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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
29-12-2023
Qatar to Supply Crude Oil to Shell in Five-Year Deal
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Acquire Licensing RightsQatar has agreed to supply Shell (SHEL.L) in Singapore with up to 18 million barrels of oil a year for five y
Oil Price
28-12-2023
Brazil's Petrobras to Lower Diesel Prices From Wednesday
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsBrazilian state-run oil company Petrobras (PETR4.SA) will reduce
Oil and Gas Equipment
28-12-2023
Tanzanian Firm Building sh19B Gas Facility at Port
Taifa gas cylinders. The Taifa gas project was launched at Dongo Kundu in Mombasa County on February 24, 2023. [PCS]The Tanzanian-owned firm has begun to construct a liquefied petroleum gas (LPG) storage in Mombasa.Taifa Gas SEZ Kenya Ltd is putting up a
Oil & Gas Supply
28-12-2023
Deutsche Energy Terminal to Take Charge of LNG Infrastructure in Brunsbüttel
On January 1, 2024, German energy operator RWE will hand over the LNG infrastructure built in Brunsbüttel to the federally-owned operator Deutsche Energy Terminal (DET), around ten months after the first LNG import flow.Courtesy of RWEDET is the
Oil & Gas Trade
28-12-2023
Russia Exports Almost All Its Oil to China and India - Novak
A bulk carrier sails near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/Files Acquire Licensing RightsAlmost all of Russia's oil exports this year have been shipped to
Oil Pipeline
28-12-2023
Williams to Buy Natural Gas Storage Assets for $1.95 Bln
Pipeline operator Williams (WMB.N) said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, to cater to rising demand from liquefied natural gas projects.The deal, expected to clo
LNG
28-12-2023
Russia: U.S. Sanctions Against Arctic LNG 2 Undermine Global Energy Security
Russian Foreign Ministry spokeswoman Maria Zakharova attends a news conference in Moscow, Russia, April 4, 2023. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsU.S. sanctions targeting Russia's massive Arctic LNG 2 project are unaccepta
LNG
28-12-2023
Chatterjee Fund Management Boosts Stake in LNG Developer Tellurian to 7.3%
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 Acquire Licensing RightsChatterjee Fund Management has increased its stake in U.
Oil&Gas Drilling
27-12-2023
FPSO en Route to Senegal's First Offshore Oil Development
The floating production storage and offloading (FPSO) facility destined for Woodside Energy’s Sangomar project, Senegal’s first offshore oil development, is on its way to its final destination.Source: MODECMODEC announced that FPSO L&a
Oil & Gas Supply
27-12-2023
Gazprom Says Connected Nearly 900,000 Users to Network Gas in 2023
Gazprom PJSC has connected 842,000 new users to Russia’s natural gas infrastructure during 2023.The company said in a media release that in 2023 Russian residents have signed some 1.081 million contracts with national gas infrastructure expansio
LNG
27-12-2023
Nigeria to Begin to Supply Gas to South Africa From 2024
Riverside LNG, a Nigerian-based energy company, has revealed ongoing discussions regarding a potential agreement to supply gas to South Africa from the first quarter of 2024.This would mark the first such deal between the two nations, showcasing potential
LNG
27-12-2023
JERA Agrees to Support Adoption of LNG in the Philippines
Japanese energy company JERA has signed an agreement with the Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS) for system design and other support related to the adoption of LNG in the Philippines.Illustration only; Archi
LNG
27-12-2023
UTM Offshore Making Strides Towards Nigeria's First Indigenous Floating LNG Project
UTM Offshore and Nigerian National Petroleum Corporation (NNPC) have signed a shareholders agreement with Delta State Government for the development of the nation’s first indigenous floating LNG project.Courtesy of UTM OffshoreUnder the agreemen
Oil&Gas Drilling
26-12-2023
Russia Continues to Process High Levels of Crude Mid-December
Russia's oil processing in the past week remained close to its highest daily refining runs in more than eight months amid decreased seaborne exports.The nation's refineries processed around 5.65 million barrels of crude a day from Decemner
Oil&Gas Drilling
26-12-2023
China's Deep Sea No 1 Gas Field Completes Natural Gas Condensate Tank Cleaning and Inspection
Deep Sea No 1, China's self-developed ultra-deep-water gas field, successfully completed its first-ever natural gas condensate tank cleaning and inspection operation, since commencing operations, China National Offshore Oil Corporation (CNOOC) sai
LNG
26-12-2023
Resources From the Russian Federation Account For Only 6.5% of Energy Purchases by the EU.
According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, the EU imported energy products worth €35.4B,
LNG
26-12-2023
Hutchison Ports Welcomes LNG-Powered 23K TEU Colossus CMA CGM Palais Royal
On December 19, Hutchison Ports BEST terminal received 23,000 TEU containership CMA CGM Palais Royal, one of the world’s largest liquefied natural gas (LNG)-powered vessels.Hutchison Ports BESTThe containership, built in 2020, is 400 meters long
Oil & Gas Trade
26-12-2023
Brazil's Enauta Buys Stake in Shell-Operated Parque Das Conchas
The Petroleo Brasileiro SA (Petrobras) MV30 Carioca floating, production, storage and offloading (FPSO) vessel anchored in Angra dos Reis, Rio de Janeiro state, Brazil, on Thursday, July 1, 2021. Few oil industries outside the Middle East are as well posi
Oil Price
26-12-2023
Petrol and Diesel Prices in Pakistan Likely to See Drop From Jan 1
Photo: OnlineIn a welcome development for the citizens of Pakistan, the interim government is poised to bring some respite from escalating living costs as it contemplates a reduction in petrol prices from the commencement of the new year.Sources privy to
Oil Field
26-12-2023
Enauta Acquires 23% Stake in Campos Basin Oil Fields for $150 Mln
Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million.In a securities filing, the company said that the transaction to acquire
LNG
26-12-2023
Chinese Oil Giant Hails Uganda's Approval to Construct Liquidized Petroleum Gas Facility
China National Offshore Oil Corporation (CNOOC) Uganda Limited said on Friday that it welcomed Uganda's recent license granting for the company to construct the liquidized petroleum gas (LPG) facility on the shores of Lake Albert in western Uganda
LNG
26-12-2023
Foreign Shareholders Freeze Participation in Russia's Arctic LNG 2
MOSCOW: Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant report
Oil Field
25-12-2023
Nigeria Billionaire, Alakija's Firm Gets Six Oil Blocks in Sierra Leone
F.A Oil Limited, a company owned by Nigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore oil blocks, following the issuance of a Petroleum Licencing Agreement by the Government o
Oil & Gas Trade
25-12-2023
Will US LNG Exports Reroute to Avoid Both the Panama and Suez Canals?
An LNG carrier docked at Freeport LNG Ship Terminal Texas - Image via LNG Development, L.P.By Anna Shiryaevskaya (Bloomberg) Liquefied natural gas cargoes recently loaded from the US and bound for Asia are changing course for longer voyages lasting more t
Oil & Gas Trade
25-12-2023
Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply
Saudi Arabia and Japan underlined the need to support stable global oil markets and secure stable global energy supply by promoting dialogue between oil producers and consumers. This was stated by Saudi Energy Minister Prince Abdulaziz bin Salman and Japa
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Most views from Oil & Gas
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Top U.S. LNG Exports: China's Gas Demand Is Booming
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TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
