Oil prices regain some ground on Israel-Hamas war uncertainty
NEW DELHI, Oct 24 (Reuters) - Oil prices rose on Tuesday, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.
World oil, gas, coal demand to peak by 2030, IEA says
World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment.
Petrovietnam works hard to maintain oil output
The Vietnam Oil and Gas Group (Petrovietnam) is comprehensively implementing a series of solutions to maintain its output of oil and gas in the face of various challenges.
Petrovietnam pushes initiatives to sustain oil and gas production
Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations.
Saudia Arabia to extend oil production cut, OPEC delegates predict
Saudi Arabia is expected to extend its unilateral 1 MMbpd oil production cut for at least another month, as global crude markets remain pressured by economic fears.
Norway approves over $18 billion of oil, natural gas projects
Norway’s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion) as Europe’s biggest supplier of natural gas works to keep up production.
QatarEnergy signs 15-year LNG deal with Bangladesh
QatarEnergy’s LNG trading arm, QatarEnergy Trading, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG to Bangladesh for 15 years, starting in 2026.
OPEC: Saudi Arabia to make additional 1 MMbpd oil production cut in July 2023
Saudi Arabia will make an extra 1 MMbpd oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.
Halliburton increases drilling accuracy with industry’s “closest to bit” ultra-deep resistivity service
Halliburton Company introduced the EarthStar X near-bit shallow and ultra-deep resistivity service, part of the iStar intelligent drilling and logging platform.
Chevron: Natural gas to play “long-term” role in curbing emissions
Chevron Corp. said natural gas will play a long-term role in curbing emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy.