Commodities

MOL Group to function new onshore exploration block below SOCAR settlement in Azerbaijan

MOL Group and SOCAR have signed a complete onshore exploration, growth and manufacturing sharing settlement protecting the Shamakhi-Gobustan area of Azerbaijan, strengthening their long-standing upstream partnership within the Caspian area. Beneath the settlement, MOL...

$1.8-billion PPF mission permitted to revive beforehand produced fields at Ekofisk

Vår Energi and its license companions, led by operator ConocoPhillips, have taken a closing funding choice (FID) on the Beforehand Produced Fields (PPF) Mission within the Higher Ekofisk Space, advancing a large-scale subsea...

Center East oil costs weaken as regional provide outpaces demand

(Bloomberg) – The Center Jap oil market has weakened in current weeks on concern that regional provides will outstrip demand, including to indicators of a softening world image that’s weighed on benchmark crude...

KROHNE advances ultrasonic movement meter verification to spice up custody switch accuracy

BEVERLY, Mass. — KROHNE is spotlighting new developments in ultrasonic movement meter verification designed to enhance accuracy and effectivity in custody switch functions throughout the oil and fuel sector. ...

EIA initiatives slight drop in U.S. crude output for 2026 after years of progress

WASHINGTON (WO) — U.S. crude oil manufacturing is anticipated to dip barely in 2026, ending a four-year streak of regular progress, in accordance with the U.S. Vitality Data Administration’s (EIA) newest Brief-Time period...

bp delivers seventh main 2025 startup with Atlantis Drill Middle 1 enlargement

bp has achieved first oil from the Atlantis Drill Middle 1 enlargement within...

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