Oil

Crude Oil

DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves

According to him, effective implementation of the MER strategies would deliver greater value overall to all stakeholders.

Oil Price

Oil Slides 4% on China Virus Curbs and Climate Warning

A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suf…

Oil & Gas Conference

The Oil & Gas Conference offers investment professionals the opportunity to listen to the world's key senior management teams present their growth plans and…

Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Crude Oil

Zanganeh: Iran Prepared to Return to Int’l Oil Market

Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the un…

Energy Technology

PNOC Studies Deuterium As Possible Fuel, Power Source

STATE-LED Philippine National Oil Co. said it is in the initial stage of exploring the production of fuel from deuterium.

OPEC

Opec+ Adds Around 700,000 b/d in July

The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.

Oil & Gas Trade

US June Oil Exports Rise, Boosted by India, South Korea

US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.

Oil Exploration

Enersea Inks FEED Deal with Petrogas Offshore Netherlands

Enersea has secured a front-end engineering and design contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.

Crude Oil

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge

Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks

Hydrogen Project

India to Make Green Hydrogen Mandatory for User Industries

Oil refineries and fertiliser manufacturers will be asked to implement the policy immediately after the Cabinet approves the proposal, power and renewable energ…

Oil & Gas Trade

New Zealand's Oil Refinery Set to Convert Into Import Terminal

New Zealand will stop refining crude oil from next year after shareholders in the country's sole refinery greenlighted a plan to convert it to a gasoline-import…

Oil Pipeline

Video: Russia's Former President Medvedev on Nord Stream 2

Russia's former President Dmitry Medvedev has welcomed the US-German agreement on Nord Stream 2 that would pave the way for the completion of the controversial …

Hydrogen Production

Japan's J-Power, Schlumberger Eye Hydrogen from Coal

The carbon dioxide that comes out of the process will be used for enhanced oil recovery.

Oil Price

Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month

The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…