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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
25-05-2024
Equinor to Boost Troll Gas Output With $1.1 Bln Investment
The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo Purchase Licensing RightsEquinor (EQNR.OL), o
Oil&Gas Drilling
25-05-2024
US Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks - Baker Hughes
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth t
Oil & Gas Trade
24-05-2024
Nigeria Targets $20BN Oil, Gas Investments – Lokpobiri
The Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri has revealed that about $16.6 billion investments had been committed to Nigeria’s oil and gas sector in the past one year.Lokpobiri who made this known in Abuja while providi
Gas Power Stations
24-05-2024
Plan for €150M Gas-Fired Power Station in Dublin Approved
Plans for a new 293MW power station in north Dublin have been approved by An Bord Pleanála despite objections from locals.The €150m power plant is being developed by Kilshane Energy, which is fronted by Northern Irish businessman Stuar
Oil Price
24-05-2024
Oil Slips for a Third Straight Day on Prospect of US Rates Staying High
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsOil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed of
LNG
24-05-2024
Petronas' Flagship Bintulu LNG Facility Resumes Full Operations
A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. Picture taken on April 27, 2022. REUTERS/Hasnoor Hussain/File Photo Purchase Licensing RightsMalaysian state-run Petronas said on Thursday its liquefied natural gas (LNG
Oil & Gas Trade
24-05-2024
Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
A general view of the headquarters of the Venezuelan oil company PDVSA in Caracas, Venezuela July 21, 2016./File Photo Purchase Licensing RightsThe U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezue
Oil & Gas Trade
24-05-2024
Spain's Repsol Receives US License for Venezuela Oil, Gas Projects -Sources
The logo of Repsol is seen at the entrance of Spain's first advanced second-generation biofuels plant under construction at Cartagena Industrial Complex, where Repsol plans to produce sustainable airjet fuel, in Cartagena, southeastern Spain, Marc
Oil & Gas Trade
24-05-2024
China's CNOOC Signs Oil Exploration, Production Contracts With Mozambique
Men wearing face masks walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo Purchase Licensing RightsState-run China National Offshore Oil Co (0883.HK), open
LNG
23-05-2024
Shell Sees Emerging Asian Markets Taking More of World's Growing LNG Supply
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsShell (SHEL.L), opens new tab e
Oil & Gas Trade
23-05-2024
ADNOC Makes Fourth Gas Foray Abroad With Mozambique Deal
An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. Picture taken May 14, 2018.REUTERS/Christopher Pike/File Photo Purchase Licensing RightsAbu Dhabi National Oil Company (ADNOC) has bought Galp's (GALP.LS),
Oil & Gas Trade
23-05-2024
Vivo Energy to Invest Over $550 Mln in South Africa, Minister Says
Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 billion rand ($550.79 million) in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday.The inve
Oil & Gas Trade
23-05-2024
BP Pauses Gas-Field Talks With Venezuela as License Expires
A sign is seen outside BP's North Sea Headquarters in Aberdeen, Scotland January 15, 2015. Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's mos
Oil & Gas Trade
23-05-2024
Energy Ministry: Russia Exceeded OPEC+ Quotas in April, Will Compensate
Russia exceeded its OPEC+ production quota in April for "technical reasons" and will soon present to the OPEC Secretariat its plan to compensate for the error, the Russian Energy Ministry said late on Wednesday."Russia is fully committed to
Oil&Gas Drilling
22-05-2024
Totalenergies Makes FID on Kaminho Deepwater Project in Angola
TotalEnergies will assist Sonangol EP in operating its new Sumbe research and development (R&D) centre. Credit: Igor Hotinsky/Shutterstock.com.TotalEnergies, in partnership with Petronas and Sonangol, has reached a final investment decision (FID) for
LNG
22-05-2024
After US Foray, ADNOC Makes Its Next Big International LNG Push With Mozambique Deal
Dubai: UAE energy company ADNOC has made its second major LNG focused overseas investment in recent days, by buying 10 per cent in the Area 4 concession of the Rovuma basin in Mozambique. The Mozambique acquisition will allow ADNOC to a share of the LNG p
Crude Oil
22-05-2024
Saudi Crown Prince Promises Stable Oil Supply to Japan
Saudi Crown Prince and Prime Minister Mohammed bin Salman meets with U.S. Secretary of State Antony Blinken at the Al Yamamah Palace in Riyadh, Saudi Arabia, April 29, 2024. REUTERS/Evelyn Hockstein/Pool/File Photo Purchase Licensing RightsSaudi Arabian C
LNG
22-05-2024
Firm Building Qatarenergy-Exxon LNG Plant in Texas Files for Bankruptcy
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsThe lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy (QATPE.UL) and Exxon Mobil (XOM
Oil & Gas Trade
22-05-2024
First Canadian Oil Export Cargo From Expanded Trans Mountain Pipeline Set to Load
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 2
Oil & Gas Trade
22-05-2024
US to Close Northeast Gasoline Reserve With 1 Million-Barrel Sale
A person uses a petrol pump at a gas station as fuel prices surged in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing RightsPresident Joe Biden's administration will sell nearly 1 million barrels o
Oil&Gas Drilling
21-05-2024
FG, UAE Plan New Oil Exploration Deal
The Federal Government, on Monday, urged the United Arab Emirates to invest in the renewal and reconstruction of the more than 50-year-old oil pipelines in Nigeria, stressing that the facilities had outlived their lifespans.It also stated that Nigeria and
Oil and Gas Equipment
21-05-2024
OMV Petrom Commissions Largest Crude Oil Tank in Romania
OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform to ensure the smooth operation of the refinery in safe conditions and to ensure the fuel stocks necessary to supply the marke
LNG
21-05-2024
Train 2 Still Out of Action at Chevron's Gorgon LNG Project
Chevron's Gorgon LNG project on Barrow Island, Western Australia.Photo: CHEVRONUS supermajor Chevron has yet to restart operations at Train 2, one of the three trains at its flagship Gorgon liquefied natural gas project in Australia, after a mecha
Oil Field
21-05-2024
North Sea Energy Firms Look Beyond UK After Tax Squeeze
Aerial view of the Gullfaks C oil platform, North Sea, August 23, 2023. REUTERS/Nora Buli/File Photo Purchase Licensing RightNorth Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opp
LNG
21-05-2024
South Korean Petchem Firms Boost Cheaper LPG Use, Raise Output
A standing signboard showing the petrol (top 1.14 USD per litre) and diesel (middle 0.98 USD per litre) prices is seen in Seoul, South Korea, February 3, 2016. REUTERS/Kim Hong-Ji/File Photo Purchase Licensing RightsSouth Korean petrochemical producers ar
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