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Oil & Gas
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
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
Oil & Gas Trade
21-05-2024
Saudi Arabia's Crude Exports Hit Nine-Month High in March
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsSaudi Arabia's crude oil exports rose for the second straight month in Mar
LNG
21-05-2024
UAE's ADNOC Buys Stake in Nextdecade's Rio Grande LNG Project
Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo Purchase Licensing RightsAbu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in NextDec
Oil & Gas Trade
21-05-2024
Russia Suspends Ban on Gasoline Exports Until June 30, Government Says
A Russian state flag flies near a tower of the Kremlin behind trees in central Moscow, Russia September 21, 2022. REUTERS/Evgenia Novozhenina/File Photo Purchase Licensing RightsRussia's government on Monday suspended a ban on gasoline exports unt
Oil & Gas Trade
21-05-2024
Exclusive: Top U.S. Natural Gas Producer Chesapeake Energy Cuts Jobs
A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsChesapeake Energy (CHK.O), opens new tab, a t
Crude Oil
20-05-2024
Romania's Crude Oil Production Down 3.4pct in Q1 2024, Imports Drop 15.1pct (Statistics)
In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous year, according to data centralised by the National Institute of Statistics (INS).Imports of crud
Oil & Gas Trade
20-05-2024
Russia Is China's Top Oil Supplier for a 12th Month in April
Russia China’s top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices
Oil & Gas Trade
20-05-2024
Russia to Lift Gasoline Export Ban, RBC Reports
A view of the Rosneft Achinsk oil refinery plant, one of the biggest Siberian fuel suppliers, near the town of Achinsk, some 188 km (117 miles) west of Krasnoyarsk, April 28, 2011. REUTERS/Ilya Naymushin/File Photo Purchase Licensing RightsThe Russian gov
Oil & Gas Trade
20-05-2024
Landlocked Niger With China's Aid Starts Oil Exports With Pipeline to Benin
The government of the West African nation of Benin agreed to temporarily lift its blockade of Niger’s oil exports from its Port of Cotonou. While it represents a major advancement for the landlocked country’s ambitions, it is also seen
Oil&Gas Drilling
20-05-2024
Suriname's Oil Resources Seen Totaling Over 2 Bbbl, Wood Mackenzie Reports
Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mackenzie.Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are
Oil&Gas Drilling
20-05-2024
State Companies Plan to Extract 15 Cubic Meters of Gas and Two Million Tons of Oil This Year and Have Launched Seven New Gas Wells.
The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to gas production, oil production is also incre
Oil&Gas Drilling
20-05-2024
Saipem Secures $850 Million Award Offshore Angola From Eni-Led Joint Venture
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km of
Oil Pipeline
18-05-2024
Putin Says Oil Pipeline Could Run Alongside Planned New Gas Link to China
Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday.Putin, wrapping up a two-day visit to China, said he and his hosts had confirmed their interest in moving forward with the propose
Oil & Gas Trade
18-05-2024
Saudi Aramco Signs MoUs With US Firms Aeroseal, Spiritus and Rondo
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo Purchase Licensing RightsSaudi Aramco (2223.SE), opens new tab signed three memorandums of understanding (MOU) with U.S. c
Oil & Gas Trade
18-05-2024
Totalenergies Strikes Supply Deal with Dangote on Nigerian Refinery
The logo of French oil and gas company TotalEnergies is seen at a TotalEnergies gas station in Bugnicourt, France, October 8, 2022. REUTERS/Pascal Rossignol/File Photo Purchase Licensing RightsFrench energy major, TotalEnergies (TTEF.PA), opens new tab, h
Oil&Gas Drilling
17-05-2024
Asia's First Cylindrical FPSO Coming to Work on Chinese Oilfield
The loading operation of a floating production, storage, and offloading (FPSO) vessel, which is said to be independently designed and built by China as Asia’s first cylindrical FPSO, has been wrapped up by a semi-submersible heavy lift vessel. T
Oil & Gas Trade
17-05-2024
Pakistan, China Likely to Sign MoU on Petrochemical Refinery Next Month
During Prime Minister Shehbaz Sharif’s visit to Beijing in June, the governments of China and Pakistan are expected to sign a memorandum of understanding (MoU) on the crude-to-petrochemical refinery project, reported The News on Friday.A senior
Oil & Gas Supply
17-05-2024
Türkiye's Turkmenistan Gas Quest Through Geopolitical Gridlock
Türkiye’s energy minister and Azerbaijan’s economy minister signed a comprehensive deal on Tuesday on capacity expansion for several natural gas pipelines. Turkmenistan natural gas is critically important on a global scale to
Oil & Gas Trade
17-05-2024
Bulgaria Demands €400 Million From Gazprom for Suspended Gas Supplies
Bulgarian state-owned gas company Bulgargas is seeking more than €400 million in damages from Russian gas monopoly Gazprom Export-Import for the sudden suspension of natural gas supplies at the end of April 2022.Gazprom halted supplies to Bulgari
Oil&Gas Drilling
17-05-2024
Indonesia Expects Oil and Gas Investments to Rise 29% to $17 Billion in 2024
Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell (SHEL.L), opens new tab and Ch
Oil&Gas Drilling
17-05-2024
New Dutch Coalition Aims for More Offshore Gas Extraction, Nuclear Energy
The incoming Dutch government said on Thursday it will aim to expand offshore natural gas extraction and nuclear energy production as part of plans to reduce the Netherlands' dependence on "unreliable countries."In its draft coalition pa
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
