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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 Field
22-04-2024
Aker BP's North Sea Field Comes on Stream
Norwegian oil and gas player Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.Ivar Aasen platform; Source: Aker BPThe Hanz subsea field development, discovered in 1997,
LNG
22-04-2024
Technip Energies Awarded a Substantial Contract for Totalenergies and Oq's Marsa LNG Project in Oman
Technip Energies (PARIS: TE), has been awarded a substantial(1) contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman.The contract covers Engineering, Procurement and Construction (EPC) of a natural gas liquefaction t
Norway
22-04-2024
Norway Oil and Gas Output up in March
Norway produced 2.1 million barrels of petroleum, natural gas liquids and condensate per day last month.Norway produced 2.1 million barrels of petroleum, natural gas liquids (NGLs) and condensate per day last month, up from the prior month and the corresp
LNG
22-04-2024
NNPCL Launches LPG Micro Filling Plant in Nasarawa
The Nigerian National Petroleum Company Limited (NNPCL) has launched the company’s maiden LPG Micro Filling Plant in Nasarawa State to make cooking gas available and affordable in rural areas.External Relations of the NNPCL, Aisha Birma, who led
Crude Oil
22-04-2024
China's Crude Oil Output Increases in January-March
China's crude oil output posted steady growth in the first three months of this year, official data showed.The output totaled 53.48 million tonnes in the January-March period, rising 2.3 percent year on year, according to the National Bureau of Statis
Oil & Gas Trade
22-04-2024
China's March Fuel Oil Exports Fall 32% Y/Y
A worker refuels a Dalian Airlines aircraft with aviation fuel at an airport in Hohhot, Inner Mongolia, China August 3, 2015. REUTERS/Stringer/File photo Purchase Licensing RightsChina's exports of marine fuel oil fell 32% in March from a year ear
Oil & Gas Trade
22-04-2024
Portugal's Galp Says Field off Namibia Could Contain 10 Billion Barrels of Oil
Galp Energia logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsPortuguese oil company Galp Energia (GALP.LS), opens new tab said on Sunday it had concluded the first phase o
Oil&Gas Drilling
20-04-2024
NNPC Ltd, First E&P Begin Production at OML 85, Target 20,000BPD
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field.Producti
LNG
19-04-2024
Stena Bulk Bids Farewell to Its Last LNG Tanker
Swedish tanker shipping company Stena Bulk has no more LNG carriers in its fleet after selling the remaining one to an undisclosed Asian buyer.Stena Blue Sky; Source: Stena BulkAccording to the company, the transfer has already taken place, and the LNG ca
Oil Field
19-04-2024
Canacol Makes Second Gas Discovery in Weeks in Colombian Basin
Canacol Energy Ltd. announced Thursday a natural gas discovery in the Chontaduro 1 well, its second gas discovery in weeks in the same license area in Colombia’s Lower Magdalena Basin.Drilled to a total depth of 9,625 feet, the exploration well
Oil & Gas Trade
19-04-2024
Nigeria Strikes Deal with Shell to Supply $3.8 Bln Methanol Project
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 RightsNigeria has struck a deal for S
Gas Pipeline
18-04-2024
Croatia Signs €400 Million New Gas Pipelines Contract
The Croatian government has announced plans to construct two natural gas pipelines totalling €400 million (US$430 million) to improve the country's gas supply security and facilitate deliveries to neighbouring Hungary and Slovenia.The pro
Oil & Gas Trade
18-04-2024
Azerbaijani Oil and Gas Sector Invested $0.8 BN in First Q
In January-March of the current year, funds of AZN1,4bn ($0.8bn) were directed to the oil and gas sector, Azernews reports, citing the State Statistics Committee.The volume of investments in Azerbaijan's oil and gas sector increased by 2.7 percent
Oil & Gas Trade
18-04-2024
Oil Inches up After U.S. Reimposes Venezuela Oil Sanctions
El Palito refinery of the Venezuelan state oil company PDVSA is pictured, in Puerto Cabello, Venezuela February 10, 2024. REUTERS/Leonardo Fernandez Viloria/File Photo Purchase Licensing RightsOil prices rose in early trade on Thursday, slightly paring th
Oil & Gas Trade
18-04-2024
FGto Execute $3.8bn Gas Supply Agreement in May
The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024, the Federal Government announced on Monday.The Brass methanol project is a major industrial project being b
Natural Gas
18-04-2024
South Africa's Petrosa Targets Mozambique Gas in New Sales Deal
South Africa's PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage.H
Crude Oil
18-04-2024
India's Crude Oil Imports Remain Stable at 232.5 Million Tons in Fy 2023-24
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsIndia imported 232.5 million metric tonnes (MMT) of crude oil in the financial year 2023-24, compar
Oil & Gas Trade
18-04-2024
Iraqi, US Companies Sign Agreements to Capture, Burn Gas for Power
Flames emerge from a flare stack at the West Qurna 1 oilfield in Basra, Iraq January 1, 2024. REUTERS/Mohammed Aty/File Photo Purchase Licensing RightsIraqi and U.S. companies signed a series of agreements on Wednesday to capture natural gas traditionally
Oil & Gas Trade
17-04-2024
BP Starts Oil Production From $6BN Ace Project in Caspian Sea
Azeri Central East joins six other offshore platforms installed on the ACG field off the coast of Baku, which has been producing since 1997 and has yielded more than 4.3 billion barrels of oil to dateBP expects production from the ACE platform to ramp up
Oil & Gas Supply
17-04-2024
BP Starts Oil Production at New Offshore Platform in Azerbaijan
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 RightsBP (BP.L), opens ne
LNG
17-04-2024
Rupture on TC Energy's NGTL Gas Pipeline Sparks Wildfire in Alberta
A section of TC Energy's (TRP.TO), opens new tab NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said."An initial ignition of natural gas at the rupture site is now ex
Oil Field
16-04-2024
Valeura Makes Three Oil Discoveries Offshore Thailand
Valeura declared three new oil discoveries in the Gulf of Thailand.Valeura Energy Inc. on Monday declared three oil discoveries in the Gulf of Thailand, two in the Wassana field and one in the Nong Yao field.In Wassana, where Calgary City, Canada-based Va
LNG
16-04-2024
Russia's Gazprom Ships Second LNG Cargo From Portovaya to Spain - LSEG Data
A 3D printed natural gas pipeline is placed in front of displayed Gazprom logo and Russian flag in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsRussia's Gazprom (GAZP.MM), opens new
OPEC
16-04-2024
OPEC Woos Namibia as African Nation Prepares to Produce From 2030
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo Purchase Licensing RightsThe OPEC+ oil producers group, having lost Angol
Oil & Gas Trade
16-04-2024
EQT to Sell Some Natgas Assets in Pennsylvania to Equinor USA
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 RightsEQT (EQT.N), opens n
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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