Oil

Oil&Gas Drilling

China's Sinopec Strikes Large Oil, Gas Flow at South China Sea Well

China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea, it said on Wednesday.Th…

Oil Field

Beacon Fires up US Offshore Oil Project

Kosmos Energy chief executive Andrew Inglish.Photo: KOSMOS ENERGYUS independent Beacon Offshore Energy has started oil production from its fast-tracked Winterfe…

Biofuel

Spain's Cepsa Signs Biofuels Agreement With Lidl's Owner

The logo of CEPSA is seen on the facade of a building at Cepsa Energy Park in San Roque, near Algeciras, southern Spain, December 1, 2022. REUTERS/Jon Nazca/Fil…

Oil & Gas Trade

Totalenergies to Exit Gas Field Offshore South Africa in Blow to Country

The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, …

Crude Oil

Oil Prices Inch up on Large US Crude Stock Draw

An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar…

Oil & Gas Trade

US Awards Contracts for 1 Mln Barrels of Gasoline Sale to Five Firms

Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 1…

Oil&Gas Drilling

Qazaqgaz, Chevron to Cooperate on Potential Geological Exploration at Kazakh Zhalibek Site

QazaqGaz national company and Chevron Corporation, through its subsidiary Chevron Munaigas Inc., signed a cooperation agreement on July 1 regarding potential ge…

Oil & Gas Trade

Egyptian Consortium to Import U.S. Shale Gas to Tackle Short Gas Supplies

One of Egypt's largest petrochemicals companies plans within a consortium to import U.S. shale gas to address a shortage in natural gas supplies that forced…

Oil Price

Brazil's Petrobras Hikes Jet Fuel Prices by 3.2%

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Phot…

Oil&Gas Drilling

Saudi Arabia Announces Discovery of Seven Oil, Gas Deposits

Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the …

Oil & Gas Trade

Turkiye Importing Iranian Oil After Four Years

Tehran, IRNA – A report by the statistical office of the European Union (Eurostat) suggests that Turkiye has imported oil from Iran for the first time in …

Oil & Gas Supply

Daily Gas Production at Sakarya Field Reaches 5.5 Million Cubic Meters

The daily natural gas production from the Sakarya field in the Black Sea has reached 5.5 million cubic meters, according to Energy and Natural Resources Ministe…

Oil&Gas Drilling

Malaysia's Sabah State to Develop Oil, Gas Facilities With Gibson Shipbrokers

London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas fa…

LNG

China Completes Its Largest LNG Storage Base

A subsidiary of China National Offshore Oil Corporation (CNOOC) has completed the construction of China's largest LNG storage base, a move that aims to ensu…

Oil&Gas Drilling

Kinetico Energy Strikes Gas in South Africa

Kinetico Energy Ltd has reported successful further exploration at core hole 270-12C, revealing multiple gas-rich zones and confirming the potential for multi-f…