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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
Gas Power Stations
31-05-2024
Vistra Plans to Add Up to 2,000 MW of Gas-Fueled Power Capacity in Texas
U.S. energy firm Vistra (VST.N), opens new tab on Thursday said it intends to add up to 2,000 megawatts of dispatchable, natural-gas-fueled power capacity in west, central, and north Texas to improve grid reliability.Vistra said the company intends to bui
Oil Pipeline
31-05-2024
Canada Increases Loan Guarantees for Trans Mountain Pipeline to C$19 Bln
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo P
LNG Carrier
30-05-2024
ADNOC L&S Places New LNG Carrier Contracts With South Korean Shipyards
Adnoc L&S has been on a busy fleet expansion mode. The latest contracts for LNG carriers represent a significant upscaling of its capacity. (Image used for illustrative purpose.)Image Credit: Gulf News ArchiveAn ADNOC entity has parked major contracts
Oil & Gas Trade
30-05-2024
Conocophillips to Buy Marathon Oil in $22.5 Bln Deal in Latest Energy Merger
The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photo Purchase Licensing RightsTop U
Oil & Gas Trade
30-05-2024
Mexico to Resume Oil Exports to Cuba After 3-Month Pause -Data
A tanker leaves Havana's bay, Cuba, September 9, 2023. REUTERS/Alexandre Meneghini/File Photo Purchase Licensing RightsMexico plans to resume oil shipments to Cuba after a three-month pause, shipping data showed on Wednesday, a move that could hel
Oil Field
30-05-2024
BP, Trinidad's NGC Receive US License for Gas Development With Venezuela
The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsBritish oil major B
Oil Price
29-05-2024
Preview Saudi Arabia May Cut July Oil Prices to Asia for First Time in 5 Months
General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/file photo Purchase Licensing RightsSaudi Arabia, the world's biggest oil exporter, may cut prices for most crude gr
LNG
29-05-2024
South Korea's KOMIPO and Vitol Extend Long-Term LNG Supply Contract
South Korea's Korea Middle Power Co (KOMIPO) and commodities trader Vitol (VITOLV.UL) on Tuesday agreed to extend an existing long-term liquefied natural gas (LNG) supply and purchase agreement, Vitol said.Under the extension agreement, Vitol will sup
Oil Pipeline
29-05-2024
Sudan Oil Pipeline Resumption Imminent, Says South Sudan Official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.The Petrodar pipeline, set up by a consortium including China's CNPC,
Oil & Gas Trade
29-05-2024
Energy Transfer Expands Permian Presence With $3.25 Bln WTG Midstream Buy
Energy Transfer (ET.N), opens new tab said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion, the latest acquisition in the midstream sector aimed at expanding transportation and processing network in the Permian Basin
Oil Field
29-05-2024
UK's Buzzard Oilfield Has Temporary Outage, CNOOC Says
The Buzzard oilfield in the North Sea is experiencing a temporary production outage, a spokesperson for operator CNOOC said on Tuesday, adding that there was no information on when the outage started and how long it would last.Buzzard, one of the largest
Oil & Gas Trade
29-05-2024
Hess Shareholders Sign off on $53 Billion Sale to Chevron
Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsHess (HES.N), opens new tab shareholders on Tuesday approved the proposed $53 billion merger with Chevron (CV
Oil Field
28-05-2024
Qatarenergy Announces Fid in 2nd Development Phase for Brazil's Field
QatarEnergy announces that the consortium partners in the Sepia joint venture have taken the final investment decision (FID) for the second development phase of the Sépia field, located in the prolific pre-salt Santos Basin, offshore Brazil.The
Oil & Gas Trade
28-05-2024
Centre Seeks Bids for Oil and Gas Fields in Mumbai Offshore, Coal Bed Methane Field in Bengal
India has offered two discovered oil and gas fields in Mumbai offshore and a coal bed methane field in Bengal for bidding under the category of discovered small fields (DSF).The Directorate-General of Hydrocarbons (DGH) has said the notice inviting offer
LNG
28-05-2024
Domestically-Developed Large LNG Carrier Launched in Dalian
This photo provided by Dalian Shipbuilding Industry Co., Ltd. (DSIC) shows a domestically developed liquefied natural gas (LNG) carrier with a payload capacity of 175,000 cubic meters being launched in Dalian, northeast China's Liaoning Province o
Oil & Gas Trade
28-05-2024
BP, EOG Resources in Talks to Jointly Develop Trinidad Gas Field
The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsOil major BP (BP.L)
Oil & Gas Trade
28-05-2024
BP, Shell and EOG Vie for Acreage in Trinidad's Oil and Gas Auction
The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Purchase Licensing RightsTrinidad and Tobago received six bids from BP (BP.L), opens
Oil & Gas Trade
28-05-2024
New Petrobras CEO Pushes Offshore Oil Prospect as Matter of 'National Interest'
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 RightsPetrobras' new chief executive said a basin in Brazil&am
Renewable Energy
27-05-2024
Pouyanne Reappointed as Totalenergies CEO
separation of the roles would be more conducive to negotiations on the company’s climate strategy. The separation of functions could improve dialogue with the board of directors on climate and transition issues and ensure a better balance of pow
LNG
27-05-2024
Thailand's Hin Kong Power Procures 0.2 MT/Year LNG From PTT
Thailand-based Hin Kong Power made its second short-term deal by securing 0.2 mt/year of LNG -- equivalent to three cargoes -- from PTT's trading business unit, according to a market source familiar with the matter."The cargoes will be source
Oil&Gas Drilling
27-05-2024
SLB, SUBSEA7, and Aker Solutions' JV Finds Work on $1 Billion North Sea Gas Project
OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions, and Subsea7, has tucked a new assignment under its belt for a project that aims to bolster gas infrastructure at a giant oil and natural gas field in the northern part of the North Sea, which
Oil Exploration
27-05-2024
Petrobras Taps Seatrium for Construction of $8.15 Billion FPSO Pair
Brazilian state-owned oil and gas giant Petrobras has hired Singapore-headquartered Seatrium Limited for the supply of two floating production, storage, and offloading (FPSO) units, which will be deployed at its fields in the pre-salt Santos Basin off the
Oil Field
27-05-2024
SUBSEA7's New Multibillion-Dollar UK Gig Brings It More Work in North Sea Oil & Gas Arena
Luxembourg-domiciled Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field that will be tied back to an existing floating production, storage, and offloading (FPSO) vessel working in the N
Oil Price
27-05-2024
Iran Plans to Raise Oil Output to 4 Million Barrels per Day, Tasnim Reports
A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani/File Photo Purchase Licensing RightsIran has approved a plan to raise its oil
Oil&Gas Drilling
25-05-2024
Totalenergies to Invest $600M to Boost E&P Activites in Congo in 2024
TotalEnergies has announced that it will invest $600 million to strengthen exploration and production activities in the Republic of Congo in 2024. The investment will be used to finance exploration and maintain production in the country’s deep o
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