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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 Trade
23-09-2023

Pakistan to Discuss Long-Term Russian Oil Deal Next Month
Pakistan will hold talks with Russia next month on a long-term arrangement for importing Russian crude oil, as the country seeks to diversify its energy sources and cope with high prices of petroleum products.Pakistan to discuss long-term Russian oil deal
Oil and Gas Equipment
23-09-2023

Mexico's First LNG Plant to Receive Final Piece in Days
The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.LNG developer New Fo
Oil & Gas Trade
23-09-2023

Shell and Trinidad's National Gas Company Sign New Supply Agreement
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) on Friday signed an agreement to supply Trinidad and Tobago's National Gas Company
LNG
22-09-2023

Sempra's Port Arthur LNG Phase 2 Receives Ferc Authorization
The Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port Arthur LNG Phase 2 expansion project under development at Port Arthur LNG in Jefferson County, Texas, by Sempra Infrastructure, a subsidiary of Sempra.Courtesy of
LNG
22-09-2023

Nextdecade Signs $356M Loan Agreement for Rio Grande LNG
Texas-based energy company NextDecade has entered into a credit agreement with a group of lenders for $356 million of senior loans to finance a portion of the first three LNG trains (Phase 1) at its Rio Grande LNG export facility in Brownsville.Courtesy o
LNG
22-09-2023

Australia Union Calls off Strike at Chevron LNG Facilities
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
LNG
21-09-2023

Svanehøj Revamps Safety Instrumentation at Fos Cavaou and Konkan LNG
In the fast-paced world of LNG, maintaining infrastructure integrity is vital for operational efficiency and safety. Recognizing the need to modernize outdated safety instrumentation, Svanehøj has taken on the task of upgrading safety systems &
Oil & Gas Trade
21-09-2023

Oil and Gas Driller Ades Draws Orders Worth $76BN for $1.2bn IPO
ADES conducts business in seven countries with a fleet of 85 rigs. Credit: James Jones Jr/Shutterstock.Oil and gas drilling company ADES has received orders worth SR286.9bn ($76.5bn) for its $1.2bn initial public offering (IPO), reported Bloomberg.The Sau
LNG
21-09-2023

Germany Builds up LNG Import Terminals
A view shows FSRU (Floating Storage and Regasification Unit) ship "Hoegh Gannet" in the harbour of Brunsbuettel, Germany January 20, 2023. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsA new liquefied natural gas (LNG) terminal at Muk
LNG
20-09-2023

Chevron, Unions Again Fail to Reach Deal to Halt Australian LNG Strikes
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 RightsThe latest roun
LNG
20-09-2023

Sinopec Buys Over 30 LNG Cargoes for Winter Demand, Trading - Sources
Trucks carrying liquefied natural gas (LNG) are seen at Sinopec's LNG terminal in Tianjin, China October 22, 2018. REUTERS/Stringer/File Photo Acquire Licensing RightsChina's Sinopec Corp has bought more than 30 cargoes of liquefied natura
LNG
20-09-2023

MISC Sells Two LNG Carriers to Nissen Kaiun
Shipowner MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Kaiun Co. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers.MISC BerhadUnder the terms of the transaction, MISC will trans
LNG
20-09-2023

Eni, Lukoil, and Snpc Ink Lng Sale and Purchase Agreement in a 'Significant Milestone' for Congo's Energy Development
Société Nationale des Pétroles du Congo (SNPC), Eni Congo, and Lukoil have signed a long-term contract for the purchase and sale of LNG with Eni SPA, marking an advancement in the LNG Marine XII project.Courtesy of African
Oil & Gas Supply
20-09-2023

Kenya Extends Oil Supply Agreement With Three Gulf Companies
Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday.The East African nation entered the deal with Saudi Aramco (2223.SE), Abu Dhabi National Oil Compan
Oil&Gas Drilling
20-09-2023

Equinor 'More Optimistic' of Building Canada Offshore Oil Project
Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsThe head of Canadian operations for oil producer Equinor (EQNR.OL) said on Tuesday he is more optimistic the Norwegi
LNG
19-09-2023

Australia's First LNG Import Terminal 70PC Complete
Australia's first LNG facility designed for imports, the 2.4mn t/yr Port Kembla, has reached 70pc completion, with developer Squadron Energy to shortly take possession of a floating storage and regasification (FSRU) unit for the terminal.The facil
LNG
19-09-2023

Japan Says It Will Ensure Stable Energy Supply After US Sanctions Related to Arctic LNG-2 Project
Japan's new Chief of Cabinet Secretary Matsuno Hirokazu announces new cabinet members at a news conference in Tokyo, Japan October 4, 2021. REUTERS/Kim Kyung-Hoon/File photo Acquire Licensing RightsJapan will ensure stable and steady energy supply
Oil & Gas Trade
19-09-2023

Russia and China to Build Oil Transshipment Complex for $686 Mln
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan ($686 million) in construction of a transshipment oil complex in Russia's far east, the Rosc
LNG
19-09-2023

Greenpeace Blocks Arrival of New LNG Unit at French Port
Greenpeace environmental activists on kayaks write "gas kills" on a LNG processing terminal set to be operated by Total Energies in Le Havre port, France, September 18, 2023. Jean Nicholas Guillo / Greenpeace /Handout via REUTERS Acquire Licensi
Crude Oil
19-09-2023

Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsSaudi Arabia's Energy Mi
Oil&Gas Drilling
18-09-2023

Equinor Submits Pdo of Eirin Gas Field in Norwegian North Sea
Discovered in 1978, the Eirin field, which holds an estimated 27.6 million barrels of recoverable reserves, is intended to be developed as a subsea tieback to the Equinor-operated Gina Krog platform with an investment of $371.4m, by utilising existing fac
Oil & Gas Trade
18-09-2023

NNPCL Signs MoU On Gas Supply With Indorama
The Nigerian National Petroleum Company Limited (NNPCL), has signed a landmark Memorandum of understanding with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries.Mele K
Oil&Gas Drilling
18-09-2023

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says
Brazil's Finance Minister Fernando Haddad looks on during a press conference in Brasilia, Brazil August 31, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBrazil will likely end up exploring the Equatorial Margin for oil but stat
LNG
18-09-2023

Wison & Genting Sign Lntp Deal to Buy Equipment for Flng Unit in Indonesia
Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine, and Genting Oil & Gas Limited (GOGL), via its wholly-owned indirect subsidiary PT Layar Nusantara Gas (PTLNG), have entered into a limited notice to proceed agreement (LNTP)
Oil&Gas Drilling
18-09-2023

Edo Gets New 300MT LPG Plant
Asiko Group, a provider of clean energy solutions, has unveiled 300 metric tonnes of liquefied petroleum gas and compressed natural gas in Edo State.In a statement on Sunday, the firm said the project located at Utesi, Ikpoba-Okha Local Government Area of

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