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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
08-03-2024
Tanker Liteyny Prospect, Hit by Sanctions, Docks in China to Offload Russian Oil
The Russian tanker Liteyny Prospect, hit by sanctions, has docked at the Chinese port of Huanghua to discharge its 700,000-barrel Russian Sokol crude cargo, two sources familiar with the matter said, clearing part of a backlog of cargoes disrupted by sanc
Oil&Gas Drilling
08-03-2024
China's CNOOC Makes 100 Million Ton Oilfield Discovery in South China Sea
The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo Purchase Licensing RightsChinese state-
Turkey
08-03-2024
Turkey Signs Energy Cooperation Deal with Somalia
Turkey signed an offshore oil and natural gas cooperation deal with Somalia on Thursday, the Turkish Energy Ministry said, further strengthening bilateral ties after agreeing a defence deal last month.The energy ministry said the deal, which it described
Oil & Gas Supply
08-03-2024
IEA Sees Relatively Well Supplied Oil Market in 2024
A view of the logo of the International Energy Agency in Paris, France, December 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Purchase Licensing RightsThe global oil market is relatively well supplied with demand growth slowing, while supply is increasi
Oil&Gas Drilling
08-03-2024
Argentina State Oil Firm YPF to Invest $3 Bln in Shale in 2024
A view shows YPF Tower, a day after Argentina's runoff presidential election, in Buenos Aires, Argentina November 20, 2023. REUTERS/Agustin Marcarian Purchase Licensing RightsArgentina's national oil company YPF (YPFD.BA), opens new tab on
Oil & Gas Trade
08-03-2024
Germany Extends Rosneft Trusteeship for Third Time as Russian Oil Firm Seeks Buyer
A view shows fuel tanks at a facility of Rosneft energy company outside the town of Neftegorsk in the Samara Region, Russia September 1, 2023. REUTERS/Alexander Manzyuk/File Photo Purchase Licensing RightsGermany extended its trusteeship over Rosneft&
Oil and Gas Equipment
08-03-2024
Totalenergies' Donges Oil Refinery in France Restarting Multiple Units
A view of the TotalEnergies logo as the sun rises, on the day French riot police pushed back energy workers on strike as they gathered in front of the refinery to protest against the French government's pensions reform, in Gonfreville-L’
Oil & Gas Trade
08-03-2024
Hess Says Reviewing Timeline for Closing Chevron's Takeover Deal
A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder/File Photo Purchase Licensing RightsU.S. oil producer Hess (HES.N), opens new tab said on Thursday it was reviewing the timeline for closing its takeover dea
Oil Pipeline
08-03-2024
TC Energy's Keystone Oil Pipeline Restarts After Going Offline
The route of the Keystone XL crude oil pipeline lies idle through a farmer's field near Oyen, Alberta, Canada February 1, 2021. REUTERS/Todd Korol/File Photo Purchase Licensing RightsTC Energy's (TRP.TO), opens new tab Keystone oil pipelin
Oil&Gas Drilling
07-03-2024
Chevron Restarts Drilling in Key Venezuela Oil Field
A Petroleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Wednesday, Nov. 15, 2023. A decision by the US on Oct. 18 to ease sanctions in exchange for greater political freedom in Venezuela, has opened the do
Oil & Gas Trade
07-03-2024
Russian Court Warns Czech net4gas of $122 Mln Fine Over Gazprom Lawsuit
A view shows the Orenburg gas processing plant of Gazprom in the Orenburg Region, Russia Septeember 6, 2022. REUTERS/Alexander Manzyuk/File Photo Purchase Licensing RightsA Russian court said on Wednesday Czech firm Net4Gas (N4G) would have to pay a fine
Oil&Gas Drilling
07-03-2024
Dutch Lawmakers Indicate Support to Permanently Shutter Groningen Gas Wells
A majority in the Dutch parliament said on Wednesday they would back a proposal to permanently seal off gas production wells at the Dutch Groningen field in a vote scheduled for March 12.Gas production at Groningen, once one of Europe's largest ga
Oil & Gas Trade
07-03-2024
UK's Hunt Extends Energy Windfall Tax by One Year to 2029
British Chancellor Jeremy Hunt speaks to members of the media during a visit to a builders warehouse in London, Britain, March 6, 2024. Kirsty Wigglesworth/Pool via REUTERS Purchase Licensing RightsBritish finance minister Jeremy Hunt said on Wednesday he
Oil Pipeline
07-03-2024
Enbridge to Spend $500 Million on Pipeline Network, Raises Profit Targets
Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsNorth American pipeline operator Enbridge (ENB.TO), opens new tab raised its short-term profit growth foreca
Oil Price
07-03-2024
Oil Prices up 1% on Small Build in US Crude Stocks, Fed Rate Cut Remarks
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant//File Photo Purchase Licensing RightsOil prices edged up about 1% on Wednesday on a smaller-than-expected build in U.S. crude inve
Natural Gas
07-03-2024
Exclusive: Mexico's Pemex, Carlos Slim Team Met to Discuss Deepwater Gas Project, Sources Say
Mexican billionaire Carlos Slim hosts a press conference, in Mexico City, Mexico, February 12, 2024. REUTERS/Henry Romero/ File Photo Purchase Licensing RightsMexican state energy company Pemex and billionaire investor Carlos Slim's team are discu
Oil & Gas Trade
07-03-2024
Exxon Signals Potential Counter Offer for Hess's Guyana Assets
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil Corp (XOM.N), opens new tab on Wednesday said it filed a contract arbitration claim related to Hess Corp&
Oil & Gas Trade
07-03-2024
US Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo Purchase Licensing RightsNearly 50 Democrats in the U.S. Congress on Wedne
Oil & Gas Trade
06-03-2024
Nigeria's Dangote Wants to Set up Trading Arm for Lagos Mega Refinery
Aliko Dangote, Founder and Chief Executive Officer of the Dangote Group, speaks during the commissioning of Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria, May 22, 2023. REUTERS/Temilade Adelaja/File Photo Purchase Licensing RightsAfrica
Oil&Gas Drilling
06-03-2024
Bangladesh to Invite Bids for Offshore Oil and Gas Exploration
Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been ba
LNG
06-03-2024
Exclusive: Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets, Sources Say
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Purchase Licensing RightsSingapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of
Oil&Gas Drilling
06-03-2024
Canadian Oil Producer Cenovus to Boost Production 19% in Five Years
Cenovus Energy (CVE.TO), opens new tab, Canada’s third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands.Canada’s heavy oil se
Oil&Gas Drilling
06-03-2024
Netherlands Won't Permit Gas Drilling in Sensitive Wadden Sea, Government Says
A person walks on ice on the Wadden Sea during the low tide near the island of Schiermonnikoog, the Netherlands, February 28, 2018. REUTERS/Cris Toala Olivares/File Photo Purchase Licensing RightsThe Netherlands will not permit companies to drill for gas
Oil & Gas Trade
06-03-2024
Oil Falls 1% on Concerns Over China's Economic Growth Plan
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 fell nearly 1% on Tuesday, pressured by skepticism around China achievi
Oil & Gas Trade
05-03-2024
Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil
With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is embarking on an extensive exploration campaign to harness its resources for enhanced energy
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