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Oil
Oil Field
Iraq’s Artawi Oil Field Gets Ready for a Massive Boom
A gas processing facility in Artawi, near Iraq’s southern port city of Basra. Photo: AFP/Hussein FalehBaghdad (IraqiNews.com) – The Artawi oil field…
Natural Gas
Uzbekneftegaz Forecasts Gas Production Decline to 26.5 Billion Cubic Meters by 2025
Bakhodirjon Sidikov.Photo: President's press serviceUzbekistan’s largest gas producer Uzbekneftegaz predicts a further drop in production to 26.5 bill…
Oil Field
Petrobras Terminates Sale of Two Oil & Gas Fields Offshore Brazil
Brazilian oil and gas player Brava Energia has confirmed its acquisition of oil and gas fields and associated infrastructure off the coast of Brazil cannot be c…
Oil Field
China’s CNOOC Brings Bohai Sea Oil Field on Stream
Illustration (Credit: CNOOC)China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oil…
Crude Oil
Crude Oil Futures Rise on Spot Demand - PTI
Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets.Crude oil prices on Mon…
Crude Oil
India to Overtake China in Crude Oil Consumption by 2024, 2025
Representation imageIndia is poised to overtake China as the leading source of growth in global crude oil consumption.In 2024 and 2025, India will account for o…
Battery
New Flow Battery to Take Up Housekeeping in Derelict Oil Tanks
The flow battery field has been slowly catching on, beckoning with the promise of low cost, long duration energy storage solutions for wind and solar resources,…
Natural Gas
Uzbekistan Plans to Start Geological Exploration of 15 Promising Gas Deposits
President of Uzbekistan Shavkat Mirziyoyev chaired a meeting to discuss the state and measures to increase gas production in the country, Kazinform News Agency …
Crude Oil
KP Produces 30,000 Bpd of Crude Oil per Day
Similarly, the province produces 410 MMCFD of gas, which accounts for 13% of the national output. The province also produces 800 tons of LPG daily, representing…
LNG
US LNG Exports Hit Record Highs in 2024 Despite Price Pressures
US liquefied natural gas exports are on track to climb to new highs in 2024, as record domestic natural gas production spurred the 10th straight year of volume …
Brazil
Brazil Plans to Significantly Increase Oil Production by 2025
Brazil's oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd t…
Natural Gas
Saipem Wins $900M EPCI Contract From Shell’s $5BN Offshore Project in Nigeria
Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off…
Natural Gas
Severe Gas Shortage in Industrial Sectors Disrupting Production
Industrial sectors in Bangladesh are facing a severe gas shortage, disrupting production across factories. For several weeks, inadequate gas supply has caused o…
LNG
Qatar Threatens Europe With Termination of Liquefied Natural Gas Supplies
Qatar has threatened to cut off liquefied natural gas (LNG) supplies to Europe. This will happen if QatarEnergy faces a fine due to the EU Directive on corporat…
Oil Price
Oil Gains as Cooling US Inflation Points to Possible Easing
Oil prices rose on Monday as lower-than-expected US inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year …
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