Market Left Guessing on China SPR Release

Thursday’s news that China is carrying out crude oil release preparations is putting further downwards pressure on prompt crude prices.

Russian crude premiums slump as China shuns high-priced oil

Spot premiums for Russian ESPO crude, a staple grade for top importer China, slumped by about $2 a barrel after hitting their...

Norway oil firms raise 2022 investment forecasts

Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to...

SBM Offshore To Build Its Largest FPSO For Exxon

FPSO operator SBM Offshore has been awarded contracts to perform front-end engineering and design (FEED) for an FPSO for the Yellowtail development...

How Shell Split With Netherlands

A twenty-minute stroll through The Hague -- the pretty but low-key city that houses The Netherlands government -- takes you from the...

Oil prices near six-week low as China readies crude reserve release

Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to tap reserve, the...

China’s Sinopec completes successful trial of crude to olefin technology

 China’s Sinopec Corp said on Wednesday it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner...

U.S. offshore oil auction begins

Biden administration on Wednesday kicked off an auction of oil drilling rights to 80 million acres in the U.S. Gulf of Mexico...

Ministry seals 5 gas stations in Abuja for cheating buyers

The Federal Ministry of Industry, Trade and Investment on Wednesday in Abuja sealed five gas stations during its surveillance exercise on stations...

Seplat Energy to distance self from Orjiako

Seplat Energy Plc has said that an ex parte order granted by the Federal High Court in Lagos has barred it from...

Equinor plans $8.8b development of world’s northernmost oilfield

Norway has announced it plans to invest up to 75 billion Norwegian crowns ($8.80 billion) to develop the Wisting petroleum discovery, set...

NUPRC Pushes Policy To Unveil Oil Assets Owners

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said it will compel oil and gas companies to fully disclose their financiers and...

Baker Hughes, Shell Pair To Accelerate Energy Transition

Oilfield services provider Baker Hughes and supermajor Shell have teamed up to accelerate the energy transition and reach net-zero carbon emission goals.

OGA to Investigate Suspected Breach

The UK Oil and Gas Authority (OGA) has announced that it has opened an investigation into a possible breach of field production consents.

Eni: closing signed with Zouk Capital and Aretex to acquire 100%...

Eni, through Eni gas e luce, has signed with Zouk Capital and Aretex the closing that formalized the acquisition of 100% in...

Sturgeon Comments on Glasgow Climate pact

The Glasgow Climate Pact does not contain everything that every country wanted and there is understandable disappointment that key issues were watered...

AITEO COULD SEEK INTERNATIONAL ASSISTANCE AS NEMBE OIL SPILL ENTERS DAY-11

Aiteo Eastern Exploration and Exploration Company is yet to contain the oil spill at an oil well within Oil Mining Lease, OML...

UAE ENVISAGES Q1 OIL SUPPLY SURPLUS, SAYS CURRENT SHORTAGE NOT EXPECTED

 UAE Energy Minister Suhail al-Mazrouei said on Monday that all indications point to an oil supply surplus in the first quarter of...

DUTCH GOVERNMENT “UNPLEASANTLY SURPRISED” AS SHELL MOVES HQ TO BRITAIN

energy
The Dutch government said on Monday it was “unpleasantly surprised” by news that Royal Dutch Shell PLC is planning to move its...

March to renewable energies is irreversible – TotalEnergies

Mike Sangster, Managing Director, TotalEnergies EP Nigeria Limited has said that; although OPEC currently canvasses for inclusion of all forms of...
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