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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
21-02-2024
Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost
U.S. energy firm Equitrans Midstream (ETRN.N), opens new tab delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January
Oil & Gas Supply
21-02-2024
Petrobras to Invest $1.5 Billion in Hisep Decarbonization Tech
Worker repair a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. REUTERS/Ueslei Marcelino Purchase Licensing RightsBrazilian state-run oil company Petrobras (PETR4.SA), opens new tab and partners will invest
Crude Oil
21-02-2024
Exclusive: Biden Administration to Approve E15 Gasoline Expansion Starting in 2025, Sources Say
A sign advertising E15, a gasoline that contains 15% ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young Purchase Licensing RightsThe White House will approve a request from a group of Midwest governors to allo
Oil & Gas Trade
21-02-2024
Guyana's $1.9 Billion Gas-To-Power Project Delayed to 2025
The Exxon Mobil Corp building is pictured in Georgetown, Guyana February 18, 2022. REUTERS/Sabrina Valle Purchase Licensing RightsGuyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that
Oil & Gas Trade
21-02-2024
Exclusive: Occidental Explores $20 Bln-Plus Sale of Western Midstream, Sources Say
The logo of 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 Purchase Licensing RightsOccidental Petroleum (OXY.N), opens new tab is exploring a sa
Oil & Gas Trade
21-02-2024
Australia's Santos Posts Plunge in Full-Year Profit on Weak Commodity Prices
The logo of Australian oil and gas exploration and production company Santos is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsAustralian oil
Oil & Gas Trade
20-02-2024
BP, ADNOC to Form Gas JV in Egypt
Abu Dhabi National Oil Co. (Adnoc) and BP P.L.C. have agreed to form a joint venture (JV) for natural gas production in Egypt, the two companies said.The agreement involves BP contributing its stakes in three development concessions and three exploration
LNG
20-02-2024
12,000 Cbm Brassavola Concludes First Ship-To-Ship LNG Bunkering Operation
Singapore’s newly built LNG bunker vessel Brassavola has completed its first ship-to-ship (STS) LNG bunkering operation.LNG bunker vessel Brassavola (Archive/Courtesy of Seatrium)Pavilion Energy, charterer of the LNG bunker vessel, announced the
LNG
20-02-2024
Greece's First FSRU Receives Commissioning LNG Cargo
Greece’s first floating storage regasification unit (FSRU) based LNG import terminal is gearing up for commissioning tests with the arrival of the first LNG cargo.Alexandroupolis FSRU. (Archive; Courtesy of Gastrade)The commissioning cargo to th
Oil Price
20-02-2024
Australia's Energy Giants to Face Annual Earnings Slump on Bleak Oil Prices
FILE PHOTO: The logo of Australian oil and gas exploration and production company Santos is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File PhotoAustralia's leading
Natural Gas
20-02-2024
Pakistan's OGDLC Makes "Significant" Natural Gas Discovery at Exploratory Well
Pakistan’s state-owned Oil and Gas Development Company (OGDCL) announced a significant natural gas discovery at it’s Kharo-1 well in the Khewari exploration block in the Sindh province.When drilling the well, OGDCL reached a total dept
LNG
20-02-2024
Equinor Signs 15-Year LNG Deal with India's Deepak Fertilsers
Equinor and the Indian fertilizer and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026.Equinor’s growing global LNG portfolio is based on LNG
Oil & Gas Trade
20-02-2024
Russia's Crude Oil Delivery Problems to India Aren't Over Yet
A worker guides drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia gas pipeline, in the Lensk district of the Sakha Republic, Russia, on Wednesday, Oct. 13, 2021.
Oil & Gas Trade
19-02-2024
Azerbaijan to Start Supplying Gas to Hungary via Turkiye
Azerbaijan will start supplying around 275 million cubic metres of natural gas to Hungary via Türkiye in April, Azernews reports.This statement was made to Hungary’s Foreign Affairs and Trade Minister, Peter Szijjarto.The move makes Hun
Oil and Gas Equipment
19-02-2024
Veolia Agrees to Buy Hungarian Gas-Fired Power Plant From Uniper
The logo of Veolia Environnement is seen at the company's headquarters in Aubervilliers near Paris, France, February 12, 2024. REUTERS/Gonzalo Fuentes Purchase Licensing RightsVeolia (VIE.PA), opens new tab has agreed to buy a 430-megawatt, gas-fi
Oil Price
19-02-2024
Oil Down in Thin Trade as US Gears up for Presidents' Day
Army soldier miniatures and stock graph are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/file photo Purchase Licensing RightsOil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve
Oil & Gas Trade
19-02-2024
El Niño Pushes Real US Gas Prices to Multi-Decade Low
Storage tanks and gas-chilling units are seen at Freeport LNG, the second-largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Purchase Licensing RightsInflation-adjusted U.S.
Oil & Gas Trade
19-02-2024
Pakistan to Start Construction on 80-Km Portion of Iran-Pakistan Gas Pipeline
Islamabad is contemplating to kick-off construction work on 80 kilometre portion of Iran-Pakistan gas pipeline project — from Iranian border to Gwadar — to escape a potential penalty of $18 billion, in case Tehran decided to move to the Paris-bas
Oil Field
19-02-2024
Partners in Israel's Tamar gas field agree to further expand production
The partners in Israel's Tamar natural gas field said on Sunday they agreed to expand production at the offshore site, which is a major energy source for Israel and also supplies Egypt and Jordan.Field operator Chevron (CVX.N), opens new tab said
Oil & Gas Trade
19-02-2024
Democratic US Senator Opposes Biden Pause on Liquefied Natural Gas Exports
Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsDemocratic U.S. Senator Michael Bennet opposes President Joe Biden's decision to pau
LNG
18-02-2024
LNG-Powered Sun Princess, Largest Ship Ever Built in Italy, Delivered
Italian shipbuilder Fincantieri has delivered Sun Princess, the first of two liquefied natural gas (LNG) cruise ships for Princess Cruises.FincantieriAs disclosed, the cruise ship was delivered at Monfalcone shipyard on February 14. The vessel will remain
LNG
17-02-2024
Tellurian Shares Rise on US Permit Extension to Construct LNG Plant
The logo of Tellurian Inc is seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo Purchase Licensing Rights.Cash-strapped Tellurian Inc (TELL.A), opens new tab on
Oil & Gas Trade
17-02-2024
US Awards SPR Contracts Worth $229.5 Million to Exxonmobil, BP, Others
The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, the U.S. Energy Department said on Thursday.The U.S.-produced crude oil is being purchased for a
LNG
17-02-2024
Venture Global Seeks Extension for Completion of Calcasieu Pass LNG
Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing Thursday with the U.S. Federal Energy Regulatory Commission (FERC).An existing authorization to complete work o
Oil & Gas Trade
17-02-2024
India Resumes Buying Russian Sokol Oil After 2-Month Hiatus, Sources Say
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Purchase Licensing RightsIndia has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners
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