Oil

Iran

Iran Set to Slash Fuel Subsidies in Sensitive Move

Iran is due to ease fuel price subsidies, according to documents reviewed by Iran International, in a politically sensitive move likely approved by the country&…

Oil Price

Oil Prices up in Thin Pre-christmas Trade

Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S. economic data and rising oil demand in India, the …

India

Oil India to Launch Subsidiary for Green Energy Ventures

Oil India Ltd. (OIL) has announced plans to establish a wholly-owned subsidiary, OIL Green Energy, to oversee its green and alternative energy ventures. The sta…

Oil&Gas Drilling

UAE’s Adnoc Boosts Drilling Capabilities With 2 New Jack-up Rigs

The Abu Dhabi National Oil Co. has received two new jack-up rigs, reinforcing its position as one of the largest drillship fleet owners globally.ADNOC Drilling …

Oil&Gas Drilling

Vermilion Energy Announces $1B Deal to Buy Westbrick, Bolstering Scale in Deep Basin

Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion.The Calgary-based company says the trans…

Oil&Gas Drilling

Zephyr Energy Secured a Rig for Drilling Operations at Paradox, Scheduled to Commence in January.

Zephyr Energy plc (AIM: ZPHR), a Rocky Mountain-based oil and gas company committed to responsible resource development and carbon-neutral operations, has provi…

Oil&Gas Drilling

Equinor Comes up Dry Offshore Norway

Equinor and its partners have drilled two wells in the North Sea, both of which were proven dry.The wildcat wells Kvernbit and Mimung (35/10-14 A and 35/10-14 S…

Oil&Gas Drilling

Dolphin Drilling Emerges as Winner in Arbitration Saga Over Rig Termination Deal

Norway-headquartered offshore drilling contractor Dolphin Drilling has disclosed a positive outcome of arbitration proceedings with Lagos-based General Hydrocar…

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,…