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Oil corp
Oil & Gas Trade
ADNOC Gas Signs 14-Year LNG Agreement With Indianoil for up to $9 Billion
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liq…
Crude Oil
Libya’s NOC Unveils Self-Reliance
Strategic shift focuses on homegrown technologiesThe National Oil Corporation (NOC) unveiled its 2025 strategic plan on Wednesday, prioritising increased oil pr…
Oil Field
New Oil Well Bolsters Libya’s Production Capacity
Libya’s AGOCO Expands Output with New Sarir WellThe Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has successf…
Crude Oil
Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…
Natural Gas
More Than 100 Million Cubic Feet of Natural Gas Produced by Sirte Oil for the First Time: NOC
Libya’s state National Oil Corporation (NOC) announced last Tuesday (14 January) that Sirte Oil and Gas Production and Manufacturing Company has achieved …
Oil&Gas Drilling
Repsol Resumes Exploration Drilling in Libya After a 10-Year Hiatus
Libya’s state National Oil Corporation (NOC) reported yesterday (31 December 2024) that Spanish oil company Repsol has resumed exploration activity in the…
Libya
Libya’s Oil Production Surpasses Annual Target
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an add…
Oil Field
China’s CNOOC Brings Bohai Sea Oil Field on Stream
Illustration (Credit: CNOOC)China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oil…
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
Gas Prices Rise for Eighth Week Straight
The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday.The average gasoline …
Crude Oil
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, …
Oil & Gas Trade
Italy’s Eni, BP Resume Onshore Drilling In Libya After 10-year Hiatus
Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya’s national oil corp…
Oil Field
Chinese Giant Brings Another Oil Development Project Online in South China Sea
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has started production from an oilfield development project in the South C…
China
CNOOC Sees Record Oil and Gas Output From Independent Field
China National Offshore Oil Corporation (CNOOC) has revealed a record cumulative production of nine billion cubic metres (bcm) of natural gas and more than 900,…
Oil & Gas Trade
CNOOC’s Bozhong 19-2 Oilfield Project Starts Production
Photo from CNOOCIt is expected to reach a peak production of 18,800 barrels.China National Offshore Oil Corporation (CNOOC) has commenced production at its Bozh…
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