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India’s HPCL to start LNG terminal around year-end, seeks term supply, sources say

HPCL has built a 5 million metric ton per year (tpy) LNG import terminal at Chhara in western India, the country’s sixth, as New Delhi seeks to boost the use of the cleaner fuel. The […]

China’s September refinery output falls for the sixth straight month

Refiners processed 58.73 million metric tons of crude oil last month, data from the National Bureau of Statistics (NBS) showed, equivalent to 14.29 million barrels per day (bpd). The September level rose from August’s 13.91 […]

Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record

Anwar said the government was on track to narrow the deficit to 3.8% of gross domestic product (GDP) next year from an estimated 4.3% in 2024. “Next year, the fiscal reforms will be more aggressive […]

Siemens’ new intelligent link module combines IT with operational technology

(WO) — Siemens has launched SIRIUS 3RC7, an intelligent link plug-and-play module that offers complete data transparency down to the field level. The expansion module combines information technology (IT) and operational technology (OT) with minimal […]

Siemens’ new intelligent link module combines IT with operational technology

(WO) — Siemens has launched SIRIUS 3RC7, an intelligent link plug-and-play module that offers complete data transparency down to the field level. The expansion module combines information technology (IT) and operational technology (OT) with minimal […]

ADNOC and AIQ to deploy AI solution that will boost upstream operations

(WO) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC […]

Oil prices fall, on track for 8% weekly decline on China demand woes

*Oil prices – Brent, WTI headed for biggest weekly drop since Sept. 2– China’s economy grew at the slowest pace in Q3 since early 2023– US crude output at record high, while oil stocks fall, […]

UK imposes sanctions on Russian oil and LNG vessels

Britain says the ‘shadow fleet’ uses illicit practices to avoid Western restrictions on Russian oil. The announcement came after the United States and Canada agreed to join a “call to action” to tackle it, which […]

Petroperu still operating without a board after last month’s mass resignation

(WO) – Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after its last board resigned. “It is pretty complicated to find the right people,” […]

Transocean announces $193 million ultra-deepwater drillship contract in Gulf of Mexico

(WO) – Transocean Ltd. today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately […]