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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 Trade
17-01-2024
US Oil Output Due to Drop in February for 5th Straight Month, EIA Says
U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday.Oil output is set to fall to 9.68 million barrels per day
Oil & Gas Trade
17-01-2024
Exxon to Buy Another 1.2 Mln Tonnes of LNG per Annum From Mexico Pacific
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMexico Pacific said on Tuesday it had reached a deal to suppl
Oil & Gas Trade
17-01-2024
China to Boost January Diesel, Jet Fuel Exports, Add to Global Supply
A worker stands next to a shipping container area in Shanghai Yangshan port December 7, 2011.REUTERS/Aly Song/File Photo Acquire Licensing Rights, opens new tabSINGAPORE, Jan 16 (Reuters) - China's oil products exports are set to rebound in Januar
LNG
16-01-2024
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 Trade
16-01-2024
New York-Listed Player Snaps up Gulf of Mexico-Focused Oil and Gas Producer for $1.29 Billion
New York-listed Talos Energy has inked an agreement to acquire compatriot QuarterNorth Energy in a $1.29 billion deal, potentially widening its deep-water asset base in the Gulf of Mexico.Talos' acquistion of privately-held QuarterNorth is the lat
Oil & Gas Trade
16-01-2024
TotalEnergies Will Take FID On Ubeta Gas Project In 2024 – MD
The Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer has reconfirmed that the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other big projects would follow
Oil & Gas Trade
16-01-2024
Talos Energy to Acquire Quarternorth Energy for $1.29 Bln
Oil and gas company Talos Energy (TALO.N) said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico.QuarterNorth is a privately held U.S. Gulf of Mexico exploration and produ
LNG
15-01-2024
Texas LNG Concludes Preliminary LNG Supply Deal With EQT
Glenfarne Energy Transition’s subsidiary Texas LNG Brownsville has signed a heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services, anticipating the finalization of a definitive 15-year LNG tolling a
LNG
15-01-2024
Inpex To Increase Stake in Ichthys LNG Project
Japan’s energy company Inpex Corporation is planning to enter into an agreement with Tokyo Gas in relation to the acquisition of the participating interests (1.575%) held by Tokyo Gas in the Ichthys LNG project, through Tokyo Gas Australian proj
LNG Carrier
15-01-2024
Qatarenergy Linked to $2.4 Billion Deal for 8 Q-Max LNG Carriers, Set To Be World's Largest
Qatar’s LNG heavyweight QatarEnergy has sealed a contract with Chinese shipbuilder CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers, according to broker reports.Illustration; Image: Saad Sherida al-K
Oil & Gas Trade
15-01-2024
Bulgaria Replacing Russian Crude With Oil From Kazakhstan, Iraq, Tunisia
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Acquire Licensing RightsBulgaria is replacing Russian oil imports with c
Crude Oil
15-01-2024
Totalenergies Restarts Port Arthur, Texas, Crude Units -Sources
TotalEnergies (TTEF.PA) on Friday restarted the large crude distillation unit (CDU) and large vacuum distillation unit (VDU) at its 238,000 barrel-per-day (bpd) Port Arthur, Texas, refinery, said people familiar with plant operations.The refinery'
Oil Price
15-01-2024
US Power and Natgas Prices Soar as Extreme Freeze Hits Natgas Supplies
A person walks across the empty street during the first winter storm of 2024 which is expected to bring heavy snowfall across the northeast United States, in Worcester, Massachusetts, U.S. January 7, 2024. REUTERS/Amanda Sabga/File Photo Acquire Licensing
Oil Pipeline
15-01-2024
Trans Mountain Oil Pipeline Change Approved by Canadian Regulator
A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops, British Columbia, Canada June 7, 2021. REUTERS/Jennifer Gauthier/File Photo Acquire Licensing RightsThe Canada Energy Regulator (CER) on Friday approved a req
Gas Turbine
15-01-2024
Australian Court Lets Santos Build Pipeline for $4.3 Bln Barossa Gas Project
Australia's Santos (STO.AX) can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favour of the oil and gas firm in a dispute with an Indigenous man looking to pause th
Crude Oil
12-01-2024
All Crude Units Shut at Totalenergies Texas Refinery -Sources
Both crude distillation units (CDUs) and two vacuum distillation units (VDUs) shut down on Thursday at TotalEnergies (TTEF.PA) 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, sources familiar with plant operations said.The units, which convert c
LNG
12-01-2024
TNPA Selects Operator for LNG Terminal in South Africa
Transnet National Ports Authority (TNPA) has appointed the Vopak Terminal Durban & Transnet Pipelines (TPL) Consortium Venture as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay in South A
LNG
12-01-2024
Gasum Procures Large Sefe LNG Cargo to Finland's Inkoo FSRU Terminal
Finnish energy company Gasum has delivered a cargo of liquefied natural gas (LNG), procured from Germany’s SEFE (Securing Energy for Europe), to the Inkoo floating storage regasification unit (FSRU).FRSU Exemplar in Inkoo, Finland. Archive; Cour
LNG Carrier
12-01-2024
FLNG's Arrival Marks 'Major' Step Toward First Gas From BP's Giant Project
UK-headquartered energy giant BP has welcomed the arrival of a floating liquefied natural gas (FLNG) unit destined for its Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project off the coasts of Mauritania and Senegal.FLNG Gimi destined for BP&
Natural Gas
12-01-2024
Mari Petroleum Announces Gas Discovery at Shewa 02 Well Located in Waziristan Block
Mari Petroleum Company Limited (MPCL) as the operator of Waziristan Block is pleased to announce a gas discovery resulting from its exploratory efforts at Kawagarh of Shewa-2 Appraisal Cum Exploratory well, located in North Waziristan Di
Oil&Gas Drilling
12-01-2024
Chesapeake to Become Top US Natural Gas Producer With $7.4 Billion Deal for Southwestern
A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsChesapeake Energy (CHK.O) agreed to buy smaller rival Sou
Oil Price
12-01-2024
Enforcement of G7 Price Cap Hitting Russian Oil- US Treasury Official
Russian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsU.S. enforcement of the G7's price cap on Russian oil since
LNG
12-01-2024
Commonwealth LNG Urges Biden to Support Pending LNG Export Application
U.S. liquefied natural gas (LNG) developer Commonwealth LNG on Thursday called on President Joe Biden to support its long-pending LNG export application.Commonwealth LNG in a letter said it has been waiting 14 months for non-free trade approval, and has h
Oil and Gas Equipment
12-01-2024
Jumbo Offshore Awarded Mooring Pre-installation Contract by MODEC for the FPSO Errea Wittu
Jumbo Offshore Installation Contractors B.V. (Jumbo Offshore) has been awarded a contract by MODEC Guyana Inc. (MODEC) for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located offshore Guyana.The FPSO Errea Wittu, the
Oil and Gas Equipment
12-01-2024
PIS With BGN Adds Two Giant Gas Tankers, Supporting Energy Resilience and Global Market Expansion for Indonesia
MOKPO, South Korea, Jan 12, 2024 - (ACN Newswire) - Pertamina International Shipping (PIS) has strengthened its fleet by adding two Very Large Gas Carriers (VLGC), giant gas tankers optimized for transporting LPG both domestically and internationally. Nam
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