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Oil & Gas
Guyana Estimates Future Oil Production At 1 Million Bpd
Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in
Oil & Gas
WoodMac: Oil Prices Could Drop To $10 In 2050
Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement c
Oil & Gas
BP Halts Production at UK's Foinaven Crude Field
BP said today it has suspended production indefinitely at the Foinaven crude fields west of Shetland as it prepares for the removal of the ageing floating produ
Oil & Gas
U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels
The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barr
Oil & Gas
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
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 & Gas
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 & Gas
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 & Gas
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 & Gas
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 & Gas
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.
Oil & Gas
UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister o
Oil & Gas
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem
Oil & Gas
Oman Oil Exports Stage Strong Rebound in March
Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.
Oil & Gas
OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts
Oil prices gave up earlier gains and turned lower as of 11:39 a.m.
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