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Petronas’ exploration in South China Sea will continue

This includes exploration activities in Petronas’ Kasawari gas development off Sarawak state on Borneo, he told parliament. “We will continue, but we will not close the door on discussions with any country,” Anwar said. He […]

Oil prices drop following reports Israel won’t target Iran’s crude infrastructure

Oil prices dropped and concerns over supply chain disruption were eased Tuesday after a report that Israel may avoid targeting Iran’s crude infrastructure. Traders’ focus is now turned back to the International Energy Agency’s expectations […]

Oil plunges 4% as Iran supply disruption concerns ease

– Demand outlook weakens– Brent, WTI down over 4%– Israeli PM Netanyahu says willing not to strike Iran oil targets– OPEC, IAE cut global oil demand growth outlook London — Oil prices tumbled more than […]

IEA sees oil surplus looming, reassures on Iran supply risk

Oil prices have risen in recent weeks on investor concern that Israel may retaliate against a missile attack from Iran, a major oil exporter and OPEC member, by hitting its oil facilities or nuclear sites. […]

IEA sees oil surplus looming, reassures on Iran supply risk

Oil prices have risen in recent weeks on investor concern that Israel may retaliate against a missile attack from Iran, a major oil exporter and OPEC member, by hitting its oil facilities or nuclear sites. […]

Chevron donates $250k and critical fuel to aid hurricane relief efforts

Chevron today announced a donation of $250,000 to support relief and recovery efforts after Hurricane Milton devastated parts of Florida. The funds will provide support for emergency teams and volunteer efforts. “Our thoughts […]

Belemaoil restarts operations at OML 55 after 3-year shutdown

Yenagoa — Nigerian independent producer Belemaoil Producing has resumed operations at its oil block Oil Mining Lease 55 after a three-year shutdown as a result of damage to the facility caused by theft, it said […]

Woodside completes installation of Scarborough Energy Project trunkline

Woodside Energy has announced the successful completion of the installation of the Scarborough Energy Project trunkline. When operational, the 433 km trunkline will transport gas from the offshore Scarborough field to the onshore […]

Nigeria to gain 40,000b/d oil production from NNPCL/Century FPSO

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Mkpoikana Udoma Port Harcourt — In a significant move to enhance crude oil output, Nigeria is set to add 40,000 barrels per […]

Oil prices erase last week’s gains on China demand woes

*Oil prices London — Oil prices on Monday wiped out all of last week’s gains as China’s stimulus plans failed to inspire confidence among investors, while the market remained on edge about potential Israeli attacks […]