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...
Contract With ‘Prominent’ Oil & Gas Company Takes US Subsea Firm to West Africa
Wedoany.com Report-Dec 23,Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what it says is a ...
Venezuela Sends Crude to India in New Deal
Wedoany.com Report-Dec 23,A high-seas oil tango is back on between Venezuelas state oil company PDVSA and India’s Reliance Industries, rekindling a swap arrangement paused by U.S. sanctions. Thi...
Exploration Well Encounters 4 Oil Rich Reservoirs
Wedoany.com Report-Dec 23,Arrow Exploration Corp. (AXL:TSX.V; AXL:LSE) made a material discovery with its Alberta Llanos AB-1 exploration well on the Tapir block in Colombias Llanos basin, reported Au...
Pakistan Spent Rs. 430 Billion on Oil and Gas Exploration in Last 3 Years
Wedoany.com Report-Dec 23,The Senate Standing Committee on Petroleum, chaired by Senator Umar Farooq, held a meeting where petroleum officials provided a detailed briefing on oil and gas exploration a...
North Dakota Crude Output Cut by 520,000 B/D After October Wildfires
Wedoany.com Report-Dec 23,North Dakota, the third-largest producing state in the U.S., saw its crude production fall by 520,000 barrels per day in October after operators shut in wells to protect agai...
OGDC Commences Production From Kunnar West Well-3
Wedoany.com Report-Dec 23,Oil and Gas Development Company (OGDC) on Thursday announced the start of production from its Kunnar West Well-3, situated in the Hyderabad district of Sindh. According to a ...
India to Surpass China as Leading Contributor to Global Oil Consumption Growth in 2024, 2025
Wedoany.com Report-Dec 23,India has become the primary driver of growth in global oil consumption for 2024 and 2025, surpassing China, which consistently led global oil consumption growth from 1998 to...