Oil

Oil Exploration

ADNOC Partners with Pakistani Companies for the First Time

As part of Abu Dhabi’s second competitive block bid round, ADNOC has signed a historic exploration concession agreement, awarding the exploration rights for Ab…

Crude Oil

ExxonMobil Baton Rouge Begins Restart Process

ExxonMobil's refining and petrochemical assets in Baton Rouge were undamaged by Hurricane Ida and have begun restart procedures today.

Energy Security

Syrian Oil Spill Spreads Into Mediterranean, May Reach Cyprus

Cypriot authorities are monitoring slick, as latest satellite imagery shows fuel oil leak from Baniyas power plant larger than anticipated

Crude Oil

OPEC+ Likely to Keep Oil Output Policy from September Unchanged, Sources Say

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase.

Crude Oil

Pemex Restores Oil Output Suspended Due to Platform Fire

Its has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.

Hydrogen Project

Australian Energy Retailer, Japanese Oil Refiner Team up on Green Hydrogen

Origin Energy, Australia’s biggest energy retailer, has agreed to team with Japan’s largest oil refiner, Eneos, to explore the potential for a commercial-scal…

Natural Gas

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom …

CCS

China's CNOOC Launches First Offshore Carbon Capture Project

As one of the auxiliary facilities at Enping 15-1 oilfield in the Pearl River Mouth basin of the South China Sea, about 190 km southeast of Hong Kong, the CCS p…

Natural Gas

Shell Unit Commits to Renewable-Powered Timi Gas Project Offshore Malaysia

The offshore wellhead project, developed with its partners Petronas Carigali and Brunei Energy Exploration, could see peak production of up to 50,000 barrels of…

Crude Oil

OPEC Stays the Course on Output Hikes As Oil Prices Rebound

OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum…

Crude Oil

Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022

Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said …

LNG

Kuwait Raises Its Liquefied Gas Shipments to 8 Ships a Month

The sources said the gas import facilities, which were inaugurated last July, have succeeded in receiving about 25 gas shipments so far, saying each ship carrie…

Crude Oil

Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire

Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,

Libya

Libyan Firm Stops Oil Production On Lack Of Funds

The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money

Oil Field

ONGC's 2nd Oil Rig to be Operational at Kalol by Mid

The ONGC, India's national oil company, five years ago decided to replace its aging fleet with 47 new rigs, including 27 for drilling and 20 for workover.