Oil

Offshore Wind Power

Vietnam National Oil and Gas Group Seeks World Bank Support for Offshore Wind Power Development in Vietnam

Vietnam National Oil Imitation Group calls on the World Bank to provide support, including capital, to assist green energy projects, especially offshore wind po…

Natural Gas

Gas Exploration Firm’s Licence Extended Again

A company looking to extract gas from Manx territorial waters has had its exploration licence extended once more.A two-month extension has been granted to Crogg…

Natural Gas

Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity

The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next y…

Russian

Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls

Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…

Natural Gas

US Natgas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand

US natural gas futures hit a 23-month high on Tuesday in thin pre-holiday trading, supported by an increase in the amount of gas flowing to liquefied natural ga…

Oil Shale

Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence

In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…

LNG

Golar LNG Buys Remaining Stake in Flng Unit for $90M

Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch…

Natural Gas

Santos’ Hook-up of New Well to Existing Gas Hub Offshore Australia Gets the All-Clear

Australian energy player Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable …

Russian

Global Oil Demand to Gain 1-1.5 Mbd in 2025

Russia expects growth of global oil demand in 2025 to reach from 1 mln barrels per day (mbd) to 1.5 mbd, Deputy Prime Minister Alexander Novak said in an interv…

Crude Oil

Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion

Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Econo…

Renewable Diesel

K-State Biochemists Make Significant Breakthrough in Increasing Purity of Specialized Plant Oils

Using synthetic biology techniques, K-State biochemists have made significant breakthroughs in cultivating camelina and pennycress.Some of the more commonly kno…

Oil Exploration

ACREP to Start Exploration in Angola’s Cabinda Norte Block In 2025

Angolan upstream firm ACREP plans to begin oil exploration in the onshore Cabinda Norte Block in Angola in 2025. The aim is to identify and unlock the economic …

Oil Exploration

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit off Colombia

Colombia's national environmental licensing agency (ANLA) on Friday said it has awarded an environmental license to Anadarko Colombia Company, a subsidiary …

Oil&Gas Drilling

Vår Energi Granted License to Drill North Sea Exploration Well

Vår Energi ASA has been granted a permit by the Norwegian Offshore Directorate to drill in the North Sea.Exploration well 7/1-3 will be drilled in production l…

Natural Gas

Kuwait’s Petroleum Exploration Firm Begins Withdrawal From Pakistan

Kuwait Foreign Petroleum Exploration Company (KUFPEC) has begun its exit from Pakistan’s oil and gas sector, citing extensive circular debt and prolonged …