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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
10-09-2023

Sahara Energy, Ministry of Gas and NMDPRA to collaborate on gas development
Sahara Energy Group, the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) and the Ministry of Petroleum (Gas) are set to collaborate on gas development in the country.This is according to a statement from Sahara Energy.According to th
Natural Gas
09-09-2023

CNG Is Becoming More Popular as Countries and Companies Move Toward Clean Sources of Energy to Minimize Carbon Emissions | Future Market Insights Inc.
The carbon fiber segment is likely to spearhead the material segment of the market. This segment is expected to expand at 6.6% CAGR during 2023 to 2033.Growing concerns about environmental impact and emissions have led to an increased interest in CNG as a
Oil & Gas Trade
09-09-2023

Russia Ships First Oil Cargo to Brazil as It Seeks to Diversify Buyers
A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER/File photo Acquire Licensing RightsRussia is shipping its first crude oil cargo to Brazil, as it seek
LNG
09-09-2023

Tellurian Drops Equity-Ownership Condition for Driftwood LNG Project
Charif Souki, CEO of Tellurian, attends a news conference at the CERAWeek Conference by S&P Global, in Houston, Texas, U.S. March 9, 2022. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsTellurian Inc (TELL.A) will sell liquefied natural ga
Oil & Gas Trade
09-09-2023

UK's Motor Fuel Group in $2.5 Billion Fuel Stations Deal Talks With Morrisons
A customer carries a shopping bag outside a Morrisons supermarket in New Brighton, Britain, July 5, 2021. REUTERS/Phil Noble/File Photo Acquire Licensing RightsUK's Motor Fuel Group (MFG) is in talks with supermarket chain Morrisons for 340 fuel r
Gas Turbine
08-09-2023

Russia, Strengthens Ties With China via New Gas Pipelines
Russia and mainland China are reinforcing their relationship with new gas pipeline projects to China following sanctions against Russia due to its invasion of Ukraine, according to a report by BMI.Russia delivers gas to China through the Power of Siberia
Oil & Gas Trade
08-09-2023

S. Korea, Uzbekistan Strike Deal on Outstanding Payment in Gas Project
South Korea's finance ministry said Friday it has reached an agreement with Uzbekistan to settle an outstanding payment of around US$1 billion involving a joint gas project.The agreement was reached during Finance Minister Choo Kyung-ho's
LNG
08-09-2023

Chevron Australia LNG Workers to Begin Strikes on Friday
FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello/File Photo/File Photo Acquire Licensing RightsWorkers at Chevron's (CVX.N) two major liquefied natural gas(LNG) proje
LNG
07-09-2023

ABS, GTT and DHT Sign JDP to Develop Optimised LNG-Fuelled VLCC Design
ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint development project (JDP) at Gastech 2023 to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion that meets Class and statutory requireme
LNG
07-09-2023

ADNOC Gas Seals $450M Petrochina LNG Supply Deal
Abu Dhabi-based Adnoc Gas has reached an agreement, in the range of $450 million to $550 million, for supply of Liquefied Natural Gas (LNG) to a subsidiary of PetroChina Company Limited, one of the leading oil and gas producers and distributors in China.T
LNG
06-09-2023

ABS Issues Aip for World's Largest LNG Carrier
At Gastech 2023, ABS issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new, state-of-the-art liquified natural gas (LNG) carrier design, currently the world’s largest with 271,000 cubic metres of cargo tank capacity.
Oil Field
06-09-2023

China's Largest Ultra-Deep Oil, Gas Field Built in Tarim Basin
Located in northwest China's Xinjiang Uygur autonomous region, Tarim Basin is a major petroliferous basin in the country. The oil and gas resources at a depth of more than 6,000 meters underground in the basin account for 83.2 percent and 63.9 per
Oil & Gas Trade
06-09-2023

Chevron's Domestic Gas Plant Trips in Western Australia
Chevron Australia's domestic gas processing plant at its 8.9mn t/yr Wheatstone LNG in Western Australia (WA) has tripped, with the plant needing to be restarted before production recovers in the coming days.A pump fault occurred on 4 September wit
LNG
06-09-2023

BP Signs Third LNG Offtake Contract With Woodfibre
UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.Courtesy of BPThe contract involves the offtake of 0.45 million tons of LNG per year (m
Oil & Gas Trade
06-09-2023

Russian Gas Exports to EU Seen Dropping Sharply in 2023, State Bank Veb Says
A general view shows an office building of VEB bank (Vnesheconombank) in Moscow, Russia, January 18, 2015. REUTERS/Sergei Karpukhin/File photo Acquire Licensing RightsRussia's pipeline natural gas exports to the European Union may fall to 21 billi
LNG
06-09-2023

Pacific Energy-Enbridge Venture Woodfibre to Supply 100% Of Its LNG to BP
Pacific Energy and Enbridge (ENB.TO)-owned Woodfibre said on Tuesday it would supply 100% of the LNG from its proposed plant in British Columbia to BP Plc (BP.L) after it signed another agreement with a unit of the energy major.Woodfibre LNG had earlier s
Oil & Gas Trade
06-09-2023

Brazil's Petrobras Signs Agreements With Compagas for Natural Gas Supply
Brazil's state-run oil company Petrobras (PETR4.SA) has signed contracts for the supply of natural gas with gas company Compagas for around 6.4 billion reais ($1.28 billion), Compagas told Reuters on Tuesday.Compagas, which is controlled by Compan
LNG
05-09-2023

US LNG Producer Strikes Baker Hughes Deal Targeting 100MN Tpy
Venture Global has set out a plan, with Baker Hughes, to boost its projected export capacity from 70 million tonnes per year of LNG to 100mn tpy.As a result, Venture Global has struck a master equipment supply agreement with the service company on the del
Oil Pipeline
05-09-2023

Romania's Transgaz to Operate Moldova's Natural Gas Transport System
The entire gas transmission network in the Republic of Moldova will be managed by Vestmoldtransgaz, a company owned by the Romanian gas transport system operator Transgaz and the EBRD, the Ministry of Energy in Chisinau announced, Newsmaker.md reported.Th
Oil & Gas Trade
05-09-2023

North Sea Oil and Gas Giants in £260M Deal
TWO of the North Sea’s biggest operators have agreed a £260m tie-up to boost oil and gas production.Harbour Energy and engineering giant Wood Group signed ‘a new strategic partnership’ that will support hundreds of
LNG
05-09-2023

Chevron Australia LNG Workers Plan Full Strikes From Sept. 14
Source: Bloomberg(Bloomberg) -- Chevron Corp. liquefied natural gas workers in Australia threatened two weeks of 24-hour rolling outages at two major export plants from mid-September, in an escalation of the dispute that threatens global fuel supply.The w
Oil & Gas Trade
05-09-2023

Petrobras-Mubadala Partnership May Open Door to Refinery Deal, Say Sources
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsBrazilian state-run oil firm Petrobras (PETR4.SA) remains eager t
Oil Price
04-09-2023

Iraq's Oil Revenues in Europe Reach $11 Billion in 2023
Shafaq News / Iraq has seen a substantial boost in its oil revenues to Europe since the beginning of the current year 2023, with figures reaching approximately $11 billion by the end of August.According to a report from the Energy Agency, obtained by Shaf
Oil & Gas Trade
04-09-2023

Wood Group and Harbour Energy Join Forces in North Sea Deal
Wood Group (John) PLC and Harbour Energy PLC (LSE:HBR) have joined forces in a new strategic venture for North Sea operations in a deal worth around US$330 million.Under the agreement, Wood, a global consulting and engineering company, will provide engine
Oil & Gas Trade
04-09-2023

In August, Traders From the EU and Moldova Pumped 1.1 Billion Cubic Meters of Gas Into Ukraine's Storage.
Compared to July, the volume has almost doubled, and compared to August of last year, has increased by 800%. According to the Operator of the GTS of Ukraine, Slovakia was the leader in gas transportation to Ukraine, with 611.8 million cubic meters, or 56%

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