Mozambique’s jihadist violence has forced the French energy firm Total to suspend work at its multibillion-dollar liquefied natural gas project in the country’s northern Cabo Delgado province.   After the rebels’ Jan. 1 attack on Quitunda village, just outside the fence of the gas project, the company removed most of its workforce, estimated at Read more

  Dubai — Kuwait has made three oil and gas discoveries, including one next to the giant Burgan field, the country’s biggest, potentially helping to boost the reserves of OPEC’s fourth largest producer, state-owned KUNA news agency reported Jan. 4, citing the oil minister.   State-owned Kuwait Oil Co. discovered the Homah oil field, located Read more

    The crisis that enveloped the oil industry last year can be measured in various ways, but in the US there might be no better single gauge than the tally of drilling rigs operating across the world’s largest producer.   The weekly data shows at a glance the level of confidence from hundreds of Read more

    Egypt’s Minister of Petroleum and Mineral Resources, Tarek el-Molla, signed on Friday nine new agreements to search for oil and natural gas in the eastern and western regions of the Mediterranean Sea and the regional waters of the Red Sea.   The agreements were signed with six major international and Egyptian companies, including Read more

MOSCOW: Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and sluggish demand caused by the coronavirus, statistics showed on Saturday.   Russian oil and gas condensate output declined to 10.27 million barrels per day (bpd) last Read more

    ALGIERS: Algerian state oil and gas firm Sonatrach plans to invest $40 billion, 51% of it in the local dinar currency, over the next five years to develop existing fields, CEO Toufik Hakkar said on Thursday.   Sonatrach also expects higher output and sales in 2021 as it aims to start production from Read more

  Guwahati: The Oil India Limited (OIL) is planning to initiate a drilling and production project of Rs. 35 billion in Assam in the next months. The news was released by a senior official of the state-owned company on Thursday. According to reports, the Assam-based project is part of Oil India’s larger plan of developing Read more

  Oil market optimism risks derailing its own recovery, with the recent rise in crude prices above $50/b possibly harming demand and incentivizing additional supply. Hopes that vaccines will revive the global economy, coupled with the OPEC+ decision to delay bringing back much of the extra 2 million b/d of oil planned for January, are Read more

  U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day (bpd) in January to 7.44 million bpd, the lowest since June, the U.S. Energy Information Administration (EIA) said in a monthly forecast on Monday, as reported by Reuters. Refinery File..png Output at nearly all seven major formations is Read more

  PetroTal has submitted reference terms to Peru’s environmental certification service for sustainable investments (Senace) to conduct exploration at Amazon block 95. The work entails the acquisition of 2D seismic covering 1,200km across 94 seismic lines on the acreage in the northeast region of Loreto. The project will take an estimated 200 days. Once approved, Read more

  ‘The refuge includes the birthing grounds of the Porcupine caribou herd, as well as the prime denning area for the Beaufort Sea polar bears (a threatened species, numbering only 900).’ Photograph: AP Language is everything. Those who argue for oil drilling in the Arctic national wildlife refuge, a place of stunning wild beauty in Read more

Emerging Global Offshore Oil And OPEC+ Prior to OPEC+, a coalition of 23 countries, agreeing to continue with production cuts on December 3, 2020—Libya’s oil production shifted market dynamics in 2020—as the OPEC member swiftly ramped its oil output above 1 million barrels per day (MBPD). In parallel with Libya’s output, global offshore production is Read more

  It has been stated by Oil India Limited (OIL) that diversion of the well at the nearby early production setup (EPS) had been attempted on September 13 and a cumulative production of 6,960 kilo litres (KL) of high-quality condensate along with 49.01 million metric standard cubic metre (MMSCM) of natural gas has been achieved Read more

  Houston — US shale volumes and new well productivity per rig are both expected to fall month-over-month in January as the industry enters the winter season and the number of drilled, but uncompleted wells continues to decline, the US Energy Information Administration said in its Dec. 14 drilling productivity report.   US unconventional oil Read more

  India’s state-owned ONGC Videsh has plans to drill two wildcats off Bangladesh after the host government recently further extended the exploration term for production sharing contracts at blocks SS-04 and SS-09.   The two shallow-water wells are scheduled to be drilled from October 2021 after next year’s monsoon season.The probes, targeting the Titly and Read more