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Oil
Oil Price
Oil Little Changed as Falling US Stockpiles Outweigh Soft Demand Outlook
Crude oil production in KazakhstanOil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectation…
Oil Price
EIA Expects Oil Prices to Be Under Pressure From Oversupply in 2025, 2026
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023.Oil prices will be under press…
Natural Gas
Exxon Makes Natural Gas Discovery in Mediterranean Sea off Egypt
Exxon Mobil Corp. discovered natural gas off the coast of Egypt after successfully drilling an exploration well in the Mediterranean Sea.Exxon completed the Nef…
Crude Oil
Guyana Exported 225 Crude Cargoes in 2024
Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georg…
Natural Gas
Investors, IPPs See Opportunities in Natural Gas Generation
The Nueces Bay natural gas-fired plant.With lucrative renewable tax credits and rising electricity demand forecasts, the U.S. power market remains highly desira…
Natural Gas
Marcos Signs Into Law Bill Promoting Development of PH Natural Gas Industry
President Ferdinand ''Bongbong'' Marcos Jr. has signed into law the measure promoting the development of the Philippine Natural Gas Industry.Sig…
LNG
Sailing Green: James Fisher Books LNG Dual-Fuel Tanker Quartet in China
As disclosed, the steel cutting took place in November 2024, with the handover of the first tanker anticipated for the end of 2025.Owing to their LNG/dual-fuel …
Oil&Gas Drilling
BP Eyes First Gas Months Earlier With Subsea Ops Already Underway, as Valaris Rig Moves to Next Well
Valaris DS-12 drillshipUK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month. To this e…
LNG
Carnival’s LNG-Powered Cruise Ship Duo to Feature Silverstream’s ALS
The world’s largest cruise company Carnival Corporation & plc has commissioned the UK’s cleantech company Silverstream Technologies to install its a…
Crude Oil
Valeura Posts Record Oil Production in Q4
Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.Valeura Energy Inc. has said its oil production average hit…
Oil Price
Azerbaijani Oil Price Surpasses $84
A barrel of Azeri Light crude rose by $2.67, or 3.51 %, reaching $84.53 on Tuesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April…
Oil Refinery
Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products
One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last Novem…
Oil Price
Oil Hits Four-Month High in Boost for Budget
The price of Brent crude, Nigeria’s benchmark grade, extended gains for a third session on Monday, rising above $80 a barrel to its highest in more than f…
Oil Field
Atlas Announces First Commercial Sand Delivery From Permian, Enhancing Oilfield Logistics
Atlas Energy Solutions Inc. today announced the first commercial delivery of sand off its Dune Express conveyor system in the Permian basin. The sand was origin…
Natural Gas
Geometric Power-NNPC Gas Supply Deal Improves Electricity Supply to Aba
The Southeastern Zone of the Electricity Consumers Association of Nigeria (ECAN) has lauded Aba Power for the radical improvement in recent times in electricity…
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