US Announces Oil, Gas Drilling Auction Plans for June
The US plans to offer oil and gas firms drilling rights of federal acreage. These drilling rights are set to be in eight states at least and will be offered in June.
News / International
IDC Completes Drilling of Oil Well at Al Gharraf Field
Iraqi Drilling Company (IDC) announced that it has completed the drilling operation of an oil well at Al Gharraf field.
German Unions, Employers Oppose Halting Russian Gas
The opposing forces say that the boycott would result into factory shutdowns, leading to loss of jobs affecting the EU's largest economy.
NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia
The National Energy ServicesReunited Corp (NESR) has announced that it has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia.
Libya Shuts Down Al-Sharara Field Amid Wave of Oilfield Closures
The Libyan National Oil and Gas Company (NOC) announced the force majeure on the Al-Sharara oil field.
Libyan Oil Ministry: Field Closures Will Force Production Down
The Ministry of Oil and Gas is following up on the statements and announcements issued regarding the closure of some oil fields and ports on the basis of the current political tensions between the various political parties.
Russian Oil Company Rosneft Acquires 37.5% of German PCK Refinery
Through this acquisition, Rosneft will increase its ownership in PCK from 54.17 % to 91.67%.
Gazprom Continues to Export Gas to Europe through Ukraine
In response to requests from European consumers, Gazprom (GAZP.MM) continued to supply natural gas to Europe via Ukraine on Sunday.
Libya’s NOC Declares Force Majeure at the Al-Feel Field
Libya’s National Oil Company (NOC) declared force majeure on Mellitah crude at Al-Feel field due to arbitrary closure attempts caused by a group of individuals on April 16th who prevented the field's workers from continuing production leading to a total shut down a day later.
Japan to Release 6 mmbl of Oil from Private Reserves
Japan’s Industry Ministry announced that it will release 6 million barrels (mmbbl) of oil from its private reserves as a part of its contribution to a second round of the International Energy Agency’s (IEA) release to make oil prices drop.
