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Crude Oil
Oil & Gas
BP Partnership to Boost ONGC Revenue by $10.3 Billion Over 10 Years
ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields.State-owned Oil and Natural
Oil & Gas
NDDC Seeks Stakeholders’ Cooperation to Develop N’Delta
The Niger Delta Development Commission (NDDC) has urged stakeholders to unite for the development of the oil-rich region. Its Executive Director of Finance and
Oil & Gas
Seplat to Revive 400 Idle Oil Wells, Set to Hit Over 120,000 BPD After Buying Mobil Assets
Nigeria’s Seplat Energy plans to revive 400 idle oil wells to meet its over 120,000 barrels per day crude production in the coming months, the company’s top m
Oil & Gas
Sinopec’s Zhenhai Refinery Says Fire at Its Crude Unit Put Out
China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late on Tuesday had been put out, with no injuries reported.T
Oil & Gas
UK’s Serica Energy Restarts Production at Triton Vessel
UK's Serica Energy (SQZ.L), opens new tab said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed
Oil & Gas
OPEC Oil Production Falls as UAE Leads Supply Cuts
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply
Oil & Gas
Canada’s Suncor Says Oil and Gas Production Rose in Fourth Quarter
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019.Canadian oil and gas company Suncor (SU.TO), opens new tab said on Monday it sa
Oil & Gas
Nigerian Govt Targets 3M Bpd Oil Production by 2025 – Lokpobiri
The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day, bpd, in crude oil productio
Oil & Gas
Oil up Over Strong Economic Data From China, Weakening Us Dollar
Chinese authorities approve record fiscal stimulus package of 3 trillion yuan to boost economy, contributing to market optimism over future oil demandOil prices
Oil & Gas
Chinese Energy Giant Exceeds 20 Mln Tonnes of Oil, Gas Output in 2024
Shaanxi Yanchang Petroleum (Group) Co. (YCPC) in northwest China has achieved a major milestone in the country's energy sector, shattering its own productio
Oil & Gas
Nigeria’s 2 Million Bpd Oil Production Target Under Threat
The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors r
Oil & Gas
US Crude Oil Stocks Fall for Fifth Straight Week
US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.Data released today, Dec. 27, by the US Energy
Oil & Gas
RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9
Oil & Gas
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Econo
Oil & Gas
Crude Oil Futures Rise on Spot Demand - PTI
Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets.Crude oil prices on Mon
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Turkmenistan Expands Oil Production at Uzynada Field
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EIA Confirms Turkmenistan’s Rising Oil Reserves
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Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures
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Iran Clears Oil Spill in Northern Gulf Region
