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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

Oil&Gas Drilling
25-12-2023

Brazil's Petrobras Starts Drilling 'Equatorial Margin' Well
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 Petroleo Brasileiro (PETR4.SA) on
Oil&Gas Drilling
25-12-2023

U.S. Shatters Oil Production Records in 2023
The U.S. produced over 4.49 billion barrels of crude oil in 2019, and this record has been exceeded in 2023.The Energy Information Administration's data indicates that the U.S. achieved this milestone around December 15, with a conservative estima
Oil&Gas Drilling
25-12-2023

Uganda Extends Oil Exploration Licence for Nigeria's Oranto by Two Years
Uganda's oil ministry said it has granted Nigerian firm Oranto Petroleum Limited a two-year renewal of an oil exploration licence for two blocks located in the west of the country.The licence extension, which covers the Ngassa Deep and Ngassa Shal
LNG
23-12-2023

Allseas Starts Subsea Pipelay Work for BP's Giant LNG Project in Africa
Swiss-based construction company Allseas has commenced work on UK energy major BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas (LNG) project offshore Mauritania and Senegal, with its vessels executing the subsea pipelay s
Oil & Gas Trade
23-12-2023

Equinor Sells Azerbaijan Assets, Eyes Loss of up to $400 Mln
Equinor's logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNorway's Equinor (EQNR.OL) said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energ
Oil & Gas Supply
23-12-2023

Russia Plans to Cut Seaborne Oil Exports by 100,000-200,000 Bpd in Jan - Sources
The oil products tanker Nord and a bulk carrier sail near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsRussia plans to cut oil exports from
Oil&Gas Drilling
23-12-2023

Shell, Trinidad's NGC Get 30-Year License to Produce Gas in Venezuela
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsA license extended by Venezuela
Oil&Gas Drilling
23-12-2023

US Drillers Cut Oil and Gas Rigs for Second Week in a Row - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid November, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Thursday.The oil and gas ri
LNG
23-12-2023

Totalenergies to Restart Its Delayed Mozambique LNG Project in Early 2024 -Sources
The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes Acquire Licensing RightsFren
Oil & Gas Trade
23-12-2023

First Output From Venezuela's Dragon Gas Field Expected in 2 Years -Trinidad
A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad
Oil & Gas Trade
23-12-2023

Conocophillips to Move Forward With Development of Willow Project in Alaska
A screen displays the logo for ConocoPhillips on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsU.S. oil giant ConocoPhillips (COP.N) on Friday gave the financial gre
Oil&Gas Drilling
22-12-2023

Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field
Shell PLC and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (TCF) Dragon gas field and export its production to the Caribbean nation.There were scant details
Oil&Gas Drilling
22-12-2023

Kazakhstan Starts Gas Production at Rozhkovskoye Field
Photo credit: primeminister.kzWest Kazakhstan’s major gas condensate field Rozhkovskoye was put into operation with Prime Minister Alikhan Smailov participating in the ceremony via a videoconference, Kazinform News Agency reports.The gas and con
LNG
22-12-2023

Asyad and Oman LNG Seal Long-Term Deal for Two 5th Generation LNG Carriers
ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, and Oman LNG have signed a long-term agreement for the charter of two 5th generation LNG carriers.Illustration only; Courtesy of Oman LNGAccording to Asyad, the agreement
LNG
22-12-2023

New Fortress Energy's TGS LNG Terminal in Brazil Ready for Operations
U.S. energy major New Fortress Energy (NFE) has revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Win
LNG
22-12-2023

BUA to Build 700 Tons per Day Mini LNG Project
\\BUA Group has signed an agreement with CIMC ENRIC, a global leader in the energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini LNG project in NigeriaThis strategic agreement which marks a significant milestone in BU
Oil & Gas Trade
22-12-2023

Steelmaker Arcelormittal Inks Mexico Natgas Supply Deal Worth $2.7 Bln
Steam rises from the ArcelorMittal Dofascon steel mill in Hamilton, Ontario, Canada May 14, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsArcelorMittal has renewed a contract with Mexico's state power utility CFE to be supplied wi
LNG
22-12-2023

Exclusive: Russia's Novatek Issues Force Majeure Notices Over Arctic LNG 2 Project -Sources
Participants walk past the stand of Novatek company during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsNovatek (NVTK.MM), Russia'
Oil & Gas Trade
22-12-2023

Russia's Oil and Gas Budget Revenues to Fall 25% M/M in Dec - Reuters Calculations
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsProceeds from oil and gas sales for Russia's federal budget are set to decline by arou
OPEC
22-12-2023

Angola Leaves OPEC in Blow to Oil Producer Group
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 RightsAngola said on Thursday it would leave OP
Oil & Gas Trade
22-12-2023

Britain's Harbour Energy Strikes $11.2 Billion Deal for Wintershall DEA Assets
Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightBritain's Harbour Energy on Thursday agreed to acquire Wintershall De
Oil & Gas Trade
21-12-2023

Indonesia's Pertamina to Invest $900 Million in Algeria: Minister
Foreign Affairs Minister Retno Marsudi meets with her Algerian counterpart Ahmed Attaf in Algiers on Dec. 20, 2023. (Photo Courtesy of Foreign Affairs Ministry)Jakarta. State-owned oil and gas firm Pertamina is planning to make an investment worth $900 mi
LNG
21-12-2023

Construction of PIL's LNG Dual-Fuel Containerships Begins in China
Singapore-based shipping company Pacific International Lines (PIL) has celebrated the beginning of the construction of its first 8,000 TEU LNG dual-fuel containership, Kota Ocean, at the Chinese shipyard Yangzijiang Shipbuilding.Courtesy of PILOn December
Oil Price
21-12-2023

Gas Prices up $2.60, Diesel up $3.95
Motorists will pay more for fuel when they go to the pumps on Thursday.E-10 87 is to move up by $2.60 to sell for $166.39 per litre and a litre of E-10 90 will also go up by $2.60 to sell for $172.50.Automotive diesel oil will move up by $3.95 per litre t
Oil & Gas Trade
21-12-2023

Five Mln Barrels of Russian Sokol Oil Stuck en Route to India
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 Rightsing.Almost five million barrels of Russia's Sokol grade crud

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