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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
04-09-2023

Kinetiko Energy Receives $6.5 Million Strategic Investment to Complete Afro Energy Acquisition
South African investment company Talent 10 Holdings has made a A$6.5 million strategic investment into Kinetiko Energy Ltd, as the latter looks to develop an energy transition solution for South Africa focused on commercialising advanced shallow conventio
Oil & Gas Supply
04-09-2023

Saudi Arabia's Aramco Considers Selling (Listing) Us$50 Billion in Shares
The Wall Street Journal reported that Saudi Arabia’s Aramco, the world’s most valuable oil company, appears to be considering selling a stake of as much as $50 billion.The Journal cites "people familiar with the potential deal&quo
Oil&Gas Drilling
04-09-2023

Map Reveals 16 New or Extended Onshore Oil and Gas Projects
Extract from Friends of the Earth’s interactive map published todayNew onshore oil and gas developments are planned at 16 sites in England, a new map reveals, as leading scientists insist additional fossil fuel developments are incompatible with
Australia
04-09-2023

Chevron Poised for Mediation Talks to Avert Australia Lng Strike
The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa//File Photo Acquire Licensing RightsMediation
Oil & Gas Supply
04-09-2023

Marketers Get Foreign Investors' Backing for 30,000 Gas Stations
Oil marketers, on Sunday, confirmed that they have received the nod of domestic and international financiers to develop about 30,000 gas stations nationwide.It was also gathered that many of the stations were currently being converted to start dispensing
Oil&Gas Drilling
04-09-2023

Mexico's Dos Bocas Refinery to Produce 290,000 Barrels per Day by Year End: President
The Dos Bocas refinery from the Mexican state-run oil producer Petroleos Mexicanos (PEMEX) is pictured during its inauguration, in Paraiso, Tabasco state, Mexico, July 1, 2022. REUTERS/Edgard Garrido/File Photo Acquire Licensing RightsMexico's Dos
Oil & Gas Trade
04-09-2023

US Backs Chevron in Dispute With Cyprus Over Giant Gas Field
The Chevron office is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. REUTERS/Gaby Oraa Acquire Licensing RightsWashington has weighe
Oil Price
04-09-2023

Column: US Oil and Gas Output Nears Peak
A general view of the Phillips 66 refinery, Rodeo, California, U.S. March 2, 2023. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsU.S. crude oil production increased again in June and is nearing the record high set before the pandemic, but the
Oil&Gas Drilling
01-09-2023

Shell's Namibia Exploration Well Fails to Discover Oil and Gas
Shell's (SHEL.L) Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday.Namibia, which has yet to produce any oil and gas, has attracted strong interest from international compan
LNG
01-09-2023

Canada's Altagas to Buy Natural Gas Assets From Tidewater for C$650 Million
Canada's AltaGas (ALA.TO) on Thursday agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure (TWM.TO) for C$650 million ($480 million), in a bid to strengthen its midstream operations.The deal, expected to close in the f
Oil & Gas Trade
01-09-2023

Australia's Santos sells nearly 3% stake in PNG LNG project for $736 mln
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 RightsAustralia&#
LNG
31-08-2023

Sempra Infrastructure and Japanese Consortium to Develop Carbon-Neutral Gas Production and Lng Supply-Chain
Sempra Infrastructure, a subsidiary of Sempra has announced an agreement with a consortium comprised of Tokyo Gas Company, Ltd., Osaka Gas Company, Ltd., Toho Gas Company, Ltd., and Mitsubishi Corporation to participate in the evalua-tion of a proposed pr
Gas Turbine
31-08-2023

Petronas to Close Part of Key Malaysia Gas Pipeline, Source Direct Feed for Mlng Dua
Petronas has decided to permanently shut-in part of its Sabah Sarawak Gas Pipeline (SSGP) that delivers feed gas to its Petronas LNG Complex after a catalogue of incidents that culminated in the operator last September declaring force majeure at Malaysia
Oil & Gas Supply
31-08-2023

Kenya Pipeline Completes Takeover of Changamwe-Based Kenya Petroleum Refineries Limited Facility
The government has concluded the transfer of the Kenya Petroleum Refineries Limited (KPRL) to Kenya Pipeline Company (KPC), Energy and Petroleum Cabinet Secretary Davis Chirchir has announced.Chirchir said the takeover will help improve the utilization of
Oil & Gas Trade
31-08-2023

Queensland Pacific Metals Celebrates Start of Qpm Energy's Moranbah Gas Operations
Queensland Pacific Metals Ltd (ASX:QPM) has welcomed the official completion of the Moranbah Project acquisition by subsidiary QPM Energy and the start of gas operations following the final ownership transfer.The subsidiary believes it is well positioned
Oil & Gas Trade
29-08-2023

Brazil's Petrobras Seals Cooperation Deal With Chinese Oil Giant
Brazil’s state energy major Petrobras has inked a strategic cooperation deal with China’s state oil major CNOOC.The deal, Reuters reports, citing a China-backed outlet, would focus on refining and chemical engineering, but also oilfiel
Oil & Gas Trade
29-08-2023

Global Fossil Fuel Subsidies Skyrocket to $7 Trillion
BP's CEO Bernard Looney and even the most pro-transition governments believe investing in immediate energy needs, like oil and gas, is essential, leading to record subsidies in 2022.The IMF report indicates that the majority of the $7 trillion in
Oil & Gas Trade
29-08-2023

Sinopec Not Interested in Acquiring Shell's Singapore Assets
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo Acquire Licensing RightsAsia's top refiner, Sinopec Corp , is not interested in acquiring Shell&a
Oil&Gas Drilling
29-08-2023

Eni Begins Oil and Gas Production at Ivory Coast Baleine Field
The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi Acquire Licensing RightsItaly's Eni (ENI.MI) has begun oil and gas production at the giant Baleine field in deep waters o
LNG
29-08-2023

Australia's Kinetiko Energy in Talks With Sasol on Gas Supply Deal
Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol (SOLJ.J) on a possible supply agreement, Kinetiko’s (KKO.AX) chief executive said on Monday.The na
LNG
29-08-2023

Chevron's Australia Lng Facilities Face Work Stoppages, Gas Prices Surge
The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo Acquire Licensing RightsWorkers at
Oil Price
28-08-2023

Oil Prices Edge Higher as China Announces Further Stimulus Measures
Oil prices edged higher on Monday as China's latest stimulus measures helped to alleviate fuel demand concerns.Brent, the benchmark for two thirds of the world’s oil, was trading 0.15 per cent higher at $84.61 a barrel at 9.39am UAE time
Oil & Gas Trade
28-08-2023

Saudi Pif, Holders to Offer 30% Stake in Oil Driller Ades IPO
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea, Norway, on Monday, Feb. 13, 2023. Equinor, Norway’s biggest oil and gas producer, said the second phase of its giant Johan Sverdrup field in the North S
Oil&Gas Drilling
28-08-2023

Equinor Starts up North Sea Oil, Gas Project
Equinor ASA has begun production at the Statfjord Ost field in the North Sea, expecting to raise its output by 26 million barrels of oil equivalent."The project is completed with sound safety results and is expected to deliver within estimated cost,
Natural Gas
28-08-2023

Shell Fires up Sweet Gas Production Offshore Malaysia
Shell has brought on stream its Timi sweet gas field development on Block SK 318 offshore Sarawak, Malaysia.The offshore field is designed to produce up to 50,000 barrels of oil equivalent per day of gas at peak and will evacuate its gas through a new 80-

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