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The 9 Most Important Oil & Gas Pipelines in the World

OilPrice

they handle nearly 70% of all petroleum shipments, or over 14 billion barrels annually, without the headlines or volatility of seaborne trade. Pipelines are the unsung backbone of the global energy system–quietly moving billions of barrels of oil and trillions of cubic feet of gas with unmatched efficiency, reliability, and scale. In the U.S.,

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India Launches Largest-Ever Offshore Exploration Tender

OilPrice

The focus is clearly on further enhancing and strengthening domestic E&P efforts,” Minister of Petroleum and Natural Gas, Hardeep Singh Puri, posted on X while visiting an offshore industry event in Bergen, Norway.

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Kazakhstan to Triple Fuel Exports by 2040 in $20 Billion Refining Push

OilPrice

Kazakhstan has unveiled an ambitious new energy strategy that will triple its petroleum product exports by 2040, with refined fuel volumes set to hit 39 million tons per year, up from 17 million now, with export share rising to 30% of total output.

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New Baltic Find Could Be Poland’s Largest Oil Discovery Ever

OilPrice

Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade.

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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

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.

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Shell Greenlights Egyptian Gas Project to Bolster Domestic Supply

OilPrice

The announcement, made jointly with Kuwait Foreign Petroleum Exploration Company (KUFPEC), comes as Egypt struggles with LNG import dependence and declining output from legacy fields. The project, first disclosed on July 23, was further detailed Friday by Shell and industry sources.…

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US Crude Inventories Draw Down While Prices Fall

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, noting that inventories declined by 577,000 barrels in the week ending July 18. So far this year, crude oil inventories are up 11 million barrels, according to Oilprice calculations of API data.