The End of Cheap Palm Oil? Output Stalls as Biodiesel Demand Surges
Wedoany.com Report-Mar 10, Prices of cooking oil could be buoyed up for years by stagnating production and a biodiesel push in top producer Indonesia that are making traditionally cheap palm oil costl...
Vaalco Energy Acquires 70% Interest in Offshore West Africa Exploration Block
Wedoany.com Report-Mar 8, VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying inte...
UK Drafts New Oil Tax Plan to Replace Controversial Windfall After 2030
Wedoany.com Report-Mar 7, The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices ar...
Tanzania to Launch First Oil and Gas Licensing Round in Over a Decade
Wedoany.com Report-Mar 7, Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cub...
Ecuador’s President Noboa Demands $1.5 Billion Early Payment for Major Oil Deal
Wedoany.com Report-Mar 7, Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving ...
Mexico President Says Problems With Salt Content in Crude Oil Solved
Wedoany.com Report-Mar 7, Mexican President Claudia Sheinbaum said on Thursday that problems with a higher-than-usual content of salt in the crude oil that state energy company Pemex pumps and exports...
Oil Field’s Production Ramp-up on the Horizon as Petrobras Welcomes New FPSO
Wedoany.com Report-Mar 6, Brazil’s state-owned oil and gas giant Petrobras has welcomed a floating production, storage, and offloading (FPSO) vessel owned by the Netherlands-based SBM Offshore t...
CNOOC Achieves Major Breakthrough in Exploration of Buried Hills in Beibu Gulf Basin
Wedoany.com Report-Mar 6, CNOOC Limited (the Company, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the exploration of Paleoz...
Kazakhstan Reveals Plans to Enhance Oil, Gas Output With New Projects in 2025
Wedoany.com Report-Mar 6, Kazakhstan aims to produce 96.2 million tons of oil and gas condensate in 2025, said Energy Minister Almassadam Satkaliyev during a government meeting. The minister highlight...
Fire Breaks Out at Oil Refinery in Azerbaijan’s Capital Baku
Wedoany.com Report-Mar 5, A fire broke out at an oil refinery in Azerbaijan’s capital Baku, the country’s emergency services said on Wednesday. A statement by the Emergency Situations Mini...