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Oil Price
Crude Oil will Climb Above $70; Energy Security could Reappear on the Radar
Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters
Oil&Gas Drilling
Equinor Gets Drilling Permit for Two Wells in Norwegian North Sea
Equinor Energy has secured approval from the Norwegian Petroleum Directorate to drill wells 35/11-25 S and 35/11-25 A in the North Sea.
Oil&Gas Drilling
Texas Regulator Issues Nearly 800 Drilling Permits
The Railroad Commission of Texas reported late last week that it issued a total of 798 original drilling permits in March 2021, which amounts to 54 more permits…
Oil Exploration
Jordan to Allow Exploration in Nine Hydrocarbon Blocks, Energy Minister Says
The kingdom imports more than 90 per cent of its energy needs and is looking to diversify its mix
India
Praj Industries to Set up Ethanol Plant for Godavari Biorefineries
Praj will expand the existing ethanol manufacturing capacity of the plant to 600 Kilo Liter Per Day, from the existing 400 KLPD.
Crude Oil
Brazil Crude Exports at Eight-Month High in March
Brazilian crude exports climbed to around 1.54mn b/d in March, an almost 17pc increase over February and the highest volume since July 2020.
Oil Price
Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns
Oil prices settled lower on Friday and fell around 2% last week as production increases and renewed COVID-19 lockdowns in some countries, offset optimism about …
Oil Exploration
Eni’s Latest Oil Discovery Could Be Big For Angola
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.
Oil Pipeline
Uganda, Tanzania Sign Oil Pipeline Project Agreement
1,440 km crude oil pipeline will be constructed from Uganda's Albertine region to Tanzanian seaport of Tanga
Oil Price
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after…
Solar Power Plant
UAE’s Taqa Seeks to Shine with Solar Energy Push
State-owned utility introduces sustainability goals as part of the emirates’ drive to wean itself away from oil
Offshore Wind Power
Tokyo Gas to Install 19 Offshore Wind Turbines in Carbon-Free Push
Tokyo Gas Co will install 19 offshore wind turbines near the eastern Japan coast from 2024 as the government moves toward its goal of carbon neutrality by 2050,…
Oil & Gas Trade
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard follow …
Oil Field
Southeast Asia Looks To Increase Offshore Oil Production
Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater dis…
Oil Field
CNOOC Sees Minimal Output hit from China Oil Field Fire
China's state-controlled CNOOC expects a fire at one of its offshore platforms earlier this week to reduce crude production by around 600,000 bl this year.
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