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Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.
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. Given the significant volume of conventional
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.
Crude oil inventories in the United States saw an increase of 1.4 Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data. Analysts had expected a 2.1 Inventory
says PowerTap Hydrogen Fueling, its investee company, has executed a definitive agreement with Humboldt Petroleum Inc., Peninsula Petroleum LLC and Colvin Oil I LLC (collectively, the Andretti Group) to install PowerTap’s modular hydrogen fueling stations this year. Clean Power Capital Corp. – […].
Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 Summary of weekly petroleum data for the week ending March 7, 2025 U.S. crude oil refinery inputs averaged 15.7 crude oil imports averaged 5.5
Weekly Crude Oil Storage as of February 28, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 Summary of weekly petroleum data for the week ending February 28, 2025 U.S. crude oil refinery inputs averaged 15.4 crude oil imports averaged 5.8
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
based oil and gas company Dana Petroleum has terminated the agreement with NEO Energy for the proposed sale of the Western Isles floating, production, storage and offloading (FPSO) vessel
The major oil producers in the Middle East are exporting record volumes of refined petroleum products, reducing the overall impact of their crude production cuts on the market, Reuters reports, citing flow-tracking data and analysts.
In recognition of National Petroleum Day, recognized as August 27, I wanted to take the pulse of the Energy Central Community: what are the new innovative technologies or approaches to the oil sector that you think will be impactful to the utility industry.
The regular general assembly of Nile Petroleum Company was chaired by Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), and was held in the presence of leaders from the Ministry of Petroleum and Mineral Resources and heads of contributing companies to review the companys performance for 2024.
objections, petroleum-rich Gulf countries are capitalizing on cut-rate prices TWSJ BY BENOIT FAUCON AND SUMMER SAID, APRIL 17, 2023 As Russia scours the globe for buyers of its energy products, it is finding eager trade partners in an unlikely place: The oil-rich petrostates of the Persian Gulf. Despite U.S.
Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83
Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Trkiye Pipeline. By John Lee.
For more than 15 years, the SPE Russian Petroleum Technology Conference has established itself as the Russia and Caspian leading gathering to address challenges, deliver improved performance and highlight emerging technologies and practices in global oil and gas exploration and production.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - Southern Region , adding 95 km west of the Diyala River. According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.
Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, has produced first oil from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater development off Malaysia
Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations. The post Romanian Investors Eye Egyptian Oil, Gas Sector first appeared on Egypt Oil & Gas.
It should come as no surprise that the oil and gas industry is attempting to use the current crises of energy security and inflationary prices to its advantage. To that end, the American Petroleum Institute (API) has released a ten-point plan they deem is responsive to these current events. The Institute’s pitch is a ploy.
The oil and gas industry remains a powerhouse in the U.S. According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023. Why Are Oil & Gas Wages So High?
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses
Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 appeared first on Permian Basin Oil and Gas Magazine.
We wanted to get in touch with you regarding our upcoming conference “Oil & Gas Price Forecasting” that will take place on the 22nd & 23th of September 2022, in Berlin, Germany.
Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, has produced first oil from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater development off Malaysia
percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields.
According to an Oil Ministry statement, technical and engineering teams continue to work efficiently to achieve high completion rates, in line with Ministry of Oil directives to expand production and strengthen infrastructure in Iraq's oil fields.
Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah Energy Completes Acquisition of SIPEC appeared first on oilnewsafrica.
The news about Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, signing several memorandums of understanding (MoUs) to advance the country's oil and gas sector marks a significant step in enhancing its energy capabilities.
Eisenhower The state of California is suing five major oil companies – BP, ExxonMobil, Chevron, Shell, and ConocoPhillips – as well as their trade group, the American Petroleum Institute. “The search for a scapegoat is the easiest of all hunting expeditions.” ” — Dwight D.
Yours truly will be holding three panel sessions and two fireside chats at the event with Hardeep Singh Puri, India's Honorable Minister of Petroleum and Natural Gas, and Chris Ashton, Chief Executive Officer of Worley. The three panels will include distinguished industry thought leaders.
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.
What can the petroleum industry do other than turn its product into fuels to burn? In Alberta, the first baby steps include a competition to turn byproducts of its oil sands production into carbon fibre products that can compete with materials such as steel, aluminum, concrete and plastic.
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