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IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption
The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. ReutersThe International Energy Agency has revised down it…
LNG
Canada 'Not Interested' in Investing in LNG Facilities, Energy Minister Says
Canada's Minister of Energy and Natural Resources Jonathan Wilkinson speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa, On…
Oil&Gas Drilling
Chinese Oil Major CNOOC to Begin Talks on Angola Oil Exploration
Chinese oil major CNOOC (0883.HK), opens new tab is sending a group of senior executives to Angola for talks on oil exploration opportunities, the Angolan oil a…
Oil Exploration
Exxon-Led Group Strikes New Oil and Gas Discovery off Guyana
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil (XOM.N), o…
Oil Exploration
FG Eyes 2.5 Million Barrels Daily Oil Production
Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/…
LNG
United States Primed to Spearhead Africa's Liquefied Natural Gas (LNG), Floating Liquefied Natural Gas (FlNG) Expansion
As Africa looks to develop its gas for domestic and export markets, the U.S. is honing in on LNG as a critical investment avenue, alongside traditional oil expl…
Oil&Gas Drilling
India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, t…
Crude Oil
Totalenergies Restarts Port Arthur, Texas, Crude Units -Sources
TotalEnergies (TTEF.PA) on Friday restarted the large crude distillation unit (CDU) and large vacuum distillation unit (VDU) at its 238,000 barrel-per-day (bpd)…
Oil&Gas Drilling
CNOOC Limited Announces MERO2 Project Commences Production
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.Mero,…
Oil Exploration
Nigeria Aims to Raise Oil, Condensates Output to 2.6 Mln Bpd by 2026
Nigeria's upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, an ambiti…
Oil Pipeline
Williams to Buy Natural Gas Storage Assets for $1.95 Bln
Pipeline operator Williams (WMB.N) said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 b…
Oil&Gas Drilling
Uganda Extends Oil Exploration Licence for Nigeria's Oranto by Two Years
Uganda's oil ministry said it has granted Nigerian firm Oranto Petroleum Limited a two-year renewal of an oil exploration licence for two blocks located in …
Oil Exploration
Türkiye's Oil Production in Eastern Region Breaks Record With 30,000 Barrels per Day
ANKARATürkiye's daily oil production in the Gabar region of southeastern Sirnak province has reached 30,000 barrels, the country's state-owned oil …
Oil Exploration
Bangladesh Puts to Use China-Built Crude Oil Offloading Facility - Official
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly r…
Oil Exploration
Kuwait's Al-Zour Refinery Put Into Full Production
Bringing online the third of the three mini refineries will gradually take the capacity to 615,000 bpd.Kuwait’s mega Al-Zour refinery is now fully operati…
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