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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
06-11-2023
Sinopec Puts World's Largest LNG Storage Tank Into Operation
China Petroleum & Chemical Corporation (Sinopec) has revealed that the world’s largest LNG storage tank was put into operation at its Qingdao LNG receiving terminal in China.Courtesy of SinopecThe construction of the tank with a storage capa
Oil & Gas Trade
06-11-2023
Oil Nudges Higher After Saudi Arabia, Russia Stick To Output Cuts
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsOil prices edged up on Monday after top exporters Saudi A
Oil & Gas Supply
06-11-2023
South Africa Powers Ahead With 3GW of Gas Projects, Minister Says
South African Minister of Electricity Kgosientsho Ramakgopa briefs members of the media after his visit to assess progress on bringing back online faulty units and boosting power generation at the Kusile Power Station, in Delmas, in Mpumalanga province, S
Oil&Gas Drilling
06-11-2023
Britain to Legislate for Annual North Sea Oil and Gas Licence Rounds
Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/File Photo Acquire Licensing RightsThe British government plans to legislate to mandate annual North
Oil & Gas Trade
06-11-2023
Sinopec Signs New 27-Year LNG Supply Deal With Qatarenergy
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/ File Photo Acquire Licensing RightsState-owned Chinese fir
LNG
04-11-2023
Totalenergies Says Assessing Impact of US Sanctions on Arctic LNG 2
TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing RightsFrench oil major TotalEnergies (TTEF.PA) said on Friday that it was assessing the impact of U.S. sanctions on the
LNG
03-11-2023
Cheniere Pens Long-Term LNG Supply Deal With Foran
U.S. Cheniere Energy’s subsidiary Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with China’s Foran Energy Group.Illustration; Archive; Courtesy of CheniereUnder the SPA, F
Oil & Gas Trade
03-11-2023
Chevron in Talks on 15-Year LNG Supply Contracts Into Europe
A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder Acquire Licensing RightsChevron (CVX.N) is negotiating contracts to supply liquefied natural gas (LNG) into Europe for up to 15 years as buyers expect the re
Oil & Gas Trade
03-11-2023
Exclusive: Petrochina Aims to Resume Venezuelan Oil Imports After 4-Year Pause
Model of petrol pump is seen in front of PetroChina logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsChina's PetroChina (601857.SS) is proposing to buy up to 8 million barrels a month of Venez
Oil & Gas Trade
03-11-2023
Shell Boosts Buybacks as Gas Trading Boost Q3 Profits to $6.2 Billion
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 RightsShell (SHEL.L) reported on Thurs
Oil & Gas Trade
03-11-2023
Israeli Gas Exports to Egypt Resume but in Small Quantities
An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsIsraeli natural gas exports to Egypt have resume
Oil Price
03-11-2023
Oil Rises Nearly 3% After Fed, Boe Keep Rates Unchanged
A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/Flee/File Photo Acquire Licensing RightsOil prices gained more than $2 a barrel on Thursday, breaking a t
LNG
02-11-2023
Totalenergies Extends Partnership With Oman LNG
TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani liquefied natural gas (LNG) joint venture in which the Company holds a 5.54 per cent stake.Located on the northeast coast of Oman, the Oman LNG liquefaction complex co
Oil & Gas Trade
02-11-2023
Gazprom to Produce Oil and Gas in Kyrgyzstan
A project has been approved, according to which Gazprom PJSC will produce oil and gas in the country, provide our population with gas and process oil at our refineries,» the Minister of Energy of Kyrgyzstan Taalaibek Ibraev said at the XII St. P
Oil & Gas Trade
02-11-2023
Russia to Lose $4 Bln Tax Take as It Reverses Cut In Refining Subsidy
Russia's hasty restoration of a "damper" subsidy for oil refiners will not only cost the state budget 400 billion roubles ($4.3 billion) in subsidies this year, but also a one-off 350 billion roubles in taxes, Reuters calculations show.T
United States
02-11-2023
New Fortress Energy May Need to Reapply for Mexico LNG Permit -US
Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsThe U.S. Department of Energy (DOE) has warned New Fortress Energy (NFE.O) if any portion of
Oil&Gas Drilling
02-11-2023
US Oil Output Hits Record as Producers Boost Drilling Efficiency
A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick Oxford/File Photo Acquire Licensing RightsU.S. oil and gas production has co
Oil & Gas Trade
02-11-2023
Australia Court Halts Santos' $3.6 Bln Barossa Gas Pipeline Works
The logo of Australian oil and gas exploration and production company Santos is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSantos (STO.AX)
Oil & Gas Trade
01-11-2023
McDermott and Ptsc to Rake in Over $1 Billion for Asian Gas Project
U.S. offshore engineering and construction player McDermott, as part of a consortium with Petrovietnam Technical Services Corporation (PTSC), has gotten its hands on a limited letter of award, which is expected to bring more than $1 billion for work on a
Oil & Gas Supply
01-11-2023
Equinor to Supply Gas to Germany's Rwe for Five Years
Equinor and RWE signed a five-year agreement for the supply of Norwegian gas to Germany at up to 52.97 billion cubic feet a year.gas.Equinor ASA and RWE AG have signed a five-year agreement for the supply of Norwegian gas to Germany at up to 52.97 billion
LNG
01-11-2023
Qatarenergy LNG Delivers 1,000th Shipment to South Hook Terminal
QatarEnergy LNG has delivered the 1,000th LNG shipment to the South Hook LNG Terminal at Milford Haven in the United Kingdom.The landmark delivery was made by the Q-Max LNG carrier ‘Mozah’, which already has another landmark achievemen
Oil & Gas Trade
01-11-2023
Shell to Sell Pakistan Unit to Saudi Firm
FILE PHOTO: Shell logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoShell Pakistan on Wednesday (Nov 1) said its parent company's unit, Shell Petrole
Oil Price
01-11-2023
Saudi Arabia May Hold Arab Light Price to Asia Steady for Dec
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsTop oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little chang
Oil Price
01-11-2023
India Hikes Windfall Tax on Petroleum Crude to 9,800 Rupees/Ton
The Indian government has increased the windfall tax on petroleum crude to 9,800 Indian rupees ($117.70) per ton from 9,050 rupees per ton starting Wednesday, according to a government notification on Tuesday.The windfall tax on aviation turbine fuel that
Natural Gas
01-11-2023
Equitrans US Mountain Valley Natgas Pipe on Track for Q1 Completion
Equitrans Midstream (ETRN.N) remains on track to complete the Mountain Valley natural gas pipeline from West Virginia to Virginia in the first quarter of 2024 at an estimated cost of $7.2 billion, U.S. energy company Equitrans Midstream (ETRN.N) said on T
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