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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Natural Gas
26-03-2025
Drilling Starts on Romanian Black Sea Offshore Gas Project That Challenges Russia
Drilling at Romania's Neptun Deep offshore gas project began in the Black Sea on Sunday, its owners said on Tuesday, putting one of the EU's largest gas deposits on track for production in 2027 that could help ease the shift from Russian g
LNG
25-03-2025
LNG Canada to Start Cooldown of Plant Next Week in Final Step Before First LNG
An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada's plant in Kitimat, British Columbia, considered the final step before the plant begins production of the superchilled gas.A 225,000-m3 storage tank, one of
Oil Field
24-03-2025
Oilfield With 100 Million Tons of Shale Oil Reserve Certified in E.china
The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially passed a review and documentation process at the Ministry of Natural Resources to become Chi
Crude Oil
24-03-2025
Iraq’s Kurdistan Crude Output at 286,000 Bpd, Oil Minister Says
Iraq’s Kurdistan region is producing 286,000 barrels of crude oil per day, Iraqi oil minister Hayan Abdel-Ghani told state television on Sunday, citing secondary sources.OPEC+ uses secondary sources to help monitor its output as a legacy of hist
Oil&Gas Drilling
21-03-2025
Trump Administration to Open More Alaska Acres for Oil, Gas Drilling
U.S. Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying out President Donald Trump's executive order to r
Crude Oil
20-03-2025
EIA Raises USA Crude Oil Production Forecast
The U.S. Energy Information Administration (EIA) raised its U.S. crude oil production forecast for 2025 and 2026 in its latest short term energy outlook (STEO), which was released recently.The U.S. Energy Information Administration raised its U.S. crude o
Natural Gas
23-03-2025
Northwind Midstream Advances Projects in New Mexico
Northwind Midstream Partners LLC said it has advanced several midstream projects in New Mexico, underpinned by long-term commitments and more than 165,000 dedicated acres from several of the basin’s leading public and private independent oil and
Gas Pipeline
19-03-2025
Brazil’s Government Wants Lower Prices for Natgas Pipeline and Processing, Minister Says
Brazil could cut prices for firms to access gas pipelines and natural gas processing units, in a bid to lower consumer prices, Brazil's Minister of Mines and Energy Alexandre Silveira said on Tuesday.Minister of Mines and Energy of Brazil Alexandr
Oil & Gas Trade
18-03-2025
Venezuela’s PDVSA to Keep Producing, Exporting Oil Previously Handled by Chevron, Document Says
Venezuela's state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest joint venture with Chevron (CVX.N), once a license for the U.S. major to operate in the country expir
LNG
17-03-2025
Hanwha Ocean Wins W2.3tr LNG Carrier Order From Evergreen Marine of Taiwan
Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won ($1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied natural gas carriers.This photo, provided on Monday, shows a recent contract signing ceremony bet
Oil&Gas Drilling
16-03-2025
TechnipFMC Signs Deepwater Exploration Agreement With India’s Largest Private E&P Co.
Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, has entered into a strategic alliance with TechnipFMC to accelerate the delivery of integrated subsea infrastructure for futur
Crude Oil
16-03-2025
Nigerian Player Sets Sights on Offshore Production Ramp-Up, Targeting 20+ Wells in 2025
Nigeria’s oil and gas company Seplat Energy aims to drive transformation in Nigeria, partly by increasing offshore oil and gas production in 2025.While speaking at an industry event in Nigeria, Chief Executive Officer of Seplat Energy, Roger Bro
Oil&Gas Drilling
14-03-2025
BP Plans to Explore for New Oil in Azeri Caspian Sea
BP (BP.L), plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told.Logo of British Petrol BP is seen at petrol station in Pienkow, Poland, June 8, 2022.BP is already working on stemming declining outpu
Oil&Gas Drilling
13-03-2025
China Extends Subsidies for Unconventional Gas Drilling
China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.China is extending a subsidy program to support unconventional natural gas drilling as it conti
Oil Shale
13-03-2025
CERAWEEK Turkey to Develop Its Shale Fields With US Producer Continental Resources
Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country’s Diyarbakir Basin, Turkish Energy Minister Alparslan Bayraktar said on social media platf
LNG
12-03-2025
CERAWEEK Regulator Approves Cheniere Texas LNG Plant Expansion, Says Executive
U.S. regulators have approved the expansion of Cheniere Energy's (LNG.N),Corpus Christi liquefied natural gas plant in Texas, a Cheniere executive said on Tuesday.A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere
LNG
11-03-2025
Ceraweek Woodside Investment Decision on Louisiana LNG May Slip Into Q2, Says CEO
Australia's Woodside LNG (WDS.AX), may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told on Monday.Woodsid
Crude Oil
10-03-2025
Turkiye’s Daily Oil Production Reaches 132,000 Barrels
Turkiye significantly increased its domestic oil production, reaching a daily output of 132,000 barrels as of March, Turkish Energy and Natural Resources Minister Alparslan Bayraktar told the semi-official Anadolu Agency recently.The Turkish minister anno
Crude Oil
07-03-2025
Mexico President Says Problems With Salt Content in Crude Oil Solved
Mexican President Claudia Sheinbaum said on Thursday that problems with a higher-than-usual content of salt in the crude oil that state energy company Pemex pumps and exports have been resolved.Mexico's President Claudia Sheinbaum waves as she att
Oil Field
06-03-2025
CNOOC Achieves Major Breakthrough in Exploration of Buried Hills in Beibu Gulf Basin
CNOOC Limited (the Company, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin.CNOOC achieves major breakthrough in exp
LNG
06-03-2025
US Approves LNG Export Extension for Golden Pass
The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil (XOM.N), being built in Texas.The logo of American multinatio
Oil & Gas Trade
05-03-2025
US Orders Wind down of Chevron’s Oil Exports From Venezuela
The Trump administration said on Tuesday it was ending a license that the U.S. had granted to oil producer Chevron (CVX.N),since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on e
LNG
04-03-2025
New Fortress Energy Posts Quarterly Loss Amid Lower LNG Export Prices
U.S. LNG firm New Fortress Energy (NFE.O),posted a loss in the fourth quarter on Monday, hurt by weaker performance in its ships as well as terminals and infrastructure segments.LNG exports in the U.S. rose in 2024, reaching near-record levels in December
Oil & Gas Trade
03-03-2025
Finland to Release Oil Tanker Suspected of Power Cable Breach
Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to international waters even as the criminal probe continues, police said on Sunday.Finnish Bo
Oil & Gas Trade
28-02-2025
Congress Kills Biden Era Methane Fee on Oil, Gas Producers
On February 27, 2025, the U.S. Senate voted to approve a resolution reversing a Biden administration policy that introduced a fee on methane emissions. This decision targets a measure previously set by the Environmental Protection Agency (EPA) aimed at re
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Most views from Oil & Gas
1
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
2
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
3
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
4
Shell Sorry for Buying Russian Crude
5
Oil Prices Post 3% Annual Decline
6
Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows
