Aker BP has strengthened its position in the North Sea following a strategic asset swap with JAPEX Norge, the Norwegian subsidiary of Japan Petroleum Exploration Co., Ltd. (JAPEX). The deal…
Petrol
Petrol, also known as gasoline, is a flammable liquid derived from crude oil. It serves as a primary fuel for internal combustion engines in vehicles. Its composition includes hydrocarbons and various additives, optimizing performance and emissions in modern engines.
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Historic Oil and Gas Discovery in Baltic Sea Could Transform Poland’s Energy Landscape
by Yukiby YukiCentral European Petroleum (CEP), a Canadian exploration and production company majority-owned by Norwegian investors, has announced a significant oil discovery at its wholly owned Wolin East 1 (WE1) well in…
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Central European Petroleum (CEP), the Polish branch of the Canadian-founded energy company, has announced Poland’s largest oil and gas find to date near Świnoujście, a discovery that could significantly boost…
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Central European Petroleum (CEP) has announced a major breakthrough with the discovery of Poland’s largest conventional oil deposit in ten years, located off the Baltic Sea coast near Świnoujście, according…
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U.K.-based energy company EnQuest has been awarded a Production Sharing Contract (PSC) for Block C, an offshore oil and gas block in Brunei, by the Petroleum Authority of Brunei Darussalam…
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In a landmark achievement for Brazil’s offshore energy sector, the Floating Production, Storage and Offloading (FPSO) unit Guanabara MV31, operated by Japan-based offshore engineering company MODEC, has been named the…
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Oil Prices Climb Amid Red Sea Attacks, U.S. Output Forecast Cuts, and Tariff Tensions
by Yukiby YukiBrent crude futures were up 48 cents, or 0.7%, trading at $70.63 a barrel as of 08:55 GMT. U.S. West Texas Intermediate (WTI) crude gained 51 cents, or 0.8%, reaching…
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Saudi Arabia is expected to burn more crude oil for power generation this summer than it did last year. This increase comes as the country raises production following OPEC+’s decision…
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Fuel prices will go up by as much as P1.70 per liter starting Tuesday, May 20, ending a two-week streak of price drops. Gasoline will rise by P1.20 per liter,…
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China Petroleum Engineering Corporation, the engineering arm of China National Petroleum Corporation (CNPC), has won its third major gas contract in the Middle East this year, valued at USD 1.6…