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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 Drilling
23-08-2024
Egypt Plans to Return Oil, Gas Production to Normal From 2025, PM Says
Egyptian Prime Minister Mostafa Madbouly attends a press conference during his visit to the the Rafah border crossing to enter Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in the city of Al-Arish, Sinai peninsul
Oil&Gas Drilling
23-08-2024
Mexico’s Pemex Gets Approval to up Investment in Deepwater Field Lakach by $400 Million
Signage of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purchase Licensing RightsMexico's hydrocarbon regulator approved on Thursday a request b
LNG
22-08-2024
Vietnam to Select Investor for $2.5 Bln Nghi Son LNG Power Plant by October
Authorities in Vietnam's Thanh Hoa province plan to select an investor through a bidding process by October to develop a $2.5 billion LNG-fired power plant, a provincial official said on Wednesday.The Nghi Son LNG Power Plant in the province&#
Oil & Gas Trade
21-08-2024
Quantum Capital to Acquire Caerus Oil and Gas Assets for $1.8 Bln
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Purchase Licensing RightsQuantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1
Oil & Gas Supply
21-08-2024
Ghana Begins Construction of $12 Bln Petroleum Hub
President Nana Addo Dankwa Akufo-Addo of Ghana speaks during a press conference during the Summit on Peace in Ukraine, in Stansstad, Switzerland, June 16, 2024. ALESSANDRO DELLA VALLE/Pool via REUTERS/File Photo Purchase Licensing RightsGhanaian President
Oil & Gas Trade
21-08-2024
Exclusive: Kuwait in Talks With Qatar for New 15-Year LNG Supply Deal From North Field
Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a new long-term supply of liquefied natural gas (LNG) to help meet rising demand for power generation in the Gulf Arab state, five trading and industry sources told Reuters.The deal woul
LNG
20-08-2024
As Legal Challenge for $12.5 Billion Gas Project Gets Dropped, First LNG Cargo on Track for 2026
Australia’s energy giant Woodside has struck a deal with the Australian Conservation Foundation (AFC) to ensure a two-year legal challenge, concerning a primary environmental approval for its giant energy project off the coast of Australia, will
Oil&Gas Drilling
20-08-2024
Shelf Drilling’s Backlog Reaches $2.1 Billion With 33 Out of 36 Rigs Busy With Work
UAE-headquartered offshore drilling contractor Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024. The rig owner’s 36-strong jack-up fleet has seen a lot of action during the quarter, as
Oil & Gas Trade
20-08-2024
Oil Producer APA Explores $1-Billion Sale of Permian Assets, Sources Say
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 RightsAPA Corp (APA.O), opens new tab is exploring the sale of oil and gas drilling properties spread across
Oil & Gas Trade
20-08-2024
Poland’s Orlen Reaches One-Year Deal for 6 Mln Tons of Oil From BP
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsPolish state-owned refiner Orlen (PKN.WA), opens new tab will receive 6 metric tons of oil from British energ
LNG
19-08-2024
BW LPG to Acquire 12 Very Large Gas Carriers for More Than $1BN
The transaction significantly expands BW LPG’s fleet. (Credit: Lens Envy/ Flickr)BW LPG has announced the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings for a total of $1.05bn.The fleet being acquired includes
Oil&Gas Drilling
19-08-2024
US Government Allocates $775M for Orphaned Oil and Gas Well Cleanup
DOI’s new $775m funding aims to address orphaned oil and gas wells across 21 states. (Credit: U.S. Department of the Interior)The US Department of the Interior (DOI) has announced $775m in funding for 21 states to address orphaned oil and gas we
Oil & Gas Trade
19-08-2024
Spain’s Cepsa to Sell Liquefied Gas Unit in Iberia for $302 Mln
The logo of CEPSA is seen on the facade of a building at Cepsa Energy Park in San Roque, near Algeciras, southern Spain, December 1, 2022. REUTERS/Jon Nazca/File Photo Purchase Licensing RightsSpain's second-largest oil company Cepsa has agreed to
Oil&Gas Drilling
19-08-2024
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
Drill pipe is seen on a drilling site in the Permian Basin oil and natural gas production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cuts oil and natural gas rigs for the
Oil&Gas Drilling
16-08-2024
Gulf of Thailand Development Starts Producing Oil
Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result of an efficient drilling program that was carried out below budget.The first three of the seven
Oil Exploration
16-08-2024
Shell to Increase Volume Capacity at Deepwater Field Thanks to Water Injection
Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken the final investment decision (FID) on a waterflood project at its U.S. Gulf of Mexico asset, which will enable water to be injected into the reservoir formation to displac
Oil&Gas Drilling
16-08-2024
DNO Norge Cleared to Drill Wildcat Well in North Sea off Norway
DNO Norge, a subsidiary of Norwegian oil and gas operator DNO, has been granted a drilling permit for a wellbore in the North Sea by the Norwegian Offshore Directorate.Nobe Invincible; Source: Noble DrillingThe permit concerns wellbore2/6-7 S in productio
Oil & Gas Trade
16-08-2024
Development plan for Exxon's seventh project in Guyana expected in Q1 2025
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 milli
Gas Pipeline
16-08-2024
Nigeria and Equatorial Guinea Sign Gas Pipeline Project
A file Photo of a gas pipeline near Nigeria's Port Harcourt. REUTERS/Akintunde Akinleye Purchase Licensing RightsNigeria and Equatorial Guinea have signed an agreement to establish and operate a gas pipeline, Nigerian presidential spokesperson Aju
Oil & Gas Trade
16-08-2024
Chevron to Pay $550 Million Settlement to Richmond, California
A Chevron gas station is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/ File Photo Purchase Licensing RightsChevron Corp (CVX.N), opens new tab is
Oil & Gas Supply
15-08-2024
US Plans to Slowly Replenish Strategic Petroleum Reserve Into 2025
A sign near the administrative offices and control room lists the current status of the Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Purchase Licensing Righ
Oil&Gas Drilling
15-08-2024
Iraq Initials 13 Exploration Deals as Seeks to Focus on Natural Gas
Iraq's Oil Minister Hayan Abdel-Ghani attends the fifth plus and sixth licensing rounds for 29 oil and gas exploration blocks at the Oil Ministry's headquarters in Baghdad, Iraq, May 11, 2024. REUTERS/Thaier Al-Sudani/ File Photo Purchase
Offshore Wind Power
15-08-2024
Equinor, Dominion Win US Central Atlantic Offshore Wind Auction
Equinor's logo is seen at the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo Purchase Licensing RightsNorway's Equinor (EQNR.OL), opens new tab and U.S. power company Dominion (D.N), o
Oil & Gas Trade
15-08-2024
Energy Producer Maverick’s Owner Explores Sale Valuing It at $3 Billion, Sources Say
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsThe private equity owner of Maverick Natural Resources is exploring a potential sale
Oil & Gas Trade
15-08-2024
Development Plan For Exxon’s Seventh Project in Guyanaexpected in Q1 2025
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 RightsA development plan for Guyana's seventh offshore oil
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IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption
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Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production
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Totalenergies Says Oil Production to Hit High End of Q2 Guidance
