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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
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
LNG
17-02-2024
US Regulators Approve Mexico Pacific LNG's Saguaro Connector Pipeline
U.S. energy regulators on Thursday approved a cross-border pipeline that would export about 2.8 billion cubic feet per day of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.The approval is anothe
Oil & Gas Trade
05-02-2024
Nigeria Seeks Gas Export Deal with South Korean Group
The Nigerian National Petroleum Co. Ltd. (NNPC) has held talks with a South Korean consortium toward a potential agreement for the export of Nigerian liquefied natural gas (LNG) to the East Asian country.Mele Kyari, chief executive of Nigeria’s
Natural Gas
05-02-2024
Shell, Partners Agree to Develop Nigerian Gas Project
Royal Dutch Shell PLC's Nigerian unit said it has agreed to build a gas upstream facility in Lagos along with other joint-venture partners.The Shell Petroleum Development Company of Nigeria said on Sunday that it has taken a final investment decis
LNG
05-02-2024
Venezuela and Bermuda Player in Talks Over Potential FLNG Tech Investment
Bermuda-headquartered owner and operator of LNG midstream infrastructure Golar LNG is engaged in discussions with the Venezuelan ministry regarding a potential investment in FLNG technology in the South American country, which spotlights the firm&rsqu
Natural Gas
05-02-2024
US to Attend Southern Gas Corridor Meeting in Baku
The United States will attend the Southern Gas Corridor Advisory Council meeting in Baku, the US embassy in Baku told Trend.We have in prior years given our strong support and work on the Southern Gas Corridor over the past 20 plus years. We are still fin
Natural Gas
05-02-2024
Shell to supply Dangote one billion cubic feet of gas
Shell Petroleum Development Company of Nigeria Limited (SPDC) will supply about one billion standard cubic feet of gas to Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State over the next 10 years.The deal, with a Final Investment Decision al
Oil & Gas Trade
05-02-2024
Qatarenergy to Supply Condensate to Japan's Mitsui in 10-Year Deal
QatarEnergy has signed a deal to supply Japan's Mitsui & Co (8031.T), opens new tab with 11 million barrels of condensate per year for 10 years starting in April, Qatar's state-owned energy company said on Sunday.The deal includes an o
Oil & Gas Trade
04-02-2024
ONGC, IOC, other oil PSUs to invest ₹1.2 lakh crore in FY25
FILE PHOTO: A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad, India, September 30, 2016. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVEONGC, IOC and other oil PSUs will invest about
Oil&Gas Drilling
04-02-2024
China-Developed Deepwater Gas Field Reports Record High Gas, Oil Output
China's first independently-developed and built ultra-deepwater gas field Shenhai Yihao, or Deep Sea No.1, has recorded an accumulated natural gas output of over 7 billion cubic meters and its oil output exceeding 700,000 cubic meters so far.The d
LNG
04-02-2024
FACTBOX European and Asian Companies Affected by US Pause on LNG Export Permits
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsU.S. President Joe Biden's administration announced a pause on pending and future permits to export liquefied natural gas
Oil&Gas Drilling
04-02-2024
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks - Baker Hughes
The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsU.S. energy firms this week cut the number of
Oil & Gas Trade
04-02-2024
Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit
Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Profits from oil majors have been down in 2023 by about a third from record levels in 2022, p
Oil & Gas Trade
04-02-2024
BP Says Power Restored, Operations Stabilized at Whiting, Indiana, Refinery
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 Acquire Licensing RightsBP Plc (BP.L), opens new tab has not yet set a date for restarting its 435,000 barrel-per-day (bpd) Whiti
Natural Gas
04-02-2024
Tanzania's TPDC Doubles Gas Field Stake in Deal with Maurel & Prom
State-run Tanzania Petroleum Development Corporation (TPDC) has paid $23.6 million to double its shareholding in the Mnazi Bay natural gas field under an agreement with French energy company Maurel & Prom (MAUP.PA), opens new tab.The Mnazi Bay gas fie
Oil & Gas Trade
02-02-2024
Japan's Gas Imports Plummet as Nuclear Reactors Restart
Japan’s liquefied natural gas imports for January fell to the lowest level for that month in over a decade, as nuclear reactor restarts, higher renewables output, and energy-savings efforts curb fossil-fuel needs.Deliveries fell to just shy of 6
Oil&Gas Drilling
02-02-2024
Welchau-1 Spud Imminent as Adx Hunts Austrian Gas Giant
ADX Energy’s Welchau-1 drill pad in Austria. Credit: File.ADX Energy will start spinning the drill bit in a week at its giant Welchau gas prospect in Austria, where it holds a best technical prospective, or P50, resource of 807 billion cubic fee
LNG
02-02-2024
India Offers to Supply LNG to Sri Lankan Power Plants - Sri Lanka Minister
India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday."In the efforts to expedite the pro
Crude Oil
02-02-2024
Asia Crude Oil Imports Start 2024 Strongly as India Leads
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 Supply
02-02-2024
OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged
A view shows Saudi Aramco's Abqaiq oil facility in eastern Saudi Arabia in this undated handout photo. Saudi Aramco/Handout via REUTERS/File Photo Acquire Licensing RightsOPEC+ will decide in March whether or not to extend voluntary oil production
LNG
02-02-2024
US LNG Exports Fall in January on Arctic Freeze, Plant Outages
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 Acquire Licensing RightsCold weather and outages
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