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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
LNG
08-12-2023
NYK and Sinopec Sign LNG Transportation Charter Deal
Japan’s shipping company NYK has concluded a long-term time-charter contract for LNG transportation with China’s energy company China Petroleum & Chemical Corporation (Sinopec).Illustration only; Courtesy of NYKThe contract is for
LNG
08-12-2023
BP Joins Hands With Indonesian Company for LNG Import Project in East Java
UK’s BP Gas & Power Investments and Indonesia’s logistics and supply chain company PT AKR Corporindo have signed a joint development agreement to work on an LNG import project involving a regasification terminal in Java Integrated
Oil & Gas Trade
08-12-2023
Four Suitors Offer More Than 600 Mln Euros for Edison Gas Storage - Sources
General view of EDF's Italian subsidiary Edison thermoelectric power plant in Marghera, Italy, January 25, 2023. Edison/Handout via REUTERS/File Photo Acquire Licensing RightsEdison's gas storage assets have attracted offers from four Ital
Oil & Gas Trade
08-12-2023
Shell Sees $6 Billion Oil, Gas Investments in Nigeria, Presidency Says
People sit at the Shell booth on the day of the opening of the Nigeria Oil and Gas 2022 meeting in Abuja, Nigeria July 4, 2022. REUTERS/Afolabi Sotunde/File Photo Acquire Licensing RightsShell (SHEL.L) sees a $5 billion offshore oil investment opportunity
Oil & Gas Trade
08-12-2023
Santos Shares Jump 11% On $53 Billion Woodside Merger Talks
View of a model of carbon capture and storage designed by Santos Ltd, at the Australian Petroleum Production and Exploration Association conference in Brisbane, Australia May 18, 2022. REUTERS/Sonali Paul/File Photo Acquire Licensing RightsAustralia&#
Natural Gas
07-12-2023
A Lot of Gas Discovered in Zimbabwe
Australian minnow, Invictus Energy, has moved from citing "encouraging signs of hydrocarbon", in its drilling campaign in Zimbabwe, to formally declaring a hydrocarbon discovery.The company is on the sidetrack to the Mukuyu-2 well, (Mikuyu-2STK)
Oil&Gas Drilling
06-12-2023
Indonesia Approves Development Plan For Rokan Block
Indonesia has approved a 3.7 trillion rupiah ($238.71 million) development plan for steamflood enhanced oil recovery in the Rokan block, the country's upstream oil and gas regulator SKK Migas said in a statement on Tuesday.The first development ph
Oil&Gas Drilling
06-12-2023
BP Starts Drilling Oil Production Well at New Platform of Azeri-Chirag-Gunashli Project
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsBP (BP.L) has started drilling the first oil production well from the new Azeri Central East (AC
LNG
06-12-2023
Australia's Woodside Energy Signs 20-Year LNG Deal With Mexico Pacific
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren Acquire Licensing RightsWoodside Ener
Crude Oil
05-12-2023
BP to Become Sole Owner of Lightsource BP
BP signed a deal to acquire the 50.03 percent ownership share in Lightsource BP that it does not already own.BP PLC has signed a deal to acquire the 50.03 percent ownership share in Lightsource BP Renewable Energy Investments Ltd. that it does not already
LNG
05-12-2023
Trinidad's Atlantic LNG Restructuring to Shrink Shell's Stake, Boost BP's -Sources
The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva Acquire Licensing RightsShell's (SHEL.L) ownership in Trinidad and Tobago's Atla
Oil & Gas Supply
05-12-2023
Woodside Energy Becomes Signatory to Oil and Gas Decarbonisation Charter
Woodside Energy has become a signatory to the oil and gas decarbonisation charter launched at the United Nations Climate Change Conference COP28 in the United Arab Emirates.The voluntary charter was launched by COP28 President, Dr Sultan Al Jaber, and sig
Oil and Gas Equipment
05-12-2023
Serbia Completes Construction of Gas Link With Bulgaria
Photo: Ministry for Mining and EnergySerbia completed the construction of its section of a natural gas link with Bulgaria, the country’s energy ministry said on Sunday.Once operational, the link will be able to transport 1.8 billion cubic metres
Oil Exploration
04-12-2023
Kuwait's Al-Zour Refinery Put Into Full Production
Bringing online the third of the three mini refineries will gradually take the capacity to 615,000 bpd.Kuwait’s mega Al-Zour refinery is now fully operational, Kuwait Integrated Petroleum Industries Co. announced on Sunday.Bringing online the th
Oil & Gas Trade
04-12-2023
US Aims to Halve Russia's Oil and Gas Revenues by 2030
Geoffrey Pyatt (Photo:thekharkivtimes.com)The United States will do everything possible to half Russia’s oil and gas revenues by 2030, U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt said in an interview with the Financial
Oil & Gas Trade
04-12-2023
Empire Energy Acquires Gas Processing Plant for A$2.5 Million to Accelerate Carpentaria Production
The Rosalind Park Gas Plant in Menangle, New South Wales.Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) has significantly accelerated the path to production at the Carpentaria Pilot Project in the Northern Territory and reduced capital expenditure required
Oil & Gas Supply
04-12-2023
Indonesia Approves Delayed Abadi Masela Gas Revised Development Plan
Indonesia has approved a revised development plan for the long-delayed Abadi Masela gas project with $20 billion in investment targeting production to start in 2029, an energy ministry official said on Saturday.The project, in which Japanese oil and gas c
Oil Exploration
04-12-2023
US lays out plan at COP 28 to slash greenhouse gas methane from oil and gas
An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo Acquire Licensing RightsThe Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releas
OPEC
04-12-2023
Lula Says Brazil's Participation in OPEC+ Is to Stop Oil Producers Using Fossil Fuels
Brazil's President Luiz Inacio Lula da Silva delivers a national statement at the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Thaier Al Sudani/Fi
LNG
02-12-2023
Asia Spot LNG Prices Fall to 7-Week Low on Tepid Demand, Improved Supply
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo Acquire Licensing RightsAsian spot liquefied natural gas (LNG) prices fell this week to a 7-wee
Oil & Gas Trade
02-12-2023
Colombia's Ecopetrol to Invest up to $6.7 Billion in 2024
The logo of Ecopetrol is pictured at its headquarters in Bogota, Colombia July 11, 2023. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsColombia's state-run oil company Ecopetrol (ECO.CN) will invest between $5.7 billion and $6.7 billio
Oil & Gas Trade
02-12-2023
India Resumes Imports of Venezuelan Oil, Reliance Seeks Direct Deal
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsIndian refiners have resumed Venezuelan oil purchases through intermediaries, with Relia
Oil Price
02-12-2023
US Imposes Fresh Sanctions Over Shipment of Russian Oil Above Price Cap
Oil pump jack is seen in front of displayed U.S. and Russian flags in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsThe United States on Friday imposed additional sanctions related to the pric
Oil Pipeline
02-12-2023
Michigan Regulators Approve Enbridge Great Lakes Tunnel for Oil Pipeline
The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire
Oil & Gas Trade
02-12-2023
US November LNG Exports Approach Record Levels Amid Higher Output
Storage tanks and gas-chilling units are seen at Freeport LNG, the second-largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Acquire Licensing RightsU.S. liquefied natural ga
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