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Getting ready for India Energy Week 2025

Oilholics Synonymous Report

The Oilholic is delighted to be back in Delhi ahead of India Energy Week 2025 as the world's second-largest of crude oil importer and a leader in renewables opens its doors to the global energy community. The week-long event - being held from Feb 11 to 14, 2025 - will showcase India's energy sector and its potential.

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Africa’s oil and gas investment to hit $43 billion in 2025

Oil & Gas 360º

Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment decisions (FIDs), the chamber said in its State of African Energy 2025 Outlook Report.

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EIA Forecasts Continued Increasing USA Crude Oil Production in 2025, 2026

Rigzone: News

crude oil production forecasts in its January short term energy outlook. Energy Information Administration revealed its latest U.S.

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USA Will See Least Crude Oil Net Imports in a Year Since 1971 in 2025

Rigzone: News

The EIA noted in its December STEO that a combination of increasing domestic crude oil production and decreasing U.S. refinery runs means reduced net imports of crude oil next year.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Engineering and construction activities for the Structure A platform are already underway, with offshore drilling set to begin in the first half of 2025.

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Murphy Oil to acquire BW Pioneer FPSO in Gulf of America for $125 million

Oil & Gas 360º

The gross purchase price is $125 million, subject to customary closing adjustments, and includes an initial approximate $100 million payment upon delivery by the end of first quarter 2025. The remaining balance will be due when certain contractual obligations are met, which is expected by the end of second quarter 2025.

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Driving home for Christmas. (petrol prices edition)

Oilholics Synonymous Report

That's because crude oil prices are at their lowest for nearly three years too, owing to lower demand (mainly from China), higher supply (largely from the US) and a stronger dollar (courtesy of the US Federal Reserve). Keep reading, keep it here, keep it 'crude'! On that note, it's time to take your leave for the festive week.

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