XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. SourceContinue Reading

Russia and Ukraine Prepare for Direct Peace Talks in Turkey | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 14, 2025, 11:00 AM CDT Ukraine and...Continue Reading

McDermott has successfully completed fabrication, construction, and offshore floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. SourceContinue Reading

XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. SourceContinue Reading

ADNOC’s XRG Takes Stake in Offshore Gas Block in Turkmenistan | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 14, 2025, 10:30 AM CDT XRG, the newly created energy investment firm of Abu Dhabi’s national oil company ADNOC, has taken a 38% stake in a...Continue Reading

Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American...Continue Reading

OPEC+ Production Fell in April Despite Pledge to Start Hiking Output | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 14, 2025, 9:30 AM CDT All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd)...Continue Reading

Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia. The field will contribute up to 100 MMscfd of gas or approx. 18,000 boed to Eni’s production. This startup is another example of fast-track development as the field was brought on production approximately two years from FID. SourceContinue Reading

OPEC Cuts Forecast of Oil Supply Growth From Rival Producers | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 14, 2025, 9:00 AM CDT OPEC projects an 800,000 bpd increase in non-OPEC+ oil supply for both 2025 and 2026, down 100,000 bpd from previous estimates....Continue Reading

Indian Coal Imports Dip as Domestic Output Rises | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 14, 2025, 8:21 AM CDT India’s coal imports fell by 9.2% in the period April 2024 – February 2025 from a year earlier as domestic production rose by...Continue Reading