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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
Solar Power Plant
18-10-2023
In the First 2/3 of 2023, New U.S. Solar Generating Capacity Surpassed Growth by All Other Energy Sources, Including Wind and Natural Gas.
A review by the SUN DAY Campaign of data newly released by the Federal Energy Regulatory Commission (FERC) reveals that utility-scale solar and wind provided the majority (53.0%) of new U.S. generating capacity added in the first two-thirds of 2023.In its
LNG
18-10-2023
Qatarenergy, Shell Sign 27-Year Lng Supply Agreement for Netherlands
Doha, Qatar: Affiliates of QatarEnergy and Shell signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands.Pursuant to the SPAs, the LNG will be delivered to
Oil & Gas Trade
18-10-2023
Adnoc Gas Signs $500-700M LNG Supply Agreement With Jera
Adnoc Gas, a large-scale integrated gas processing company, has announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500 million (AED1.8 billion) and $700 million (AED2.5 billion), with Jera Global Markets, a trading subsid
Oil & Gas Trade
18-10-2023
Exclusive: Natgas Producer Chesapeake Explores Buying Southwestern Energy -Sources
A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsU.S. natural gas producer Chesapeake Energy Corp (CHK.O)
Oil & Gas Supply
18-10-2023
Kazakhstan, China Sign New Gas Supply Contract
PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Acquire Licensing RightsKazakh state firm QazaqGaz and China's Petrochina Interna
Oil Pipeline
18-10-2023
Russia's Putin Upbeat on Power of Siberia 2 Gas Pipeline to China
Russian President Vladimir Putin takes part in a ceremony launching production at the Kovykta gas field, which will feed into the Power of Siberia pipeline carrying Russian gas to China, via a video link in Moscow, Russia, December 21, 2022. Sputnik/Mikha
Oil Field
18-10-2023
Exxon Expects to Fid Guyana's Sixth Oil Project by Q1 2024
The Exxon logo is displayed above the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York December 21, 2015. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsExxon Mobil Corp. (XOM.N) expects to make a final inve
Oil&Gas Drilling
18-10-2023
US Grants License Amendment to Trinidad for Joint Gas Project With Venezuela
The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesd
Oil & Gas Technology
18-10-2023
Shell Calls Energy Transfer Reliable, Supports LNG License Application
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/ File Photo Acquire Licensing RightsShell PLC (SHEL.L) has submitted a letter to the U.S. Energy Department in support of Energy Transfer
Oil & Gas Trade
18-10-2023
Chevron Australia LNG Unions Agree Deal on Eve of Strikes Resuming
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsAn Australian u
Oil Field
17-10-2023
Petrochina Brings on Stream China's Largest Gas Condensate Field in Tarim Basin
China’s upstream giant PetroChina has brought on stream the country’s largest gas condensate field, Bozidabei, in northwestern China’s Tarim basin.The production start-up marks a major milestone in China’s pursuit f
Oil&Gas Drilling
17-10-2023
Spain's Cepsa Targets up to 15 Biomethane Plants by 2030
A view from a ferry shows the refinery of Cepsa at Cepsa Energy Park in San Roque, near Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo Acquire Licensing RightsSpanish oil company Cepsa aims to develop up to 15 biomethane plants in Spain b
Oil & Gas Trade
17-10-2023
Volume of Foreign Gas in Ukrainian Storage Increases to 2.4 Bcm - Ministry
Foreign traders have increased the volume of natural gas in Ukrainian underground storage to 2.4 billion cubic meters (bcm) as of Oct. 16 from 2.2 bcm as of Oct. 6, the Ukrainian energy ministry said on Monday."This activity demonstrates that Ukraine
Oil & Gas Trade
17-10-2023
US, Venezuela to Announce Oil Sanctions Deal on Tuesday -Report
The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential electio
Oil & Gas Supply
17-10-2023
Output From Brazil's Petrobras Hits Nearly 4 Mln Barrels in Third Quarter
Brazil?s state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsBrazilian state-run oil firm Petrobras (PETR4.SA) said on Monday its combined crud
Oil & Gas Trade
17-10-2023
Marathon Oil Signs Deal With Glencore for Alba Gas in Equatorial Guinea
Marathon Oil (MRO.N) said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore (GLEN.L) for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in t
Oil & Gas Trade
16-10-2023
Lummus Bags Contract for PP Plant Tech With Sinopec
Sinopec NZRCC will license Lummus' Novolen process technology for a new polypropylene plant in Ningbo, China, with a capacity of 500,000 tons per annum.Lummus Technology has won a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Lt
Oil & Gas Trade
16-10-2023
COSL Wins $123 Million Mexico Oilfield Services Deal
China Oilfield Service Ltd (COSL) has secured a contract to deliver comprehensive onshore oilfield services to an undisclosed major oil company in Mexico.Although the contractor did not disclose extensive details about its win, it did confirm that the agr
Oil & Gas Trade
16-10-2023
Chevron Australia's LNG Workers Vote for Fresh Strikes
Australia's Offshore Alliance (OA) LNG workers' union has pledged to go ahead with planned strikes this week at Chevron's Western Australian facilities, as the parties continue to work towards draft enterprise bargaining agreements
Oil & Gas Trade
16-10-2023
Qatar Signs 27-Year Gas Supply Deal With France's Total
DOHA: Qatar has agreed to supply France’s TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday. Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements
Oil Price
16-10-2023
Oil Prices Ease as Investors Assess Impact of Israel-Hamas War
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Acquire Licensing RightsOil prices eased in early Asia trade on Monday, reversing last Friday'
Oil & Gas Trade
16-10-2023
Russia-China Energy Cooperation in Focus as Putin Visits Xi
Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. Picture taken November 29, 2019. REUTERS/Maxim She
Oil&Gas Drilling
16-10-2023
Iraq, UAE's Crescent Launch Deals to Develop Three Oil and Gas Fields
Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday.United Arab Emirates-based Crescent Petroleum signed in February three 20-year contracts to develop oil
Oil&Gas Drilling
14-10-2023
No Gas Finds After Drilling at Lebanon's Offshore Block 9, Source Says
No hydrocarbon finds were made after exploratory drilling operations at Lebanon's offshore Block 9, two sources with direct knowledge of the matter told Reuters on Friday.Lebanon's energy minister and officials from the Lebanese Petroleum
Oil & Gas Trade
14-10-2023
Oil Surges Nearly 6% After Israel Begins Ground Raids Into Gaza
Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the conflict in the Middle East could widen as Israel began ground raids inside the Gaza Strip.Israel's an
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