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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

LNG
02-02-2024

Poland's Gaz-System Chooses Mitsui O.S.K. Lines for Floating Unit
A view of the Gaz-System logo during the opening of the gas interconnector link between the central European neighbours in Strachocina, Poland August 26, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsPolish pipeline operator Gaz-System ha
Oil & Gas Supply
02-02-2024

Power Loss Forces BP to Shut Biggest US Midwest Refinery
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 Acquire Licensing RightsBP (BP.L), opens new
United States
01-02-2024

Oil Nudges Higher on Fed Rate Cut Expectations
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Kyodo/via REUTERS Acquire Licensing RightsOil prices climbed on Thursday, supported by signals from the U.S. Feder
LNG
01-02-2024

Singapore LNG Corporation Appoints New CEO
Singapore LNG Corporation (SLNG), builder, owner, and operator of Singapore’s and Asia’s first open-access multi-user LNG terminal, has selected a new chief executive officer (CEO).Image courtesy of Singapore LNG CorporationSLNG reveal
LNG
01-02-2024

LNG-Powered CMA CGM Belem Launched in China
Chinese shipbuilder Hudong-Zhonghua has launched a newbuild 13,000 TEU LNG dual-fuel containership for French shipping giant CMA CGM.Courtesy of Hudong-ZhonghuaThe ship named CMA CGM Belem was launched four days ahead of schedule on January 29, 2024, at t
Oil & Gas Trade
01-02-2024

Russia Cuts Gasoline, Diesel Exports to Offset Refinery Outages
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsRussia has reduced gasoline exports to non-CIS coun
LNG
01-02-2024

Republican Says US House to Vote on Reversing Biden's LNG Exports Pause-Bloomberg
U.S. President Joe Biden looks on as he delivers remarks, during a campaign event focusing on abortion rights at the Hylton Performing Arts Center, in Manassas, Virginia, U.S., January 23, 2024. REUTERS/Evelyn Hockstein Acquire Licensing RightsThe U.S. Ho
Oil & Gas Trade
31-01-2024

Exclusive: Japan's Inpex Selling Stake in Russian Oil Project to Itochu
The logo of Itochu Corp is seen outside the company's headquarters in Tokyo, Japan, November 7, 2016. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsInpex Corp (1605.T), opens new tab, Japan's top oil and gas explorer, is selling it
Oil Pipeline
31-01-2024

Chevron Reroutes Kazakh Oil to Asia Around Africa - Sources, LSEG Data
An entrance sign at the Chevron refinery, located near the Houston Ship Channel, is seen in Pasadena, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsChevron (CVX.N), opens new tab is sending cargoes of Kazakhstan
Oil&Gas Drilling
31-01-2024

Saudi Arabia Orders Aramco to Lower Oil Capacity Target
Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsSaudi Arabia's government on Tuesday ordered state oi
LNG
31-01-2024

AG&P LNG Aims to Start Developing 6 Import Terminals Within 2 Years
Atlantic Gulf & Pacific Company (AG&P) LNG aims to take a final investment decision (FID) and start developing six liquefied natural gas terminals in South and Southeast Asia within the next one-to-two years, the company's chief executive
Oil Pipeline
31-01-2024

North American Pipeline Operator Enbridge to Cut 650 Jobs
The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire
Oil & Gas Trade
31-01-2024

Origin Doubles Down on Renewables as Energy Transition Gathers Steam
Origin Energy (ORG.AX), opens new tab on Wednesday posted a slump in second-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project on easing oil and natgas prices, and highlighted investments made in battery projects and UK firm Octop
LNG
30-01-2024

Seatrium Delivers 12,000 Cbm Brassavola for Lng Bunker Services in Singapore
Brassavola, a 12,000 cubic meter LNG bunker vessel set to be deployed in the Port of Singapore, has been delivered to Indah Singa Maritime, a wholly-owned subsidiary of Mitsui O.S.K. Lines (MOL).Courtesy of SeatriumThe bunker vessel was built by Singapore
Oil & Gas Trade
30-01-2024

GAIL India Tops Q3 Profit View on Gas Transmission Growth
Gail India Ltd’s logo is seen at Gastech 2023 in Singapore September 7, 2023. REUTERS/Florence Tan/File Photo Acquire Licensing RightsGAIL (India) (GAIL.NS), opens new tab, the country's largest gas distributor, reported a better-than-ex
Oil & Gas Trade
30-01-2024

Russia Eases Harsh Weather Restrictions to Boost Oil Exports
Russian atomic ice-breaker "50 Years of Victory" (50 Let Pobedy) is pictured at a base of state company Rosatomflot in Murmansk, Russia August 22, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsRussian ports are operating during
LNG
30-01-2024

US Pause on LNG Exports Raises Pressure on Canada, BC to Do Same
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAn expected strong rise in liquefied natural gas (LNG) production capacity will ease prices and gas supply concerns, bu
LNG
29-01-2024

Excelerate Energy to Purchase Qatari LNG for Bangladesh
Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh.Courtesy of QatarEnergyThis sale and purchase agreement (SPA) will see Excelerate
LNG
29-01-2024

Biden Halts New Export Authorizations for LNG
President Biden ordered a pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA (Free Trade Agreement) countries until the Department of Energy can update the underlying analyses for authorizations.The White House said that the c
Oil & Gas Trade
29-01-2024

Exclusive: Encap Eyes $5 Bln Sale of Shale Producer Grayson Mill -Sources
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday.EnCap has tapped inve
Oil & Gas Trade
29-01-2024

Brazil's Petrobras Oil and Gas Output Rises 3.7% in 2023
Brazil?s state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo Moraes/File Photo Acquire Licensing RightsBrazilian state-run oil company Petrobras' (PETR4.SA), opens new tab outpu
Oil & Gas Trade
29-01-2024

Russia's Gazprom Neft Sees No Need for Extra OPEC+ Oil Output Cuts
Alexander Dyukov, head of Russian oil producer Gazprom Neft, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov/File Photo Acquire Licensing RightsThe head of Russi
LNG
26-01-2024

Hudong-Zhonghua Launches 14,000 Cbm China-Made LNG Bunkering Ship
Chinese shipbuilder Hudong-Zhonghua, a subsidiary of China State Shipbuilding Corporation (CSSC), has launched an LNG bunkering vessel ordered by compatriot Anhui Changjiang LNG, an operator of the Wuhu LNG Terminal in Anhui Province.Courtesy of Hudong-Zh
LNG
26-01-2024

Tokyo Gas and partners to work on LNG-to-power project in Vietnam
Japanese companies Tokyo Gas and Kyuden, along with Vietnam’s Truong Tan Vietnam Group, have established the Thai Binh LNG Power joint venture (TBLP) to work on an LNG-to-power project in Thai Binh Province, Vietnam.Illustration only; Archive; C
Oil & Gas Trade
26-01-2024

IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
Oil rigs are seen in Midland, Texas May 9, 2008. REUTERS/Jessica Rinaldi/File Photo Acquire Licensing Rights(This Jan. 24 story has been corrected to clarify that the IEA first announced plans to move publication forward in its November 2023 report, in pa

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