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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
11-07-2023

BP Settles US Natgas Market Manipulation Case for $10.75 Million
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
Oil & Gas Supply
11-07-2023

Dominion Sells Maryland Gas Plant Stake to Berkshire Hathaway Unit for $3.3 Bln Cash
Electric power transmission pylon miniatures and Dominion Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/IllustrationDominion Energy (D.N) agreed to sell its 50% stake in the Cove Point liquefied natural gas facility
LNG
11-07-2023

Uniper Chief Says Flexible Duration Lng Contracts Key for Europe
Uniper logo is displayed in this illustration taken September 5, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoShorter-duration contracts for LNG purchases will be important for Europe's diversifying supply given uncertainty about long-term gas
LNG
10-07-2023

India's HPCL Gets Bids to Lease Part of Chhara LNG Terminal
India's Hindustan Petroleum Corp Ltd (HPCL.NS) has received six or seven bids from industries to lease a part of its Chhara liquefied natural gas (LNG) import terminal on the west coast, the LNG unit's chief executive said on Monday.HPCL a
Oil & Gas Trade
10-07-2023

Spanish imports of Russian gas jump in May, nearly 28% of total
A view shows the Orenburg gas processing plant of Gazprom in the Orenburg Region, Russia Septeember 6, 2022. REUTERS/Alexander ManzyukJuly 10 (Reuters) - Russia provided 27.9% of Spain's gas imports in May, up from 11.9% a year earlier, Spanish go
Oil & Gas Supply
10-07-2023

UK Gas Sufficient to 2050 but Price Spikes Likely – TSO
(Montel) The UK will not experience any significant gas shortages over the next quarter century thanks to diverse supply sources and declining demand but it will remain exposed to price spikes, TSO National Grid said on Monday.Our analysis shows that ther
Oil & Gas Trade
10-07-2023

Iraq, Totalenergies Sign a $27 Billion Deal for Energy Projects
The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit Tessier/File PhotoIraq and French oil major TotalEnergies (TTEF.PA) on Monday signed
LNG
10-07-2023

First shipment of liquefied natural gas imported into Vietnam
Greek-flagged Maran Gas Achilles transported nearly 70,000 tonnes of liquefied natural gas (LNG) to the Thi Vai LNG terminal in Cai Mep Industrial Park in Tan Phuoc ward, Phu My town, southern Ba Ria – Vung Tau province, on July 10.
LNG
10-07-2023

Totalenergies, Sonatrach Strengthen Gas Partnership
A number of agreements were signed to strengthen the partnership between Sonatrach and TotalEnergies in the production of natural gas, the delivery of liquefied natural gas (LNG) to Europe, and the advancement of renewable energy in Algeria during a meeti
Thermal Plant
10-07-2023

Mitsubishi Power Receives Order for Two Gas Turbines for 1,600MW Class Gtcc Power Plant in Uzbekistan
- State-of-the-Art M701JAC Turbines to Boost Generation Efficiency and Help Reduce CO2 Emissions- Contribution to Uzbekistan government's roadmap for carbon neutrality in the power sector by 2050, with commercial operation scheduled to start in 20
Oil&Gas Drilling
10-07-2023

Totalenergies Starts Gas Production in Absheron Field in Azerbaijan
TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.This fir
LNG Carrier
09-07-2023

PV Gas to Receive First Imported LNG Shipment
The Greece-flagged Maran Gas Achilles ship will transport 70,000 tonnes of LNG from Bontang port in Indonesia to Thị Vải LNG warehouse in southern Bà Rịa-Vũng Tàu province.HÀ NỘI — Petrovietnam Gas Joint Stock Corporation
LNG
08-07-2023

Svanehøj and Engie Team Up to Enhance Offshore Lng Safety on Fsrus
LNG storage involves managing significant safety risks, but data on the behavior of LNG in Floating Storage and Regasification Units (FSRUs) is lacking. Now, tank control system specialists from Svanehøj and energy researchers at Engie Lab Crig
Oil & Gas Trade
08-07-2023

India Is Using Chinese Yuan to Pay For 10% Of Its Russian Oil Imports, Rest in Rupee and Dirham
India is making about 10 percent of its payments for Russian oil in the Chinese yuan, ThePrint has learnt, with the rest of the payments being made in Indian rupees and UAE dirhams.The US and European sanctions and oil price caps imposed on Russia in the
Oil Field
08-07-2023

Indian Oil Corporation to Raise Rs 22000 Crores via Rights Issue for Net Zero Carbon Emission Projects
Indian Oil Corporation (IOC) is raising Rs 22,000 crore through its maiden rights issue as part of the Centre’s plan to infuse capital into three state-owned fuel retailers to fund their net zero carbon emission projects.The government, which ho
LNG
07-07-2023

PV GAS to Receive First Imported Lng Shipment
Petrovietnam Gas Joint Stock Corporation (PV GAS) is expected to receive the first imported liquefied natural gas (LNG) shipment from supplier Shell on July 10.
Oil&Gas Drilling
07-07-2023

Two New Blocks Awarded for Oil, Gas Search
Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Dhaka has been hit hard by a global surge in energy and food prices.—Reuters photoKARACHI:The government has provisionally awarded two new blocks to a leading state-owned oi
Oil & Gas Technology
07-07-2023

Rolls-Royce MTU Kinetic Powerpack Approved for Renewable Diesel
Rolls-Royce has approved its mtu Kinetic PowerPacks, based on the mtu Series 4000 and 1600 diesel engines, for use with renewable diesel (HVO/Hydrogenated Vegetable Oil) and the other synthetic diesel fuels of the EN15940 standard. With HVO the CO2 footpr
Oil Price
07-07-2023

Callon Petroleum Company Announces the Closing of Delaware Basin Acquisition and Eagle Ford Divestiture
HighlightsReduces Outstanding Debt by Approximately $300 MillionWill Commence Share Buyback Program in the Third QuarterCallon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today (July 5) announced that it closed its previo
Oil & Gas Trade
07-07-2023

BP Energy Partners Announces Sale of Mesa Natural Gas Solutions
BP Energy Partners, LLC ("BPEP"), a Dallas, Texas based, investment manager has closed on the sale of Mesa Natural Gas Solutions, LLC ("Mesa" or "the Company"), a portfolio company of BP Natural Gas Opportunity Partners, L.P.
LNG
06-07-2023

Tinubu Backs $5BN Floating LNG Project Implementation Venture to Provide 7,000 Jobs, Crash Prices —Rone
PRESIDENT Bola Tinubu on Wednesday gave his support to the implementation of a $5 billion Floating Liquefied Natural Gas (FLNG) project in the country.He gave the backing when he received a group of investors made up of UTM FLNG, TECHNIP Energies of Franc
Oil&Gas Drilling
05-07-2023

Ftse-Listed Prospex Confirms First Gas at New Italian Field
Prospex trades on the London Stock Exchange’s FTSE Aim All-ShareProspex Energy has announced first gas production at the freshly developed onshore Selva field in the Po Valley region of Northern Italy.The London-listed energy investment speciali
LNG Carrier
05-07-2023

HD Korea Shipbuilding Wins 96.9 Bln-Won Order for 1 LNG Carrier
South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has clinched a 96.9 billion-won (US$73.97 million) order to build one liquefied petroleum gas (LPG) carrier for an Oceanian shipper.Hyundai Mipo Dockyard Co., one
Oil & Gas Technology
05-07-2023

Gazprom Subsidiary Files Lawsuits Against Deutsche Bank and Commerzbank
The logo of Gazprom company is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim ShemetovRusKhimAlyans, a subsidiary of Russian gas giant Gazprom (GAZP.MM), has filed lawsuits seeking
Oil Price
04-07-2023

Saudi Arabia, Russia Deepen Oil Cuts, Sending Prices Higher
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File PhotoSaudi Arabia and Russia, the world's bigge

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