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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
08-08-2023
Chevron Acquires Pdc Energy, Creating the Largest Oil & Gas Business in Colorado
Denver-based PDC Energy has been acquired by Chevron Corporation, creating Colorado's largest oil and gas company. The deal comes three years after Chevron acquired Noble Energy.The new company will now hold 600,000 acres statewide - about half of
LNG
07-08-2023
Final Investment Decision Delay for $2.4 Billion Canadian Lng Project
The final investment decision has been pushed back for the US$2.4 billion greenfield Cedar floating liquefied natural gas (FLNG) project in Canada, after the partners elected to progress a second front-end engineering and design study.The pairing of South
Oil Pipeline
07-08-2023
Kazakhstan Plans to Supply 100,000 Tonnes of Oil to Germany via Druzhba Pipeline in Aug
Kazakhstan intends to supply 100,000 tonnes of oil to Germany in August 2023 using the Druzhba oil pipeline, the press service for the Kazakh Energy Ministry said on Sunday."In August of this year, 100,000 tonnes of oil from the stocks of the Karacha
Oil & Gas Supply
07-08-2023
India's Top Oil and Gas Producer ONGC Planning to Set Up Two Oil-To-Chemical Plants
India’s top oil and gas producer ONGC is planning to set up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical products as it prepares for an energy transition that is shaking up the industry worldwide, ch
Oil Pipeline
07-08-2023
Poland Hopes to Fix Leak in Russia's Druzhba Oil Pipeline by Tuesday
A view shows a leak detected in Druzhba oil pipeline as reported by Polish pipeline operator PERN, in Chodecz, Poland August 5, 2023, in this picture obtained from social media. Anna Trzeciakowska via X/via REUTERSPolish pipeline operator PERN said it had
Oil & Gas Supply
07-08-2023
Ukraine Will Not Renew the Contract for the Transit of Russian Gas to the EU After 2024.
Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas volumes that ship to Hungary and Italy. Therefore, the
LNG
06-08-2023
McDermott Officially Starts Construction of Woodfibre LNG Project
Construction of the Woodfibre LNG, a project being developed by Pacific Energy and Enbridge, has officially begun as Qingdao McDermott Wuchuan (QMW) fabrication yard, a joint venture of McDermott and China State Shipbuilding Corporation (CSSC), started bu
Renewable Energy
06-08-2023
Clean Energy Vessels Propel Yangzijiang Shipbuilding’s Soaring Orderbook to $14.70 Bln
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023.The strong de
LNG
06-08-2023
TGEMarine Wraps up Gas Trial on Vlgc Gas Neptune
German provider of engineering services for the design and supply of gas carriers TGE Marine Gas Engineering has completed gas trial onboard very large gas carrier (VLGC) Gas Neptune.As explained, the milestone marks the completion and delivery of Wideshi
Oil and Gas Equipment
05-08-2023
Project to Repurpose Natural Gas Pipelines to Hydrogen Gets Green Light From Ofgem
Hydrogen project progresses to next stage following successful tests on pipeline between Grangemouth and Granton in ScotlandApproval by regulator Ofgem represents key milestone for this first-of-its-kind hydrogen projectMore testing including the first ev
Oil Price
05-08-2023
Azerbaijani Oil Price Exceeds $90
Baku, August 5, AZERTACThe Azerbaijani oil price has increased in the world markets.The price of a barrel of Azeri Light crude oil rose $1.21 to trade at $90.11.
Coal Production
05-08-2023
Turkey Approves New Coal Mining to Feed Power Plants
Police used water cannon and teargas against local people and environmental activists who protested against the destruction of the Akbelen forest in Turkey’s western province of Muğla, July 29, 2023. © 2023 Mert Can Bük&uum
Oil&Gas Drilling
05-08-2023
Canada-Based Trillion Energy to Explore Oil in Southeastern Türkiye
Canada-based energy company Trillion Energy has announced that it has entered into a farm-in agreement with Derkim Poliüretan Sanayi to earn a 50 percent working and revenue interest in three oil exploration blocks within the Cudi-Gabar petroleum
Oil&Gas Drilling
05-08-2023
UK Businesses Punished by £3.5bn Energy Surcharge, Labour Says
Starmer North SeaBritish industry has paid a £3.5bn premium on its energy costs under the Conservatives, Labour has claimed, weeks after Sir Keir Starmer said he would ban new oil and gas exploration in the North Sea.UK companies are paying 62pc
Oil and Gas Equipment
05-08-2023
Totalenergies Reports Pump Leak, Unit Shutdown at Texas Oil Refinery
TotalEnergies Petrochemicals & Refining USA reported a leaky pump at its oil refinery in Port Arthur, Texas, which it said forced it to shut down a unit."A pump located in unit 825 developed a leak that reached the reportable quantity of un-speci
Oil and Gas Equipment
05-08-2023
Nigeria's Tinubu Hails Significant New Gas-Fired Power Plant
Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File PhotoNigeria began construction of a 1,350 megawatt gas-fired power plant near its capital Abuja on Friday, the f
LNG
04-08-2023
Construction of LNG Canada Pipeline, Coastal Gaslink, in Full Swing
Coastal GasLink, the 670-kilometre pipeline that will transport natural gas to the approved LNG Canada facility near Kitimat, is nearly 92% complete, according to the latest construction update.Courtesy of Coastal GasLinkSummer construction season is in f
LNG
04-08-2023
Air Products Secures Work on Nextdecade's Rio Grande LNG Project
Industrial gases company Air Products has signed agreements to supply its proprietary LNG process technology and equipment to Rio Grande LNG Phase 1 Project being developed by NextDecade in Brownsville, Texas.Illustration; Archive; Courtesy of NextDecadeA
LNG
04-08-2023
HD KSOE to Build LNG Carrier Pair Under $530 Million Deal
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has clinched an order to construct two liquified natural gas (LNG) carriers.Image courtesy of Hyundai Heavy IndustriesAccording to the company’s stock exc
LNG
04-08-2023
Mexico Pacific and Conocophillips Conclude Long-Term LNG Deal
Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, has signed long-term LNG sales and purchase agreements with the U.S. energy giant ConocoPhillips.Archive; Illustration only; Courtesy of Mexico PacificUnder the agreement, C
Oil Price
04-08-2023
Brazil's Petrobras Beats Profit Forecast, $3 Bln Payout Announced
Brazil's state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo MoraesSAO PAULO, Aug 3 (Reuters) - Brazilian national oil company Petrobras (PETR4.SA) posted a nearly 36% drop in i
LNG
03-08-2023
Modules Construction Starts for $5.1 Billion Canadian LNG Project
Qingdao McDermott Wuchuan Offshore Engineering (QMW), the joint venture between US contractor McDermott and China State Shipbuilding Corporation, has started construction of the modules for Pacific Energy’s US$5.1 billion Woodfibre liquefied nat
Oil Exploration
03-08-2023
Totalenergies' $27BN Bet on Iraq Boosts Ailing Oil Industry
Pouyanne at the signing ceremony for the dealTotalEnergies’ signing of a long-stalled $27 billion deal to develop several energy-related projects in Iraq is a significant vote of confidence in the country’s fraught oil and gas industry
LNG
03-08-2023
Hydrogen Oman Will Be Size of Slovakia
Oman's hydrogen sector can benefit from existing LNG infrastructureIf Oman was to fully utilise its land for renewable hydrogen production, it would have 50,000 sq km, or a little bigger than the size of Slovakia, to make use of.This amount of lan
Oil & Gas Trade
03-08-2023
Nakilat Achieves $212.8m Net Profit in H1
Nakilat, one of the world’s largest liquefied natural gas (LNG) fleet operators, achieved a net profit of QAR775 million ($212.85 million) for the first half of the year ending June 30, 2023. This represents an increase of 6.1% compared to the s
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Most views from Oil & Gas
1
Top U.S. LNG Exports: China's Gas Demand Is Booming
2
Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal
3
TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
4
IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
5
Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
6
U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
