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Oil & Gas Trade
ADNOC’s Logistics Arm Transfers Tankers to Navig8, Will Cut Some Staff After Takeover
General view of the ADNOC headquarters is seen in Abu Dhabi, United Arab Emirates, December 23, 2018.Abu Dhabi National Oil Company's logistics arm has tran…
Oil Field
Iraq Declares Discovery of Huge Oil Field
The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil fieldMohammed Yassin Hassan, director general of…
Oil Field
New Oil Well Bolsters Libya’s Production Capacity
Libya’s AGOCO Expands Output with New Sarir WellThe Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has successf…
Crude Oil
Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…
Oil&Gas Drilling
Carigali Hess Enlisting Tanjung Offshore’s Maintenance Services
Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a service contract with Carigali Hess Operating Company, a joint venture between …
Oil & Gas Trade
Austria’s OMV Agrees to Supply Romanian Gas to Germany, Sources Say
The logo of Romanian integrated oil company OMV Petrom is pictured outside its headquarters in Bucharest, Romania, March 28, 2019.Austria's OMV has struck a…
Oil & Gas Trade
US Gulf Coast Fuel Oil Imports Hit Record Low as Latam Deliveries Slow
A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.Fuel oil deliveries into America's largest refining …
Oil&Gas Drilling
SOCAR Enhances Safety Measures Amid Unstable Weather Conditions
Due to the sharp changes in weather conditions, including windy and unstable weather across the country, the "Azneft" Production Association of the State Oil Co…
Oil&Gas Drilling
Repsol Resumes Exploration Drilling in Libya After a 10-Year Hiatus
Libya’s state National Oil Corporation (NOC) reported yesterday (31 December 2024) that Spanish oil company Repsol has resumed exploration activity in the…
Oil Price
Brazil’s Petrobras Raises Jet Fuel Prices by Around 7% in Key Markets
The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019.SAO PAULO, Brazilian state-run o…
Iran
Iran Increases Oil Production by 250,000 B/D
Iran is increasing oil production by additional 250,000 b/d, ABC.AZ informs, quoting Iranian Oil Minister Mohsen Paknejad.At the end of November, Hamid Bovard, …
Crude Oil
Venezuela Sends Crude to India in New Deal
A high-seas oil tango is back on between Venezuela's state oil company PDVSA and India’s Reliance Industries, rekindling a swap arrangement paused by …
Crude Oil
Oando Raises Oil Production Output by 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months.It said the achievement followed the acquisition of Nigeri…
Brazil
Petrobras initiates FPSO bid for Sergipe Deep Waters project in Brazil
Brazilian state-owned oil company Petrobras has commenced the procurement process for up to two FPSO units for the Sergipe Deep Waters (SEAP) project in the Ser…
Geothermal Heating Project
SOCAR Green Makes Key Deals for Geothermal Potential Evaluation in Azerbaijan
SOCAR Green, the green energy subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), has signed two key deals along the sidelines of the COP29 …
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