Oil

Oil Exploration

QatarEnergy Acquires Interest in Exploration Block Offshore Namibia

QatarEnergy has acquired a 27% working interest in the Petroleum Exploration License and Petroleum Agreement for Block 2813B (PEL0090), offshore Namibia.Asa per…

Oil Pipeline

Oil Spill Occurs in Nigeria Due to Pipeline Rupture

An oil spill occurred at the Shell loading terminal in Nigeria’s Delta region after a pipeline ruptured, Nigeria’s maritime agency said on 15 Novemb…

Crude Oil

Canadian Oil Producers Forecast Higher Production in 2025

Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand fo…

Oil Refinery

Major Libya Oil Refinery Halts Operations Due to Clashes

A major oil refinery in Zawiya, western Libya, ceased operations yesterday following clashes between local armed groups that caused fires in several storage tan…

Natural Gas

Iran Achieves Record Gas Output at South Pars

Touraj Dehghani announced the milestone, attributing it to the efforts of over 1,500 workers operating 39 offshore platforms and 350 wells across the shared gas…

Natural Gas

Norway’s Nyhamna Gas Output Hit by Power Failure

Two-day outage to reduce gas export capacityDuration and size of outage uncertain, says GasscoShell works to restore capacity as soon as possibleAdds outage ext…

Natural Gas

Morgan Stanley Sells Höegh Evi Stake

Norway’s Höegh Evi is getting a new shareholder. Morgan Stanley Investment Management has sold its 50% stake in Larus Holding, the owner of the float…

LNG

Adnoc Signs 15-Year LNG Agreement With Germany’s EnBW

Adnoc has signed a sales and purchase agreement with German energy infrastructure company EnBW to supply 600,000 tonnes per annum of liquefied natural gas for a…

Hydrogen Technology

Innovation or Scam? Epeu Next Level Presents Hydrogen-Plasma Heating System

Epeu Next Level unveiled a hydrogen-plasma heating system at a recent event in Germany, its home market. It claims the system can easily replace gas boilers in …

Crude Oil

Nigeria’s Oil Sector Gets 30,000BPD Boost

In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, an…

Crude Oil

Oil Holds Weekly Gain After US Signals Tighter Russia Sanctions

Oil steadied after a weekly advance as the US signaled tighter sanctions on Russian crude and Chinese authorities vowed to shore up the nation’s economy.B…

Crude Oil

India’s Crude Oil Imports From Russia Drop 55% in November, Lowest Since June 2022

India's import of Russian crude dropped to its lowest level since June 2022 in November this year, reported the news agency PTI on Sunday, December 15, citi…

Oil Exploration

Oil and Gas Exploration: Bidding Process for Miranshah Block Completed

An official handout said that KPOGCL had launched the bidding phase in June 2024 following the decision of the 51st meeting of the Council of Common Interest.Th…

Oil Refinery

China Nov Refinery Throughput Rises for First Time in Eight Months

China's refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing's economic stimulus measures…

Crude Oil

Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai

Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited&r…