SK Innovation’s Oil Exploration Subsidiary Continues to Expand Southeast Asian Businesses
Wedoany.com Report-Jan 8，SK Earthon, an oil exploration subsidiary of SK Innovation, on Wednesday said that it has successfully discovered crude oil in the 15-2/17 block off Vietnamese shores. The disc...
Seplat to Revive 400 Idle Oil Wells, Set to Hit Over 120,000 BPD After Buying Mobil Assets
Wedoany.com Report-Jan 8，Nigeria’s Seplat Energy plans to revive 400 idle oil wells to meet its over 120,000 barrels per day crude production in the coming months, the company’s top managem...
Sinopec’s Zhenhai Refinery Says Fire at Its Crude Unit Put Out
Wedoany.com Report-Jan 8，Chinas Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late on Tuesday had been put out, with no injuries reported. The plants No.5 c...
Oil Prices up on Tighter OPEC Supply, US Jobs Data
Wedoany.com Report-Jan 8，Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic a...
Exxon Signals Weaker Performance Across the Board to Hurt Q4 Profits
Wedoany.com Report-Jan 8,Exxon Mobil (XOM.N), opens new tab signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings ...
UK’s Serica Energy Restarts Production at Triton Vessel
Wedoany.com Report-Jan 7，UK s Serica Energy (SQZ.L), opens new tab said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed production on Dec. 2...
OPEC Oil Production Falls as UAE Leads Supply Cuts
Wedoany.com Report-Jan 7，Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply cutbacks aimed ...
Azerbaijani Oil Prices Increase
Wedoany.com Report-Jan 7，The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta rose by $0.48 on January 6 compared to the previous rate, reaching $79.48 pe...
Oil Prices Extend Losses, Firmer Dollar and Supply Outlook Weigh
Wedoany.com Report-Jan 7，Oil prices extended losses into a second straight session on Tuesday on technical correction after last weeks rally, while forecasts for ample supply and a firm dollar also wei...
Alberta Looks to Spur New Pipelines by Guaranteeing Barrels
Wedoany.com Report-Jan 7，Alberta’s government plans to directly dedicate barrels of oil for new pipeline projects in a bid to accelerate the expansion of production in the western Canadian provin...