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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 Trade
16-04-2024
US Oil Output From Top Shale Regions to Rise in May, EIA Says
A pump jack lifts oil out of a well during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann Saphir/File Photo Purchase Licensing RightsU.S. oil output from top shale-producing regions will rise in May to the h
Oil & Gas Trade
16-04-2024
India Raises Windfall Tax on Petroleum Crude
An Oil and Natural Gas Corp's (ONGC) well is pictured in an oil field on the outskirts of the western city of Ahmedabad, India, February 10, 2016. REUTERS/Amit Dave/File Photo Purchase Licensing RightsThe Indian government has raised its windfall
Oil & Gas Supply
16-04-2024
Canada's Tamarack Valley Shutters Production After Alberta Gas Plant Fire
Canadian oil and gas producer Tamarack Valley Energy (TVE.TO), opens new tab has temporarily shut in about 6,200 barrels of oil equivalent per day (boepd) of production after a fire at a third-party gas plant at Mitsue, Alberta, CEO Brian Schmidt said on
Oil Field
15-04-2024
Valeura Energy Inc.: Three Oil Discoveries in the Gulf of Thailand
Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce three oil discoveries on its
Oil & Gas Trade
15-04-2024
Japanese Investors Partner With I Squared Capital on Us$370 Million Strategic Investment in Natural Gas Infrastructure to Accelerate the Energy Transition in India
Japanese investors to take a minority stake in a Singapore-based holding company with investments in companies developing city gas distribution networks in India.- Transaction to provide fresh injection of equity to support new infrastructure investments
Oil & Gas Trade
15-04-2024
Kazakhstan to Compensate for Exceeding OPEC+ Quota in March
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Purchase Licensing RightsKazakhstan will compensate for exceeding its oi
Oil Field
15-04-2024
88 Energy Strikes Second Oil Discovery in Alaska
88 Energy Limited celebrates a significant milestone with the second light oil discovery at the SMD-B reservoir in its Hickory-1 well, Alaska, yielding a peak flow rate of around 50 barrels per day. With minimal associated gas flow, the results confirm th
Crude Oil
15-04-2024
Niger and China Sign Crude Oil MoU Worth $400 Mln, Says Niger State TV
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.RTN did
Oil & Gas Trade
13-04-2024
IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption
The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. ReutersThe International Energy Agency has revised down its prediction for oil demand growth this year, due to lower-than-expected consumption an
Oil&Gas Drilling
13-04-2024
Exxon Moves Forward With Sixth Oil Project in Guyana
Exxon Mobil?s new headquarters are seen under construction in Georgetown, Guyana, February 18, 2024. REUTERS/Sabrina Valle/File Photo Purchase Licensing RightsAn Exxon Mobil-led oil consortium (XOM.N), opens new tab on Friday gave the financial green ligh
Oil and Gas Equipment
12-04-2024
JSI Alliance completes Basrah Refinery heavy lift shipments for JGC
On 11 March, MV Svenja discharged her cargo of 9 modules. The discharge marked the completion of the JSI Alliance’s scope of work in the Basrah Refinery Upgrading Project for JGC Corporation. The Alliance’s undertaking of this large-sc
Oil & Gas Trade
12-04-2024
Exclusive: UAE's Adnoc Recently Eyed BP as Takeover Target, Sources Say
The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File photo Purchase Licensing Rights33.2%.The United Arab Emirates' state-owned oil company recently considered buying Britain&#
Oil & Gas Trade
12-04-2024
Oil Exports From Russia's Baltic Ports Set to Rise 5% in April
Russian oil loadings including Kazakhstan's transit via Primorsk and Ust-Luga ports are set to rise to 7.1 million metric tons (1.73 million barrels per day) in April from 7.0 metric tons in March, according to two sources, citing preliminary expo
Oil & Gas Trade
12-04-2024
Cenovus Energy to Invest $1.5 Billion in Ohio Refineries Over Next 5 Years
Cenovus Energy (CVE.TO), opens new tab on Thursday said it plans to invest $1.5 billion in its Ohio refineries over the coming five years, including Lima and Oregon.The investment in Ohio refineries include maintenance, reliability measures and market acc
LNG
11-04-2024
Germany's Mukran LNG Terminal Receives Operating Permit
A general view shows pipe systems on a special ship, "Neptune", the floating liquefied natural gas terminal, during the inauguration of the Liquefied Natural Gas (LNG) terminal 'Deutsche Ostsee' in the port of Lubmin, Germany Jan
LNG
11-04-2024
Russian LNG Accounts for a Quarter of Spanish Gas Imports in March
A general view shows Enagas liquefied natural gas (LNG) terminal at Zona Franca in Barcelona, Spain, March 29, 2022. REUTERS/Albert Gea/File photo Purchase Licensing RightsLiquefied natural gas (LNG) from Russia comprised almost 26% of Spain's gas
Oil Pipeline
11-04-2024
Biden Administration Says Enbridge Pipeline Shutdown Order Should Be Reconsidered
Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsThe Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that woul
Oil Field
10-04-2024
Brazil's Petrobras Discovers Oil Deposits in Ultra-Deep Waters of Potiguar Basin
Brazil's state-run oil company Petrobras said on Tuesday it has discovered oil deposits in the ultra-deep waters of the Potiguar basin, in the Equatorial Margin.This is the second well in Potiguar where the firm has found hydrocarbons. Both finds
United States
10-04-2024
Oil steady as U.S. crude stock build offsets Middle East uncertainty
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 RightsOil prices held steady in early trade on Wednesday after two straight days of loss
LNG
09-04-2024
Totalenergies, Sonatrach Join Forces to Develop Gas Resources in Algeria
TotalEnergies and SONATRACH have signed an agreement to explore and develop gas resources in Algeria's northeast Timimoun region, Trend reports.According to TotalEnergies, this agreement falls under Law n°19-13, which governs hydrocarbon a
Oil and Gas Equipment
09-04-2024
Mitsubishi Power Receives Order From HK Electric for Natural-Gas-Fired GTCC Power Generation Equipment
-- Core Components of Lamma Power Station Unit 13 --- Latest order follows earlier orders for Units 10, 11 and 12- Unit 13 operations scheduled to commence in early 2029TOKYO, Apr 9, 2024 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mit
Oil & Gas Trade
09-04-2024
BP in Talks to Sell Some Trinidad Upstream Gas Assets to Perenco
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
08-04-2024
Tanzania to Showcase $40B Liquefied Natural Gas (LNG) Project, Gas Prospects at Invest in African Energy (IAE) 2024
With estimated recoverable gas resources of around 57 trillion cubic feet (tcf), Tanzania will feature as part of an East African regional spotlight at Invest in African Energy (IAE) 2024, as the country seeks partners across various exploration, developm
LNG
08-04-2024
Totalenergies: Papua LNG Project Requires 'More Work' to Reach Final Investment Decision
Signage at a TotalEnergies gas station in Paris, France, February 6, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing RightsFrench oil and gas giant TotalEnergies (TTEF.PA), opens new tab on Monday said a planned new liquefied natural gas (LNG)
Gas Power Stations
08-04-2024
Mytilineos Signs Contract for CCGT Plant in Poland
Image by Robert Fotograf from PixabayMytilineos Energy & Metals in Consortium with Siemens Energy has undertaken the construction of a 560MW combined cycle gas turbine (CCGT) power unit at the Adamów Power Plant in Turek, Poland.The Adam&am
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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'
