Oil and Petrochemicals
Adding Four Offshore Drilling Rigs to the Continental Shelf Oil Fleet
Four offshore drilling rigs will be added to the country's continental shelf oil fleet. These rigs are particularly sign...
Oil and Petrochemicals
Oil and Petrochemicals
Kistos Brings Balder Phase V Field and King Well Online
Kistos reported an average daily production of 18,500 barrels of oil equivalent (boed) in the third quarter of 2023. The...
Oil and Petrochemicals
Shapna Announces Details of the Impact of the New Pricing Guidelines
Isfahan Oil Refining Company, symbolized as Shapna, has published details of the new pricing guidelines for crude oil an...
Oil and Petrochemicals
Zelensky Announces Condition to Halt Attacks on Russian Oil Facilities
Volodymyr Zelensky, the President of Ukraine, announced that he might stop attacks on Russian oil refineries if he recei...
Oil and Petrochemicals
Establishment of a Large Oil Refinery in Afghanistan by the Ministry of Mines and Petroleum
The Ministry of Mines and Petroleum of Afghanistan is working to increase the country's oil production capacity by estab...
Oil and Petrochemicals
Biden Seeks a Tougher Approach Toward Saudi Arabia
OPEC's decision to cut oil production has put more pressure on Biden. This economic pressure is pushing him toward a str...
Oil and Petrochemicals
Decrease in Canadian Oil Prices Against Rising Global Oil Prices
Brent crude oil for delivery in December reached $109.50 per barrel, while Canadian oil faced a sharp price decline.
Oil and Petrochemicals
Sunda Energy Receives 12-Month Extension for Chuditch Production Sharing Contract
Sunda Energy has gained additional time to negotiate the drilling of Chuditch-2 by extending the TL-SO-19-16 production...
Oil and Petrochemicals
Futures Price of Natural Gas Falls on the New York Exchange Due to Weather Forecasts
The futures price of natural gas on the New York Exchange decreased on Monday afternoon due to LNG demand and weather fo...
Oil and Petrochemicals
Signing of Agreement for Importing 1.8 Million Tons of Diesel from Russia to the USA
The USA has signed an agreement for the import of 1.8 million tons of diesel from Russia, which has the capacity to meet...
Oil and Petrochemicals
Transocean Signs $550 Million Contracts in the Gulf of Mexico
Transocean has signed contracts worth $550 million for two ultra-deepwater drilling rigs in the Gulf of Mexico. These co...
Oil and Petrochemicals
Perenco UK Completes Decommissioning of Subsea Wells in the North Sea
Perenco UK has completed the decommissioning of the subsea wells Leman South and Durango in the Southern North Sea. The...