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Oil Price
Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO
OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not …
Oil Exploration
China, Philippines to Negotiate Oil and Gas Exploration Talks in South China Sea
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime difference…
Energy Investment
U.S. Oil Majors Focus On Cost Discipline in Spending Plans
As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil project…
LNG
Gazprom JV Sues Linde Over Stalled LNG Project
A court in St. Petersburg has frozen the Russian assets of industrial gases and engineering giant Linde, which is being sued by a Gazprom joint venture over a s…
Energy Subsidies
Only N3.36 Trillion Has Been Earmarked for Fuel Subsidy in 2023 Budget – Finance Minister
Nigeria’s Minister of Finance, Mrs Zainab Ahmed, has revealed that only N3.36 trillion was earmarked for fuel subsidy in Nigeria’s 2023 budget.She d…
Oil Exploration
First Oil Flows Into Jack-up Rig After It Gets New Lease on Life as Mopu
India’s government-owned company Oil & Natural Gas Corporation (ONGC) has welcomed the first oil flowing into a jack-up rig, which was recently converted …
LNG
Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria
President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adv…
Oil & Gas Trade
FPSO Gets More Time With Eni Off Nigeria
While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage a…
Crude Oil
Energy outlook: Oil making a comeback in 2023, says WoodMac
With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023…
Oil Price
Oil Swings on First Trading Day of 2023 Amid Demand Concerns and IMF Recession Warning
Fund's managing director says the global economy faces 'a tough year, tougher than the year we leave behind'IMF chief Kristalina Georgieva repeated an earlier w…
Natural Gas
U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…
Oil & Gas Trade
Bintai Kinden Expands Further into O&G
Company's 51%-owned sub-subsidiary, Bintai Energy, awarded RM4.0 million subcontracts by Petro Flanges & Fittings and received licenses from Petronas to sup…
Power Construction
10 Near-Term Global Power Sector Trends
While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. Th…
Natural Gas
Eastern Kazakh Natural-Gas Supply To China Halted
Workers walk near oil pumps at the Uzen oil and gas field in the Mangistau region of Kazakhstan. (file photo)Officials in an eastern Kazakh region say gas expor…
Crude Oil
Venezuela Loads Crude Under Eased Sanctions
Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevr…
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