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Turkey to being oil and gas exploration campaign offshore Somalia in broader African energy strategy

Simon Marks and Mohamed Sheikh Nor. Bloomberg August 16, 2024 (Bloomberg) – Turkey, seeking to extend its influence in Africa and strengthen energy security, will send the 86 m […]

Petrol marketers withdraw services in A/Ibom over extortion by security agents

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has withdrawn their services indefinitely in Oron, Akwa Ibom State, citing extortion and harassment by security agents. IPMAN Chairman, […]

Oil falls 2% to end volatile week, focus on China demand concerns

*Global oil flow. – Brent futures fall by $1.36/bbl, WTI drops $1.51– Benchmarks broadly unchanged on the week after volatile trade– Data from China showed economy losing momentum, weak oil demand– Gaza ceasefire talks paused, […]

Second ‘dark fleet’ LNG tanker departs from sanctioned Russian terminal

(Bloomberg) — A second liquefied natural gas tanker left an export terminal in northern Russia that’s subject to U.S. sanctions, ship-tracking data show. The Asya Energy, part of a suspected “dark fleet” of […]

MOL makes three new gas discoveries in Razgir-1 exploratory well onshore Pakistan

(WO) — MOL Pakistan has announced three new gas discoveries in the TAL Block through the Razgir-1 exploratory well. Drilled to a depth of 3,950 meters, the well successfully tested three separate geological formations, marking […]

California aims to tackle pump spikes by requiring gas reserves

*A motorist refueling at a petrol pump News wire — California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes. […]

China, Saudi Arabia top buyers of Russian fuel oil in July, LSEG data shows

*Crude oil barrel Moscow — China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July, traders said and LSEG data showed on Friday. Russian fuel […]

Texas RRC levies over $2 million in penalties for oil and gas violations

(WO) — The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state’s oil and gas industry. The penalties, totaling $2,173,382.40, were assessed […]

Seatrium delivers fourth jackup rig to Borr Drilling ahead of schedule

(WO) – Seatrium Limited has successfully delivered its fourth jackup rig, named “Vali,” to Borr Drilling, about a year ahead of the planned delivery date. The project was completed on an accelerated schedule, highlighting Seatrium’s […]

‘Libya’s Waha oil company loses 115,000b/d due to pipeline maintenance’

Tripoli — Libya’s Waha oil company’s production was reduced by 115,000 barrels per day due to maintenance on the pipeline pumping oil from the Waha field to Es Sider port, a company source told Reuters […]