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Oil&Gas Drilling
National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030
It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total…
Crude Oil
Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project
Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's …
Oil Price
Oil prices rise as tight supply counters expected rate hikes
Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or …
LNG
UAE's ADNOC Gas Agrees $7 Bln-$9 Bln 14-Year LNG Agreement With Indian Oil Corp -Statement
An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File PhotoAbu Dhabi's ADNOC Gas (ADNOCG…
Oil Price
Iran Raises August Light Crude Price to Asia - Source
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for August, a…
Oil&Gas Drilling
Saudi Output Cuts Helping Drive up Global Oil Markets
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude…
Crude Oil
Column: Saudi Output Cut Removes Downside Risk From Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahExt…
Crude Oil
Iraq Takes First Step Towards Becoming the World's Biggest Oil Producer
Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day.Theoretically, I…
Iraq
Iraq to Trade Crude Oil for Iranian Gas to Settle Power Debt -PM
Iraqi Prime Minister Mohammed Shia al-Sudani, attends the Arab League Summit in Jeddah, Saudi Arabia, May 19, 2023. Iraqi Prime Minister Media Office/Handout vi…
Oil&Gas Drilling
Two New Blocks Awarded for Oil, Gas Search
Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Dhaka has been hit hard by a global surge in energy and food prices.—Reuters phot…
Oil&Gas Drilling
Nigeria, Angola Now Africa's Biggest Oil Drilling Markets – Report
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 202…
Oil Price
Iran Exports $19 BN of Crude Oil Jan-May
The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first …
Crude Oil
Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurry…
Crude Oil
Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset w…
Crude Oil
CGX, Frontera Announce Major Oil Discovery off Guyana
The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and…
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