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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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
Oil Price
27-02-2025
Oil Prices Climb From 2-Month Lows as Trump Axes Chevron’s Venezuela License
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024.Oil prices rose slightly on Thursday, recovering from two-month lows, following U.S. President Donald Trump’s decision to revoke a license th
Oil&Gas Drilling
26-02-2025
Algeria’s Sonatrach, China’s Sinopec Sign $850 Million Contract for Hydrocarbon Development, Exploratio
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 20, 2019.On Tuesday, February 25, 2025, Algeria’s state-owned oil and gas company, Sonatrach, entered into a hydrocarbon development and
Natural Gas
01-03-2025
Chevron and Partners Seek Additional Capacity Boost at Mediterranean Gas Field
Chevron, a U.S.-based company, along with its partners, has presented an updated reservoir development plan to the Petroleum Commissioner at Israel’s Ministry of Energy and Infrastructures. This plan focuses on expanding the capacity of the Levi
Crude Oil
25-02-2025
Oil Trade Group Pushes Us for National Ethanol Policy After EPA Okays Midwest Expansion
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023.On Monday, the American Petroleum Institute (API), a trade group, advocated for a uniform national policy on higher-ethanol gasoline blends. This follows the
Crude Oil
24-02-2025
Shearwater Geoservices Gets Work in Oil-Rich Guyana With Exxonmobil
Oil India has announced that it has signed a memorandum of understanding (MoU) with Mineral Exploration and Consultancy (MECL) to collaborate in the exploration and development of critical mineral blocks both in India and overseas.According to an exchange
LNG
24-02-2025
Australia’s Government Delays Approval for Woodside’s Flagship LNG Project Extension
Woodside Energy chief executive, Meg O'Neill, in an interview in March 2024.The Albanese government in Australia has postponed its decision on approving Woodside Energy's North West Shelf (NWS) gas project extension in Western Australia, e
LNG Carrier
01-03-2025
TMS Confirms Order for LNG Dual Fuel Boxships at Chinese Yard
China’s Zhoushan Changhong International Shipyard has confirmed the order for up to 10 liquefied natural gas (LNG)-powered dual-fuel containerships booked by Greek shipping magnate George Economou-led TMS Group.The shipbuilding project was signe
Oil Field
24-02-2025
Allseas Preps for Huge Subsea Pipeline Job at Brazil’s Supergiant Ultra-Deepwater Oil Field
Audacia pipelay vessel;Allseas, a Switzerland-based contractor specializing in offshore pipeline installation, heavy lift, and subsea construction, has started preparations for a major project in Brazil’s second-largest oil field, Búz
Oil Refinery
24-02-2025
Russia Signs Memorandum to Build Port, Oil Refinery in Myanmar
Myanmar and its close ally Russia signed a memorandum on investment cooperation in a special economic zone in Dawei, including construction of a port and an oil refinery, Russia's Ministry of Economic Development said on Sunday.The document was si
Oil & Gas Trade
24-02-2025
Leviathan Partners Eye Big Expansion of Natgas Field for Israel and Export
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.Partners in the Israeli Leviathan offshore natural gas project have submitted a multi-billion dollar pl
Oil Price
24-02-2025
Oil Prices Slip as Kurdistan Export Resumption Looms
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awai
Oil&Gas Drilling
21-02-2025
CNOOC Starts Production in Luda 5-2 North Phase 2 in Bohai Sea
'CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil'.CNOOC Ltd. has commenced oil production in the second phase of the Luda 5-2 North fiel
Oil Price
21-02-2025
Oil Holds Above $72 Amid Supply Uncertainty
Oil prices extended modest gains above $72 as supply concerns, a weaker dollar, and refinery shifts influenced market sentiment, while trading remained rangebound amid investor caution.Oil extended a string of marginal gains to settle above $72 a barrel a
LNG Carrier
21-02-2025
Evergreen Orders 11 Mega-Size Containerships Worth US$3.2B
Evergreen Marine has commissioned two shipyards in South Korea and China to build 11 LNG, dual-fueled 24,000 TEU megamax vessels.Each ship is expected to cost between about US$265 million and US$295 million.South Korea's Hanwha Ocean will construc
RNG
21-02-2025
Greengasusa and Darling Ingredients Celebrate First Pipeline Delivery From Dublin RNG Facility
GreenGasUSA and Darling Ingredients Inc. on Feb. 18 announced the first renewable natural gas (RNG) deliveries from a project located at Darling Ingredients’ rendering facility in Dublin, Georgia. The project leverages Darling Ingredients&rs
Crude Oil
23-02-2025
Centrica to Supply Petrobras With LNG Until 2040s
GasLog WestminsterBrazil’s state-owned energy giant Petrobras has signed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with the U.K.-based energy company Centrica.Petrobras is slated to purchase 0.8 million tons per
Oil&Gas Drilling
21-02-2025
CNOOC Limited Brings On-Stream Luda 5-2 North Oilfield Phase II Development Project
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development Project has commenced production.The project is located in the central part of the Bo
Crude Oil
21-02-2025
Colombia’s Ecopetrol Books Biggest Increase in Proven Oil, Gas Reserves in Three Years
Oil pumpjacks are pictured in an Ecopetrol oil field in Barrancabermeja, Colombia October 11, 2024.Colombia's Ecopetrol (ECO.CN), booked its biggest increase in proven oil and gas reserves in three years in 2024, rising to 1.89 billion barrels of
Crude Oil
21-02-2025
US Refiners Mull Switch to Alternative Lighter Crudes Amid Trump Tariff Fears
U.S. flags are displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022.Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they awai
Crude Oil
21-02-2025
US Refiners Mull Switch to Alternative Lighter Crudes Amid Trump Tariff Fears
U.S. flags are displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022.Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they awai
Gas Pipeline
20-02-2025
Kinder Morgan Closes on Us$640 Million Acquisition of a Natural Gas Gathering and Processing System From Outrigger Energy II
Kinder Morgan, Inc. has announced that its subsidiary, Hiland Partners Holdings LLC, closed on its previously announced US$640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC. The acquisiti
Oil Field
20-02-2025
UK Player Staying on Duty at Giant Oil Field Offshore Qatar for Five More Years
Al Shaheen field in QatarEnerMech, a UK-based integrated solutions provider, has secured a five-year contract extension with North Oil Company (NOC), a partnership between QatarEnergy (70%) and TotalEnergies (30%). The agreement involves work at the Al Sh
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Most views from Oil & Gas
1
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
2
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
3
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
4
Oil Prices Post 3% Annual Decline
5
Shell Sorry for Buying Russian Crude
6
Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows
