Million Barrels

OMV (Norge) AS, the operator of the PL 1194 license, announced a significant gas discovery in the Norwegian Sea. The well, drilled by the Transocean Norge rig, …

Oil & Gas Supply

US seeks 6 million barrels of oil for strategic petroleum reserve

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Oil & Gas Trade

Canada’s Pieridae Energy Shuts-in Production Amid Low Natgas Prices

Canadian energy company Pieridae Energy (PEA.TO), opens new tab said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day …

Oil & Gas Trade

US Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Purchas…

Oil & Gas Trade

Portugal's Galp Says Field off Namibia Could Contain 10 Billion Barrels of Oil

Galp Energia logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsPortuguese oil …

Oil & Gas Trade

BP Starts Oil Production From $6BN Ace Project in Caspian Sea

Azeri Central East joins six other offshore platforms installed on the ACG field off the coast of Baku, which has been producing since 1997 and has yielded more…

Oil & Gas Supply

Canada's Tamarack Valley Shutters Production After Alberta Gas Plant Fire

Canadian oil and gas producer Tamarack Valley Energy (TVE.TO), opens new tab has temporarily shut in about 6,200 barrels of oil equivalent per day (boepd) of pr…

Oil & Gas Trade

Pemex's Tupilco Profundo to Contribute 117 Mln Bbl to Mexico Output

Mexican state energy company Pemex plans to produce 116.9 million barrels of oil and 124.4 billion cubic feet of natural gas from the Tupilco Profundo field dur…

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 Trade

US Awards SPR Contracts Worth $229.5 Million to Exxonmobil, BP, Others

The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, t…

Oil & Gas Trade

US Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Oil & Gas Trade

Qatar to Supply Crude Oil to Shell in Five-Year Deal

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Acquire Licensing RightsQatar has agre…