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Oil & Gas
Iraq Expects Oil Prices to Reach $80/bbl - State News Agency
Iraqi expects oil prices to reach $80 per barrel.
Oil & Gas
Crude Oil Prices Steady Near Multi-Year Highs
Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.
Oil & Gas
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Oil & Gas
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Energy Economy
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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
Oil & Gas
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 & Gas
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
Video
Video: Uganda, Tanzania Sign a Deal to Construct Longest Heated Crude Oil Pipeline
Uganda and Tanzania have signed a deal that will mark the start of the construction of the longest heated crude oil pipeline in the world.
Oil & Gas
Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next fiv
Oil & Gas
Keystone Pipeline Cancelled After Biden Blocks Permit
Construction on pipeline began last year when former president Donald Trump revived the long-delayed project
Oil & Gas
Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the
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