India’s Big Boost for Maritime Oil & Gas Exploration
The Indian government is looking to reduce its 90% reliance on imported crude by providing an $8.8 billion boost to private sector maritime oil and gas exploration.
oil
Houthi Threats Are Forcing Saudi Oil Tankers to Go “Dark” in the Red Sea
Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks by Yemen's Iran-aligned Houthis, with analysts saying all recent Yanbu loadings have been conducted "dark".
New Argentina Pipeline to Carry Shale Oil to Atlantic Port for Exports in 2027
Argentine oil company YPF expects to begin exporting 180,000 barrels of oil per day through a port in Rio Negro province from January as part of the VMOS project, Chief Executive Horacio Marin said on Wednesday."We will start exporting in…
Middle East Oil Recovery Unlikely Before End of 2027, EIA Says
Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the US Energy Information Administration said on…
Nigeria Updates Offshore Oil and Gas Framework to Lure Investment
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments.Nigeria has…
Grounded Shadow Tanker Threatens Omani Nature Reserve With Sprawling Oil Slick
Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometres, the country's government said on Monday.The Caroline Bezengi is loaded with close to one million barrels of Russian…