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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
OPEC
02-04-2024
OPEC Oil Output Falls in March, Led by Iraq - Reuters Survey
OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsOPEC oil output fell last month, a Reuters survey found on Monday, reflecting lower exports from Iraq and Nigeria against a
Oil & Gas Trade
02-04-2024
Argentina Builds Case for Exporting Natgas to Brazil Through Bolivia
Workers are pictured during the construction of the Nestor Kirchner gas pipeline, which first stage was inaugurated on Sunday to transport natural gas from the Vaca Muerta formation in western Argentina to the province of Santa Fe, passing through the pro
Oil Price
02-04-2024
US Pump Prices Set to Climb on Russian Refinery Outages
A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, California, U.S., March 10, 2022. Picture taken March 10, 2022. REUTERS/Bing Guan/File Photo Purchase Licensing RightsApril 1 (Reuters) - Gasoline
Crude Oil
01-04-2024
Adnoc Begins Crude Production in Offshore Asset
Abu Dhabi National Oil Company (Adnoc) has started crude oil production from its Belbazem offshore block, approximately 74.6 miles (120 kilometers) northwest of Abu Dhabi in the United Arab Emirates (UAE).The Belbazem offshore block is operated by Al Yasa
Renewable Energy
01-04-2024
South Africa's New Energy Plan Needs a Mix of Nuclear, Gas, Renewables and Coal, Says Expert
South Africa's economy has been hard hit by 15 years of loadshedding (rolling blackouts). The country's coal-fired power plants have a maintenance backlog and frequently experience unexpected technical failures. On the other hand, South Af
Oil & Gas Trade
01-04-2024
CNOOC, Mozambique Partner to Increase Oil and Gas Investment With Offshore Exploration Deals
the government of Mozambique approved the terms and conditions for Concession Contracts for oil and gas research and development in Blocks A6-E, A6-G, A6-D, S6-A and S6-B. The government announced that China’s CNOOC Ltd. and Mozambique&rsquo
Oil & Gas Technology
01-04-2024
Conrad Firms up Gas Sales Deal, Moves Towards Fid for Indonesian Offshore Gas Field Project
Conrad Asia Energy has achieved another milestone towards exploitation of the Mako field offshore Indonesia with the signing of binding key terms for a gas sales and purchase agreement (GSA) covering the domestic portion of the production with national ga
LNG
01-04-2024
Qatarenergy to Charter 19 New LNG Vessels Expanding Fleet Further
QatarEnergy (QATPE.UL) CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremo
LNG
01-04-2024
Canada 'Not Interested' in Investing in LNG Facilities, Energy Minister Says
Canada's Minister of Energy and Natural Resources Jonathan Wilkinson speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa, Ontario, Canada September 19, 2023. REUTERS/Blair Gable Purchase Licensing RightsCanada is no
Oil & Gas Trade
01-04-2024
Russian Oil Arrives in Cuba After Year-Long Hiatus
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Purchase Licensing RightsCuban state-run media said at the weekend that 90,000 metric tons of Russian oil had arrived in
Crude Oil
30-03-2024
Russia Will Cut Oil Output in Q2 to Catch up With Other OPEC+ Countries
A working oil pumpjack in Taft Kern County California US September 21, 2023. — AFPRussia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Dep
LNG
30-03-2024
B.C. Greenlights Delta LNG Jetty Construction
B.C. Environment Minister George Heyman speaks during an announcement at Burns Bog, in Delta, B.C., on Monday, June 29, 2020. British Columbia's Environment Ministry says a marine jetty project in Delta, B.C., to facilitate liquefied natural gas e
Crude Oil
30-03-2024
US Crude Output Falls 6% in January Due to Severe Cold, EIA Says
An aerial view of an oil tanker and storage tanks at Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo Purchase Licensing RightsU.
Natural Gas
29-03-2024
Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
Canacol Energy Ltd. has declared the Pomelo 1 well a natural gas discovery, in the latest of successful drilling campaigns in Colombia’s Magdalena Basin.Drilled to a total depth of 12,276 feet, the exploration well showed 96 feet of true vertica
Oil & Gas Trade
29-03-2024
Asia Crude Imports Surge as China, India Snap up Russian Oil
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 milli
Oil&Gas Drilling
29-03-2024
US Drillers Cut Oil and Gas Rigs for Second Week in a Row - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Thursday.The
LNG
28-03-2024
Petrovietnam Gas Signs Deal to Buy 70,000 Metric Tons LNG From Qatarenergy
PetroVietnam Gas (GAS.HM), opens new tab said on Wednesday it has signed a contract with QatarEnergy to buy 70,000 metric tons of liquefied natural gas for delivery on April 12-13.The cargo will be used for "industrial production and to ensure nation
Oil & Gas Trade
28-03-2024
Iraq Signs 5-Year Gas Supply Deal with Iran, Says State Media
File photo: A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani/File photo Purchase Licensing RightsIraq signed a 5-year gas suppl
Gas Power Stations
28-03-2024
CPS Energy to Buy Gas Plants From Talen Energy for $785 Million
Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy TLNE.PK for $785 million.Talen Energy Supply, a unit of Talen Energy Corp that holds several of its power plants, in 2022 had
Oil & Gas Trade
28-03-2024
Exclusive: Russia Increases Gasoline Imports From Belarus as Domestic Supplies Shrink
Joint stock company Mozyr Oil Refinery is pictured near the town of Mozyr, Belarus January 4, 2020. REUTERS/Vasily Fedosenko/File Photo Purchase Licensing RightsRussia has increased gasoline imports from neighbouring Belarus in March to tackle the risk of
LNG
28-03-2024
IKAV, VTTI Buy Majority Stake in Italy's Biggest LNG Terminal
A sign is pictured in front of the Vitol Group trading commodities building in Geneva October 4, 2011. Picture taken October 4, 2011. REUTERS/Denis Balibouse/File Photo Purchase Licensing RightsDutch infrastructure group VTTI and German asset manager IKAV
Oil & Gas Trade
27-03-2024
Gazprom 2023 Net Profit to Russian Accounting Standards Down 7% to $7.5 Billion
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 Purchase Licensing RightsRussian energy giant Gazprom (GAZP.MM), opens new tab sai
Oil&Gas Drilling
26-03-2024
OGDCLDiscovers Gas Reserves in Khyber-Pakhtunkhwa
Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) state-owned company, has discovered hydrocarbon reserves at Togh-02 well, located in Kohat, district, Khyber Pakhtunkhwa.The development
Oil & Gas Trade
26-03-2024
Petrochina's 2023 Net Income up 8.3% on Strong Fuel, Gas Sales
PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights.PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last
LNG
26-03-2024
Gazprom's Unit Buys Former Shell Stake in Sakhalin Energy for $1 Bln
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov Purchase Licensing RightsKremlin-controlled energy giant Gazprom (GAZP.MM), opens new tab has acquired a 27.5% stake, forme
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