Oil

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 …

Natural Gas

Russia’s Daily Pipeline Gas Flows to China Set New Record

Russia’s daily natural-gas flows to China via the Power of Siberia link set a new record on Dec. 20, according to energy giant Gazprom PJSC.While the prod…

Crude Oil

Iraq Halts Oil Exports to Syria Amid Regional Instability

Iraq has suspended crude oil exports to Syria, citing regional instability, in a move that threatens to deepen Syria's fuel crisis, Iraqi officials said on …

Oil&Gas Drilling

Aker BP Gets Green Light for Drilling Ops in Norwegian Sea

The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea.The permits are for wellbore 6306/6-3 S in pr…

Oil&Gas Drilling

Contract With ‘Prominent’ Oil & Gas Company Takes US Subsea Firm to West Africa

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what…

Crude Oil

Venezuela Sends Crude to India in New Deal

A high-seas oil tango is back on between Venezuela's state oil company PDVSA and India’s Reliance Industries, rekindling a swap arrangement paused by …

Oil Exploration

Exploration Well Encounters 4 Oil Rich Reservoirs

Arrow Exploration Corp. (AXL:TSX.V; AXL:LSE) made a material discovery with its Alberta Llanos AB-1 exploration well on the Tapir block in Colombia's Llanos…

Oil Exploration

Pakistan Spent Rs. 430 Billion on Oil and Gas Exploration in Last 3 Years

The Senate Standing Committee on Petroleum, chaired by Senator Umar Farooq, held a meeting where petroleum officials provided a detailed briefing on oil and gas…