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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
LNG
05-02-2025
Hapag-Lloyd Unveils $4B Green Financing for 24 LNG Dual-Fuel Boxships
German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards.As explained, the green financing comprises f
Oil&Gas Drilling
05-02-2025
Velesto Going after Three Ds – Digitalization, Decarbonization, and Diversification for Enhanced Drilling and Oil & Gas Era
With the world caught in a vicious circle of geopolitical tensions, high-stakes tariff games, emerging trade wars, climate change woes, and the need to tackle the energy security, sustainability, and affordability trilemma, technological advancement, supp
Oil Price
05-02-2025
Oil Mixed as Trump Restores Pressure on Iran, Tariff Drama Caps Prices
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024.Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored h
Oil & Gas Trade
05-02-2025
Encino’s Owner Mulls $7 Billion Sale, IPO of Energy Producer
Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019.Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S. oil and nat
Natural Gas
04-02-2025
Tajikistan Sees Uptick in Natural Gas Imports From Uzbekistan
Tajikistan has imported 267 million cubic meters of natural gas from Uzbekistan in 2024, which is an increase of 47.1 million cubic meters or 21.4 percent compared to 2023.According to the Ministry of Energy and Water Resources of Tajikistan, during the m
Oil Field
04-02-2025
Equinor’s Massive Johan Sverdrup Oilfield Hit by Power Outage
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020.Equinor's (EQNR.OL), Johan Sverdrup oilfield in the North Sea has suffered a power outage that is estimated to last for some 8 hours, a regulatory statement posted on the Nord
LNG
04-02-2025
Japan’s Mitsui Could Study Alaska LNG Project, but No Decision Yet
A man walks past the logo of Japanese trading company Mitsui & Co. in Tokyo, Japan, January 10, 2018.Japanese trading house Mitsui (8031.T), could consider studying a project to liquefy natural gas in the U.S. state of Alaska, but no decisions have be
Crude Oil
04-02-2025
OPEC Monthly Output Down Following Fire at Iraqi Oil Field
OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.OPEC’s oil production edged lower last month following a fire at Iraq’s biggest oil field.The Organization of Petrol
LNG
04-02-2025
Watch: Nigeria’s Gas ‘Revolution’ Pressing Forward With Inauguration of 5 Mini LNG Plants
Groundbreaking ceremonyThe Nigerian National Petroleum Corporation (NNPC) and its partners have held a groundbreaking ceremony for five mini-liquefied natural gas (LNG) plants in Ajaokuta, Nigeria’s Kogi State.The construction of plants with a c
Crude Oil
04-02-2025
Ecopetrol, OXY to Drill 34 Wells in Permian Under Development Plan Extension
Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019.This agreement,
Oil and Gas Equipment
04-02-2025
NEITI: Nigeria Needs $20 Billion Annually to Boost Gas Infrastructure
The Nigeria Extractive Industries Transparency Initiative (NEITI), said yesterday that Nigeria would need to inject $20 billion annually into its gas infrastructure to maximise the production of the natural resources as the ninth highest gas producer in t
Crude Oil
04-02-2025
CNRI, VAALCO Complete Production Phase From Baobab FPSO, West Africa
VAALCO Energy announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (FPSO) Dry Dock Refurbishment Project.In alignment with the project timeline, the FPSO Baobab Ivoirien MV10, operate
LNG
04-02-2025
Baker Hughes’ Solution Selected for Pelican State’s New LNG Plant
Rendering of the future Argent LNG terminal;Argent LNG, a U.S.-based energy company dedicated to developing liquefied natural gas (LNG) export solutions, has picked energy company Baker Hughes to supply the liquefaction solution and related services for i
Wind Power Project
04-02-2025
Dutch Terminal’s Open Season Checking the Pulse of LNG Import Demand After 2027
The Netherlands-based EemsEnergy Terminal, a subsidiary of Royal Vopak, a Dutch tank storage company, and Gasunie, a compatriot energy network operator, has taken steps to determine whether it should remain in business after 2027 or close its doors by lau
OPEC
04-02-2025
OPEC+ Sticks to Oil Output Plan After Trump’s Price Demand
An OPEC+ panel on Monday reaffirmed the oil cartel’s plan to gradually hike output starting from April, after US President Donald Trump called for lower prices.In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC
Oil & Gas Trade
04-02-2025
Petrobras’ Total Q4 Production Falls 10.5%, Sales and Exports Also Down
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019.Brazilian state-run oil giant Petrobras (PETR4.SA), reported on Monday a 10.5% decrease in its total fourth-quarter oil and
Crude Oil
04-02-2025
WTI Oil Prices Down as Trump Agrees to Pause Tariffs on Mexico, Canada
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024U.S. West Texas Intermediate (WTI) crude prices were down by 1.1%, or 0.80 cents, to $72.36 at 2323 GMT after U.S. President Donald Trump agreed
Crude Oil
24-01-2025
Uzbekistan Notes Decrease in Oil Production in 2024
Uzbekistan’s oil production volume amounted to 713,400 tons in 2024.Data obtained from the country's Statistics Agency reveals that this figure decreased by 9.2 percent compared to the same period last year (779,700 tons in 2023).At the
Oil Field
24-01-2025
OGDCL Enhances Oil Production From Kunnar Oil Field in Hyderabad
Oil and Gas Development Company Limited (OGDCL) on Thursday announced a significant enhancement in oil production from its Kunnar Oil Field in the Hyderabad district of Sindh. The company’s optimization efforts have increased oil output from two
LNG
24-01-2025
Trump Says US Will Guarantee LNG Supplies for Europe
U.S. President Donald Trump makes a special address remotely during the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025.President Donald Trump said on Thursday the United States would guarantee supplies of liquefied
LNG
24-01-2025
Meralco to Tap $1.28b Loan Facility for LNG Venture
The Philippines’ Manila Electric Company (Meralco) has announced that it will draw from its $1.28b (PHP75b) credit facility which will be used to finance its venture in liquified natural gas.In a disclosure, the company said the loan will be tak
Crude Oil
24-01-2025
China Aims for Stable Crude Oil Production Above 200M Tons in 2025
Workers perform their tasks at an oil platform in Daqing Oilfield in Daqing, northeast China's Heilongjiang Province, Nov. 25, 2024.China aims for stable crude oil production above 200 million tons in 2025, the National Energy Administration (NEA)
Crude Oil
24-01-2025
Another Oil & Gas Discovery of ‘Great Importance’ Springs up Offshore Kuwait
Kuwait Petroleum CompanyKuwait’s state-owned E&P company Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discov
LNG
24-01-2025
Duo Exploring Avenues for Australian LNG Project’s Expansion to Enrich Gas Market
Australia’s energy giant Santos has joined forces with Tamboran Resources Corporation to look into a potential enlargement of a liquefied natural gas (LNG) project in Darwin, with the idea of supplying more gas to the country’s domesti
LNG
04-02-2025
US Firm Scores 20-Year Gas Supply Gig in Puerto Rico
NFE's LNG terminal in Puerto Rico is adjacent to the power plant, which will initially operate on LNG but have the capacity to operate on hydrogen in the future;U.S. energy infrastructure player New Fortress Energy (NFE) has gotten a hold of a mul
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Most views from Oil & Gas
1
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
2
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
3
Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
4
Shell Sorry for Buying Russian Crude
5
Oil Prices Post 3% Annual Decline
6
Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows
