Oil and Petrochemicals
Aker BP has launched the Alve Nord, Idun Nord, and Ørn fields in the Norwegian Sea
The Alve Nord, Idun Nord, and Ørn fields have been brought into production with a capacity of 120 million barrels of oil...
Oil and Petrochemicals
Oil and Petrochemicals
Fluctuation of Oil Prices and the Rising Trend of Brent in the Global Market
Brent crude oil price reached $109.8 while the OPEC basket decreased to $108.0. Price fluctuations in the energy market...
Oil and Petrochemicals
The European Union changes its stance on Arctic oil, and Norway issues new permits in the Barents Sea
The European Union, by changing its approach to oil and gas production in polar regions, allows Norway to issue new expl...
Oil and Petrochemicals
Increase in Natural Gas Prices in the Rocky and California States
Natural gas prices in the Rocky and California states rose on Monday. Forecasts indicate limited heating demand until ea...
Oil and Petrochemicals
Significant Growth of the Oil Products Tanker Market in Recent Months
The oil products tanker market has seen a substantial increase in freight rates from early August to mid-October 2026. T...
Oil and Petrochemicals
Increase in LNG Prices in Singapore and Decrease in Supply in Europe
LNG prices in Singapore have reached their highest level due to market fluctuations and increased demand. Meanwhile, gas...
Oil and Petrochemicals
BW LPG Product Services Performance in the Third Quarter of 2026
BW LPG Limited has reported a net profit of $118 million for its product services performance in the third quarter of 20...
Oil and Petrochemicals
Reconstruction of Damaged Pars South Refineries Ahead of Winter
Managers of the National Iranian Oil Company and Pars Oil and Gas Company reviewed the reconstruction process of five da...
Oil and Petrochemicals
Naphtha price in the Japanese market reached $995.5 per ton
The increase in naphtha prices in Japan and the decline in paraxylene have complicated the petrochemical market in Asia....
Oil and Petrochemicals
The Development of New Oil Fields Must Support the Carbon Storage Market
The development of oil fields such as the Rosbank field and the Jackdaw gas field faces new carbon storage requirements....
Oil and Petrochemicals
Daniel E. Brown Appointed as New CEO of Expand Energy
Expand Energy, the largest natural gas producer in the United States, has appointed Daniel E. Brown as its new CEO. This...
Oil and Petrochemicals
Qatar Proposed Two Gas Power Plants and 20 Years of Liquefied Gas to Lebanon via Syria
Qatar has proposed to Lebanon the construction of two gas power plants and the supply of liquefied gas for 20 years thro...