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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Field
20-02-2025
China Completes Drilling of Asia’s Deepest Vertical Well
Staff members pose for a group photo as they celebrate the completion of the drilling of "Shenditake 1," an ultra-deep borehole reaching 10,910 meters, in the hinterland of the Taklimakan Desert in the Tarim Basin, northwest China's Xinj
Oil Refinery
20-02-2025
OMV Petrom Starts Construction of Sustainable Fuels Production Unit at Petrobrazi Refinery
OMV Petrom S.A. (Bucharest, Romania) announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery. This new facility will position OMV Petrom as the first major producer of
Oil & Gas Trade
20-02-2025
Texas Gulflink Deepwater Port Secures Marad Approval After Multi-Year Review
Sentinel Midstream's Texas GulfLink deepwater crude oil export terminal has received approval from the U.S. Department of Transportation's Maritime Administration for its deepwater port license application. The approval concludes a multi-y
Oil Field
20-02-2025
Enermech Wins Long-Term Extension for NOC Contract, Offshore Qatar
EnerMech has successfully renewed its contract with North Oil Company (NOC) for an additional five years, continuing to provide leak testing and flange management services. This new deal builds on the strong partnership between the two companies, which da
Oil Field
20-02-2025
Diamondback Energy Announces Midland Basin Deal
Diamondback said it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco LLC.Diamondback Energy Inc announced a Midland Basin acquisition in a statement posted on its site on Tuesday.In that statement,
Crude Oil
23-02-2025
Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
A crude oil tanker.Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch of curbs from the US, enlisting a new roster of vessels to keep barrels moving.Between Jan. 30
Oil & Gas Trade
20-02-2025
Russia’s Oil Product Exports Decline as Diesel Surge Tapers Down
Lights illuminate the site of the Gazprom PJSC Amur gas processing plant, under-construction by China Gezhouba Group Corporation (CGGC), as part of the Power Of Siberia gas pipeline project, near Svobodny, in the Amur region, Russia, on Thursday, Dec. 12,
Oil Price
20-02-2025
China to Cut Gasoline, Diesel Retail Prices on Thursday
China will reduce the retail prices of gasoline and diesel on Thursday, the first such move this year, based on recent changes in international oil prices, the country's top economic planner said on Wednesday.Gasoline prices will be slashed by 170
LNG
20-02-2025
More US LNG Coming to Market in Mid-April With Start-up of Commercial Ops at Calcasieu Pass
Calcasieu Pass facility;U.S.-based liquefied natural gas (LNG) export project developer Venture Global has disclosed a date for the beginning of commercial operations at its LNG export project in Cameron Parish, Louisiana, south of Lake Charles, United St
Natural Gas
20-02-2025
Exxon, Government Plan Large-Scale Gas Project in Oil-Dominated Guyana
An Exxon gas station seen in Washington, U.S., November 26, 2024.U.S. oil major Exxon Mobil (XOM.N), opens new tab plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government
OPEC
19-02-2025
Brazil Joins OPEC+
Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said.At the announcement of the Brazilian government’s decis
Oil Pipeline
19-02-2025
Strohm and Unitech Offshore to Deliver Enhanced Pipeline Solutions
Thermoplastic composite pipe (TCP) manufacturer Strohm, and provider of subsea connection systems UNITECH Offshore have signed a MoU to develop and commercialise an integrated system for the transportation of fluids and gases.Under the MoU, the two compan
Natural Gas
19-02-2025
Output of China’s First Deep Coal-Measure Gas Field Hits 3 Billion Cubic Meters
PetroChina announced that its Daji gas field, China's first successfully developed deep coal-measure gas field, has achieved cumulative production of over 3 billion cubic meters on Tuesday.As one of the country's first national coalbed met
LNG
19-02-2025
Tokyo Gas Enters Philippine LNG Market With Terminal Stake
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017.Tokyo Gas (9531.T) said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natura
Oil and Gas Equipment
19-02-2025
Halliburton Launches Its Second Electric TRSV Following Success of Industry’s First
Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New T
RNG
19-02-2025
RNG Coalition Sponsors Introduction of California Biogas Bill
California Senator Timothy Grayson has introduced Senate Bill 377 (SB-377), which aims to modify the state's renewable natural gas (RNG) procurement framework and allow utilities to recover costs associated with RNG interconnection investments. Sp
Oil & Gas Trade
19-02-2025
Texas Gulflink Oil Export Project Gets Federal Approval
Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.Sentinel Midstream has received approval from the Department of Trans
Oil and Gas Equipment
19-02-2025
Exxon’s Fourth Floating Oil Production Facility for Guyana Departs From Singapore
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024.The fourth floating production facility to be operated by a consortium led by Exxon Mobil (XOM.N), in Guyana has departed from Singapore on its route to the
Oil Field
19-02-2025
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal
A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 23, 2019.Two large earthquakes that hit the Permian basin, the top U.S. oilfield, this week have rattled the Texas oil industry
Oil Refinery
19-02-2025
Lyondell Houston Refinery Layoffs to Begin in Mid-April -Letter
An aerial view of LyondellBasell-Houston Refining is seen in Houston, Texas, U.S. August 31, 2017.Layoffs of workers at Lyondell Basell Industries’ (LYB.N), opens new tab shuttered Houston refinery will begin in mid-April, the company said in a
Oil Shale
18-02-2025
Diamondback Nears Permian Deal to Buy Shale Producer Double Eagle
The transaction could be valued at more than $5 billion, the Wall Street Journal reported Friday, citing unnamed sources.Diamondback Energy Inc. is closing in on a deal to acquire closely held West Texas oil producer Double Eagle in a bid to further its d
Oil&Gas Drilling
18-02-2025
Malaysia’s Petronas Launches 2025 Bid Round for Exploration Blocks
Petronas logos are pictured at a fuel station in Serdang, Malaysia March 4, 2021.Malaysian state energy firm Petroliam Nasional Berhad (Petronas) said on Tuesday it had launched the Malaysia Bid Round 2025 with offers of exploration blocks in Peninsular M
Oil Price
18-02-2025
Oil Inches up on Kazakhstan Supply Disruption
An oil pumpjack is seen in Lagunillas, Venezuela January 29, 2019.Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains
LNG
22-02-2025
China’s LNG Imports Near Record High in 2024
The volume of liquefied natural gas (LNG) imports to China reached around 77 million tonnes (Mt) in 2024, nearly reaching the record-high of 79 Mt in 2021, according to Rystad Energy.In its latest special market update, Rystad said China’s LNG i
Oil&Gas Drilling
18-02-2025
Petrobras Strikes Black Gold Within Producing Oil Field’s Pre-salt Offshore Brazil
Map showing location of new discoveryBrazilian state-owned energy heavyweight Petrobras has made a new oil discovery in the pre-salt area of its existing field off the coast of Brazil.The drilling of the 9-BUZ-99D-RJS well in the western region of the B&a
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Most views from Oil & Gas
1
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
2
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
3
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
4
Oil Prices Post 3% Annual Decline
5
Shell Sorry for Buying Russian Crude
6
Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows