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Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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
Natural Gas
17-01-2025

Federal Gov’t Grows Cng Refuelling Capacity by 180%
The federal government has increased its Compressed Natural Gas (CNG) refuelling capacity by 180 per cent, as part of its ongoing initiative to expand CNG infrastructure within the country.Chief executive officer of the Nigerian Midstream and Downstream P
Oil & Gas Trade
17-01-2025

Sri Lanka Signs Landmark $3.7bn Deal with Chinese State Oil Giant
Chinese President Xi Jinping (right) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025.Wedoany.com Report-Jan 17, Sri Lanka has secured its biggest-ever
Oil Refinery
17-01-2025

Dangote Refinery Projects 650,000BPD June, Plans Crude Import
The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production at the $20bn Lekki-based facility.Officials at the plant said the facility has ramp
United Kingdom
17-01-2025

BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
The company has stopped or paused 30 projects since last June.BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the Londo
Oil&Gas Drilling
17-01-2025

Biden Administration Moves to Protect More of Alaska Refuge From Drilling
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023.Wedoany.com Report-Jan 17, President Joe Biden's administration on Thursday moved to put more of Alaska's Arctic National Wildlife Refuge off
Natural Gas
16-01-2025

Adnoc Gas to Turn Methane Into Graphene and Hydrogen in Sustainable Energy Push
Graphene is collected within part of Levidian's Loop system, which splits methane into atoms of hydrogen and carbon.Wedoany.com Report-Jan 16, Adnoc Gas, in partnership with Baker Hughes, is to use technology at its Habshan Gas Processing Plant th
Oil Price
16-01-2025

Azerbaijani Oil Moves Upwards in Price
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta grew by $1.22 on January 15 compared to the previous rate, reaching $84.78 per barrel, Trend reports, citing a source in the country's oil and
Natural Gas
16-01-2025

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 an important achievement in the Al-Hatiba field by exceeding its production of 100 million
Oil Shale
16-01-2025

China’s Major Shale Gas Field Puts Into Operation 15 New Wells
Technicians check equipment at a gas gathering and transmission station of the Fuling shale gas field in Fuling, southwest China's Chongqing, Sept. 21, 2023.The Fuling shale gas field, located in southwest China's Chongqing Municipality, h
Gas Power Stations
19-01-2025

Feedback Sought on SA Gas-Fired Power Station Closure
The Net Zero Economy Authority has opened consultation on the Torrens Island Power Station, which is set to close in June 2026.This consultation process is part of an assessment led by the Net Zero Economy Authority to determine if the Energy Industry Job
Crude Oil
16-01-2025

Chevron Says No Commercial Oil, Gas Found at Namibia Exploration Well
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022.Chevron (CVX.N), opens new tab said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia&a
Oil Field
16-01-2025

New Oil Reserves Identified in Xinjiang’s Tarim Basin, Signaling Vast Potential
China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China Geological Survey said Wednesday.The discovery was made through joint research conducted by the
Crude Oil
16-01-2025

US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019.U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports
Natural Gas
16-01-2025

Shell to Halt Spain Gas Trading, Relocate Staff
A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022.Shell (SHEL.L), opens new tab plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco
LNG
16-01-2025

Trump’s Energy Department Pick Calls for More LNG and Nuclear Power
Chris Wright, U.S. President-elect Donald Trump’s nominee to be secretary of energy, testifies during a Senate Energy and Natural Resources Committee confirmation hearing on Capitol Hill in Washington, U.S., January 15, 2025.Chris Wright, Presid

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Oil Prices Post 3% Annual Decline