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Oil
Oil Exploration
Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows
Norwegian oil and gas companies plan to drill approximately 37 exploration wells in 2026, an 18% reduction from the 45 wells completed this year, according to a…
Oil Field
New Oilfield Development Project Comes Online Offshore China
China National Offshore Oil Corporation (CNOOC) has commenced production at the Weizhou 11-4 oilfield adjustment and satellite fields development project in the…
Oil Refinery
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
Dangote Refinery announced on Monday that it has the capacity to supply 1.5 billion litres of petrol per month. The company invited the Nigerian Midstream and D…
Crude Oil
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, foll…
Natural Gas
$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
ADNOC Gas has signed a long-term natural gas supply agreement valued at between $3.5 billion and $4.2 billion with EMSTEEL, the UAE's leading integrated ste…
China
CZPC Receives Investment Licence for Zambia Oil Refinery
The Zambia Development Agency (ZDA) has officially issued the investment licence to China Zambia Petrochemical Corporation (CZPC), enabling the immediate start …
Crude Oil
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
Rosneft (ROSN.MM), Russia's leading oil producer, announced on Friday that its net profit for the first nine months of 2025 dropped sharply by 70% compared …
Oil Field
UK Eases North Sea Oil and Gas Licensing for Existing Fields
The UK Government has adjusted its North Sea oil and gas licensing policy in the latest Budget, allowing new production licences where activities are tied to ex…
China
China Exported a Record Amount of Soybean Oil in October
China exported a record 70,877 tonnes of soybean oil in October, primarily to India, according to industry data. Cumulative exports from January to October 2025…
LNG
Venture Global, Tokyo Gas Sign 20-Year LNG Supply Deal
Venture Global announced on Tuesday that it has entered into a 20-year sales and purchase agreement with Tokyo Gas, Japan’s leading city gas supplier. Und…
LNG
Canada’s First Large-Scale Export Project Sends off Another LNG Cargo
LNG Canada, a joint venture comprising Shell, Petronas, PetroChina, KOGAS, and Mitsubishi Corporation, has achieved another key milestone at its large-scale LNG…
Oil Field
Ithaca Signs Farm-in Agreement With Shell for Tobermory Discovery in UK
Ithaca Energy, a UK-based oil and gas operator, has entered into a farm-in agreement with Shell UK. The agreement grants Ithaca Energy a 50% working interest in…
Natural Gas
Equinor Signs 10-Year Deal to Deliver Gas to the Czech Republic
Equinor, the Norway-based energy company, announced on Friday that it has entered into a 10-year agreement to supply natural gas to Pražská plyná…
Kazakhstan
Kazakhstan Poultry Industry Expansion Takes Off
Kazakhstan has significantly advanced its goal of achieving full self-sufficiency in poultry meat, with the domestic production rate for broiler meat reaching 8…
Indonesia
POSCO International to Invest $862 Mln in Indonesian Palm Oil Business
POSCO International has completed a $862 million investment program to establish a fully integrated palm oil value chain in Indonesia, covering plantations, cru…
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