article thumbnail

Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan 

OilPrice

Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. This encompassed the KRI, much of the rest of Iraq under the control of its Federal Government

Operator 270
article thumbnail

Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

OilPrice

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week.

Oil 229
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK Oil & Gas: Too Legit to Quit, Even for Labour

OilPrice

When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. In early February, a Scottish court ruled the previous governments approval of two new oil and gas projects in the North Sea unlawful.

Oil 239
article thumbnail

Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

Oil & Gas 360º

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.

Oil 233
article thumbnail

Kazakhstan Set to Cut Oil Exports Via Caspian Pipeline

OilPrice

Kazakhstan will reduce the flow oil crude via the Caspian Pipeline Consortium by as much as 70% this month, a senior government official told local media. To date, there have been no reductions in oil transportation through the CPC infrastructure from Kazakhstan.

Pipeline 193
article thumbnail

Alberta government says premier in talks with potential overseas heavy oil buyer

BOE Report

CALGARY – The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

article thumbnail

Indonesia Bets Big on Oil With $12.5 Billion Refinery Gamble

OilPrice

Indonesia is going all-in on oil with a massive $12.5 The government announced plans for the 531,500-barrel-per-day facility, making it one of the largest in the regionbecause when youre an economy growing as fast as Indonesias, relying on imports just isnt cutting it anymore.

Refinery 215