OilPrice

JUNE 19, 2025

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.

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OilPrice

JUNE 30, 2025

African countries have recently started making more and more headlines with their plans to develop local oil and gas reserves despite strong opposition from foreign environmentalist organisations and international lenders. The latest to join the oil and gas club is Sierra Leone. And it has big plans for its hydrocarbons.

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OilPrice

JUNE 16, 2025

The conflict appears likely to be contained and…

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OilPrice

JUNE 9, 2025

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin. Tullow Oil and its minority partners sought to develop the South Lokichar project…

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OilPrice

JUNE 25, 2025

China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year.

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OilPrice

JULY 2, 2025

Supermajors ExxonMobil, Chevron, TotalEnergies, and Eni are competing in Libya’s first oil bid round in 18 years, ‏Masoud Suleman, chairman of Libya’s National Oil Corporation (NOC), told Bloomberg in an interview published on Wednesday.

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OilPrice

JUNE 15, 2025

A total of 93 oil and gas firms made it in the latest edition of the Forbes Global 2000 rankings of the world’s largest public companies. Forbes’ Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets, and market value, and all these have reached record highs this year.

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Oil & Gas 360º

JULY 7, 2025

(Oil Price) – A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I

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Oil & Gas 360º

JUNE 25, 2025

(Cowboy State Daily) – A revolution in drilling technology is transforming Wyoming’s Powder River Basin, turning what was once an economically challenging oil play into a more promising frontier, according to energy insiders and locals watching it unfold. one of Wyoming’s top oil producers, is pushing that envelope.

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OilPrice

JUNE 24, 2025

removed the longstanding waivers that allowed Iraq to keep importing electricity and gas from its neighbour to power 40% of its grid and rolled out new sanctions aimed at cutting Baghdad’s… In the weeks leading up to the Western-backed Israeli attacks on Iran, the U.S.

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OilPrice

JULY 9, 2025

India is looking to strengthen its domestic oil and gas exploration and supply with the biggest-ever acreage up for grabs under the Open Acreage Licensing Programme (OALP) Round X.

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Oil & Gas 360º

JULY 11, 2025

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1

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OilPrice

JULY 14, 2025

Occidental Petroleum Corporation expects its oil and gas production in the Gulf of Mexico for the second to have been lower than previously guided due to curtailments, while lower oil prices reduced realizations from sales. Occidental’s Gulf of America…

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OilPrice

APRIL 24, 2025

Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. In March, Russian revenues from oil and gas plunged by 17% from Russias revenues from hydrocarbons are set to be about $11.6

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Oil & Gas 360º

JUNE 23, 2025

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

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Oil & Gas 360º

JULY 14, 2025

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. The country aims to boost its current oil production of about 1.1

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OilPrice

APRIL 18, 2025

Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024. Natural gas reserves in Pakistan remained relatively flat last year compared to the gas reserve estimate for 2023.

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OilPrice

MAY 7, 2025

Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09

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OilPrice

JULY 14, 2025

The Kingdom, the world’s top crude oil exporter, wants to develop all forms of energy, diversify its economy from oil, and replace oil in power generation with renewables and natural gas. The Saudis are not abandoning their primary role in global oil production and supply. In one of the latest…

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OilPrice

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period.

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OilPrice

MAY 28, 2025

Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday. Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund.

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OilPrice

APRIL 3, 2025

Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and natural gas importer. But natural gas demand is only going up, and its expected to continue growing for decades.

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Oil & Gas 360º

JULY 11, 2025

(Oil Price) – Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output and stronger refining margins. Brent oil prices averaged $67.88 BP is not the only supermajor to have warned that the lower oil prices in the second quarter would hurt profits.

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OilPrice

MARCH 10, 2025

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

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Oil & Gas 360º

JUNE 16, 2025

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

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OilPrice

MAY 27, 2025

Investments in Norways oil and gas sector are set to hit a record high this year, led by increased investments in operating fields, Statistics Norway said on Tuesday in its latest survey of companies investment plans. billion (269 billion Norwegian crowns), up by 6% compared to the estimates in the previous quarter.

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OilPrice

MAY 16, 2025

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country. North African and Middle Eastern countries often turn to oil and direct crude burn for power generation, especially with spiking demand for

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OilPrice

JULY 9, 2025

Saudi Aramco is in advanced talks to acquire 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the U.S.-based The potential deal would further cement Aramco’s push into the global LNG market as it accelerates efforts to diversify beyond crude oil exports.

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Enverus

JUNE 6, 2025

As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ The following blog is distilled from Enverus Intelligence® Research (EIR) publications. Watch Now 2.

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OilPrice

APRIL 26, 2025

Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobagos energy sector. Trinidad and Tobago has steadily been developing its fossil fuel potential in line with regional growth.

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OilPrice

JUNE 18, 2025

Tokyo Gas, the biggest city gas supplier in Japan, doesn’t import LNG from Middle Eastern exporters so its supply of the super-chilled fuel is not being directly impacted by the Israel-Iran conflict, a top executive said on Wednesday. Japan is the world’s second-biggest LNG importer after China.

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Rigzone

JUNE 23, 2025

Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

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OilPrice

JULY 2, 2025

Earlier this year, Equinor quietly walked away from the Bass Offshore Wind Energy project near the coast of Tasmania, as the oil and gas giant reduced its investments in renewables to boost returns for shareholders and adapt to an “uneven energy transition.”

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Oil & Gas 360º

JUNE 23, 2025

Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025.

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OilPrice

JUNE 18, 2025

Woodside Energy, Australia’s top independent oil and gas producer, has signed a preliminary long-term deal to supply Malaysia’s state giant Petronas with LNG from its global portfolio, including from the planned Louisiana LNG project in the United States.

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OilPrice

MAY 13, 2025

The worlds biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Robot Dogs, AI Drones Oil and gas firms use robot dogs and AI-enabled drones for inspections at operating assets,

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OilPrice

MARCH 29, 2025

Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons.

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