News | APHRAOH

#oilprice.com. × CNOOC Profit Jumps by 11% on Record Oil and Gas Production | OilPrice.com. CNOOC reported an 11.4% increase in net profit for 2024, driven by record oil and gas production, which compensated for lower average oil prices.

#oilprice.com. × Uganda’s $5-Billion Oil Export Pipeline Secures Initial Funding | OilPrice.com. The East African Crude Oil Pipeline (EACOP) project has secured its first tranche of external financing, amounting to $1 billion, to support the construction of the pipeline from Uganda to Tanzania.

#oilprice.com. × Clean Jet Fuel Production Lagging Behind 2030 Goals | OilPrice.com. The ramp-up of Sustainable Aviation Fuel (SAF) is proceeding slower than expected due to high costs and economic uncertainty, hindering the achievement of 2030 clean jet fuel targets.

#oilprice.com. × China Climate Envoy Calls Transition “Irreversible” | OilPrice.com. China asserts that the global energy transition is irreversible and will proceed despite the United States' withdrawal from the Paris Agreement, citing continued commitment from other nations, market f

#oilprice.com. × Political Struggles Threaten Nigeria’s Oil Production Recovery | OilPrice.com. A series of pipeline explosions and fires in Nigeria's Niger Delta, amid a political crisis, are threatening the country's efforts to increase oil and gas production.

#oilprice.com. × Coal Prices in China Could Fall Even Further | OilPrice.com. China's coal market faces a significant oversupply, leading to predictions of further price declines despite record-high thermal power generation.

#oilprice.com. × U.S. Files Lawsuit for the Forfeiture of $47 Million in Iranian Oil Proceeds | OilPrice.com. The U.S. Department of Justice has filed a lawsuit seeking the forfeiture of $47 million from the sale of Iranian oil, claiming the proceeds benefited terrorist organizations.

#oilprice.com. × Dallas Fed Survey Respondents Bearish on Short Term Oil Prices | OilPrice.com. On average, respondents expect a West Texas Intermediate (WTI) oil price of $68 per barrel at year-end 2025, slightly lower than the current price of $69.87 per barrel

#oilprice.com. × Deferred EU Ban On Transshipment of Russian LNG In Force Today | OilPrice.com. An EU ban on transshipment of Russian liquefied gas (LNG) in ports introduced in June 2024, with a deferral granted until March 26, 2025, has finally come into force

#oilprice.com. × Iraq Hands BP Final Approval for Kirkuk Oil Development | OilPrice.com. BP has received final approval from the Iraqi government for a $25 billion redevelopment project of the Kirkuk oil fields, marking a significant step in Iraq's efforts to revive its oil industry.

#oilprice.com. × China’s ENN Energy Valued at $11.6 Billion in Privatization Offer | OilPrice.com. ENN Natural Gas, an affiliate of the ENN Group, has made a $11.6 billion privatization offer to acquire the remaining stake in ENN Energy Holdings Limited.

#oilprice.com. × Chevron Expresses Interest in More Exploration Blocks Offshore Greece | OilPrice.com. Chevron has expressed interest in exploring two additional offshore blocks south of the Greek island of Crete, significantly expanding the potential exploration area in Greek waters.

#oilprice.com. × Ithaca Raises Oil and Gas Output Guidance After Buying Eni’s UK Assets | OilPrice.com. Ithaca Energy, now a major player in the UK North Sea after acquiring Eni's UK business, anticipates a substantial increase in its full-year 2025 production.

#oilprice.com. × Europe’s Natural Gas Prices Drop as Supply Concerns Ease | OilPrice.com. Europe’s benchmark natural gas prices fell on Wednesday for a second consecutive day amid milder weather and increasing LNG supply

#oilprice.com. × Kenya to Launch Oil and Gas Licensing Round in September | OilPrice.com. Kenya plans to launch an oil and gas exploration round for 10 blocks in September, seeking to revive its stalled oil industry and attract international investors.

#oilprice.com. × Venture Global Ready for Official Launch of Calcasieu Pass LNG | OilPrice.com. After years of selling liquefied natural gas on the spot market, Venture Global’s Calcasieu Pass LNG plant is ready to begin operation officially

#oilprice.com. × Oil Rises on Larger Than Expected Crude Draw | OilPrice.com. A draw in both crude and product inventories sent oil prices higher on Tuesday afternoon

#oilprice.com. × Glencore Cuts Coal as Market Glut Smothers Prices | OilPrice.com. The world’s biggest exporter of thermal coal has finally said “enough is enough” and announced it’s cutting output at its Colombian Cerrejon mine by up to 10 million tons this year

#oilprice.com. × Russia Not Releasing Details of Talks with the U.S. on Ukraine | OilPrice.com. Russia on Tuesday said that it would not make public details of the 12 hours of talks with the U.S. on Ukraine which ended on Monday amid expectations that a joint U.S.-Russia statement would be issued

#oilprice.com. × China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil | OilPrice.com. China's trade with Venezuela, its largest oil supplier, has stalled after U.S. President Trump threatened 25% tariffs on goods from any country importing Venezuelan oil.

#oilprice.com. × Shell Flags Uncertain Outcome of $1.6-Billion Russian Court Claim | OilPrice.com. Shell faces a Russian court claim seeking $1.62 billion for alleged unpaid gas deliveries and declarations related to Sakhalin, with the outcome and potential financial impact remaining highly uncertai

#oilprice.com. × Biggest Indian Oil Producer Seeks to Diversify to Withstand Supply Glut | OilPrice.com. Indian state-owned ONGC is planning to diversify its operations into refining, petrochemicals, LNG trading, and renewable energy to mitigate risks associated with a potential global oil supply glut and

#oilprice.com. × India’s Peak Electricity Demand Set to Jump By 10% in 2025 | OilPrice.com. India's peak power demand is expected to surge by 9-10% this summer due to anticipated heatwaves, building on last year's record-breaking consumption.

#oilprice.com. × Alaska Seeks South Korean Investors for Its $44-Billion LNG Project | OilPrice.com. Alaska Governor Mike Dunleavy discussed the $44 billion Alaska LNG project and potential energy and trade cooperation with South Korean Industry Minister Ahn Duk-geun, aiming to attract Asian investmen

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