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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
26-06-2024
China's Bohai Oilfield Completes Drilling of 6,088-Meter Well
The Bohai Oilfield, China's largest offshore crude oil production base, has completed the drilling operations of a new 6,088-meter-deep well, the China National Offshore Oil Corporation (CNOOC) Tianjin branch said on Tuesday.The well, Bohai 19-6-D
Oil & Gas Trade
26-06-2024
Russian Oil and Gas Revenues Set to Rise by 50% Y/Y in June, Reuters Calculations Show
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk//File Photo Purchase Licensing RightsRussia's oil and gas revenue in June is set to rise by more than 50% year on year to $
LNG
26-06-2024
Finland's Gasum to End Russian LNG Imports in Line With EU Sanctions
Finland's Gasum, a key gas supplier to the Nordic region, will stop buying and importing Russian liquefied natural gas (LNG) in July in line with fresh European Union sanctions, the company said on Tuesday."Gasum complies with all sanctions i
Natural Gas
26-06-2024
Qatar Energy 2023 Profit Drops 32% as Gas Prices Cool
Qatar Energy on Tuesday reported 101.9 billion riyals ($27.96 billion) in net profit for 2023, down 32% from 2022 when gas prices surged following Russia's invasion of Ukraine.Qatar, already among the world's top exporters of liquefied nat
Oil Price
26-06-2024
Hedge Funds Rebuild Oil Position After OPEC⁺ Round Trip
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger//File Photo Purchase Licensing RightsPortfolio investors have rebuilt their position
Oil & Gas Trade
25-06-2024
Iran Inaugurates 17 New Oil, Refining, Petrochemical Projects
TEHRAN, Jun. 25 (MNA) – In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining, and petrochemical projects across seven provinces, with a total investment of over 180 trillio
Gas Pipeline
24-06-2024
OB3 Gas Pipeline Project to Facilitate 2.2b Gas
In yet another major step towards boosting nationwide gas supply to drive industrialisation and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.Group Chief Ex
Natural Gas
24-06-2024
Japanese Trading House Mitsui Buys Shale Gas Asset in Texas
Japanese trading house Mitsui & Co. Ltd bought a shale gas asset in Texas that it seeks to bring to full-scale development after 2026.Mitsui’s US-based subsidiary purchased the 46,500 acre asset named Tatonka in Texas from Sabana LLC and Van
Oil & Gas Supply
24-06-2024
Nigeria's Aiteo Resumes Production After Leak at 50,000 Bpd Oilfield
Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa state, the company said.Aiteo, which runs a joint venture with state oil company NNPC
Oil & Gas Trade
22-06-2024
Oil Majors Commit $127B to Latin America's Untapped Reserves
Amid the shifting energy landscape, international oil majors have committed a significant $127 billion to Latin America.Collectively, they plan to invest this amount in the region between 2015 and 2029. This investment strategy comes from findings in a Wo
LNG
22-06-2024
China's Wison New Energies to Quit Russian Projects in Blow to Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business, the company said in a LinkedIn post.The move will impact the sanctioned
Gas Power Stations
22-06-2024
Enchanted Rock Delivers 148 MW of Gas-Fired Power for California Water Districts
Turlock Irrigation District. Image credit California Ag Today/Fresco County Farm BureauMicrogrid developer Enchanted Rock is providing 148 MW of fast-response, dispatchable power through three gas-fired generators to the California Department of Water Res
Oil & Gas Trade
22-06-2024
India's May Oil Imports: Russia at Record High, Saudi Lowest in 10-Mth
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsIndia's oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd)
LNG
21-06-2024
Malaysia's Genting Signs $1.3 Billion Deal for Floating LNG Facility With Chinese Firm
(From left) Genting COO Tan Kong Han, Genting chairman and CEO Lim Kok Thay and Wison chairman Liu Hongjun at the press conference. PHOTO: THE BUSINESS TIMESGenting Berhad has signed a US$962.8 million (S$1.3 billion) deal for a floating liquefied natural
Renewable Energy
21-06-2024
Putin Says Russia Is Keen to Partner With Vietnam in Energy and Security
Russian President Vladimir Putin attends a Press briefing with Vietnamese President To Lam (not pictured), at the Presidential Palace in Hanoi, Vietnam, Thursday, June. 20, 2024. MINH HOANG/Pool via REUTERS Purchase Licensing RightsRussian President Vladi
Oil & Gas Trade
21-06-2024
Carlyle Creates New Med Oil and Gas Company With $945 Mln Energean Deal
A woman walks next to the logo for Carlyle at the company’s offices in New York City, U.S., June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/ File Photo Purchase Licensing RightsCarlyle (CG.O), opens new tab will form a new M
Crude Oil
21-06-2024
Oil Prices Rise on US Crude Draw; Jobs Data Feeds Rate Cut Hopes
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File photo Purchase Licensing RightsOil futures climbed on Thursday after the U.S. Energy Informat
LNG
21-06-2024
Fulcrum LNG Named to Help Guyana Develop Its Natural Gas Resources
U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.The company's proposal was selected f
Oil&Gas Drilling
20-06-2024
Angola: Sonangol and Chevron Sign Contracts for Oil Exploration in Lower Congo
Sonangol and Cabinda Gulf Oil Company Limited (CABGOC), Chevron's subsidiary in Angola, on Tuesday in Luanda signed two 'Risk Services Contracts' for the concession of blocks 49 and 50, both in the Lower Congo Basin, considered a r
LNG
20-06-2024
Totalenergies, NNPC to Invest $550 Mln in Nigeria Gas Facility, Source Says
The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo Purchase Licensing RightsNigeria's state oil firm NNPC Ltd and TotalEnergies (TTEF.PA), opens new tab wi
LNG
20-06-2024
Qatarenergy, Exxon Seek to Remove Contractor From Texas Gas Project
The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File PhotoOwners of a $10-billion liquefied natural gas (LNG) project that has stalled with the bankruptcy of
LNG
19-06-2024
Vår Energi Enters Long-Term Gas Deal with VNG
Vår Energi will supply up to 5 Bcm to Germany’s VNG Handel & Vertrieb between 2024 and 2036.Their commercial arrangement started in the early 1990s.Vår Energi, which claims to be Norway’s second largest exporter
Oil&Gas Drilling
19-06-2024
FG Offers 17 New Oil Blocks for Bidding
The Federal Government, on Tuesday, announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria.Recall that some deep offshore blocks were recently put on offer for the 2022/23 mini-bid round and other block
Oil & Gas Supply
19-06-2024
Ivory Coast Expects Threefold Oil Output Increase by 2027
Ivory Coast's President Alassane Ouattara speaks during the parliament congress in Abidjan, Ivory Coast June 18, 2024. REUTERS/Luc Gnago Purchase Licensing RightsIvory Coast expects a more than threefold increase to its oil output by 2027, boosted
Oil & Gas Trade
18-06-2024
Venezuela Mulls Proposal to Extend PDVSA-Chevron Oil Joint Venture Through 2047
Boards outside PDVSA headquarters are pictured, during a news conference on the Chevron deal in Caracas, Venezuela, December 2, 2022. REUTERS/Leonardo Fernandez Viloria/File Photo Purchase Licensing RightsVenezuela's National Assembly on Monday be
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