Downstream
Santos receives major approval for oil and gas development offshore Western Australia
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Santos’ Offshore Project Proposal (OPP) for the Dorado...
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Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields
European oil companies are pressing Venezuelan President Nicolas Maduro for greater control of their operations in Venezuela, after U.S. driller...
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Shell starts production at Vito in US Gulf of Mexico
Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production...
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Price Cap By Countries Prompts Russia To Cut Oil Production
Russia is all set to decrease the crude oil production by 500,000 in a day starting March this year. This...
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Russia Contemplating Windfall Tax To Cover Oil Revenue Dip
Moscow is planning to go ahead with a one-time windfall tax on large companies as a stopgap step to keep...
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Reduced Saudi Crude Prices Expected For 4 Months Straight
For the straight fourth month this march, world’s largest oil exporter, Saudi Arabia may reduce prices of grades that are...
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Trillion Energy to increase gas production at SASB gas field with three new side-track wells
Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three...
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Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil
Perenco Brazil announced that the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, left Dubai and is on its way...
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Despite Demand Uncertainties, Oil Price End 2022 On A High
Despite a sudden increase in US crude supplies, worries about the recession, and worries about demand because of a repeat...
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Oil Expected To Conclude Tumultuous 2022 Slightly Higher
In a year marked by limited supply because of the crisis in the Ukraine, a strong currency, and poor demand...
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