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Oil & Gas Trade
India Signs Landmark 10-Year Agreement to Manage Strategic Iranian Port of Chabahar
India has signed a landmark 10-year agreement to manage the strategic Iranian port of Chabahar — a significant move that will help it crank up trade with Centr…
LNG
Gazprom Using FSRU Marshal Vasilevskiy as LNG Tanker, LSEG Data Shows
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov/File Photo Purchase Licensin…
Oil & Gas Trade
US Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoPurchase LicensingR…
Oil & Gas Trade
Kuwait Petroleum Renews Oil Supply Deal With China's Unipec Until 2033
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day of crude oil to China's Unipec, the trading arm of Asia's largest…
Oil&Gas Drilling
Adnoc Drilling Lands $1.7bn Contract for UAE's Energy Resources
Adnoc Drilling has been awarded, by Adnoc, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resourc…
Crude Oil
India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data
Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower interna…
Oil&Gas Drilling
Exxonmobil Brings Qatarenergy on Board as Its New Partner in Two Exploration Blocks
Qatar’s state-owned energy giant QatarEnergy has sealed a deal with ExxonMobil, a U.S.-headquartered energy heavyweight, to enter two exploration blocks off th…
Oil Field
Subsea 7 Wins Additional Contract for Sakarya Gas Field Development Phase 2
Phase 2 of the project involves the development of an additional 26 wells, aimed at increasing production capacity by an extra 30MSm3/d, thereby enabling the Sa…
Oil&Gas Drilling
NNPCE&P Ltd, Nosl Hit First Oil in OML 13 in Akwa Ibom
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of…
Oil & Gas Trade
Angola's Infrastructure to Support New Oil and Gas Development Ahead of 2025 Licensing Round
As part of the country’s six-year licensing round launched in 2019, Angola will open its next international tender in 2025. Currently, the National Oil, G…
Oil&Gas Drilling
Chinese Companies Win More Bids to Explore for Iraq Oil and Gas
China National Offshore Oil Corp (CNOOC) headquarters in Beijing. Photo: ReutersChinese companies won five more bids to explore Iraqi oil and gas fields, Iraq&r…
Oil&Gas Drilling
Piping Gas for Greater Nigeria
Great things are silently happening in Nigeria. I refer to a recent newsclip on AIT TV station announcing the opening of three gas installations. According to t…
Biofuel
USDA Predicts 14 Billion Pounds of Soybean Oil Will Go to Biofuel Production for 2024-'25
The USDA currently predicts soybean oil use in biofuel production will increase by 1 billion pounds to 14 billion pounds for 2024-25, according to the agency&rs…
Oil&Gas Drilling
US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…
Oil & Gas Trade
Russia's Refined Oil Product Exports to Singapore to Hit Highest This Year in May, Traders Say
Russian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Pho…
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