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Ukraine will honour contracts for oil transit to Europe, official says

“Ukraine has fulfilled and will fulfill its contractual obligations in full until the scheduled completion date… because it concerns our bilateral relations with European countries,” Podolyak said. The head of Ukrainian oil and gas group […]

Prices for Caspian oil grades jump fuelled by Libyan output outages

Libya’s oil blockade started earlier this week amid a conflict between eastern and western authorities over the replacement of the central bank governor. The absence of Libyan supply has supported prices of Caspian barrels, which […]

Vice President Kamala Harris rules out fracing ban if elected in U.S. presidential race

Ari Natter and Jennifer A. Dlouhy, Bloomberg August 30, 2024 (Bloomberg) – Vice President Kamala Harris said she wouldn’t halt fracing if elected president, reversing her prior opposition to […]

Czech police safely detonate World War Two bomb at oil refinery

*Litvinov refinery Prague — Czech bomb disposal experts on Friday detonated a World War Two bomb found on the site of an oil refinery, causing no major visible damage to the Polish-owned plant that has […]

Oil prices face pressure from slow China demand and inventory rise

*Oil price futures News wire — Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia and OPEC+ allies prepare to […]

Marathon Oil receives stockholder approval for $22.5 billion ConocoPhillips merger

(WO) – On Thursday, Aug. 29, Marathon Oil Corporation announced it received the necessary stockholder approval for its pending merger with ConocoPhillips. ConocoPhillips CEO Ryan Lance Marathon Oil will file the vote results […]

NNPC’s 5,710 staff members received N583.8bn as salaries, allowances in 2023

…Hiked staff salaries by 119% …CEO, CFO, 5 others earned N36m monthly …Each staff got N7.06m monthly in emoluments on average *The headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, […]

CSOs urge Tinubu to end fuel importation, operationalize local refineries

*Fuel imports Mkpoikana Udoma Port Harcourt — In a bold move, a coalition of civil society organizations, CSOs, have demanded an end to the importation of refined petroleum products, citing the economic hardship faced by […]

TGS, ComboCurve partner to streamline production, completions data access

(WO) – TGS has announced a strategic partnership with ComboCurve. This collaboration enables E&P companies to seamlessly access TGS’ licensed production, completions, and cost data via the ComboCurve platform, with fully automated data integration that […]

ExxonMobil, Helmerich & Payne take top U.S. drilling, customer spots in latest Enverus report

(WO) — Enverus has released a list of top drillers and customer rankings in the U.S., as well as detailed drilling rig analytics. Source: ExxonMobil Top U.S. land drilling customers of Q1 2024 […]