| 3. News on Oil Exploration |
 | 20 January 2025 : Tarim Oilfield hits 20 million tonnes record in ultra-deep oil... {bastillepost.com} |
| Chinas largest ultra-deep oil and gas production base, the Tarim Oilfield, achieved a milestone in 2024 . . . |
| | 20 January 2025 : Rwanda announces first oil discovery {pumps-africa.com} |
| Rwanda has announced its first oil discovery. Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board made the announcement . . . |
| | 20 January 2025 : Oando wins the Angolan bid round for Kwanza Basin block... {africaoilgasreport.com} |
| The Angolan upstream petroleum regulator National Agency for Petroleum, Gas and Biofuels has announced . . . |
| | 20 January 2025 : Libya seeks investment, technology to unlock vast oil... {aa.com.tr} |
| Libya’s National Oil Corporation on Sunday called for increased investment and advanced technology to harness the countrys vast untapped oil and gas reserves . . . |
| | 20 January 2025 : Government cancels controversial PEP11 exploration licence {esdnews.com.au} |
| The controversial offshore Petroleum Exploration Permit 11 licence has been cancelled by the federal government . . . |
| | 17 January 2025 : Niger Delta youths demand 40% stake in new oil block licenses {zawya.com} |
| Tension rises in the Niger Delta on Wednesday as youths from Bayelsa, Rivers, Delta, and other oil-rich states demand a 40% allocation of oil bloc licenses . . . |
| | 17 January 2025 : Rwanda discovers 13 oil wells in Lake Kivu, further exploration... {independent.co.ug} |
| The Rwanda Mines, Petroleum, and Gas Board has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step . . . |
| | 17 January 2025 : Talos finds oil and gas at Katmai West #2 well in US... {offshore-technology.com} |
| Talos Energy has discovered oil and natural gas in commercial quantities at the Katmai West #2 well in the Ewing Bank area of the US Gulf of Mexico . . . |
| | 17 January 2025 : Libya seeks to revitalize energy sector with fresh exploration... {aa.com.tr} |
| North Africas hydrocarbon-rich nation Libya is intensifying its efforts to revitalize its energy sector . . . |
| | 16 January 2025 : China discovers over 400 mln tons of oil reserve in Sanmenxia Basin {ecns.cn} |
| China announced a discovery of 427 million metric tons of oil reserve in the Sanmenxia Basin, setting an example . . . |
| More news on Oil Exploration | ^Jump to the top^ |
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| 5. News on Oil Output |
| | 20 January 2025 : Alpha platform in Shah Deniz gas-condensate field restores output {en.apa.az} |
| Alpha platform restarted to operate in the Shah Deniz gas and condensate field starting from evening hours of January 18, BP-Azerbaijan told APA-Economics . . . |
| | 20 January 2025 : CBECC to develop $1.7 billion gas project in southern Iraq {iraqinews.com} |
| The director of the state-run Basra Oil Company, Bassem Abdul-Karim Al-Shamkhani, revealed on Thursday that Baghdad . . . |
| | 20 January 2025 : Gas output increases 1.7 mcm at South Pars Phase 13... {nournews.ir} |
| The deputy chief executive of Pars Oil and Gas Company for development affairs announces gas production capacity at South Pars Phase 13 . . . |
| | 20 January 2025 : OGDCL boosts oil output from Pasakhi-7 Well in Sindh {mettisglobal.news} |
| Oil & Gas Development Company Limited has declared an increase in oil production from the Pasakhi-7 well, situated in District Hyderabad, Sindh . . . |
| | 20 January 2025 : Sharara oil field production reached 306.440 barrels per day {libyaobserver.ly} |
| Akakus Oil Company announced on Sunday, that the Sharara oil field production reached 306,440 barrels per day . . . |
| | 20 January 2025 : Azerbaijan sees increase in lubricant oil production {en.trend.az} |
| Azerbaijans lubricant oil output from January through November 2024 reached a total of 69,600 tons . . . |
| | 20 January 2025 : Amid record gas output, Norway issues more than 50 offshore... {jpt.spe.org} |
| Norway awarded 53 new offshore oil and gas exploration and production licenses earlier this month for acreage in the Norwegian Continental Shelf . . . |
| | 20 January 2025 : Oil production on track for one million barrels per day by 2027... {stabroeknews.com} |
| Guyanas oil production is on track for one million barrels per day by 2027. Further, gas resources will be utilised as planned . . . |
| | 20 January 2025 : Libya plans to increase oil, gas production to 2 mln barrels... {globaltimes.cn} |
| The Acting Chairman of Libyas state-owned National Oil Corporation Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production . . . |
| | 19 January 2025 : Egypt boosts oil, gas production to 1.4 mmboe/d {egyptoil-gas.com} |
| Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Karim Badawi to discuss and review key updates on the ministrys projects . . . |
| More Oil Output News | ^Jump to the top^ |
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| 6. News on Oil Transportation |
| | 20 January 2025 : Indias petroleum products exports up 2% in April-December {financialexpress.com} |
| Indias exports of petroleum products grew marginally by 1.5% to 47.5 million tonne during April–December . . . |
| | 20 January 2025 : Tehran, Moscow agree on gas pipeline route via Azerbaijan {en.mehrnews.com} |
| Russia and Iran have agreed on a gas pipeline route to the Islamic republic through Azerbaijan, negotiations are in the final stage of agreeing . . . |
| | 18 January 2025 : U.S. sanctions could hit 1.5 million bpd of Russian oil exports {oilprice.com} |
| One week into the latest – and most aggressive yet – U.S. sanctions on Russian oil exports, the Asian buyers of Russian crude are scrambling . . . |
| | 17 January 2025 : Russian tanker discharges oil at Chinese Port after U.S. sanctions {oilprice.com} |
| A tanker carrying Russian crude discharged at a port operated by Shandong Port Group in east China on Thursday . . . |
| | 15 January 2025 : Egypt seeks four LNG cargoes for Feb-Mar delivery {marinelink.com} |
| Egypt has issued a tender seeking four cargoes of liquefied natural gas for delivery between February and March, two trading sources told Reuters . . . |
| | 15 January 2025 : Indias coal imports decline by 3.1% in April-October FY25 {Economic Times} |
| Indias coal imports fell by 3.1% to 149.39 million tonnes during April-October in FY25, compared to 154.17 MT in the same period last year . . . |
| | 15 January 2025 : Tk4,500cr pipeline planned to feed Bhola gas to energy-poor South {tbsnews.net} |
| The government plans to build a Tk4,500 crore pipeline from Bhola to Khulna. This will integrate the islands natural gas into the national grid . . . |
| | 15 January 2025 : Perus crude gains share in U.S. as Mexican exports slump {oilprice.com} |
| U.S. refiners are turning to rare niche crude grades from Latin America to fill the gap left by declining imports from Mexico . . . |
| | 14 January 2025 : Azerbaijan halts gas exports to Serbia, Serbian President says {chemanalyst.com} |
| Gas supplies from Azerbaijan to Serbia have been suspended, with no clear timeline for resumption, according to Serbian President Aleksandar Vucic . . . |
| | 14 January 2025 : Bangladeshs overall gas crisis set to ease from Monday {thefinancialexpress.com.bd} |
| The countrys overall natural gas crisis is set to ease from tomorrow on completion of repair and maintenance works . . . |
| More Oil Transportation News | ^Jump to the top^ |
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| 7. News on Oil companies |
| | 17 January 2025 : TotalEnergies expects better LNG trading in Q4 {oilprice.com} |
| TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading . . . |
| | 15 January 2025 : BP expects weak oil trading and refining margins to reduce Q4 profit {oilprice.com} |
| Weak oil trading and declining refining margins are expected to lower the fourth-quarter earnings at BP, the UK-based supermajor said on Tuesday . . . |
| | 13 January 2025 : ExxonMobil profits dip as it gives back almost $10 bn... {tiogapublishing.com} |
| ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business . . . |
| | 8 January 2025 : Exxon predicts a $700 million hit to profit due to lower oil prices {cnbctv18.com} |
| Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024 . . . |
| | 6 January 2025 : OMCs may post subdued refining margins in FY26 {financialexpress.com} |
| State-owned oil marketing companies are likely to register subdued gross refining margins during the upcoming financial year 2025-26 . . . |
| | 28 December 2024 : Petrobras informs about new law for the oil and gas sector {brazilenergyinsight.com} |
| Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which . . . |
| | 24 December 2024 : Oil India to launch subsidiary for Green Energy ventures {newsonprojects.com} |
| Oil India Ltd. has announced plans to establish a wholly-owned subsidiary, OIL Green Energy, to oversee its green and alternative energy ventures . . . |
| | 13 December 2024 : Dana Gas receives $20 million in payment from Egypt {thenationalnews.com} |
| Dana Gas, one of the largest private natural gas companies in the Middle East, received a $20 million payment from the Egyptian government . . . |
| | 12 December 2024 : bp to develop Teeside CCS projects {ogj.com} |
| bp has taken positive financial investment decision to progress to execution phase on the UKs first carbon capture and storage projects . . . |
| | 12 December 2024 : Oil giants profits slide 15.1% to $182.1 billion... {aa.com.tr} |
| Profits for nine of the worlds largest oil companies fell 15.1% in the January-September period, bringing their total profit down to $182.1 billion . . . |
| More news on oil companies | ^Jump to the top^ |
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| 8. Oil Contracts |
| | 19 January 2025 : Iraq finalizes deal with Halliburton to develop Nahr Bin Umar oilfield {iraqinews.com} |
| The director of the state-run Basra Oil Company, Bassem Abdul-Karim Al-Shamkhani, revealed on Thursday . . . |
| | 17 January 2025 : BP to ink agreement with Iraq to redevelop four Kirkuk oil... {offshore-technology.com} |
| UK oil and gas giant bp will sign a deal with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region in northern Iraq . . . |
| | 16 January 2025 : Iraq, BP to sign mammoth Kirkuk oil, gas deal in early February {dailysabah.com} |
| Iraq and British oil giant BP are set to finalize a major agreement involving four oil and gas fields in the northern city of Kirkuk in early February . . . |
| | 15 January 2025 : Saudi Arabia and Italy sign energy cooperation deal {oilprice.com} |
| Italy and Saudi Arabia on Tuesday signed a cooperation agreement in the energy sector, with an emphasis on renewable energy, hydrogen . . . |
| | 15 January 2025 : India-Russia term deal talks for crude oil on hold amid sanctions {business-standard.com} |
| Discussions on a term deal for crude oil purchases from Russia have ground to a halt in the wake of the latest sanctions on Russia . . . |
| | 13 January 2025 : Enppi, Petrojet secure $2.1b contract for ADNOC gas LNG Project {egyptoil-gas.com} |
| ADNOC Gas plc and its subsidiaries announced the awarding of three enabling contracts worth $2.1 billion for an LNG pre-conditioning plant . . . |
| | 13 January 2025 : Petrofac secures new services contract for Habshan Project in UAE {egyptoil-gas.com} |
| Petrofac has secured a new Engineering, Procurement and Construction contract worth $330 million for the Habshan Complex . . . |
| | 8 January 2025 : OMV strikes deal to deliver Romanian gas to Germany amid energy shift {pgjonline.com} |
| Austrias OMV has struck a deal to supply Germanys Uniper with gas from its Black Sea project from 2027 . . . |
| | 7 January 2025 : Meralco bags deal to build 600-MW gas plant in Singapore {business.inquirer.net} |
| PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp., won the contract to develop a new 600-megawatt gas-fired facility in Singapore . . . |
| | 2 January 2025 : Nortrans Offshore wins flotel work on Romanian gas project {splash247.com} |
| Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem . . . |
| More news on oil contracts | ^Jump to the top^ |
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| 10. News on Oil Pollution |
| | 20 January 2025 : Nigeria recorded over 589 oil spills in 2024, largely due to... {newscentral.africa} |
| In 2024, Nigeria documented at least 589 oil spills, according to data from the National Oil Spill Detection and Response Agencys Oil Spill Monitor . . . |
| | 16 January 2025 : Oil pipeline operator to pay just NIS 1.5 million... {timesofisrael.com} |
| The controversial Europe Asia Pipeline Company will pay just over NIS 1.5 million for causing the worst oil spill in Israels history . . . |
| | 15 January 2025 : Enbridge submits final report to federal regulators... {wpr.org} |
| An Enbridge report submitted to federal regulators states just four gallons of crude oil reached groundwater at the site of an Enbridge spill . . . |
| | 14 January 2025 : Russia creates task force to tackle Kerch Strait oil spill {safety4sea.com} |
| An emergency task force, including Russian Emergency Situations Minister Alexander Kurenkov, was deployed to the southern Krasnodar region . . . |
| | 13 January 2025 : Russia struggles to contain widespread Kerch Strait oil spill {indiatoday.in} |
| An emergency task force arrived in Russias southern Krasnodar region on Sunday as an oil spill in the Kerch Strait . . . |
| | 10 January 2025 : Russias Putin orders authorities to ramp up efforts to... {aa.com.tr} |
| Russian President Vladimir Putin, during a Cabinet meeting on Thursday, expressed his dissatisfaction with the Emergency Situations . . . |
| | 9 January 2025 : Fuel oil leaks from stranded tanker near Hokkaido beach {asahi.com} |
| Fuel oil has leaked from a 3,919-ton tanker that ran aground here on Jan. 6, but its cargo of 3,800 kiloliters of diesel fuel and kerosene did not spill out . . . |
| | 8 January 2025 : Santos fined $10,000 for condensate spill off Western... {petroleumaustralia.com.au} |
| Santos WA Northwest Pty Ltd has been fined $10,000 plus $9,700 in costs after pleading guilty to charges related to a condensate spill . . . |
| | 8 January 2025 : Enbridge pipeline oil spill near Madison prompts calls for disclosure {captimes.com} |
| A spill of over 1,600 barrels of crude oil near Dane County went undisclosed to the public for a month . . . |
| | 6 January 2025 : Russia clears beaches after Black Sea oil spill, declares... {indiatoday.in} |
| Russia declared a regional state of emergency on Saturday in Crimea, which it seized from Ukraine in 2014 . . . |
| More Oil Pollution news | ^Jump to the top^ |
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| 11. OPEC News |
| | 16 January 2025 : Dangote refinery petrol production affecting European markets... {punchng.com} |
| The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit production . . . |
| | 16 January 2025 : OPEC predicts robust oil demand growth in 2026 {sarkaritel.com} |
| The Organization of the Petroleum Exporting Countries on Wednesday forecast the global oil demand to grow . . . |
| | 8 January 2025 : OPEC oil output falls in December on UAE and Iran, survey finds {Reuters} |
| OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates . . . |
| | 8 January 2025 : Russia claims compliance with OPEC+ oil output cuts in December {oilprice.com} |
| Russian crude oil production fell in December to below Moscows output cap under the OPEC+ agreement . . . |
| | 7 January 2025 : Oil averaging $65 in 25 to keep OPEC+ under pressure... {bnnbloomberg.ca} |
| International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries outstrips the growth . . . |
| | 7 January 2025 : OPEC crude production falls with UAE cutbacks {investing.com} |
| On Monday, the Organization of Petroleum Exporting Countries reported a decrease in its crude production . . . |
| | 3 January 2025 : OPEC daily basket price stood at $74.59 per barrel Tuesday {apanews.net} |
| The price of OPEC basket of 12 crudes stood at $74.59 a barrel on Tuesday, December 31, 2024, compared with $74.62 the previous day . . . |
| | 2 January 2025 : OPEC+ reschedules oil output rise to April... {caliber.az} |
| OPEC+ has postponed the planned oil production ramp-up until April, with the alliances production in January set to decrease by 21,000 barrels per day . . . |
| | 31 December 2024 : OPEC daily basket price stood at $73.91 per barrel Friday {apanews.net} |
| The price of OPEC basket of 12 crudes stood at $73.91 a barrel on Friday December 27, 2024, compared with $73.92 the previous day . . . |
| | 19 December 2024 : Opec+ wary of rise in US oil output under Trump {agbi.com} |
| Opec+ members are contemplating a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said . . . |
| More OPEC News | ^Jump to the top^ |
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| 13. News on Biofuels |
| | 20 January 2025 : Australias ethanol plants underutilised by 60pc {graincentral.com} |
| Despite efforts to boost domestic production of low-carbon liquid fuels, Australias ethanol refineries are operating at 40 percent of their combined capacity . . . |
| | 20 January 2025 : India to export 1 million tons of sugar amid rising ethanol... {financialexpress.com} |
| India is set to allow the export of 1 million metric tons of sugar during the current season, according to government and industry sources . . . |
| | 17 January 2025 : US DoE and EPA announce funding to support advanced biofuel projects {biofuels-news.com} |
| The US Department of Energy, Bioenergy Technologies Office and the US Environmental Protection Agency announced $6 million . . . |
| | 17 January 2025 : U.S. ethanol exports to Brazil face tariff increase {Reuters} |
| Brazil increased a tariff on imported ethanol to 11.75 percent on Monday, in a move expected to benefit local cane mills . . . |
| | 17 January 2025 : India achieves highest-ever ethanol blending of 18.2% in December... {chinimandi.com} |
| In the ongoing Ethanol Supply Year 2024-25, ethanol blending in petrol reached 18.2 percent in December . . . |
| | 16 January 2025 : Growth Energy warns EPA against cutting cellulosic biofuel volumes {biofuels-news.com} |
| Growth Energy has urged the US Environmental Protection Agency not to retroactively reduce renewable volume obligations . . . |
| | 16 January 2025 : EIA: Ethanol production down 1%, stocks up 4%, exports down 19% {ethanolproducer.com} |
| U.S. fuel ethanol production was down approximately 1% the week ending Jan. 10, according to data released by the U.S. Energy Information Administration . . . |
| | 15 January 2025 : EIA maintains 2025 fuel ethanol production outlook... {ethanolproducer.com} |
| The U.S. Energy Information Administration maintained its forecast for 2025 fuel ethanol production in its latest Short-Term Energy Outlook . . . |
| | 14 January 2025 : Aemetis Biogas receives $11 million from sale of IRA investment... {ethanolproducer.com} |
| Aemetis Inc., a renewable natural gas and renewable fuels company, announced today the receipt of $11 million, after transaction costs . . . |
| | 14 January 2025 : USDA awards $1 million REAP grant to KAPPA Energy {ethanolproducer.com} |
| The USDA on Jan. 10 awarded $120 million in grants to 516 projects under the Rural Energy for America Program . . . |
| More Biofuels News | ^Jump to the top^ |
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