Oil

Crude Oil

Lundin Energy Boasts Carbon Neutral Oil Production

Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Wes…

Electric Car

Amsterdam Expands EV Charging Stations with TotalEnergies

Oil and gas majors continue to play a critical role in accelerating the electrification of the transport sector as the energy transition intensifies.

Crude Oil

Equinor Delays Restart of Brazil Oil Field to 2022

Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interr…

Crude Oil

Mercuria Sees Opec+ Control Keeping Crude Around $70/bl

Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t…

Gas power plant

Wartsila to Set up 30-MW Power Plant for Oil India in Assam

The power plant is scheduled to be commissioned in November 2022

Oil & Gas Trade

ExxonMobil Exit Delay Threatens Baghdad’s Oil Future

Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…

Iran

Why Iran’s Presidential Election is the ‘Most Important Political Milestone’ of 2021 for the Global Oil Market

A victory by front-running hard-liner could slow nuclear talks.

Crude Oil

Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well

The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well

Crude Oil

Minnesota Court Affirms Approval of Line 3 Oil Pipeline

The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute th…

Oil Price

Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth

Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed C…

Oil Pipeline

Merkel Says Discussed with Biden His Upcoming Meeting with Putin, Nord Stream 2

German Chancellor Angela Merkel said on Saturday that she discussed with US President Joe Biden at the G7 summit his forthcoming meeting with Russian President …

Offshore Wind Power

Oil Major BP Joins Consortium Seeking Wind Power off Norway

The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…

Oil & Gas Trade

Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says

Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen

Oil Exploration

Equinor Makes Minor Oil Discovery in North Sea

Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the plann…

Oil&Gas Drilling

Jadestone to Close Maari Field Deal in 2H 2021

Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset.