As Lukoil looks to quit Iraq, country faces new energy conundrum
Lukoil holds a 75% stake in the West Qurna 2 oilfield, while the rest is controlled by the state-owned South Oil Company...
Category : Oil & Gas
Will stay dominant in oil, asserts Saudi Aramco CEO Amin Nasser
Aramco still views chemicals as a strategic growth area, even as rivals such as Shell and Exxon Mobil scale back operations...
IF Insights: Turkey’s clean energy surge undermines gas market hopes
Turkey's reliance on gas and other fossil fuels for power generation seems to be decreasing due to the growing supply of clean energy and the expansion of battery storage capacity...
European Union regulators set to pause subsidy probe into ADNOC’s Covestro deal
ADNOC's acquisition of Covestro in October 2024 was the largest to date and marked one of the biggest foreign takeovers of a European Union company by a Gulf state...
Santos’ LNG deal with QatarEnergy subsidiary: All you need to know
Under the deal, Santos said it would supply 0.5 million tonnes of LNG per annum over a period of two years from 2026...
Sierra Leone aims to be West Africa’s newest oil & gas exploration frontier
Foday Mansaray stated that Sierra Leone has an estimated 30 billion barrels of oil equivalent recoverable offshore...
Iraq’s USD 100 billion gamble: Can dreams survive oil price decline & fiscal strain?
With about four million daily crude barrel production, Iraq depends mostly on unpredictable oil sales for around 90% of its national income...
Petroleum Trading Lao revolutionises fuel access
Petroleum Trading Lao currently deals with five categories of products: diesel oil, Benzene Regular 91, Benzene Super 95, bunker oil, lubricant oil and petrochemical products...
OPEC sticks to 2025 & 2026 global oil demand growth forecasts
With Brent crude trading lower at USD 76 per barrel following the release of the OPEC report, oil prices remained stable...
Eyeing oil production boost, Libya to go for license bidding in 2025
Ahmet Turkoglu highlighted Libya’s offshore energy sector as a promising area for exploration and development, describing existing fields and brownfields as holding immense opportunities...