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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

Crude Oil
03-07-2024

Oil Prices Inch up on Large US Crude Stock Draw
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Purchase Licensing RightsOil prices edged higher in early Asian trade on
Oil & Gas Trade
03-07-2024

US Awards Contracts for 1 Mln Barrels of Gasoline Sale to Five Firms
Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Purchase Licensing RightThe U.S. Department of En
Oil&Gas Drilling
02-07-2024

Qazaqgaz, Chevron to Cooperate on Potential Geological Exploration at Kazakh Zhalibek Site
QazaqGaz national company and Chevron Corporation, through its subsidiary Chevron Munaigas Inc., signed a cooperation agreement on July 1 regarding potential geological exploration at the Zhalibek site in the Aktobe Region, near the Zhanazhol and Urikhtau
Oil & Gas Trade
02-07-2024

Egyptian Consortium to Import U.S. Shale Gas to Tackle Short Gas Supplies
One of Egypt's largest petrochemicals companies plans within a consortium to import U.S. shale gas to address a shortage in natural gas supplies that forced several chemicals factories to temporarily shut down twice in June.Sidi Kerir Petrochemica
Oil Price
02-07-2024

Brazil's Petrobras Hikes Jet Fuel Prices by 3.2%
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsBrazilian state-run oil giant Petrobras (PETR4.SA), opens new ta
Oil&Gas Drilling
02-07-2024

Saudi Arabia Announces Discovery of Seven Oil, Gas Deposits
Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.Saudi Energy Minister Prince Abdulaziz bin Salm
Oil & Gas Trade
01-07-2024

Turkiye Importing Iranian Oil After Four Years
Tehran, IRNA – A report by the statistical office of the European Union (Eurostat) suggests that Turkiye has imported oil from Iran for the first time in four years.The report also shows that two official members of the European Union also impor
Oil & Gas Supply
01-07-2024

Daily Gas Production at Sakarya Field Reaches 5.5 Million Cubic Meters
The daily natural gas production from the Sakarya field in the Black Sea has reached 5.5 million cubic meters, according to Energy and Natural Resources Minister Alparslan Bayraktar.The daily output in this field is expected to climb to 6 million cubic me
Oil&Gas Drilling
01-07-2024

Malaysia's Sabah State to Develop Oil, Gas Facilities With Gibson Shipbrokers
London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state.The oil and gas facilities wil
LNG
01-07-2024

China Completes Its Largest LNG Storage Base
A subsidiary of China National Offshore Oil Corporation (CNOOC) has completed the construction of China's largest LNG storage base, a move that aims to ensure energy security and support green growth in the Yangtze River economic belt.The base in
Oil&Gas Drilling
01-07-2024

Kinetico Energy Strikes Gas in South Africa
Kinetico Energy Ltd has reported successful further exploration at core hole 270-12C, revealing multiple gas-rich zones and confirming the potential for multi-field development. The drilling reached a depth of 742.9m and encountered gas-bearing sequences
Oil&Gas Drilling
01-07-2024

CNOOC Limited Brings On-Stream the First Green Design Oilfield in Offshore China
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the first green design oilfield in offshore China - Wushi 23-5 Oilfields Development Project has commenced production.The project
Oil Field
01-07-2024

Aramco Signs Over $25 Billion of Deals for Main Gas Network and Jafurah Gas Field
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsSaudi Arabia's state oil company Aramco (2223.SE), opens new tab has signed contracts worth more
Oil & Gas Trade
29-06-2024

Gazprom to Start Exports to China From Far East in 2027
FILE PHOTO: Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia 1 project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov/File PhotoRus
Oil Field
29-06-2024

Prax Group Replacing Totalenergies in Five West of Shetland Gas Fields
TotalEnergies' west of Shetland gas project encompasses the Laggan-Tormore offshore fields, the onshore Shetland Gas Plant, the Edradour and Glenlivet offshore fields and the appraisal of the Glendronach Field.TotalEnergies has agreed to sell its
Oil & Gas Trade
29-06-2024

Repsol Explores Sale of Minority Stake in South Texas Oil Assets, Sources Say
The logo of Repsol is seen near a fuel station in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo Purchase Licensing RightsSpanish oil major Repsol(REP.MC), opens new tab plans to sell a minority interest in its Eagle Ford shale assets in Sout
Oil&Gas Drilling
28-06-2024

Chinese Energy Heavyweight Flips the Production Switch on at Oil Project
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has put an oilfield development project in production mode.Illustration; Source: CNOOCThe start of production at the Enping 21-4 oilfield development project was enabled
Oil & Gas Trade
28-06-2024

Indian Oil to Boost LNG Portfolio to 20 Mln Tonnes by 2030, Exec Says
Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsIndian Oil (IOC.NS), opens new tab aims to increase its liquified natural gas portfolio to 20 millio
LNG
28-06-2024

Fulcrum LNG to Pair With McDermott, Baker Hughes for Guyana Gas Project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes (BKR.O), opens new tab and engineering firm McDermott (MCDIF.PK), opens new tab, the country's vic
LNG
28-06-2024

Exclusive: Russia's Novatek to Start Delivering Equipment for Arctic LNG 2's Next Phase in July
Participants walk past the stand of Novatek company during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo Purchase Licensing RightsRussian energy company Novatek (N
Oil & Gas Trade
27-06-2024

Gazprom Signs Memo With Iran on Russian Gas Supplies
The logo of Gazprom company is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsRussian energy giant Gazprom (GAZP.MM), opens new tab has
LNG
27-06-2024

Sempra Signs Non-binding Deal to Supply LNG to Aramco From Planned Texas Project
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsU.S. energy firm Sempra (SRE.N), opens new tab has signed a non-binding agreement with Saudi Aramco (222
Oil & Gas Trade
26-06-2024

Israel Approves Extra Gas Exports, Leviathan Field to Be Expanded
An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023. REUTERS/Amir Cohen/File Photo Purchase Licensing RightsIsrael on Wednesday approved the export of more
Oil Field
26-06-2024

Wood Wins Feed for UK Offshore Field Redevelopment
Wood wins FEED for UK offshore field redevelopmentCentrica's Rough field will be optimised for hydrogen storageConsulting and engineering company Wood has won the front-end engineering and design (FEED) contract for the redevelopment of by Cent
Oil & Gas Trade
26-06-2024

Guyana Selects Former Exxon Exec's Firm to Engage With Exxon in Gas Project
A man walks near Exxon Mobil Corp.'s headquarters in Georgetown, Guyana, June 29, 2023. REUTERS/Sabrina Valle/File Photo Purchase Licensing RightsA newly formed company headed by a former Exxon Mobil (XOM.N), opens new tab executive was selected t

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