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DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm

OilPrice

billion contract to Strategic Storage Partners, LLChardly a household nameto manage the Strategic Petroleum Reserve (SPR)Americas emergency stash of crude oil. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFPO) on June 15, 2025.

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India Eyes New Sites to Boost Strategic Oil Reserves

OilPrice

India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. Currently, India’s underground Strategic Petroleum… In case of exigencies, we will be better prepared,” Jain said. “In

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Nigeria Sets Higher Oil Production Target

OilPrice

When the new NNPC management visited me, I increased their oil production target to 2.5 million bpd from the initial two million barrels given to them by the President, Nigerias petroleum resources minister, Heineken Lokpobiri told the Sun on the sidelines of the Oil Technology Conference Africa Energy Forum.

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PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum

Rigzone

Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum by Paul Anderson | Rigzone Staff | Tuesday, June 10, 2025 | 2:28 AM EST The contract involves maintenance and upgrades to sustain production levels across offshore assets in the South China Sea.

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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.

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Permian oil producers face higher costs with new saltwater rules

Oil & Gas 360º

This would add to costs, small independent producers and petroleum engineers tell Reuters. After all, if produced water cannot be managed, oil can’t be produced.” The water-to-oil ratio in the Permian is much higher than in other basins. Potentially higher costs of saltwater disposal would be yet another headwind to U.S.

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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.

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