(Oil Price)– Reliance Industries, the top private refiner in India, has accelerated crude oil purchases from the Middle East, traders told Bloomberg on Tuesday, as the fate of Russian barrels going to India remains unclear. Reliance, which typically buys crude from the Middle East, has been more active than usual in procuring oil from the Gulf region in recent weeks. The refiner
(World Oil)- MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production Lease (Mari D&PL) in Sindh Province, Pakistan. The company operates the block with a 100% working interest. The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well
(BOE Report)– Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation activity in U.S.
North Dakota Petroleum Council – The North Dakota Oil & Gas Research Council met on Friday, October 17, 2025, and has recommended approving $45 million for North Dakota Enhanced Oil Recovery (EOR) pilot projects that could unlock billions of barrels in untapped reserves throughout the Williston Basin. The meeting began with opening remarks by Kyle Haustveit, Assistant Secretary of Fossil Energy,
(Investing.com)– Oil prices steadied on Tuesday on easing concerns about an oversupplied market and the trade dispute between the U.S. and China, the world’s top two oil consumers. Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT. The U.S. West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, was
(Oil Price)– The proponents of the $44-billion Alaska LNG are expected to complete by the end of the year the crucial engineering and cost study for an 800-mile-long pipeline set to service the export project, U.S. Secretary of the Interior Doug Burgum has said. “There’s a lot of optimism about the Alaska LNG project, and the FEED study should be
(Oil Price)– For years, Canada’s oil and gas sector was plagued by pipeline shortages that severely limited the country’s capacity for export and forced producers to sell at a major discount as storage capacity became maxed out across the nation. But all of that changed when the Trans Mountain Expansion project finally came online after years of delays on May
(World Oil)– Brazil’s state-controlled energy company received approval to explore for oil near the mouth of the Amazon River, capping a yearslong standoff with environmental regulators Petroleo Brasileiro SA said in a filing Monday that it received permission to drill one exploratory well in the Foz do Amazonas basin. “The drill rig is at the well site and drilling is
