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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 Trade
06-06-2024
Hungary to Buy 5% Stake in Azerbaijan's Shah Deniz Gas Field
Hungarian state-owned energy conglomerate MVM will buy a 5% stake in Azerbaijan's Shah Deniz gas field, it said in a statement on Wednesday.Hungary, a landlocked country, has been importing natural gas mainly from Russia even after its invasion of
Gas Power Stations
06-06-2024
Entergy Texas Proposes Natural Gas Power Plants as Electricity Need Surges
Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.If approved by the state's utility regulator, the plants would come online by 2028, Entergy (ETI_p
LNG
06-06-2024
Russia's Sibur to Increase Ust-Luga LPG Exports by 25% in June
The logo of Russian petrochemical company Sibur is seen on a board at the St. Petersburg International Economic Forum 2017 in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo Purchase Licensing RightsSibur Holding, Russia'
Oil & Gas Trade
05-06-2024
Kazakhstan Launches Major Oil Projects in Caspian Sea
Kazakhstan’s national oil and gas company KazMunayGas and Russia’s Lukoil have commenced the implementation of Kalamkas-Sea and Khazar projects, reported the Kazakh Ministry of Energy.Photo credit: Kazakh Ministry of Energy. Click to s
Oil & Gas Trade
05-06-2024
Air Liquide Plans $250 Million Plant to Supply Gas for Chipmaker Micron
FILE PHOTO: The logo of Air Liquide is seen at the company's headquarters in Paris, France, April 24, 2020. REUTERS/Charles Platiau/ file photoAir Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Mic
Oil Pipeline
05-06-2024
TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business
The logo of energy transport firm TC Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Purchase Licensing RightsTC Energy (TRP.TO), opens new tab shareholders voted in fa
LNG
05-06-2024
Saudi Aramco Holding LNG Talks With US Firms Tellurian, Nextdecade, Sources Say
A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Purchase Licensing RightsOil giant Aramco (2222.SE), opens new tab is in talks with U.S. firms Tellurian (TELL.A), opens ne
Oil & Gas Trade
05-06-2024
US Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says
U.S. Secretary of Energy Jennifer Granholm listens to questions from the audience during the PR100 event in Orocovis, Puerto Rico, March 28, 2023. REUTERS/Gabriella N. Baez/File Photo Purchase Licensing RightsThe U.S. could hasten the rate of replenishing
LNG
04-06-2024
ADNOC L&S Eyes New LNG Carrier Additions and Buys Shipping Player With 32-Tanker Fleet
ADNOC’s shipping and maritime logistics arm, ADNOC Logistics and Services (ADNOC L&S), has signed a letter of intent (LoI) for the construction of multiple liquified natural gas (LNG) carriers with South Korea’s shipbuilder. The fi
Oil&Gas Drilling
04-06-2024
Green Light for BP and Trinidad and Tobago's Firm for Cross-Border Offshore Gas Field
BP Trinidad and Tobago, a subsidiary of the UK-headquartered energy giant BP, and Trinidad and Tobago’s National Gas Company (NGC) have secured a two-year license from the United States government’s Office of Foreign Assets Control (OF
Oil & Gas Trade
04-06-2024
Azerbaijan, Turkiye Extend Gas Supply Agreement From Shah Deniz Field
Baku and Ankara have signed an agreement to extend the supply of Azerbaijani gas under Stage-1 of the Shah Deniz field development, Azernews reports.The document, signed for the period of 2025-2028, ensures the continuation of a fruitful energy partnershi
LNG
04-06-2024
Full Production Restored at Chevron's Flagship LNG Project
Chevron's Gorgon gas facility in Australia.Photo: CHEVRONUS supermajor Chevron has restored full liquefied natural gas (LNG) production at its Gorgon project on Australia’s Barrow Island, after a mechanical fault caused Train 2 to go off
Oil&Gas Drilling
04-06-2024
Asian Yard Wins Significant EPCIC Contract for Murphy Oil's First Field Development Offshore Vietnam
Vietnam’s PTSC Mechanical & Construction (PTSC M&C), a subsidiary of PetroVietnam Technical Services Corporation (PTSC), has won the engineering, procurement, construction, installation and commissioning (EPCIC) contract for Murphy Oil&a
LNG
04-06-2024
US LNG Exports Rise in May as Freeport LNG Returns to Production
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 RightsU.S. exports of liquefie
Oil & Gas Trade
04-06-2024
US Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Purchase Licensing RightsThe U.S. is buying another 3 million barrels of oil for the country's
Crude Oil
03-06-2024
China's Rongsheng buys first Canadian TMX crude oil cargo, traders say
Chinese refiner Rongsheng Petrochemical (002493.SZ), opens new tab has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline from TotalEnergies (TTEF.PA), opens new tab through a tender, several trade sources said on Mond
Oil & Gas Trade
03-06-2024
Tokyo Gas Seeks More US Natural Gas Assets, President Says
A natural gas pipeline and the Tokyo gas logo are seen in this illustration taken January 4, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsJapan's top city gas supplier Tokyo Gas (9531.T), opens new tab is looking to ad
Oil & Gas Trade
03-06-2024
Petronas Signs Energy MoU With Sinopec
'The collaboration will focus on sustainable growth in the areas of commodity and specialty chemicals, crude oil and liquefied natural gas trading, lubricants, and digital solutions'.Malaysian’s Petroliam Nasional Bhd. (Petronas)
LNG
03-06-2024
JERA's Partial Stake in US LNG Project Going to JAPEX
Japan’s power generation company JERA, a joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, has decided to offload a partial interest in a liquefied natural gas (LN
Oil&Gas Drilling
03-06-2024
South Korea's Yoon Says Vast Amount of Oil, Gas Reserve Possible off East Coast
South Korean President Yoon Suk Yeol said on Monday he gave the green light to conduct exploration drilling of potentially vast oil and gas prospects that had been found off the country's east coast.The possibility of the area containing as much a
Oil & Gas Trade
03-06-2024
OPEC+ Extends Deep Oil Production Cuts Into 2025
Vienna, June 19, 2018. REUTERS/Leonhard Foeger Purchase Licensing RightsOPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising riv
Oil & Gas Trade
01-06-2024
Aramco Completes Acquisition of 40% Stake in Gas & Oil Pakistan
At the closing ceremony are GO CEO Khalid Riaz, sitting left, and Aramco Director of International Retail Nader Douhan, sitting right. Standing, from left, are GO board members Bilal Ansari and Shahzad Mubeen, Aramco Executive Vice President of Products &
LNG
31-05-2024
Woodside Gets $1 Bln in Funding for Scarborough LNG Project
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren/file photo Purchase Licensing RightsW
Oil & Gas Trade
31-05-2024
Brookfield Enters Deal to Buy France's Neoen for $6.6 Billion
Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing RightsCanada's Brookfield (BN.TO), opens new tab s
Gas Power Stations
31-05-2024
Nigeria's NNPC Plans to Expand Natural Gas Stations for Domestic Use
The new logo of the Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Purchase Licensing RightsNigeria's NNPC said it plans to build six compressed natural gas (CNG) serv
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