Oil

Crude Oil

US Oil Industry Braces for Biden Takeover

The threat of reduced access to federal lands and new rules on infrastructure could prompt the sector to offer alternative green initiatives, writes Chris Knigh…

Oil Field

Energean Approves Israel Gas Field Development

The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023, the company said in a statemen…

Oil Field

Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields

Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry

Crude Oil

Norway Sees Crude Output at 2mn b/d in 2025

Crude production offshore Norway will increase to more than 2mn b/d in 2025 from 1.7mn b/d now, much of it from the giant Johan Sverdrup field, the Norwegian Pe…

Oil&Gas Drilling

Shell Joins Equinor and YPF in Argentina Block

Norway’s oil and gas giant Equinor and Argentina’s YPF have entered into an agreement with Shell to jointly farm-down a 30 per cent non-operated interests in …

Crude Oil

Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery

The US supply forecast was revised up as oil prices trade higher, according to Opec

Oil&Gas Drilling

Total Logs Fourth Significant Oil and Gas Discovery Offshore Suriname

Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname.

Natural Gas

Gas Demand Surging Toward Record

Forecasts agree this year may see 6-8% rise to reach around 360 billion cubic meters of fuel.

Crude Oil

Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD

South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 20…

CNOOC

Trump Escalates Ban On Holding Chinese Oil Stocks, Delisting May Be Next

The Trump Administration is banning as of November 2021 the holding of shares in any Chinese company defined by the U.S. as having links to the Chinese military…

Crude Oil

OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021

Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday

Expression of Interest for development of STO oil terminal master plan

Expression of Interest (EOI) for development of STO oil terminal master plan

Oil&Gas Drilling

ReconAfrica Commences Drilling Operations in Kavango Basin

Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the …

Energy Infrastructure

Neptune Energy Awards $6.5M Contracts for Cygnus Gas Facility

Neptune Energy has announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering…

Natural Gas

Sinopec, SIBUR Set up Joint Venture

SIBUR and Sinopec will hold respective interest in the joint venture in the amount of 60 percent and 40 percent.