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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
11-01-2024
Power Prices Drop in Ireland as EU Increases Gas Reserves
Cornwall Insight have reduced their short-term power market price forecast for Ireland, with predictions for 2024 dropping by over 18%. This could bring welcome relief to homes and businesses struggling with soaring energy costs.Higher than anticipated ga
Oil & Gas Trade
11-01-2024
Transneft: Russian Oil Exports via Its Network Down 6.5% in 2023
A general view shows the Achinsk refinery, which was acquired by Rosneft company in 2007 and currently processes West Siberian crude delivered via the Transneft pipeline system, in Krasnoyarsk Region, Russia July 24, 2018. Picture taken July 24, 2018. REU
LNG
11-01-2024
Finland's Gasum Procures LNG Cargo for Inkoo Terminal From Sefe
Finnish energy firm Gasum said on Wednesday it is delivering a U.S. cargo of liquefied natural gas (LNG) it procured from Germany's SEFE LNG to the Inkoo floating storage regasification unit (FSRU).The LNG cargo is approximately 800 gigawatt hour
LNG
11-01-2024
Vopak Consortium Selected to Operate New LNG Terminal in South Africa
South Africa has selected a Vopak (VOPA.AS) consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay for 25 years, state-owned Transnet National Ports Authority said on Wednesday.Vopak, a
Oil Price
11-01-2024
Oil Prices Fall 1% After Surprise US Storage Build
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. Picture taken March 29, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOil prices fell nearly a dollar a barrel on Wednesday after a surpris
Oil & Gas Trade
10-01-2024
China's 2023 Oil and Gas Output Hits Record High 390 Mil MT Oil Equivalent
China's combined oil and gas production hit a record high of more than 390 million mt of oil equivalent in 2023, representing an average annual growth rate of 11.7 million mt of oil equivalent, the National Energy Administration said in a statemen
Oil&Gas Drilling
10-01-2024
Totalenergies Boosts Its Stake in Namibian Oil Discovery With Acquisition of More Interests in Two Offshore Blocks
French energy giant TotalEnergies has inked an agreement with Impact Oil and Gas Namibia to get its hands on additional interests in two blocks located offshore Namibia. One of these blocks contains the Venus discovery, which the oil major made in Februar
LNG
10-01-2024
NYK Orders Man ES Engines for Four LNG Carriers
Japanese shipping company Nippon Yusen Kaisha (NYK) has ordered eight MAN B&W ME-GA engines from German manufacturer MAN Energy Solutions (MAN ES) for four 174,000 cubic meter LNG carriers.According to MAN ES, the order entails 4x2x5G70ME-GA Mk. 10.5
LNG
10-01-2024
Nakilat Books LNG and LPG Carriers at Hyundai Samho in Fleet Expansion Move
Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG carriers and four very large LPG/ammonia carriers – as part of its strategic shi
Oil&Gas Drilling
10-01-2024
Exxon's Faces Hurdles in $2.5 Billion Exit From California Offshore
The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsExxon Mobil's write-down of ab
LNG
10-01-2024
Japan's Kyushu Electric May Invest in Lake Charles LNG Project in US
Kyushu Electric Power (9508.T) is considering investing in the U.S. Lake Charles liquefied natural gas (LNG) project of Energy Transfer (ET.N), among other projects, to secure a stable supply of the fuel, a company spokesperson said on Tuesday.The comment
Oil&Gas Drilling
10-01-2024
US Oil Output to Touch a Record High in 2024, but Growth Will Slow - EIA
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing RightsU.S. crude production will hit records over the next two years but
Oil & Gas Trade
10-01-2024
Algeria Held Oil and Gas Investment Talks With Exxonmobil
Plants are displayed at the booth of American multinational oil and gas corporation ExxonMobil during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsAlgerian energy minis
LNG
10-01-2024
Portugal's Galp Seeks to Join Formal Complaint Against US LNG Exporter
Galp Energia logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsPortugal oil and gas firm Galp has asked U.S. regulators to allow it to join BP (BP.L) and She
Oil &Gas
09-01-2024
Middle East Process Engineering Conference & Exhibition 2024
About MEPEC 2024MEPEC is the definitive event in the Middle East for process engineering, offering a platform for leaders to engage with the dynamic challenges and promising opportunities within the field. Designed to be a forum for the exchange of cuttin
Oil Field
09-01-2024
Energy Firms to Test CO2 Capture in Brazil Undersea Oil Field
A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, TotalEnergies said Monday.The pilot unit will separate oil from CO2-ri
Oil&Gas Drilling
09-01-2024
China's Oil Production Rises to 208 Mln Tons in 2023 - CCTV
China's crude oil production rose to 208 million metric tons in 2023, equivalent to 4.16 million barrels per day, state broadcaster CCTV said on Tuesday.The figure, which according to Reuters' calculations is a 1.6% increase on 2022 output
LNG
09-01-2024
KN Takes Over Commercial Management of Four German LNG Terminals
Lithuanian energy terminal operator Klaipedos Nafta (KN) has secured the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast.Archive. Courtesy of Niedersachsen PortsSpecifically, the comp
Oil & Gas Trade
09-01-2024
Adnoc's Help Sought to Boost Turkmen Gas Project
Turkmenistan has made another attempt to secure the participation of Abu Dhabi National Oil Company (Adnoc) in the country’s largest natural gas development, the Galkynysh group of fields.Former Turkmenistan president and current chairman of the
Oil Field
09-01-2024
Dutch Government to Turn On 'Pilot Light' Output at Groningen Gas Field
The Dutch government said on Monday it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.The government said in June it would end produ
Oil & Gas Trade
09-01-2024
Shell Flags Q4 Writedown of up to $4.5 Billion, Mainly on Singapore Assets
General view of a Shell petrol station sign, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo Acquire Licensing RightsShell (SHEL.L) on Monday flagged impairment charges of up to $4.5 billion for the fourth quarter, mainly rela
Crude Oil
09-01-2024
Nigeria's Dangote Refinery Set for Test Runs After Getting More Crude
A worker walks past storage tanks at Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. REUTERS/Temilade Adelaja Acquire Licensing RightsNigeria's Dangote oil refinery could begin test runs as early as
LNG
09-01-2024
Constellation's Everett Takes LNG Delivery From Trinidad
U.S. energy group Constellation Energy's (CEG.O) Everett liquefied natural gas (LNG) import plant in Massachusetts took delivery of LNG from Trinidad over the weekend, LSEG data showed.The BW Boston tanker delivered about 2.7 billion cubic feet (b
LNG
09-01-2024
Shell Signs 20-Year Purchase Deal With Canadian Ksi Lisims LNG Project
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Picture taken November 13, 2017. REUTERS/Issei Kato/File Photo Acquire Licensing RightsGlobal gas giant Shell (SHEL.L) has ag
Oil & Gas Trade
09-01-2024
Exxon's Faces Hurdles in $2.5 Billion Exit From California Offshore
The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsExxon Mobil's write-down of ab
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