Reliance Likely To Move Dubai Crude Team To India In Global Trade Rejig
Wedoany.com Report-Oct 25, Indias Reliance Industries Ltd, operator of the worlds biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil tradin...
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Wedoany.com Report-Oct 25, Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expecta...
Nigeria: Why Nigeria's Oil Reserves Are Not Growing - Minister
"For the past few years, Nigeria hasnt actually done much on exploration and that is why our reserves are not growing," Mr Lokpobiri said. The Minister for State, Petroleum Resources (Oil), Heineken L...
More Rig Market Consolidation On The Cards As Transocean And Seadrill Ponder Merger
Wedoany.com Report-Oct 25,Media speculation is running high following reports that the two offshore drilling players have engaged in initial talks regarding the possibility of merging their assets to ...
SBM Offshore Sells Partial Stake In Brazilian FPSO To Chinese Player
Wedoany.com Report-Oct 25,The divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Ho...
South Sudan Official Says To Resume Pumping Oil Through Sudan In A Few Days
South Sudan will resume pumping crude oil for export through a port in neighbouring Sudan within a few days, a South Sudanese government official told Reuters on Thursday, following repairs to a key p...
Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week
Wedoany.com Report-Oct 24, Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX production s...
Yinson Production Finalises Sale Of 11.8% Stake In FPSO Anna Nery
Wedoany.com Report-Oct 24, Yinson Production has finalised the sale of an 11.8% stake in Yinson Boronia Consortium, which completely owns the floating, production, storage and offloading (FPSO) vessel...
Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure
Wedoany.com Report-Oct 24,Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its full-year outlook...
India's Diesel Consumption To Rise 3%-4% In Current Fiscal Year, Says Indian Oil Chair
Wedoany.com Report-Oct 23, Indias annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V. Satish Kumar, chairman of Indian Oil Corp (IOC) (IOC.NS), opens...