Tags

Kazakhstan Eyes Expanded Routes for Oil Exports in 2024

Oil & Gas‚ Oil and Gas Industry | intent | March 12, 2024 | Comment off

Kazakhstan aims to boost its oil exports through the trans-Caspian corridor and to Germany via the Druzhba pipeline, despite potential complications with Russian transit approvals.
The country experienced a 10% increase in oil exports in 2023, reaching over 70 million tons, but saw a 10% drop in revenue due to declining oil prices.
Concerns arise over the Caspian Pipeline Consortium as a Turkish terminal refuses oil deliveries to avoid US sanctions, highlighting the geopolitical complexities affecting Kazakhstan’s export strategies.

Tinubu’s Executive Orders Moving Oil, Gas Industry Forward – IPPG

Oil & Gas‚ Oil and Gas Industry | intent | March 12, 2024 | Comment off

The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu, aimed at revitalising investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy sector.

Liberty Petroleum signs deal with Somalia’s federal government to secure three offshore petroleum blocks

Oil & Gas‚ Oil and Gas Industry | intent | March 12, 2024 | Comment off

Liberty Petroleum, has gained entry into one of Africa’s last undrilled frontier offshore petroleum zones by signing three production sharing agreements (PSAs)

After drilling ops with Valaris rig, gas flows from North Sea well

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

Perenco UK, a subsidiary of Perenco Group, has brought on stream a near-field discovery within the Ravenspurn South area of the Southern North Sea, boosting its gas production on the UK Continental Shelf (UKCS).

Aramco hikes 2023 dividend despite drop in profits

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

Aramco’s 2023 profit, down from a record $161.1bn in 2022, was constrained by lower oil prices, a fall in production and weaker refining margins. But it was still the second-highest ever, Aramco said today.

Review of Turkana oil plan extended to June

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

The evaluation of a field development plan (FDP) submitted by Tullow Oil for the Turkana oil fields has been extended to June.

TotalEnergies to Acquire Operatorship of Another Block in Orange Basin

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

TotalEnergies SE has signed a deal to acquire operatorship of Block 3B/4B, a license adjacent to its operated DWOB block on the South African side of the Orange Basin

Jamuna, Meghna & Padma oil cos raise commission

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

The sales commission for three prominent oil companies—Jamuna Oil Limited, Meghna Petroleum Limited, and Padma Oil Limited—operating under the Bangladesh Petroleum Corporation (BPC) has been raised.

Bangladesh announces int’l exploration bid for 24 oil, gas blocks

Oil & Gas‚ Oil and Gas Industry | intent | March 11, 2024 | Comment off

Bangladesh on Sunday announced an international bid round for the exploration of oil and natural gas in 24 blocks in the Bay of Bengal under a new Production Sharing Contract (PSC) to enhance energy production.

If oil disappeared tomorrow….

Oil & Gas | intent | March 11, 2024 | Comment off

If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.

PREW
1
...
516
517
518
519
520
...
759
NEXT