OTC Asia 2026

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      Shell starts production at Vito in US Gulf of Mexico

      Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production facility in the US...

      Price Cap By Countries Prompts Russia To Cut Oil Production

      Russia is all set to decrease the crude oil production by 500,000 in a day starting March this year. This step comes after major...

      Russia Contemplating Windfall Tax To Cover Oil Revenue Dip

      Moscow is planning to go ahead with a one-time windfall tax on large companies as a stopgap step to keep a check on the...

      Reduced Saudi Crude Prices Expected For 4 Months Straight

      For the straight fourth month this march, world’s largest oil exporter, Saudi Arabia may reduce prices of grades that are sold to Asia because...

      Trillion Energy to increase gas production at SASB gas field with three new side-track wells

      Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its...

      Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil

      Perenco Brazil announced that the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, left Dubai and is on its way to the Pargo Cluster...

      Despite Demand Uncertainties, Oil Price End 2022 On A High

      Despite a sudden increase in US crude supplies, worries about the recession, and worries about demand because of a repeat of COVID-19 infections in...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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