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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 Drilling
19-06-2023
Pure Oil & Gas Advances Texas Drilling Operations at First Well
(WO) – Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas.Source: ReutersJeremy Larsen, President of Pure Oil & Gas, In
Gas Turbine
19-06-2023
U.S. Pipeline Giant: Energy Transition Will Need More Natural Gas Infrastructure
U.S. natural gas infrastructure will have to expand so that gas can serve as a backup power generation fuel amid soaring wind and solar capacity in the energy transition, says the chief executive of the pipeline giant handling one-third of U.S. gas delive
Coal Production
19-06-2023
Green Baseload Hub to Replace Coal, Gas Generation in Eastern Germany
German coal miner LEAG is planning a massive clean energy hub, comprising up to 14 GW of wind and solar energy generation paired with 2 GWh to 3 GWh of battery energy storage and 2 GW of green hydrogen production. Combined, these technologies are expected
Oil Field
16-06-2023
Pertamina and Partners to Invest $800M in Algerian Oil Field
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian state oil company Pertamina on Friday announced the renewal of a contract for the development of a
Oil & Gas Technology
16-06-2023
The Global Gas Generating Systems Market Size Is Expected to Surpass a Valuation of Us$ 21 Billion by 2033 | Future Market Insights Inc.
The global gas generating systems market size is expected to surpass a valuation of US$ 20.8 billion by 2033. The market is estimated to witness a CAGR of 9.4% in the next ten years from 2023 to 2033. It is projected to elevate in 2023 by reaching a valua
Oil&Gas Drilling
16-06-2023
BW Energy Starts Production From Second Hibiscus / Ruche Well
BW Energy announced that production has safely started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. Production performance from the well has been in line with expectations and is currently stabilized
LNG
16-06-2023
Totalenergies Buys $219M Stake in US LNG Developer
TotalEnergies will buy a 17.5% stake in US liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company's Rio Grande LNG export project to proceed.NextDecade sa
Crude Oil
16-06-2023
Oil Futures up 3PC on Strong China Refinery Data
HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump in refinery runs in top crude importer China.Brent futures rose $2.07, or 2.8%, to $75.27 a barrel by 1:00 p.m. EDT (1700 GMT), while US W
LNG
15-06-2023
Pakistan, Azerbaijan to Ink Lng Import Agreement
Pakistan and Azerbaijan will sign an agreement today on supplies of liquified natural gas (LNG), a source familiar with the matter told Trend.Pakistani Cabinet's Economic Coordination Committee (ECC) granted approval to a framework agreement betwe
Crude Oil
15-06-2023
Russia’s Revenue From Oil Export Increases by USD 1.7 Billion
A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo | AFP)Sanctions on Russian oil by Western countries have failed to make any dent in its oil ex
LNG
15-06-2023
World’s Largest Fsru Receives First Lng Ahead of Hong Kong Lng Terminal Launch
MOL FSRU Challenger, also known as the world’s largest floating storage and regasification unit (FSRU), has received the first LNG as part of a commissioning process for Hong Kong’s first offshore LNG terminal.Courtesy of MOLThe FSRU&a
LNG
15-06-2023
First LNG Project in Western Pacific Goes Offline as Black Smoke Billows Out
An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei Darussalam, which is considered to be the first in the Western Pacific.Brunei LNG; Source: Mitsubishi CorporationAccordi
LNG Carrier
15-06-2023
WinGD Powering Lng-Hybrid Vessels
The new car carriers for NYK will feature emissions reduction technology, energy management and digital optimization solutions from WinGD. (Image: WinGD)NYK Line said the configuration will be 40% more energy efficientSwiss marine power company WinGD is s
Oil & Gas Supply
15-06-2023
Growth in Global Oil Demand Is Set to Slow Significantly by 2028
New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand.Growth in the world’s demand for oil is set to slow almost to a halt in the
Oil&Gas Drilling
14-06-2023
Totalenergies Announces Oil, Gas Discovery Offshore Nigeria
TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria.The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast coast of Nigeria.It said the Ntokon-1A
Gas Turbine
14-06-2023
Russia Says Construction of Gas Hub in Türkiye Can Help Solve Global Energy Crisis
Russian Foreign Minister Sergey Lavrov says food crisis can be resolved through grain exports to poorest countries under Black Sea Grain InitiativeRussian Foreign Minister Sergey Lavrov said on Tuesday that the construction of a gas hub in Türkiy
Oil Price
14-06-2023
China Cut the Retail Prices of Gasoline and Diesel From Wednesday, the 6th Cut This Year
China cut the retail prices of gasoline and diesel, effective today, Wednesday, 14 June 2023.This is the sixth cut (so far) this yearGasoline and diesel prices will be reduced by 55 yuan (about 7.69 U.S. dollars) per tonne and 50 yuan per tonneChina&#
Oil & Gas Supply
14-06-2023
UK Enriches Its Gas Arsenal as Another North Sea Well Comes Online
UK-headquartered IOG plc has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea, boosting the UK energy market’s domestic gas supply.Blythe platform; Source: IOGThe Blythe H2 well, w
Crude Oil
13-06-2023
As Profit From Renewables Dwindle, Shell Returns to Crude Oil
Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits c
Crude Oil
13-06-2023
UNSC: Russia Resumed Refined Oil Exports to N. Korea in December
Photo : YONHAP NewsRussia officially resumed oil product exports to North Korea in December of last year after a hiatus of over two years.According to the UN Security Council(UNSC) website on Tuesday, Russia provided a cumulative total of 67-thousand-300
Oil Price
12-06-2023
US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions
The Bryan Mound Strategic Petroleum Reserve facility at Freeport, Texas. The US Department of Energy says the reserve system has a 'long history of protecting the economy and American livelihoods in times of emergency oil shortages'. Reute
LNG Carrier
12-06-2023
Spanish Government Greenlights El Musel Lng Terminal Start-up
El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the Demographic Challenge.Courtesy of EnagásAccording to the Spanish energy company
Oil&Gas Drilling
12-06-2023
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut
BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about demand growth after Saudi Arabia’s weekend decision to cut output.Brent crude future
Oil Exploration
12-06-2023
Pennsylvania Expects $400 Million in Infrastructure Funds to Begin Plugging Thousands of Abandoned Oil Wells
One scientist studying toxic emissions from the wells called the amount “woefully inadequate” in a state where officials say there are probably 250,000 such abandoned drill sites that need remediation.
LNG
09-06-2023
LX International Enters LNG Terminal Business
South Korean commodity trading and mining company LX International has announced it will partner with POSCO International to build LNG storage tanks and facilities in Dangjin, Chungcheongnam-do, and enter the LNG terminal business to lease and operate the
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Most views from Oil & Gas
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Top U.S. LNG Exports: China's Gas Demand Is Booming
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TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
