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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

LNG
18-07-2023

Hapag-Lloyd's LNG-Fueled 23,660 Teu Giant Receives LNG in China
Energy company World Fuel Services Corporation has conducted a liquified natural gas (LNG) bunkering operation in China, supplying LNG for Hapag-Lloyd’s 23,660 TEU containership Berlin Express.World Fuel Services CorporationWith the support of b
LNG
18-07-2023

First Man Me-Ga Otto-Cycle Engine Completes Gas Trials
MAN Energy Solutions announced that the first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping. The new engine is an Otto-cycle variant of the c
LNG
17-07-2023

Hong Kong LNG Terminal Starts Operation
Hong Kong’s new offshore LNG terminal, jointly developed and constructed by power companies CLP Power Hong Kong and the Hongkong Electric (HK Electric), has gone into operation.Courtesy of MOLThe first LNG shipment under a long-term supply agree
Oil & Gas Trade
17-07-2023

Longboat and Japex Create New Player on Norwegian Oil & Gas Stage
Longboat Energy, an emerging full-cycle North Sea E&P company established by the former management team of Faroe Petroleum, and Japan Petroleum Exploration Co., Ltd (JAPEX) have completed all the steps required for the creation of their Norwegian join
Oil Price
17-07-2023

Iran Raises August Light Crude Price to Asia - Source
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for August, an industry source with knowledge of the matter said on Monday.The June price is up 15 cents fro
LNG
17-07-2023

Chevron Opted to Buy vs Build US LNG Processing, Gas Executive Says
The logo and trading information for Chevron is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2022. REUTERS/Brendan McDermid/File PhotoChevron Corp (CVX.N) is comfortable with buying U.S. liquefi
LNG
17-07-2023

Analysis: Vietnam's Big Bet on LNG May Not Ease Its Power Crisis
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoVietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it
Oil Price
15-07-2023

Nigeria, Other OPEC Nations Earn $873.6bn From Oil Export in 2022
Nigeria and other countries in the Organization of Petroleum Exporting Countries(OPEC), earned $873.6 billion from oil export in 2022.The OPEC’s petroleum export revenues climbed to the highest in a almost a decade last year, as Russia&rsquo
Oil Price
14-07-2023

California New Oil Well Approvals Have Nearly Ground to a Halt
Active pumpjacks from oil wells are pictured at the Inglewood Oil Field, the largest urban oil field in the United States, from the Baldwin Hills Scenic Overlook in Culver City, California, U.S., March 10, 2022. REUTERS/Bing Guan/File PhotoJuly 13 (Reuter
Hydrogen Transport
14-07-2023

Greek Gas Grid Eyes 1-Billion Euro Hydrogen Pipeline
The Bermuda-flagged LNG tanker Methane Lydon Volney, is seen offshore of the islet of Revithoussa, Greece, September 21, 2022. REUTERS/Costas Baltas/File PhotoGreek gas grid operator DESFA wants to build a 1 billion euro ($1.12 billion) hydrogen pipeline
Oil & Gas Supply
14-07-2023

Exxon to Buy Denbury for $4.9 Billion in Carbon Storage Bet
Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File PhotoExxon Mobil Corp (XOM.N) on Thursday agreed to buy Denbury Inc (DEN.N) for $4.9 billion to accelerate its energy transition busines
LNG
13-07-2023

Mitsubishi Shipbuilding Receives Order for 12 Units of Lng Fuel Gas Supply System (FGSS)
For LNG-fueled Vessels to Be Built by Imabari Shipbuilding Group, Including Car Carriers and also Bulk Carriers- Order for high-pressure systems for 9 car carriers and 3 bulk carriers that will use LNG as its main fuel.- FGSS units to contribute to decarb
LNG Carrier
13-07-2023

Nextdecade Finalizes $18 Billion Investment to Construct Largest U.S. LNG Export Facility
Houston-based NextDecade Corporation has announced an $18.4 billion final investment decision to construct the first three liquefaction trains at its Rio Grande LNG terminal, the largest proposed liquefied natural gas (LNG) export facility in the United S
Oil Pipeline
13-07-2023

TC Energy Urges Canada to Speed Permits for Energy Transition Projects
TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoCanada's TC Energy (TRP.TO) on Wednesday urged policymakers to streamline permitting for repurposing oil a
Oil&Gas Drilling
13-07-2023

Saudi Output Cuts Helping Drive up Global Oil Markets
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expa
Oil & Gas Trade
13-07-2023

Biden Admin Urged to Stop 'Fast-Tracking' Gulf Oil and Gas Reviews
A general view of a deep-water oil platform in the Gulf of Mexico off the coast of Veracruz, Mexico January 17, 2014. REUTERS/Henry RomeroSix environmental groups on Wednesday asked the Biden administration to end the "routine fast-tracking" of
Oil Price
13-07-2023

Oil Prices Rise in Early Trade as US Inflation Cools
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020. Carina Johansen/NTB Scanpix/via REUTERS/File PhotoOil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have f
Crude Oil
13-07-2023

Column: Saudi Output Cut Removes Downside Risk From Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahExtra crude production cuts announced by Saudi Arabia and Russia have removed some downside ri
Crude Oil
12-07-2023

Iraq Takes First Step Towards Becoming the World's Biggest Oil Producer
Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day.Theoretically, Iraq could lift oil production to 13 million bpd.Endemic corruption has strongly impacte
LNG
12-07-2023

Qatar Expects Record Volume of Lng Offtake Signings This Year
QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi speaks during a news conference after a signing ceremony as QatarEnergy joins TotalEnergies and Eni to explore Lebanon's offshore oil and gas, in Beirut, Lebanon January 29, 2023
Iraq
12-07-2023

Iraq to Trade Crude Oil for Iranian Gas to Settle Power Debt -PM
Iraqi Prime Minister Mohammed Shia al-Sudani, attends the Arab League Summit in Jeddah, Saudi Arabia, May 19, 2023. Iraqi Prime Minister Media Office/Handout via REUTERS /File PhotoIraq will begin trading crude oil for Iranian gas to end the recurring iss
Oil Exploration
12-07-2023

PBF's Martinez, California, Refinery Reports Release of Coke Dust on Communities
PBF Energy's (PBF.N) 156,400 barrel-per-day capacity oil refinery in Martinez, California released petroleum coke dust, a byproduct of the refining process, on neighboring communities, Contra Costa Health (CCH) Services and the refiner said on Tue
LNG
11-07-2023

The World's Largest Lng Tanks Have Been Built Right Next to Macao
The five tanks each hold the equivalent of 72 Olympic swimming pools and stand higher than a 20-storey building.
LNG
11-07-2023

Baker Hughes Wins LNG Project Order
Baker Hughes announced a major LNG order from QatarEnergy for the North Field South (NFS) Project. (Image: Baker Hughes)Company will supply six gas turbines paired with 18 compressorsBaker Hughes will supply Bechtel Energy Inc. three Main Refrigerant Comp
Oil Exploration
11-07-2023

Russia, Gulf Top Diplomats Say OPEC+ Efforts Stabilize Global Oil Market
Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File PhotoTop diplomats from Russia and the Gulf Arab states praised "the successful" efforts of the countries of the OPEC

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