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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
Oil&Gas Drilling
22-01-2024
India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, the finance ministry said on Saturday.In the federal budget for 2023-24, the government had outl
LNG
22-01-2024
British Columbia Boosts Power Plan but Electrifying LNG Proving Big Challenge
LNG Canada site construction activities are held, in Kitimat, Canada, September 2022. LNG Canada/Handout via REUTERS/File Photo Acquire Licensing Rights(This Jan. 19 story has been corrected to fix the affiliation of source to Clean Energy Canada, not Cle
Oil & Gas Trade
22-01-2024
Australia secures new gas deals for east coast energy markets
Australia's Climate Change and Energy Minister Chris Bowen speaks at the Sydney Energy Forum in Sydney, Australia, July 13, 2022. REUTERS/Jaimi Joy/Pool/File Photo Acquire Licensing RightsThe Australian government said on Monday it had reached new
Natural Gas
20-01-2024
China's Natural Gas Output up 5.8 Pct in 2023
China's natural gas output registered stable growth in 2023, data from the National Bureau of Statistics showed.The country produced 229.7 billion cubic meters of natural gas in 2023, up 5.8 percent from a year earlier.A total of 119.97 million to
LNG
20-01-2024
Samsung Heavy Industries Bags $235 Million Gas Carrier Deal
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two liquified petroleum gas (LPG)/ammonia carriers.Illustration/Courtesy of SHIThe deal, valued at KRW 315 billion ($235 million), was signed with undisclosed ship
Oil & Gas Trade
20-01-2024
US Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Acquire Licensing RightsThe United States bo
Oil&Gas Drilling
20-01-2024
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks - Baker Hugh
Horizontal drilling rigs operate in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Acquire Licensing RightsU.S. energy firms this week added oil and natural gas rigs for the first time in three
Oil & Gas Trade
20-01-2024
Chevron to Begin Marketing Shale Gas Assets in Canada's Duvernay
The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo Acquire Licensing RightsChevron (CV
LNG
20-01-2024
Exclusive: Qatar Set to Sign Cheaper Long-Term LNG Deal With India
Model of LNG tanker is seen in front of Qatar's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsQatar Energy within weeks could sign a long-term deal to provide liquefied natural gas
Oil&Gas Drilling
19-01-2024
Three Norwegian Oil and Gas Field Permits Invalidated on Environmental Grounds
A general view of the Equinor's Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsThree permits given by the Norwegian government to develop new offshore oil and ga
Pakistan
18-01-2024
Pakistan Secures Second LNG Cargo From Azerbaijan
ISLAMABAD: Pakistan has succeeded in securing a second Liquefied Natural Gas (LNG) cargo from the State Oil Company of the Azerbaijan Republic (SOCAR) for delivery in February amid Qatar’s prime minister’s warning that LNG shipments ma
LNG
18-01-2024
Bangladesh's Summit to Supply 1.5 Mln T Lng to Petrobangla From Oct 2026
Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 million metric tons of liquefied natural gas (LNG) per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman, Aziz Khan, told Reuters.The deal, wh
Natural Gas
18-01-2024
Norway Energy Firms Plan Three-Year Push for Arctic Gas
Equinor's logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNorwegian oil companies will ramp up exploration for natural gas in the Barents Sea in the next three year
Oil&Gas Drilling
18-01-2024
Sinopec Says More Deep Tight-Gas Reserve Certified in Sichuan Basin
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsChina's Sinopec
Oil Field
18-01-2024
Shell Approves Plan to Develop North Sea Gas Fieldth
A Shell logo is seen on a pump at a petrol station in London April 28, 2010. REUTERS/Toby Melville/File Photo Acquire Licensing RightsShell (SHEL.L), opens new tab has given the financial go-ahead for the development of the Victory gas field in the Britis
Oil & Gas Trade
18-01-2024
In First Look At 2025, OPEC Expects Robust Oil Demand Grow
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger//File Photo Acquire Licensing RightsOPEC on Wednesday stuck to its forecast
Oil&Gas Drilling
18-01-2024
Canada's Oil Province, Alberta, Cleaned Up 9% of Inactive Wells in 2022
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. Picture taken May 6, 2020. REUTERS/Todd Korol/File Photo Acquire Licensing RightsCanada's main oil-producing province, Alberta, cleaned up 9% of its inactive oil and
Oil & Gas Trade
18-01-2024
Brazil's Petrobras Plans to Finish RNEST Refinery's Train 1 Expansion in Early 2025
Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab said on Wednesday that it plans to finish expansion works on Train One of its Abreu e Lima (RNEST) refinery in the first quarter of 2025, nearly a decade after the expansion was halted due t
Oil & Gas Trade
18-01-2024
Maha Energy Proposes Carve-Out of Brazil's 3R Onshore Assets, Tie-up With Petroreconcavo
Sweden's Maha Energy (MAHAa.ST), opens new tab on Wednesday said it had acquired 5% of Brazilian oil firm 3R Petroleum (RRRP3.SA), opens new tab and proposed a carve-out of its onshore oil assets, which would then be combined with a third company,
LNG
17-01-2024
China Delivers First LNG FSRU to Cyprus: A Milestone in BRI Cooperation
In a significant milestone under the Belt and Road Initiative (BRI) cooperation, China has delivered its first floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) to Cyprus. This development, which took place on a Tuesday, mark
Oil & Gas Trade
17-01-2024
Ukrtransgaz to Invest Over $26 Mln in Gas Storage Facilities in 2024
Ukrtransgaz will invest UAH998.277 million (about $26.4 million at the current exchange rate) in natural gas storage facilities this year in line with the plan for developing underground gas storage for 2024-2033 that was approved by Ukraine's Nat
LNG
17-01-2024
Trafigura Seals Long-Term LNG Deal With Canada's Largest Natural Gas Producer
Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement.Illustration only; Archive. Courtesy of Trafigura
Oil&Gas Drilling
17-01-2024
Norway Boosts Oil, Gas Drilling, Including in Arctic
Drilling rigs and ships anchored in Skipavika, Norway April 1, 2018. Picture taken April 1, 2018. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsNorway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy compa
Oil & Gas Trade
17-01-2024
Totalenergies Initiates Force Majeure on Russia's Arctic LNG 2
A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. REUTERS/Stringer/File Photo Acquire L
United Kingdom
17-01-2024
Shell to Exit Nigeria's Troubled Onshore Oil After Nearly a Century
Shell (SHEL.L), opens new tab is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.The British energy giant pion
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