Azerbaijani Oil Price Exceeds $76
Wedoany.com Report-Oct 26,The price of a barrel of Azeri Light crude oil increased by $1.31, or 1.7%, reaching $76.63. Azeri Light crude saw its lowest price on April 21, 2020, at $15.81 per barrel, w...
US Oil/gas Rig Count Steady This Week, Pennsylvania Falls To 17-year Low, Baker Hughes Says
Wedoany.com Report-Oct 26, U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling to a 17-year low in Pennsylvania, energy services firm Baker Hughes...
Reliance Likely To Move Dubai Crude Team To India In Global Trade Rejig
Wedoany.com Report-Oct 25, Indias Reliance Industries Ltd, operator of the worlds biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil tradin...
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Wedoany.com Report-Oct 25, Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expecta...
Nigeria: Why Nigeria's Oil Reserves Are Not Growing - Minister
"For the past few years, Nigeria hasnt actually done much on exploration and that is why our reserves are not growing," Mr Lokpobiri said. The Minister for State, Petroleum Resources (Oil), Heineken L...
More Rig Market Consolidation On The Cards As Transocean And Seadrill Ponder Merger
Wedoany.com Report-Oct 25,Media speculation is running high following reports that the two offshore drilling players have engaged in initial talks regarding the possibility of merging their assets to ...
South Sudan Official Says To Resume Pumping Oil Through Sudan In A Few Days
South Sudan will resume pumping crude oil for export through a port in neighbouring Sudan within a few days, a South Sudanese government official told Reuters on Thursday, following repairs to a key p...
Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week
Wedoany.com Report-Oct 24, Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX production s...
Yinson Production Finalises Sale Of 11.8% Stake In FPSO Anna Nery
Wedoany.com Report-Oct 24, Yinson Production has finalised the sale of an 11.8% stake in Yinson Boronia Consortium, which completely owns the floating, production, storage and offloading (FPSO) vessel...
Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure
Wedoany.com Report-Oct 24,Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its full-year outlook...