A Canadian oil producer is pitching a new port on the northern British Columbia coast to ship as much as 250,000 bpd of crude, a proposal that requires an exemption to a federal tanker ban.
State-owned Oil India Ltd. (OIL) on Friday said it has made a natural gas discovery in a shallow-water Krishna Godavari basin block that the firm had won in recent Discovered Small Field (DSF) bid rounds
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit both its fixed-term and equity investments.
The UK’s energy market regulator, Ofgem, is looking to keep Britain’s gas import capacity from mainland European connectors to preserve flexibility to import gas in case of strong demand.
QatarEnergy has signed two long-term agreements with Cheniere to purchase up to 4 million tonnes of liquefied natural gas (LNG) annually, with deliveries expected to begin in 2031 and continue through 2054.
Crude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from around $99 per barrel on Monday to over $100 earlier today.
DOF Group has been awarded a subsea contract in Africa that it classifies as significant, a category the company defines as worth between $15 million and $25 million. The client, described only as a leading operator, was not named.
Iranian oil in floating storage has been drained amid the U.S. Navy blockade, the Wall Street Journal has reported, citing Kpler data that suggests further tightening in global oil supply.
The Trump administration is tapping an emergency reserve of diesel set aside to heat homes in the Northeast as fuel prices are surging weeks before the midterm elections.
Buru Energy Ltd has applied for a production license for the Rafael domestic natural gas project in Western Australia’s onshore Canning Basin.