India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
Wedoany.com Report-May 21, India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matter. This init...
New Oil Discovery Springs up in Norwegian Waters
Wedoany.com Report-May 21, Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’s floating pr...
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
Wedoany.com Report-May 19, In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chinese customs o...
Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows
Wedoany.com Report-May 19, Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime data and docu...
Nigeria’s Trans Niger Oil Pipeline Bursts, Spills Crude, Rights Group Says
Wedoany.com Report-May 16, An environmental rights group reported a rupture in Nigeria’s Trans Niger Pipeline, a vital channel for transporting crude oil from onshore fields to the Bonny export ...
Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures
Wedoany.com Report-May 16, Chevron Corp, a U.S. oil company, along with several European firms, is engaging with the U.S. administration to secure permissions to maintain their stakes in joint venture...
Nigeria Says Exxon Commits $1.5b to Deepwater Development
Wedoany.com Report-May 15, Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, planned for th...
Gulf of Thailand Oil Field Revamp Gets Green Light
Wedoany.com Report-May 15, Valeura Energy has approved redevelopment of its 100%-owned Wassana field in license G10/48, Gulf of Thailand, with a new central processing platform (CPP). The project, ext...
US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear
Wedoany.com Report-May 15, U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns about potentia...
Murphy Discovers More Oil in Cuu Long Basin Offshore Vietnam
Wedoany.com Report-May 14, Murphy Oil Corp. has announced a significant oil discovery in Block 15-1/05, located in the Cuu Long Basin offshore Vietnam. The exploration well Lac Da Hong-1X, also known ...