Petrobras Terminates Sale of Two Oil & Gas Fields Offshore Brazil
Wedoany.com Report-Dec 25,Brazilian oil and gas player Brava Energia has confirmed its acquisition of oil and gas fields and associated infrastructure off the coast of Brazil cannot be completed with ...
China’s CNOOC Brings Bohai Sea Oil Field on Stream
Wedoany.com Report-Dec 25,Chinas state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oilfield 36-2 block development project in Bohai S...
Crude Oil Futures Rise on Spot Demand - PTI
Wedoany.com Report-Dec 25,Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets. Crude oil prices on Monday climbed R...
India to Overtake China in Crude Oil Consumption by 2024, 2025
Wedoany.com Report-Dec 25,India is poised to overtake China as the leading source of growth in global crude oil consumption. In 2024 and 2025, India will account for one-fourth of the growth in global...
KP Produces 30,000 Bpd of Crude Oil per Day
Wedoany.com Report-Dec 24,Similarly, the province produces 410 MMCFD of gas, which accounts for 13% of the national output. The province also produces 800 tons of LPG daily, representing 40% of the na...
Brazil Plans to Significantly Increase Oil Production by 2025
Wedoany.com Report-Dec 24,Brazils oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd this year through Oc...
Saipem Wins $900M EPCI Contract From Shell’s $5BN Offshore Project in Nigeria
Wedoany.com Report-Dec 24,Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of ...
Oil Gains as Cooling US Inflation Points to Possible Easing
Wedoany.com Report-Dec 24,Oil prices rose on Monday as lower-than-expected US inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the...
Iraq Halts Oil Exports to Syria Amid Regional Instability
Wedoany.com Report-Dec 24,Iraq has suspended crude oil exports to Syria, citing regional instability, in a move that threatens to deepen Syrias fuel crisis, Iraqi officials said on December 22. The de...
Aker BP Gets Green Light for Drilling Ops in Norwegian Sea
Wedoany.com Report-Dec 23,The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea. The permits are for wellbore 6306/6-3 S in production lice...