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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
14-10-2023

US Drillers Add Most Oil Rigs in a Week Since March, Baker Hughes Says
U.S. energy firms this week added the most oil rigs since March, boosting the oil and gas rig count for the first time in four weeks, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.The oil and gas rig count, an ear
LNG
14-10-2023

Finland to Restrict Access to LNG Port After Gas Pipeline Damage
Finland on Friday was tightening access to parts of its Inkoo port, which imports liquefied natural gas (LNG), as part of efforts in the wider region to intensify security at energy installations.The move follows sudden damage on Sunday to a gas pipeline
Oil&Gas Drilling
13-10-2023

Exxonmobil Hires SBM Offshore to Build FPSO for Sixth Oil Development off Guyana
Dutch FPSO operator SBM Offshore has gotten its hands on a contract to perform front end engineering and design (FEED) for an FPSO vessel, which is destined to work on ExxonMobil’s sixth deepwater oil development project on the Stabroek block of
LNG
13-10-2023

World's First LNG-Fuelled Panamax Commences Operation
The world’s first LNG-fuelled panamax bulk carrier has started operating. The coal carrier, owned by Nippon Yusen Kaisha (NYK) and on charter to Kyushu Electric Power (Kyuden), was built at Oshima Shipyard and is called Shoyo. The ship&rsquo
Oil & Gas Trade
13-10-2023

Pakistan Eyes Importing 1M Tonnes of Russian Oil per Year
This handout photograph taken on June 11, 2023 and released by the Karachi Port Trust (KPT) shows a Russian cargo ship carrying crude oil at the port in Karachi. — AFPFirst import of crude oil shipment arrived in June.Second govt-to-govt cargo is being ne
Oil & Gas Trade
13-10-2023

Oil and Gas Automation and Digital Trends to Be Covered at Automa 2023
Digital tools for asset integrity management, projects of pipeline management means, innovative solutions for cost-efficiency for upstream, midstream and downstream are going to be discussed at the Oil and Gas Automation and Digitalization Congress (AUTOM
LNG
13-10-2023

LNG Croatia and SK E&S Eye LNG and Renewables Collaboration
Zagreb-based LNG Croatia has signed a joint development agreement with Seoul-based SK E&S for possible cooperation in the field of the LNG industry, renewable energy sources and energy efficiency.Courtesy of LNG CroatiaLNG Croatia said the two compani
Oil&Gas Drilling
13-10-2023

Tanzania Expects to Launch Fifth Oil & Gas Licensing Round by June
Tanzania is expecting to officially launch the country's fifth oil and gas licensing round by June and award licences to the winners by December of the same year, the director general of its Petroleum Upstream Regulatory Authority (PURA) said on T
Oil & Gas Supply
13-10-2023

Chevron Australia, LNG Unions Make Further Progress in Talks, More Planned for Friday -Union Official
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 RightsChevron and uni
Natural Gas
13-10-2023

North Dakota Natgas Output Hits Record High in August, Flaring Rises
Natural gas production in North Dakota rose to a record 3.303 billion cubic feet per day (bcfd) in August from the prior all-time high of 3.292 bcfd in July, while the amount of gas flared increased, according to the North Dakota Industrial Commission on
Oil & Gas Supply
12-10-2023

Russia's October Oil and Gas Revenue Set for Big Jump, Reuters Calculations Show
An oil pipe is seen in front of a drilling rig at a Lukoil-owned oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsMOSCOW, Oct 11 (Reuters) - Russia's oil and
Oil & Gas Trade
12-10-2023

Exxon Secures Lead in Top US Oilfield With $60 Billion Buy of Shale Rival Pioneer
Exxon Mobil (XOM.N) agreed to buy U.S. rival Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production.The deal, valued at
LNG
12-10-2023

Venture Global Seeks to Commence Some Service at Louisiana Calcasieu LNG Plant
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 RightsU.S. liquefied natural gas (LNG) company Venture Global LNG asked feder
Gas Turbine
11-10-2023

Investor Files Request to Develop 2.5GW Gas-Fired Power Plant in Romania
Mass Group Holding, the company that bought the Mintia thermal power plant in Romania, has sent a letter to the Ministry of Energy expressing its interest in separately building a new natural gas power plant with a capacity of up to 2,500 MW, according to
LNG
11-10-2023

Exclusive: Eni and Partners to Decide on Mozambique LNG Investment by Mid 2024, Sources Say
Eni logo is seen at the Milan's stock exchange during the "Eni Investor Day", Milan, Italy, April 4, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsItaly's Eni SpA (ENI.MI) hopes to reach a final investment d
Natural Gas
11-10-2023

Chevron Halts Gas Exports via EMG Pipeline From Israel to Egypt
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsChevron (CVX.N) has halted natural gas exports through a major subse
Oil & Gas Trade
10-10-2023

Pakistan Mulls Plan to Complete Iran Gas Project Sans US Sanctions
Iranians work on a section of a pipeline in the Iranian border city of Chah Bahar on March 11, 2013 . — AFP"Iranian authorities are also on the board," say officials.Pakistan seeks to avoid $18 billion penalty sought by Tehran.Pakistan failed to
LNG Carrier
10-10-2023

Samsung Wins 350.8 Bln-Won Order for LNG Carrier
South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it has bagged a 350.8 billion-won (US$260 million) order to build a liquefied natural gas (LNG) carrier for an Asian shipper.The vessel will be delivered to the undisclosed shipping compan
Oil & Gas Supply
10-10-2023

BP Launches Renewable Natural Gas Plant in Indiana
BP plc’s Archaea Energy has officially launched its Archaea Modular Design (AMD) renewable natural gas (RNG) plant in Medora, Indiana.The Medora plant captures the gas from a landfill owned by Rumpke Waste and Recycling and converts it to electr
Oil & Gas Trade
10-10-2023

Qatarenergy and Chevron Phillips Chemical Secure $4.4bn Financing for Ras Laffan Petrochemicals Project
QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) yesterday announced that they have secured $4.4bn financing for the Ras Laffan Petrochemicals project, a world scale integrated polymers complex in Ras Laffan Industrial City, Qatar.The senior
Oil & Gas Trade
10-10-2023

Zajel Ships Huge Oil and Gas Cargo From the Uae to Iraq's Umm Qasr
Photo: Zajel LogisticsBasra (IraqiNews.com) – A large oil and gas shipment in the Gulf from the UAE’s Jebel Ali Port in Dubai to Iraq’s Umm Qasr Port was recently handled successfully by Zajel, a logistics company based in th
LNG
10-10-2023

Chevron Australia Receives Strike Notice at LNG Plants
Up to 500 workers at Chevron Australia's LNG facilities could walk off the job again from next week after the Offshore Alliance (OA) union filed a notice of intent to restart strikes.Chevron confirmed receipt of notices of an intention to take pro
LNG
10-10-2023

Fincantieri to Build LNG Dual-Fuel Ropax Ferry for Sicilian Region
Italian shipbuilder Fincantieri has signed a contract for the construction of liquified natural gas (LNG) dual-fuel RoPax ferry for Sicilian Region.FincantieriAs explained, the ferry will have a length of about 140 meters and about 14,500 gross tons. It w
LNG
10-10-2023

Beihai's First 210,000-Ton LNG Dual-Fuel Bulk Carrier Completes Sea Trial
A 210,000-ton LNG dual-fuel bulk carrier built by Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has completed sea testing.Courtesy of CSSCCSSC said that during the trial, the shipowner, ship inspector, shipyard and serv
Oil & Gas Trade
10-10-2023

Exxon-Pioneer Tie-up Could Squeeze US Shale Oil Suppliers, Pipelines
ExxonMobil and Pioneer Natural Resources logos are seen in this illustration Top US oil producer ExxonMobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest US

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