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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
17-05-2024
Exclusive: Chevron Prepares for North Sea Exit After More Than 55 Years
Chevron (CVX.N), opens new tab said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years.The planned divestment, confir
Oil&Gas Drilling
17-05-2024
Crescent Energy Expands Texas Shale Ops With $2.1 Billion Silverbow Buy
Oil and gas producer Crescent Energy (CRGY.N), opens new tab has agreed to buy rival SilverBow Resources (SBOW.N), opens new tab for $2.1 billion, a deal which would create the second-largest operator in the Eagle Ford basin in south Texas.The agreement c
Oil & Gas Trade
16-05-2024
Stake in Shell's UK Gas Field Enables Norwegian Player to Bolster North Sea Portfolio
DNO Exploration UK Limited, a wholly owned subsidiary of Norway’s oil and gas firm DNO, has enriched its North Sea portfolio with a new addition, thanks to the acquisition of an interest in a Shell-operated gas field located on the UK Continenta
LNG
16-05-2024
Japan's JERA to Invest $32 Billion in LNG, Renewables and New Fuels Over Decade
Japan's JERA plans to invest 5 trillion yen ($32.4 billion) over the coming decade into renewable energy, new fuels like hydrogen and ammonia, and liquefied natural gas (LNG), global CEO Yukio Kani told reporters on Thursday.By fiscal year 2035, J
Gas Power Stations
16-05-2024
Utility Plans Another Gas-Fired Power Plant for North Dakota
Todd Brickhouse, CEO of Basin Electric Power Cooperative, participates in a roundtable discussion on the energy supply during the Williston Basin Petroleum Conference at the Bismarck Event Center on May 15, 2024. (Michael Achterling/North Dakota Monitor)B
Oil&Gas Drilling
16-05-2024
Colombia Oil Output Closing in on 800,000 Bpd, Regulator Head Says
Colombia's average daily oil output is closing in on 800,000 barrels per day (bpd) even as the Andean country increasingly looks to boost renewable energies, the president of the National Hydrocarbons Association (ANH) regulator said.The governmen
LNG
16-05-2024
Qatar to Sign More Long-Term LNG Contracts This Year, Qatarenergy CEO Says
Qatar has not had difficulty securing long-term liquefied natural gas (LNG) contracts and will sign more this year, QatarEnergy CEO and State Minister for Energy Saad al-Kaabi said at an economic forum on Wednesday."We've actually secured 25
Oil & Gas Trade
16-05-2024
Gazprom CEO Miller Is in Iran as Putin Prepares to Visit China
Gazprom (GAZP.MM), opens new tab CEO Alexei Miller is on a working visit to Iran, the company said on Wednesday, just as President Vladimir Putin prepares to visit China with a high-level delegation for talks with Xi Jinping.Gazprom, the world's b
LNG
16-05-2024
Ships Queue at Freeport LNG Plant in Texas as Full Operations Resume
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 RightsLNG tankers began loadin
LNG
16-05-2024
China LNG Imports Could Hit Record Levels in 2024, Petrochina Official Says
Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsChina's liquefied natural gas imports could hit record levels in 2024, a Petr
Oil & Gas Trade
16-05-2024
Petrobras Shares Plunge as Brazil's Lula Swaps CEO, CFO
Brazil’s state-run oil company Petrobras Chief Executive Jean-Paul Prates attends an interview with Reuters in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo Moraes/File Photo Purchase Licensing RightsBrazil's Petrobras (PETR4.SA)
Oil&Gas Drilling
15-05-2024
Woodside Making Strides in Developing Deepwater Gas Project
Australian energy giant Woodside Energy has discussed the inroads made in the development of its deepwater natural gas field off the coast of Trinidad with the country’s Ministry of Energy and Energy Industries. The negotiations on fiscal terms
Oil&Gas Drilling
15-05-2024
Patterson-UTI Signs Term Sheet to Partner With ADNOC Drilling in the UAE
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national
Oil & Gas Trade
15-05-2024
Iraq and Honeywell Sign Deals to Support Iraq's Energy Growth
The Iraqi government and Iraq’s private sector and Honeywell have signed a number of Memoranda of Understandings (MoUs). The MoUs will strengthen Iraq’s infrastructure as the nation deals with a growing demand for energy and power.The
Oil & Gas Trade
15-05-2024
India Oil Demand Driven by Consumers Rather Than Industry: Kemp
India’s oil consumption increased by 3.7 million tonnes (4.8%) in the first four months of 2024 compared with the same period in 2023, according to data from the government’s Petroleum Planning and Analysis Cell.Increased domestic cons
Oil & Gas Trade
14-05-2024
Indonesia Offers Five Oil and Gas Blocks in First Auction for 2024
Indonesia has offered five onshore and offshore oil and gas blocks in its first tender for the year amid efforts to reverse an extended production decline.Indonesia used to be a net oil exporter but this has changed as natural depletion and insufficient n
Oil & Gas Trade
14-05-2024
Slovakia Lays Plans to Receive Gas From Azerbaijan
Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.Fico said the drop in Russi
Oil & Gas Trade
14-05-2024
Azerbaijan Boosts Gas Exports – Minister
Azerbaijan has increased gas exports by 2.7 percent in the first four months of 2024, as compared to the same period in 2023, the country’s energy minister Parviz Shahbazov wrote on X, Trend reports.In January-April 2024, 4.2 bcm of gas was expo
Oil & Gas Trade
14-05-2024
India Signs Landmark 10-Year Agreement to Manage Strategic Iranian Port of Chabahar
India has signed a landmark 10-year agreement to manage the strategic Iranian port of Chabahar — a significant move that will help it crank up trade with Central Asia and ensure safe and secure transportation of crude oil from Iran while bypassing maritim
LNG
14-05-2024
Gazprom Using FSRU Marshal Vasilevskiy as LNG Tanker, LSEG Data Shows
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov/File Photo Purchase Licensing RightsRussia's Gazprom (GAZP.MM), opens new tab is using a floating storage and regas
Oil & Gas Trade
14-05-2024
US Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoPurchase LicensingRightsU.S. oil output from top shale-producing regions will rise in June to its highest in six m
Oil & Gas Trade
14-05-2024
Kuwait Petroleum Renews Oil Supply Deal With China's Unipec Until 2033
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day of crude oil to China's Unipec, the trading arm of Asia's largest refiner Sinopec, until 2033, KPC said in a statement on Monday.
Oil&Gas Drilling
13-05-2024
Adnoc Drilling Lands $1.7bn Contract for UAE's Energy Resources
Adnoc Drilling has been awarded, by Adnoc, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells.To service the
Crude Oil
13-05-2024
India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data
Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year e
Oil&Gas Drilling
13-05-2024
Exxonmobil Brings Qatarenergy on Board as Its New Partner in Two Exploration Blocks
Qatar’s state-owned energy giant QatarEnergy has sealed a deal with ExxonMobil, a U.S.-headquartered energy heavyweight, to enter two exploration blocks off the coast of Egypt.Map showing two exploration blocks in Egypt; Source: QatarEnergyThe f
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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'
