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Oil
Oil Price
Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery i…
Crude Oil
Iran, Iraq Discuss Oil Cooperation
Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the o…
Oil&Gas Drilling
Oil Rigs Disappearing Across Africa at a Record Pace
Low oil prices are forcing drillers to dramatically curtail risky exploration, especially in frontier regions such as Africa.
Africa Energy
West African LNG Exports Resilient Despite Coronavirus Impact
In the face of economic turmoil triggered by the coronavirus pandemic, exports of LNG from West Africa's four producers have shown some resilience.
Oil & Gas Trade
India's May Crude Oil Imports Post Biggest Decline Since at Least 2005
India's crude oil imports in May fell 22.6% from a year earlier, the biggest drop since at least 2005.
Oil Price
Rising Diesel Prices Set New Record
Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth t…
Oil&Gas Drilling
Norway Offers 36 Oil Exploration Blocks in Already Opened Areas
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.
Oil Field
Triangle Shuts in Production from Two Cliff Head Wells
Australia-based oil producer Triangle Energy has shut-in production from two wells on its Cliff Head oil field located offshore Australia.
Wintershall Noordzee Starts Gas Production from Second Sillimanite Well
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom, has started gas production from its second B2 production well at the Sillimanite field off…
Crude Oil
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Crude Oil
U.S. Oil Dominance is Coming to an End
The U.S. tight oil or shale rig count has fallen 69% this year from 539 in mid-March to 165 last week.
Oil & Gas Trade
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…
Oil & Gas Trade
OPEC to Host Technical Workshop for 60th Anniversary
The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary…
Oil&Gas Drilling
Equinor Approved to Use Transocean Norge for Exploration Drilling in the Norwegian Sea
The Norwegian oil safety authority has agreed to allow Equinor to use TransoceanNorge to plug and drill the 6407/1-a-3bh /CH well.
Africa Energy
Nigeria Plans to Tender 57 Marginal Oil Fields
The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oi…
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