Nigeria’s Oil Sector Gets 30,000BPD Boost
Wedoany.com Report-Dec 17,In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, and Offloading (...
Oil Holds Weekly Gain After US Signals Tighter Russia Sanctions
Wedoany.com Report-Dec 17,Oil steadied after a weekly advance as the US signaled tighter sanctions on Russian crude and Chinese authorities vowed to shore up the nation’s economy. Brent crude tr...
India’s Crude Oil Imports From Russia Drop 55% in November, Lowest Since June 2022
Wedoany.com Report-Dec 17,Indias import of Russian crude dropped to its lowest level since June 2022 in November this year, reported the news agency PTI on Sunday, December 15, citing a Centre for Res...
Oil and Gas Exploration: Bidding Process for Miranshah Block Completed
Wedoany.com Report-Dec 17, An official handout said that KPOGCL had launched the bidding phase in June 2024 following the decision of the 51st meeting of the Council of Common Interest.The KPOGCL had ...
Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai
Wedoany.com Report-Dec 17, Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited’s $315 m...
Venezuelan Oil Output Recedes as Washington Threatens New Sanctions
Wedoany.com Report-Dec 17,The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage. Venezuela’s crude production decre...
US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says
Wedoany.com Report-Dec 17,Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer’s most import...
Egypt’s Cabinet Approves Oil, Natural Gas Exploration Agreements in Key Concessions
Wedoany.com Report-Dec 16,The Cabinet has approved two draft petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC...
New Oil Discovery Boosts Barents Sea Potential With 20 More Wells on the Drilling Horizon
Wedoany.com Report-Dec 16,Norwegian oil and gas player Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm ...
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...