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Obololi Spill: Shell shuts Nun River-Kolo Creek crude oil line in Bayelsa
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… Nun River-Kolo Creek crude trunkline. By Nathan Nwakamma … Woke, Director-General, National Oil Spills Detection and Response … JV), confirms that its Oil Spill Response Team has identified … inch pipeline evacuates oil produced from various oil fields within …
Ecopetrol reports significant increase in its proven oil and gas reserves
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… 1,893 million barrels of oil equivalent (mboe). The company … of 80% liquids and 20% gas. The reserve replacement ratio stood … stake acquisition from Repsol Colombia Oil & Gas in the CPO-09 … CPO-09 from Repsol Colombia Oil & Gas earlier this month for …
Oil workers ‘could strike’ to protect jobs in green transition; Trump tariffs hit US economic growth – as it happened
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… at PetroIneos’s Grangemouth oil refinery near Edinburgh, which … Petroineos plans to close Grangemouth oil refinery, during the Scottish … Unite would now allow oil and gas workers to be the … Petroineos plans to close Grangemouth oil refinery, during the Scottish …
Mexican state oil company confirms pirates attacked oil rig in Gulf of Mexico
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… pirates” assaulted an offshore oil drilling platform in the Gulf … and other property. While oil facilities have previously reported … Campeche” is an oil and natural gas-rich stretch of sea … facilities, most of them oil and gas producers, which fuel domestic …
Exclusive-U.S. piles pressure on Iraq to resume Kurdish oil exports, sources say
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… to dampen upward pressure on oil prices. Asked about the administration … own oil but also help keep the price of gas … neutral but nervous stance on crude oil prices," he said. … pipeline and remain compliant with OPEC+ supply policy. Giovanni Staunovo …
Soya oil remains attractive to Indian buyers despite decline in palm oil prices: SEA President
1740149658 from OIL&GAS
… despite the fall in palm oil prices over the past month, … the response to attractive soyabean oil prices has eased the tightness in … in December, and that of crude palm oil (CPO) decreased to $1 … , the CIF price of crude soyabean oil declined from $1,123 …
Alaska readies for Trump’s oil and gas surge. Will it happen?
1740149317 from OIL&GAS
… permitting and leasing for oil and gas production on Alaska’ … economics may make Alaskan oil and gas projects difficult to … to reach the Alaska Oil & Gas Association were unsuccessful. But … interest in producing Alaskan oil and gas. One major project …
Ibile Oil and Gas collaborates with the Lagos State First Lady on her boy child empowerment workshop
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… to sustainable energy, IBILE Oil and Gas Corporation (IOGC) collaborated … for the Future.’IBILE Oil and Gas Corporation (IOGC), Lagos … Managing Director of IBILE Oil & Gas Corporation, Ms. Doyin … energy advocacy: At IBILE Oil and Gas, we recognize the …
Why Nigeria’s crude oil production should not be below 2 million bpd
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… resolve issues affecting stable crude oil output, describing them … the expansion of crude oil production through even the … oil and gas remain an international business. What You Should Know The OPEC … must optimize its crude oil production capacity and …
Crude Output: NNPCL advocates third-party operators for idle oil and gas assets across Nigeria
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… Nairametrics. The event brought together oil and gas industry leaders, regulators, federal … , emphasizing that many unproductive oil and gas assets are being hoarded by … of November 2024, Nigeria’s crude oil production experienced a slight decline …
Oil prices dip but remain on track for weekly gain on supply jitters
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… Feb 21 (Reuters) - Oil prices fell on Friday but were … neutral yet nervous stance on crude oil prices, said Ole Hansen at … Pipeline Consortium oil flows, a major route for crude exports from … rise in U.S. crude oil stockpiles while gasoline and distillate …
Afri-Exim Bank floats US$1B financing facility to support locals in oil sector
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… cautioned that “the reliance on crude revenues as a primary source … the volatile commodity markets, as oil prices could be high five to … “three long decades of financing oil and gas activities across Africa, we …
Seventh Edition of the Sulphur Recovery and Gas Treating Conference
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… public and private refineries, the oil and gas industry, petrochemicals, and chemical … such as: Foundations Masterclass Gas Processing and Troubleshooting From Biofeeds … SRU Process Automation and Instrumentation Gas Processing: Challenges and Innovations …
Next chapter of Chinese giant’s offshore project boosts super heavy oil development
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… state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC … economic development of heavy crude through optimized jet pump … oilfield,” containing cumulative proven oil and gas in place of … to augment its oil and gas production this year …
Palm oil logs fifth weekly gain on output concerns
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… prices. The benchmark palm oil contract for May delivery on … the global vegetable oils market. Oil prices edged down but were still … slip on profit taking Stronger crude oil futures make palm a … ,000 metric tons of crude palm oil scheduled for delivery between …
Jagdeo lauds Suriname for allowing citizens to invest in first oil project
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… 31st January 2025, Suriname state oil company, Staatsolie officially launched the … on what happens with the oil and gas sector in the future … the year, assuming say the oil prices and you don’t make … the Local Content Law, the Gas-to-Energy project so that …
Oil heads for weekly gain amid supply jitters, improving demand
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… .S. West Texas Intermediate crude eased 22 cents, or … Pipeline Consortium oil flows, a major route for crude exports … record volumes. U.S. crude oil stockpiles rose while gasoline and … supplies in Russia, are supporting oil prices,” said Toshitaka Tazawa, an …
StanChart pledges to cut emissions linked to oil and gas bonds
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… the bonds it sells for oil and gas companies and will press … bond deals it arranges for oil and gas companies by 2030, it … new target is only for oil and gas. Standard Chartered CEO Bill …
Brent hits $76 as Trump vows quick refill of US oil reserves
1740133491 from OIL&GAS
Crude oil prices edged higher today, with Brent Crude and West Texas Intermediate ( … 395 million barrels of crude, nearly 250 million barrels … barrels. Read also: Nigeria crude outshines Brent with $4 … pledged tax cuts for oil and gas producers, promising to …
Higher oil output key to Nigeria’s economic growth – Elumelu
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… to strategise on increasing crude oil output. Read also: Shell … that substantial investment in oil and gas is essential to … Nigeria’s oil production still lags behind its OPEC quota. … that once a company secures crude oil, the primary raw material …
Oil price rangebound as traders weigh supply concerns
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… quot;OPEC member states face rising breakeven levels for their oil, … budgetary needs of several OPEC members means they will … . "We expect OPEC will delay the production hikes … continued to support oil prices. Russia reported that crude flows via the …
Liquefied Petroleum Gas (LPG) Market: Transforming the Future of Transportation Fuels
1740132500 from OIL&GAS
… are formed from oil wells. Liquefied petroleum gas is mostly … include Saudi Arabian Oil Co., China Gas Holdings Ltd., Chevron … end-use industries such as oil & gas, food & beverages … com/liquefied-petroleum-gas-LPG-market Floating Liquefied …
Elumelu Highlights Oil Revenue As Key To Nigeria’s Economic Diversification And Growth
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… expanding the country’s crude oil output to support national … for significant investments in oil and gas infrastructure to power … He adds that higher crude oil output will provide the financial … urgent need for enhanced oil and gas production to meet …
African Energy Week (AEW) 2025 To Fuel Regional Investment As Southern Africa Advances Oil & Gas (O&G) Development
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… emerged as a highly-promising oil and gas market. However, to unlock … as the Cabinda Oil Refinery (2025); the New Gas Consortium (early-2026 … PEL 83 and operated by oil and gas firm Galp - could …
Palm oil to see fifth-week gain due to concerns over production
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… of competing edible oils. The oil price continued to rise, heading … as a biodiesel feedstock because crude oil futures are stronger. Exports … of palm oil products from Malaysia between February … 70,000 tons of crude oil due to be delivered …
Nigeria needs oil money for economic diversification, development – Elumelu
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… industry players, including representatives from OPEC, SEPLAT, Shell, Oando Energy, the … security. He added that boosting crude oil output would provide the financial … said that by increasing gas production alongside oil, industries would have the …
Nigeria's 2.06m bpd crude oil target in 2025 achievable - Lokpobiri
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… strategic leadership for the oil and gas industry. “We have … -Boro, Chairman of, the OPEC Board of Governors, and Gbenga … In its latest report on Crude Oil and Condensate Production, the … bopd, respectively. The average crude oil production was 103 per cent …
Trump’s tariffs and sanctions fuel global oil market chaos
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… were designed for heavier crude blends, which are scarce … . oil and gas leaders are urging him to exempt Canadian crude. … a key supplier of crude oil to Asia, particularly China … market, competition for available crude has intensified, pushing prices …
Green Groups Sue Trump Over Proposed Oil and Gas Drilling in Protected Waters
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… waters to drilling for oil and gas. “President Trump’s … States coastal waters from oil and gas leasing executed by … from the possibility of oil and gas leasing. Eight other administrations … oceans legal director. “Offshore oil drilling is destructive from …
Lokpobiri says Nigeria’s oil production now 1.8m bpd, insists 2m doable in 2025
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… key economic projections, including an oil price benchmark of $75 per barrel … provided strategic leadership in the oil and gas industry, noting that reforms … Exporting Countries (OPEC) said Nigeria’s average daily crude oil production increased significantly …
Tony Elumelu: We need oil money to diversify Nigeria’s economy
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… of the leading indigenous oil and gas producers in Nigeria.” Elumelu … the power sector, particularly gas supply constraints limiting electricity generation … Exporting Countries (OPEC) said Nigeria’s average daily crude oil production increased significantly …
UK Oil & Gas raises £400,000 for hydrogen storage project
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UK Oil & Gas (AIM:UKOG) has raised funds … . The placing follows UK Oil & Gas’s recent meetings with representatives … Connect pipeline. Additionally, UK Oil & Gas is continuing discussions with several …
Bounty Oil & Gas (ASX:BUY) Sets Sights on 2025 with New Production Targets
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… AUD663,000. Bounty maintained oil production at Naccowlah Block during … approximately AUD231,000. Bounty Oil & Gas NL (ASX:BUY) has … been producing oil from its … use the proceeds to support oil development, and exploration, offer …
Dr. Yi Zheng Recognized as a 2024 Boston Business Journal 40 Under 40 Honoree for Advancements in Sustainable Energy
1740118018 from OIL&GAS
BOSTON, MA, UNITED STATES, February 21, 2025 /EINPresswire.com/ -- Dr. Yi Zheng, founder of Planck Energies and tenured professor at Northeastern University, has been recognized as a 2024 Boston Business Journal 40 Under 40 honoree for his …
Varcoe: Canadian oil producers stand by spending plans, but it's uncertain who would foot bill from Trump tariffs
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… For the Canadian oilpatch, crude prices remain relatively healthy, … remains tariffs. Across the oil and gas sector, companies are … country’s largest conventional oil and gas producers, isn’t … S. levy — through lower oil prices — instead of American consumers …
At Elumelu’s Leadership Forum, Oil Industry Players Discuss Roadmap to Crude Output Growth
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… to accelerating Nigeria’s crude production growth, which has … in attendance high profile oil and gas stakeholders, including Lokpobiri; … of Petroleum Exporting Countries (OPEC) Board of Governors and … , noting that like the OPEC’s regulatory body, the …
Powering the Oil Boom: Atlas Energy to Acquire Moser
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… to successfully run natural gas generators on wellhead gas, significantly reducing power … leads production of crude oil and petroleum liquids worldwide. While OPEC nations’ production … non-OPEC producers more than offset the drop. This has kept oil prices …
Oil little changed after US crude inventory build
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… a build up in US crude stockpiles pressured the market. … Institute figures on Wednesday. Oil prices edged lower on Thursday because … in Kazakhstan and the OPEC+ production increase delay being … ’s administration could dent oil prices by raising the cost …
Bureau of Land Management Trims Environmental Review Before $20 Million Oil and Gas Lease Sale
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… New Mexico, in the oil- and gas-rich Permian Basin. But … of greenhouse gas emissions stemming from its oil and gas leasing decisions … in on federal permitting, oil, gas and mineral sales and the … the brunt of this oil and gas development and all kinds …
Oil Conservation Commission sets date for deliberations on oil and gas PFAS ban
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… PFAS chemicals in down-hole oil and gas operations such as fracking … in November 2024. While oil and gas industry groups say PFAS chemicals … are no longer used in oil and gas operations in New Mexico …
Ecopetrol, Colombia records the largest increase in oil and gas reserves proven in three years
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… reported that its proven oil and natural gas reserves increased to 1 … the country's oil reserves and gas reserves has become a … due to dwindling supplies of gas. Chief Executive Ricardo Roa … one-fifth was gas and the remainder oil. Reporting by Nelson …
Oil production from Khana oil field to start earlier than expected
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… Director of Iraq’s Midland Oil Company Mohammed Yassin Hassan revealed … approaching completion. The Khana oil field is expected to … more efficiently. The Khana oil field is one of … corporations to develop border oil and gas reserves, including Chinese Geo …
Maranatha Oil refutes post-dated Ghana Gas contract claim
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Maranatha Oil Services Limited (MOSL), has strongly … transport contract with Ghana National Gas Company, stressing that it is … transport service agreement with Ghana Gas. Instead, MOSL clarified that … its dealings with Ghana Gas, are strictly limited to …
Japex Shifts Focus Back to Oil and Gas Exploration
1740096855 from OIL&GAS
Japanese oil and gas firm Japex is pivoting back … investment focus will remain on oil and gas exploration and production... as … the most attractive destination for oil and gas investments. In the next … targets to invest more in oil and gas and less in renewable …
Oil Prices Rise Even As EIA Shows Crude Inventories Build
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… , 11:17 AM CST Crude oil inventories in the United States … .S. Energy Information Administration. Crude oil prices were trending higher today prior … barrels in U.S. crude oil inventories. Both the Brent … Today’s build in crude inventories is in line with …
Reducing fugitive emissions in upstream oil and gas
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… complexity and scale of oil and gas operations, combined with … developed to aid upstream oil and gas operations to dramatically … emissions from the oil and natural gas industry. Clearly there … landscape The upstream oil and gas sector is no stranger …
Irving Oil Whitegate refinery avoids conviction after oil spill
1740091076 from OIL&GAS
… confirmed that the material was gas oil some of which had … Copage said Irving Oil officials told him oil was noticed pooling … was launched. The Irving Oil Whitegate refinery in East Cork … lasting” compound that occur in gas oil, could have caused damage to …
Methane Regulation in the Oil and Gas Sector: A Primer and Post-Election Forecast
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… enforcement initiative. The oil and gas sector, responsible for … for the Oil and Gas Sector, Greenhouse Gas Reporting Rule … rules for the Crude Oil and Natural Gas Source category to … negligible impact on natural gas and crude oil prices.” The EPA’s response …
Oil Futures Edge Up as OPEC Keeps Output Cuts
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… . The EIA reported Thursday commercial crude oil inventories in the U.S … tight supplies as OPEC plans to extend voluntary oil output cuts of … subject to market conditions, as OPEC+ agreed during its December meeting …