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Oil & Gas
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Oil & Gas Trade
18-09-2024
Saudi Aramco Wants to Be a Major LNG Gas Player, Gas Chief Says
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing RightsThe world's largest oil producer, Saudi Aramco (2222.SE), opens new tab, wants to become a ma
Natural Gas
18-09-2024
Chevron CEO Hits Biden’s Natural Gas Policies, Says Fuel Is Crucial for AI
Chevron CEO Michael Wirth gives the keynote address as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 17, 2024. REUTERS/Callaghan O'Hare Purchase Licensing RightsChevron (CV
Oil & Gas Trade
14-09-2024
Qatar Plans to Increase Its Stake in Iberdrola
Credit: Poetra.RH via Shutterstock.Qatar Investment Authority, the nation’s sovereign wealth fund, controlling an estimated $475bn (QR1.73bn) of assets, is considering increasing its stake in Spain’s leading utility company, Iberdrola.
LNG
14-09-2024
Egypt Fully Awards Tender for 20 Winter LNG Cargoes, Sources Say
Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected premiums, trading sources told Reuters on Friday.The most populous
Oil & Gas Trade
14-09-2024
Nigerian Communities Seek $310 Million From Shell, Want Asset Sale Stopped
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsNigerian communities are claimi
Oil & Gas Trade
14-09-2024
Vienna Power Firm Says Will Phase Out Russian Gas in 2025
A view shows Wien Energie (Vienna Energy) office building in Vienna, Austria, August 30, 2022. REUTERS/Leonhard Foeger/File Photo Purchase Licensing RightsVienna's main power company said on Friday it would phase out its use of Russian natural gas
Oil & Gas Trade
14-09-2024
Suriname’s Staatsolie Signs Energy Production Sharing Contracts With Petrochina
A 3D printed natural gas pipeline is placed in front of displayed PetroChina logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsSuriname state-oil company Staatsolie on Friday said it sign
Oil & Gas Supply
13-09-2024
Over 40% of US Gulf of Mexico Oil Output Shut-in by Francine
About 42% of crude oil production and 53% of natural gas output in the U.S. Gulf of Mexico were shut-in on Thursday in the wake of Hurricane Francine, the U.S. offshore energy regulator said.Francine tore through the U.S. Gulf of Mexico's prime oi
Oil Field
12-09-2024
Poland’s Top Refiner Orlen Discovers ‘Big’ Oilfield in Western Poland
Poland's largest refiner Orlen (PKN.WA) logo is displayed at their petrol station in Bialystok, Poland, October 2, 2023. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsPoland's largest refiner and energy firm Orlen (PKN.WA), ope
LNG
11-09-2024
PV Power Receives $521.5m Loan for Vietnam’s First LNG to Electricity Plants
Citi and ING Germany alongside Korea Trade Insurance Corporation (K-Sure), and Swiss Export Risk Insurance (SERV) have closed a 12-year financing loan worth $521.5m for Petrovietnam Power Corporation (PV Power).In a statement, Citi said the financing will
Oil Price
11-09-2024
US EIA Lifts Oil Demand Forecast, Says Prices Will Recover to Above $80/Bbl
Model of natural gas pipeline and U.S. flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsGlobal oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts, the U.S
Oil&Gas Drilling
11-09-2024
Ecuador’s Petroecuador Launches Bidding Process for Offshore Gas Field
A gasoline station of Ecuador's state oil company Petroecuador is pictured, in Quito, Ecuador June 21, 2024. REUTERS/Karen Toro/File Photo Purchase Licensing RightsEcuador's state-owned energy company Petroecuador on Tuesday said it will l
Oil & Gas Trade
11-09-2024
Oil Producer APA Corp to Sell Permian Assets for $950 Mln
An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightsU.S. oil and gas producer APA Corp (APA.O), opens new tab said on Tuesday it would sell non-core Permi
LNG
11-09-2024
Japan Considers Company Support Measures for Long-Term LNG Contracts, NHK Reports
Model of LNG tanker is seen in front of Japan's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsThe Japanese government is considering support measures to make it easier for compani
Oil&Gas Drilling
10-09-2024
Pembina Gas Infrastructure to Acquire Four Oil Batteries in Alberta From Veren for $295M
Veren to divest four oil batteries in the Montney Formation to Pembina Gas Infrastructure. (Credit: John R Perry from Pixabay)Pembina Gas Infrastructure (PGI) has agreed to acquire four oil batteries in the Montney Formation, Alberta, Canada from Veren (f
Oil&Gas Drilling
10-09-2024
CNOOC Limited Announces Another Major Breakthrough in Ultra-Deepwater Natural Gas Exploration
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin. The well was tested t
Oil & Gas Trade
10-09-2024
Exxon Withdraws From Race to Buy Stake in Namibia Oil Block From Galp, Sources Say
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab has pulled out of the race to buy half of Galp Energia's (GALP.LS), opens n
LNG
10-09-2024
ADNOC to Supply Indian Oil With LNG for 15 Years
General view of Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE December 10, 2019. Picture taken December 10, 2019. REUTERS/Satish Kumar/File Photo Purchase Licensing RightsThe Abu Dhabi National Oil Company has agreed a 15-yea
LNG Carrier
10-09-2024
Qatarenergy Orders Six More LNG Vessels From China State Shipbuilding
QatarEnergy has signed a deal with China State Shipbuilding Corporation to buy six additional ultra-large ships to carry liquefied natural gas, it said on Monday, raising such vessels it has on order to 128 as part of a fleet-expansion programme.The ships
LNG
09-09-2024
Vehicle Manufacturers Partner With UECC to Cut Emissions Through BiolNG Use
Vehicle manufacturers, including Toyota Motor Europe and Ford of Europe, have partnered with Norway-based RoRo transportation provider United European Car Carriers (UECC) to achieve major reductions in emissions from their logistics chain by using vessels
Oil & Gas Trade
09-09-2024
Baker Hughes to Sign Gas Agreements With Baghdad
Baker Hughes Company building in Houston, Texas. Photo: Baker HughesBaghdad (IraqiNews.com) – Officials from Baker Hughes, a US-based oil field services company, reaffirmed on Sunday their intention to make investments in the oil and gas industr
LNG
07-09-2024
Nigeria Licenses First Floating LNG Plant for Export and Domestic Use
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsNigeria's oil regulator on Friday granted UTM Offsho
Oil&Gas Drilling
06-09-2024
Noble Completes $1.6bn Acquisition of Diamond Offshore Drilling
Following its acquisition of Diamond Offshore Drilling, Noble integrated 10 new floaters into its fleet. (Credit: Elliott Day from Pixabay)Noble has completed the previously $1.6bn acquisition of rival offshore drilling contractor Diamond Offshore Drillin
Oil & Gas Trade
06-09-2024
Iraq Cuts Oil Exports to 3.3 Million Bpd as of Aug 27
A worker is seen at Iraq's Majnoon oilfield near Basra, Iraq, March 31, 2021. Picture taken March 31, 2021. REUTERS/Essam Al-Sudani/ File Photo Purchase Licensing RightsIraq cut its oil exports to 3.3 million barrels per day (bpd) as of Aug. 27 an
Oil&Gas Drilling
06-09-2024
Talos Energy Strikes Oil and Gas in Gulf of Mexico
U.S. company Talos Energy (TALO.N), opens new tab said on Thursday it had discovered commercial quantities of oil and natural gas in a subsea well in the Gulf of Mexico.The company, backed by billionaire Carlos Slim, said the Ewing Bank 953 well's
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