South Korea Says It May Consider Additional Oil Tax Cut
Wedoany.com Report-Oct 28, South Korea is experiencing minimal economic impact following Israels retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volat...
India's Oil Demand May Revive Amid Festivals And Elections, Shows S&P Global Commodity Insights
Wedoany.com Report-Oct 26,Demand for oil products in India through the October-December quarter is expected to get a boost from festivals, agricultural activities, recovering from a few months of subd...
SBM Offshore’s Behemoth FPSO Steps Into Brazil To Work At Petrobras’ Mega Deepwater Field
Wedoany.com Report-Oct 26,The Netherlands-based SBM Offshore is closing in on the first oil from its new floating production, storage, and offloading (FPSO) unit as the vessel has reached Brazilian wa...
UK Likely To Unlock £10 Billion Worth Of North Sea Oil & Gas With Encouraging Fiscal Regime, Woodmac Finds
Wedoany.com Report-Oct 26, Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an additional &p...
Azerbaijani Oil Price Exceeds $76
Wedoany.com Report-Oct 26,The price of a barrel of Azeri Light crude oil increased by $1.31, or 1.7%, reaching $76.63. Azeri Light crude saw its lowest price on April 21, 2020, at $15.81 per barrel, w...
US Oil/gas Rig Count Steady This Week, Pennsylvania Falls To 17-year Low, Baker Hughes Says
Wedoany.com Report-Oct 26, U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling to a 17-year low in Pennsylvania, energy services firm Baker Hughes...
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 ...