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Oil&Gas Drilling
OPEC Reports Decline in Kazakhstan’s Oil Output for Jan. 2025
Kazakhstan’s crude oil production in January 2025 was estimated at 1.53 million barrels per day (mb/d), according to OPEC’s latest report, Trend rep…
Crude Oil
Nigerian Oil Firm Secures $200 Million for Domestic Gas Expansion
A Nigerian oil and gas company, NESGAS Limited, yesterday, said the signing of a $200 million contractor financing agreement with Cakasa Nigeria Limited for the…
Oil & Gas Trade
ADNOC Gas Signs 14-Year LNG Agreement With Indianoil for up to $9 Billion
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liq…
Oil & Gas Trade
Trafigura Buying Oil From Brazilian Player’s Santos Basin Field
Brazil’s oil and gas company Brava Energia has signed a contract with global commodity trading group Trafigura for the sale of oil produced at the former&…
LNG
Evergreen Splashes Out $3 Billion on New LNG Dual-Fuel Containerships
Evergreen's Ever Acme.According to the company’s stock exchange files from February 12, eleven vessels with a capacity of 24,000 TEUs were ordered.Fiv…
Crude Oil
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Storage tanks at the Port of Rotterdam in Rotterdam, Netherlands.Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to str…
Battery
Tata Power Unit and ONGC Sign MoU for Battery Energy Storage Systems
The MoU, signed at India Energy Week 2025, was formalised with TPREL CEO Deepesh Nanda and other dignitaries.Tata Power Renewable Energy – (TPREL), a subs…
Natural Gas
Germany Wants EU to Relax Gas Storage Targets
Model of natural gas pipeline and EU flag, July 18, 2022.Germany wants the European Union to make its gas storage targets less rigid because of worries over the…
Oil Price
Oil Settles Flat, Pares Early Losses as Tariffs Delayed
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices settled flat on Thursday, paring earl…
Coal Mine
Drilling on a New Swath of Ultra-Deep Oil Wells in Taklamakan Desert, Starts After Holiday
Photo taken on July 7, 2017, shows Keshen 605 well at the Tarim Oilfield in Aksu, northwest China's Xinjiang Uygur Autonomous Region.Drilling on a new swath…
Oil&Gas Drilling
BP Books Singapore Firm for Another Gulf of America-Bound Floating Production Unit
Rendering of BP's Kaskida offshore platform in the Gulf of MexicoSingapore-headquartered provider of offshore, marine, and energy solutions Seatrium has sec…
Crude Oil
EIA Confirms Turkmenistan’s Rising Oil Reserves
Turkmenistan continues to strengthen its position as a key energy producer, with proven oil reserves reaching 600 million barrels as of January 1, 2025, accordi…
Offshore Wind Power
Government Pledges Extra £200M for Offshore Wind in Oil and Gas Communities
A floating wind turbine, similar to those that will make up the Green Volt development.The UK government has announced an initiative to deliver up to £200…
Crude Oil
Oil Giant Chevron Plans to Lay off 20% of Workers in Cost-Cutting Push
Chevron employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employeesChevron plans to cut its global workforce by…
Crude Oil
Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises
An Exxon gas station seen in Washington, U.S., November 26, 2024.A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for it…
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