Argentina to Eclipse Colombia as Oil Production Growth Continues
Wedoany.com Report-Dec 16,Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and...
Nigeria Retains Top Spot as Africa’s Biggest Oil Producer
Wedoany.com Report-Dec 16,The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa. OPEC, in its latest month...
Suncor Energy to Increase Oil and Gas Output by up to 5 Per Cent in 2025
Wedoany.com Report-Dec 16,Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands...
Reabold Resources Ups Stake in Rathlin Energy
Wedoany.com Report-Dec 16,The £700,000 purchase, from Rathlin’s Canadian owners, Connaught Oil & Gas, takes Reabold’s total shareholding in Rathlin to nearly 80%. Under the deal anno...
Crude Oil Futures Edge Up After IEA Report on Demand Outlook
Wedoany.com Report-Dec 14,Crude oil futures traded slightly higher on Friday morning after the latest report from IEA (International Energy Agency) indicated an increase in global oil supply in 2025. ...
Oil Prices up With China Demand Hopes
Wedoany.com Report-Dec 13,Oil prices increased on Wednesday supported by economic stimulus measures in China, the world’s biggest crude importer, aimed at boosting domestic growth. The internati...
Shell to Explore for Oil and Gas in the Black Sea
Wedoany.com Report-Dec 13,Shell Exploration and Production (96) B.V, a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in Bulgarias exclusive economic zone...
ORLEN Ramps up Its Exploration Activity on the Norwegian Continental Shelf
Wedoany.com Report-Dec 13, A total of 6 exploration and appraisal wells were completed by ORLEN Upstream Norway in 2024, 4 more than the previous year. As a result, the company discovered or confirmed...
Oil Production Hits 1.7mbpd – FG
Wedoany.com Report-Dec 13,The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up...
OPEC Says Russia Made Small Cut to Oil Output in November
Wedoany.com Report-Dec 13,Russias crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on...