Oil Prices Rise on Crude Drawdown; Natural Gas Falls on Profit-Taking
Wedoany.com Report-Dec 30,It was a mixed bag for commodity prices during the final week of 2024. An unexpectedly large drawdown of 4.2 million barrels — according to the Energy Information Administra...
Turkey Considering Oil Pipeline to Syria: Minister
Wedoany.com Report-Dec 30,Turkey is considering a new oil pipeline to Syria that will also link to the Turkey-Iraq pipeline, the minister of energy and natural resources said on Friday.There are still...
US Crude Oil Stocks Fall for Fifth Straight Week
Wedoany.com Report-Dec 30,US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline. Data released today, Dec. 27, by the US Energy Information A...
Petrobras Informs About New Law for the Oil and Gas Sector
Wedoany.com Report-Dec 30,Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content surpluses among...
Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
Wedoany.com Report-Dec 29,Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea coast stall. The...
Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
Wedoany.com Report-Dec 29, In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Agency, a partn...
Global Oil Demand to Gain 1-1.5 Mbd in 2025
Wedoany.com Report-Dec 28,Russia expects growth of global oil demand in 2025 to reach from 1 mln barrels per day (mbd) to 1.5 mbd, Deputy Prime Minister Alexander Novak said in an interview with the R...
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Wedoany.com Report-Dec 28, Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey. Economic expert N...
Petrobras to Keep Constellation’s Semi-sub Rig Under $61M Contract Extension
Wedoany.com Report-Dec 27,(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrobras, worth up ...
TotalEnergies Adds More Time to Northern Drilling Semisub Deal
Wedoany.com Report-Dec 27,French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub r...