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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Pipeline
16-01-2025
Colonial Pipeline’s Main US Gasoline Artery Likely Shut Until Friday
Holding tanks are seen in an aerial photograph at Colonial Pipeline's Charlotte Tank Farm in Charlotte, North Carolina, U.S. May 10, 2021.Colonial Pipeline's main U.S. gasoline artery is expected to remain shut through Friday as the compan
Oil Refinery
15-01-2025
Parliament Discusses Additional Loan Agreement for Mongolian Oil Refinery
The Standing Committee on Economics of the Mongolian Parliament discussed the draft loan agreement between the government of Mongolia and the Export-Import (Exim) Bank of India on January 13.Minister of Industry and Mineral Resources Tuvaan Tsevegdorj pre
Gas Pipeline
15-01-2025
Natural Gas Pipeline Expansion in the Southeast Proposed
A map of the South System Expansion 4 Project, that spans multiple southeastern states.If the South System Expansion 4 Project is approved, it will provide an additional $1.3 billion cubic feet per day of natural gas capacity throughout the Southeast.Land
Crude Oil
15-01-2025
Basrah Crude Prices Surge Over 5% as Oil Markets Recover
Basrah crude oil prices climbed more than 5%.Basrah Heavy crude increased by $3.74, or 5.08%, to $77.30 per barrel, while Basrah Medium crude climbed by $3.79, or 4.94%, to settle at $80.55 per barrel.Oil prices rose on Wednesday, recovering some of the l
Oil Price
15-01-2025
Azerbaijani Oil Prices Decrease
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.97 on January 14 compared to the previous rate, landing at $83.56 per barrel, Trend reports, citing a source in the country's o
Oil&Gas Drilling
19-01-2025
Amid Improved Output, NUPRC Targets 2.1m Bpd Oil Production in 2025
Emmanuel Addeh in Abuja the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the agency has set a minimum production target of 2.1 million barrels of crude oil per day for operators in 2025.The Commission’s Chief Exec
Natural Gas
15-01-2025
Bridport: South Street Closed for Emergency SGN Repairs
South Street is closed for emergency gas repairsPart of a main town road is closed for emergency repairs.A section of South Street in Bridport is closed while work is carried out by SGN.The northbound lane is closed from the junction with Skilling Hill Ro
Oil & Gas Trade
15-01-2025
Shell Pakistan Rebrands as Wafi Energy Pakistan Following Acquisition
A view of a Shell petrol pump.Shell Pakistan Limited has officially changed its name to Wafi Energy Pakistan Limited, effective January 13, 2025.The Securities and Exchange Commission of Pakistan (SECP) issued a certificate of incorporation for the name c
Oil Price
15-01-2025
Oil Little Changed as Falling US Stockpiles Outweigh Soft Demand Outlook
Crude oil production in KazakhstanOil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent support amid forecasts for lower
Oil Price
15-01-2025
EIA Expects Oil Prices to Be Under Pressure From Oversupply in 2025, 2026
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023.Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy In
Natural Gas
15-01-2025
Exxon Makes Natural Gas Discovery in Mediterranean Sea off Egypt
Exxon Mobil Corp. discovered natural gas off the coast of Egypt after successfully drilling an exploration well in the Mediterranean Sea.Exxon completed the Nefertari-1 well in the North Marakia Block, which is located about five miles off Egypt&rsquo
Crude Oil
15-01-2025
Guyana Exported 225 Crude Cargoes in 2024
Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020.Guyana exported 225 cargoes of crude oil in 2024, its energy min
Natural Gas
15-01-2025
Investors, IPPs See Opportunities in Natural Gas Generation
The Nueces Bay natural gas-fired plant.With lucrative renewable tax credits and rising electricity demand forecasts, the U.S. power market remains highly desirable for international investors.The latest action took place this week, when a subsidiary of th
Natural Gas
15-01-2025
Marcos Signs Into Law Bill Promoting Development of PH Natural Gas Industry
President Ferdinand ''Bongbong'' Marcos Jr. has signed into law the measure promoting the development of the Philippine Natural Gas Industry.Signed on January 8, Republic Act No. 12120 will promote natural gas as a safe, ef
LNG
18-01-2025
Sailing Green: James Fisher Books LNG Dual-Fuel Tanker Quartet in China
As disclosed, the steel cutting took place in November 2024, with the handover of the first tanker anticipated for the end of 2025.Owing to their LNG/dual-fuel propulsion capability, the vessels are projected to achieve minimal operational carbon dioxide
Oil&Gas Drilling
14-01-2025
BP Eyes First Gas Months Earlier With Subsea Ops Already Underway, as Valaris Rig Moves to Next Well
Valaris DS-12 drillshipUK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month. To this end, subsea commissioning operations are ongoing within the Egyptian Exclusive Economic Zone (EE
LNG
18-01-2025
Carnival’s LNG-Powered Cruise Ship Duo to Feature Silverstream’s ALS
The world’s largest cruise company Carnival Corporation & plc has commissioned the UK’s cleantech company Silverstream Technologies to install its air lubrication system (ALS) on another duo of Excel-class cruise ships powered by l
Crude Oil
18-01-2025
Valeura Posts Record Oil Production in Q4
Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.Valeura Energy Inc. has said its oil production average hit a record high in the fourth quarter of 2024, with oil sales surpassing production volumes.
Oil Price
14-01-2025
Azerbaijani Oil Price Surpasses $84
A barrel of Azeri Light crude rose by $2.67, or 3.51 %, reaching $84.53 on Tuesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April 21, 2020, while its highest price was $149.66 per barrel in July 2008.
Oil Refinery
18-01-2025
Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products
One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last November is ‘blending’, as many accused the state-owned company of not being tra
Oil Price
14-01-2025
Oil Hits Four-Month High in Boost for Budget
The price of Brent crude, Nigeria’s benchmark grade, extended gains for a third session on Monday, rising above $80 a barrel to its highest in more than four months, driven mainly by wider United States sanctions on Russian oil and their expecte
Oil Field
14-01-2025
Atlas Announces First Commercial Sand Delivery From Permian, Enhancing Oilfield Logistics
Atlas Energy Solutions Inc. today announced the first commercial delivery of sand off its Dune Express conveyor system in the Permian basin. The sand was originally produced and placed onto Atlas’ Dune Express at its Kermit facility and traveled
Natural Gas
14-01-2025
Geometric Power-NNPC Gas Supply Deal Improves Electricity Supply to Aba
The Southeastern Zone of the Electricity Consumers Association of Nigeria (ECAN) has lauded Aba Power for the radical improvement in recent times in electricity supply to the Aba Ring Fence, which comprises nine of the 17 local government areas (LGAs) in
Crude Oil
14-01-2025
China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field
The history of the Middle East since the 1990s has been in many aspects been defined by China’s need to secure sufficient energy to power its economic growth to rival the superpower status of the U.S., and Washington’s efforts to keep
Crude Oil
14-01-2025
Well Malfunction Causes Bowman County Spill
A malfunction in a well caused produced water and crude oil to spill in Bowman County.State regulators said about 235 barrels of produced water and 15 barrels of crude oil spilled about eight miles southeast of Marmarth.Denbury Onshore notified the state
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Oil Prices Post 3% Annual Decline
