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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Field
21-01-2025
Iraq Declares Discovery of Huge Oil Field
The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil fieldMohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq&
Crude Oil
21-01-2025
Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under President Joe Biden.Trump vowed to bring prices down, fill our strategic reserves up again right to
Natural Gas
21-01-2025
Brightmark RNG Holdings Achieves Landmark First Gas Milestone at 10 Midwest RNG Projects
Brightmark RNG Holdings LLC announced that it has delivered first gas at 10 renewable natural gas (RNG) projects across the Midwest. Brightmark RNG Holdings LLC is a joint venture between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX
Oil Field
21-01-2025
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 successfully activated a new oil well in the Sarir field on 17 January.The well, designated L09
Oil&Gas Drilling
29-01-2025
UK Firm Secures Its Largest Ever Deal for Petrobras Field
Lee Robins, Business Unit Director for Instrumentation, Tracerco.UK-based Tracerco has secured multi-million-pound worth of contracts in Brazil, including the largest project the company has ever undertaken.According to Tracerco, the deal, secured with Te
Natural Gas
21-01-2025
BP Flips Gas Production Switch Back on at Giant Platform off Azerbaijan
Shah Deniz Alpha platform;UK-headquartered energy giant BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.BP temporarily susp
LNG
21-01-2025
Samsung Heavy Industries Secures $261.5 Million LNG Carrier Order
Samsung Heavy Industries marked the beginning of 2025 with its first order of the year for a liquefied natural gas (LNG) carrier.On Monday, the company announced that it had secured an order for an LNG carrier from an Oceania-based shipping company, value
Crude Oil
20-01-2025
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 per day.The Board of Directors of the National Oil Corporation commended the competitive spiri
Natural Gas
20-01-2025
AMGA Partners CNCEC to Drive $20BN Ogidigben Gas Project in Delta State
ln a significant step toward advancing Nigeria’s industrialisation ambitions, Alpha Grip Management Company (AGMC), a subsidiary of UAE-based Alpha Group, has partnered with China National Chemical Engineering International Corporation Ltd. (CNC
Oil & Gas Trade
20-01-2025
China’s Crude Oil Imports From Top Supplier Russia Reach New High in 2024
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins
Natural Gas
20-01-2025
CNOOC Brings Dongfang 29-1 Gas Field Project Online
Dongfang 29-1 Gas Field Development Project.CNOOC Limited and 80883 have announced that the Dongfang 29-1 Gas Field Development Project has commenced production.Located in the Yinggehai Basin, the gas field project has an average water depth of approximat
Oil & Gas Supply
20-01-2025
Algeria: Hydrocarbons - Engine Oil Imports Decline Thanks to Rise in Local Production
Algeria's imports of engine oil have significantly dropped in the past few years thanks to the quality of local production which recorded a substantial increase, because of the investment of several private operators in this fields, the head of th
Natural Gas
29-01-2025
Over 12 Mln in Kazakhstan to Gain Access to Natural Gas in 2025
Above 1,700 km of gas pipelines were built last year to provide more than 300,000 Kazakhstanis with access to piped gas, Kazinform News Agency cites the Energy Ministry’s press service.Gasification of rural settlements will improve people&rs
Crude Oil
20-01-2025
Helmerich & Payne Completes Acquisition of KCA Deutag
Helmerich & Payne, Inc. (H&P or the Company) today announced that it has completed its acquisition of KCA Deutag International Limited (KCA Deutag), establishing a global leader in onshore drilling.President and CEO of H&P, John Lindsay, comme
Oil Price
20-01-2025
Petrol Ex-depot Price Hike: Dangote Refinery Absorbs Logistics Costs for Nationwide Uniform Pricing
Dangote Refinery has announced a five per cent increase in the ex-depot price of petrol from N899.50 to N950 per litre due to a significant rise in global crude oil prices, which surged from $70 to $82 per barrel. This adjustment is lower than the 15 per
Oil&Gas Drilling
20-01-2025
Libya Needs $3-4 Billion to Boost Oil Production, Bidding Round Expected Soon, Oil Minister Says
Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in Tripoli, Libya January 18, 2025.Libya needs between $3 billion and $4 billion to reach
Crude Oil
20-01-2025
Fuel Tanker Truck Blast Kills at Least 70 in Nigeria
At least 70 people were killed and more injured in northern Nigeria on Saturday when a petrol tanker truck overturned, spilling fuel that exploded, the country's national emergency agency said.The accident in Niger state follows a similar blast in
LNG
25-01-2025
With Funds for Louisiana LNG Terminal Secured, Texas Firm Eyes FID in Second Half of 2025
Rendering of the proposed Commonwealth LNG terminal;Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, has obtained funding for its proposed liquefied natural gas (LNG) terminal near Cameron, Louisian
Oil & Gas Technology
25-01-2025
Norwegian Oil & Gas Electrification Story Takes Another Step Forward With Multimillion-Dollar Deal
Hywind Tampen wind farm (on the horizon) powers the Gullfaks and Snorre fields;As Norway’s state-owned energy giant, Equinor, is convinced that electrification is the key to the energy transition, the firm has made a move to progress its offshor
Crude Oil
25-01-2025
Naftogaz Group’s Annual Performance: 83 New Wells, Gas Production at 13.9 Bcm
The relevant statement was made by Naftogaz Group’s press service, an Ukrinform correspondent reports.Naftogaz Group not only maintains stability but also continues to demonstrate growth in gas production. Each day, our team demonstrates resilie
Crude Oil
25-01-2025
EPA Grants West Virginia Class VI Well Primacy
EPA grants West Virginia Class VI well primacyThe US Environmental Protection Agency (EPA) has granted West Virginia primary enforcement responsibility of Class VI wells under the Underground Injection Control Program.The state is the fourth—after Louisia
LNG
19-01-2025
North Slope LNG Plant Work Is Progressing With Startup in April
Work on the construction of a new liquefied natural gas plant on the North Slope is progressing, Harvest Alaska LLC told the board of Interior Gas Utility. Commissioning of the facility is now expected in late February and early March, with startup of the
Oil Refinery
17-01-2025
China’s Vast Refining Sector Faces Shakeout as Fuel Demand Peaks
China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018.Up to 10% of China's oil refining capacity faces closure in the next ten years a
Oil Price
17-01-2025
Oil Up, Heads for 4th Weekly Gain as U.S. Sanctions Hit Supply
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024.Wedoany.com Report-Jan 17, Oil prices rose on Friday and headed towards a fourth consecutive weekly gain as the latest U.S. sanctions on Russia
Natural Gas
19-01-2025
FSEW Completes Decarbonisation Mission With New Natural Gas Trucks
South Wales haulier FSEW has replaced its final four diesel trucks with new Iveco S-Way natural gas vehicles.Its 40-strong fleet of HGVs now includes 35 Iveco S-Way natural gas trucks, all of which cover more than 110,000 miles per year and, it says, offe
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Most views from Oil & Gas
1
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
2
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
3
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
4
Shell Sorry for Buying Russian Crude
5
Oil Prices Post 3% Annual Decline
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Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows
