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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 Drilling
04-07-2023

Nigeria, Angola Now Africa's Biggest Oil Drilling Markets – Report
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 2023 Offshore Rigs Tracker, released on Monday by Hawilti and the Caverton Offshore Support Group
Oil Price
04-07-2023

Sheetz to Offer $1.776 Gas for July 4th in Much of the Region
HUNTINGTON/CHARLESTON, W.Va. (WSAZ) - How does $1.77 a gallon gas sound?It will be a reality Tuesday, July 4 for Sheetz customers in parts of the Mid-Atlantic, Midwest and South -- including West Virginia and Ohio, according to a release from the company.
Oil Pipeline
03-07-2023

Leviathan Partners in Israel to Invest $568 Million in Third Gas Pipeline
An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023. REUTERS/Amir Cohen/File PhotoPartners in the Israeli offshore gas project Leviathan said on Sunday the
LNG Carrier
03-07-2023

ORLENr's LNG Carrier GrażYna Gęsicka Reaches Poland
The second vessel of the fleet of gas carriers being built for the ORLEN Group has arrived at the port in Świnoujście, Poland, with a cargo of liquefied natural gas (LNG).Courtesy of ORLEN GroupThe vessel Grażyna Gęsicka delivered some 65,000 tons of LNG
Oil&Gas Drilling
03-07-2023

Reliance, BP Start Gas Production From Mj Field Offshore India
The MJ field in is expected to have peak gas production of around 12 million standard cubic metres of gas per day and 25,000 barrels of condensate per day.
Oil & Gas Trade
03-07-2023

UK-Listed Player Secures Funding for Key African Gas Project
Morocco’s Attijariwafa Bank will be financing the African gas field’s second development phaseLondon-listed player Sound Energy has secured crucial funding for executing the second development phase of the company’s Tendrara
LNG
03-07-2023

US Dept of Energy Grants Export License to Gulfstream LNG
Gulfstream LNG Development has received an export authorization from the U.S. Department of Energy to advance its proposed liquefied natural gas export plant in Louisiana, the company said on Friday.Gulfstream LNG Development has received an export author
Oil & Gas Trade
03-07-2023

India's Oil Imports From Russia Climb to New Peak as Limit Nears
Source: Kpler(Bloomberg) -- India’s imports of Russian oil hit another record last month as the South Asian nation potentially nears the limit of its buying splurge from the major OPEC+ producer.Daily volumes climbed to 2.2 million barrels a day
Oil & Gas Supply
03-07-2023

EPA and DOE to Provide More Than $1B to Reduce Methane Emissions From Oil and Gas Sector
The US Environmental Protection Agency (EPA) and US Department of Energy (DOE) are partnering to provide more than $1 billion in funding to help reduce methane emissions from the oil and gas sector through the creation of the Methane Emissions Reduction P
Oil Price
01-07-2023

Iran Exports $19 BN of Crude Oil Jan-May
The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first five months of 2023.The EIA said in its latest report said that the total oil export of 13 OPEC
Saudi Arabia
01-07-2023

Petrofac Lands $700M Adnoc Epc Contract for Gas Plant
Petrofac, a leading international service provider to the energy industry, has been signed up by Adnoc Gas Processing, a key subsidiary of Abu Dhabi National Oil Company (Adnoc), to undertake a significant new engineering, procurement and construction (EP
Oil and Gas Equipment
01-07-2023

Shell Company Opens Gas Stations in Armenia
YEREVAN — On June 29, 2023, Royal Oil, official licensee of Shell brand in Armenia, launched the first two Shell branded fuel stations at 6/3 and 15/1 of Artashat Highway in Yerevan.Among the guests of the official opening ceremony were Vahan Kerobyan, RA
Oil & Gas Trade
01-07-2023

Europe Spends Nearly Half Billion Euros for Azerbaijani Gas Imports
Europe's expenditure on Azerbaijani gas imports in April 2023 have reached nearly 490 million euros, Trend learned from Eurostat, the statistical office of the European Union.In April 2023, Azerbaijan supplied 1.047 billion cubic meters of natural
Oil & Gas Trade
30-06-2023

Chevron Offers to Sell Oil and Gas Properties in New Mexico, Texas
Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents seen by Reuters, as the U.S. oil major looks to cull acreage after major shale acquisitions.The second-largest U.S. oil and gas producer l
Crude Oil
30-06-2023

Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves. Recen
Gas Turbine
30-06-2023

Gas Turbine Combustion Auto-Tuning Solution Reduces Nox Emissions by 120 Tonnes a Year
To meet the new emissions standard, it was clear the turbine required a retrofit solution.Chinese powerplant meets new emissions standard with bespoke solution developed by Sulzer.Governments around the world are cracking down on nitrogen oxide (NOx) emis
Oil & Gas Trade
30-06-2023

Average price cap forecasts fall as Ofgem revises definition of typical energy consumption
Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023, the forecast stands at £1,871 per annum for a typical consumer, and from January 202
LNG Carrier
29-06-2023

CoolCo Buying Two Lng Carriers Newbuilds for $234M Each
LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures.CoolCo said that the Mega LNG carriers were scheduled to be delivered from Hyundai Samho Heavy Industries (HHI) in September
Oil & Gas Trade
29-06-2023

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf
According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further development of existing fields, as well as investments in projects for increased yield from cur
Oil & Gas Trade
29-06-2023

Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years
Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company did not disclose the value of the contract for the 154.000 dwt vessel but said it was f
Natural Gas
29-06-2023

Finnish Gas Demand Set to Rise 27% – TSO
Image: Shutterstock.com(Montel) Finnish gas consumption is set to rise by 27% this year due to lower prices, but demand is unlikely to return to pre-crisis levels of 25 TWh/year, said TSO Gasgrid Finland.The TSO estimated Finland would consume around 14 T
Crude Oil
29-06-2023

Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further interest rate hikes could slow economic growth and reduce global oil demand
Crude Oil
29-06-2023

CGX, Frontera Announce Major Oil Discovery off Guyana
The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and its majority shareholder Frontera have struck oil at an exploration well off the coast of Guya
Oil & Gas Trade
29-06-2023

Petrobras' Green Venture: From Oil Giant to Hydrogen Exporter?
Petrobras, Brazil’s state-controlled oil giant, is setting its sights on the burgeoning hydrogen market. Mauricio Tolmasquim, Petrobras’ Director of Energy Transition and Sustainability, announced on Tuesday that the company may explor
Green Hydrogen
29-06-2023

Portugal to Begin 10 Percent Hydrogen Fuel Blending in Natural Gas Grid
The country is adapting its grid to begin transporting the mixed fuel starting as soon as this year.REN of Portugal has begun adapting its high pressure natural gas grid so that it can transport a blend of 10 percent hydrogen fuel with the natural gas, be

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