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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 Exploration
10-05-2023

Qatarenergy Enters Suriname Offshore Exploration
QatarEnergy will own a 20% working interest in both blocks, where licensing of the new 3D seismic and associated exploration activities are planned.QatarEnergy has entered into two Production Sharing Contracts for Blocks 6 & 8 offshore the Republic of
LNG
09-05-2023

Australian LNG Producers Rise After More Favourable Petroleum Tax Change
Shares of Australian liquefied natural gas (LNG) producers rose after the government adopted more favourable-than-expected changes to petroleum tax, ensuring the load was shared across the industry and did not impact growth projects.Woodside Energy Group,
Oil Field
09-05-2023

Iraq to Sign Investment Contract With Totalenergies for Flare Gas Recovery Project, Launches New Hydrocarbon Exploration Licensing Round
The project aims to recover 600 million cubic feet of gas currently being flared in oil fields located in Basra, IraqIraq’s Oil Minister, Hayan Abdul Ghani, announced that the country will sign an investment contract with France’s Tota
Oil Price
09-05-2023

Oil Prices Surge as Economic Slowdown Fears Ease
Strong US jobs report last week allayed concerns of a recession in world's largest economyA sign posted on the window of a business looking to hire workers in Miami, Florida. Employers in the US hired more workers in April. AFPOil prices surged on
Crude Oil
08-05-2023

Adnoc to Supply Full Crude Volumes to Asian Buyers in July
The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from the previous month, trade sources said.But Adnoc has informed the term buyers that it will loa
Oil Field
08-05-2023

Ithaca, Shell UK Sign Agreement on Cambo Oil Field Stake Sale
Ithaca Energy said it signed an agreement with Shell UK to market the oil major's 30 per cent stake in the Cambo oil prospect in the British North Sea.The deal provides an option for Shell to sell any remaining portion of its own stake, which is n
Gas Turbine
08-05-2023

Norway Plans Wider Gas Transport Nationalisation
Norway's plan to nationalise gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed.In a su
Natural Gas
08-05-2023

GWC Energy Created to Bolster Global Oil and Gas Industry
Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al ThaniQatar’s logistics leader, GWC Group has floated a new subsidiary, GWC Energy, which is set to become the preferred choice for energy projects across the globe.GWC Energy will deliver solution
Natural Gas
08-05-2023

Middle East Natural Gas Output to Rise More Than 19 per Cent by 2030, Wood Mackenzie Says
Rising exports from the region will have a 'game-changing' effect on global gas markets, consultancy saysIn February, Adnoc delivered the first LNG cargo from the Middle East to Brunsbuttel Port in Germany. Photo: AdnocThe Middle East is e
Natural Gas
08-05-2023

European Natural Gas Prices Fall to 21-Month Low on Record Imports and Rising Stocks
Higher temperatures in the coming few weeks will have limited impact on LNG prices, Rystad Energy saysA regasification ship receives a consignment of gas in the German port town of Wilhelmshaven. ReutersEuropean natural gas prices have fallen to their low
Oil&Gas Drilling
08-05-2023

Israel’s Newmed Energy and Partners Begin Drilling at Aphrodite Gas Field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
LNG
08-05-2023

ADNOC to Proceed Low-Carbon Lng Growth Project in Al Ruwais Industrial City
Through its planned LNG growth project, ADNOC intends to more than double its LNG production capacity to meet increased global demand for natural gasADNOC to proceed low-carbon LNG growth project in Al Ruwais Industrial City. (Credit: ADNOC Group)As part
Oil Price
08-05-2023

Canadian Natural Resources Misses First-Quarter Profit Estimates on Lower Oil Prices
Pipelines at Canadian Natural Resources Ltd.'s Primrose Lake oil sands project near Cold Lake, Alta. PHOTO BY REUTERS/DAN RIEDLHUBER/FILE PHOTOCanadian Natural Resources Ltd. narrowly missed analysts’ estimates for first-quarter profit o
Oil Price
08-05-2023

Oil Prices Inch up as Recession Fears Begin to Fade
By Sudarshan VaradhanSINGAPORE (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, began to recede.Brent crude futures
Crude Oil
08-05-2023

Oil Prices Inch up as Recession Fears Begin to Fade
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/SINGAPORE, May 8 (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recess
LNG
06-05-2023

LNG Canada Project in Kitimat More Than 80% Complete
The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation.Courtesy of LNG CanadaThe delivery was announced by LNG Canada in a s
LNG
06-05-2023

Brittany Ferries Unveils Name of Its New LNG-Battery Hybrid Ferry
Brittany Ferries has revealed the name of its forthcoming ship, which will be able to run on liquefied natural gas (LNG), on battery power, or on a combination of the two in hybrid mode.Brittany FerriesAs disclosed, the new eco-friendly ferry will be name
LNG
06-05-2023

HJSC Rolls Out New LR-Approved LNG Bunkering Vessel Design
South Korean shipbuilder HJ Shipbuilding & Construction (HJSC, formerly Hanjin Heavy Industries & Construction) has developed a new LNG bunkering vessel for which it also obtained approval in principle (AiP) from classification society Lloyd&r
LNG
06-05-2023

LNG-Powered Icon of the Seas Gearing Up for Sea Trials
Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel, is scheduled to commence sea trials in mid-June.Courtesy of Meyer TurkuAccording to Meyer Turku, the shipbuilder of what is expected to be the world’s l
LNG Carrier
06-05-2023

HGK Shipping Signs Mou on Hydrogen Tech, Christens New Chemical Tankers
HGK Shipping, Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) with the goal to develop a scalable solution to make hydrogen available as a source of energy on a large scale.Courtesy of HGK Ship
Oil Price
05-05-2023

Oil Prices Fall on Demand Concerns
Crude oil futures prices dropped on Monday due to concerns over demand and strength in the U.S. dollar.The West Texas Intermediate (WTI) for June delivery decreased by 1.12 U.S. dollars, or 1.46 percent, to settle at 75.66 dollars a barrel on the New York
LNG
05-05-2023

SMPC to Branch Out to LNG
Amid the mounting environmental, social, and governmental (ESG) pressures, Semirara Mining and Power Corporation (SMPC), known as the Philippines’ largest coal producer, is expanding its energy production business by venturing into liquefied nat
Oil Field
05-05-2023

Saipem Authorized by Exxonmobil to Proceed With Oilfield Project Offshore Guyana
(WO)– Saipem has received authorization to proceed with the final phase of the Uaru oilfield development project in Guyana from ExxonMobil Guyana and its Stabroek block coventurers.Saipem employee working on the Uaru oilfield offshore GuyanaIn 2
LNG
05-05-2023

Adnoc’s Low-Carbon LNG Growth Project to Move Forward in Al Ruwaisadnoc’s Growth Project to Move Forward in Al Ruwais
UAE’s Abu Dhabi National Oil Company (ADNOC) has decided that its low-carbon LNG growth project will move forward in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi.Image by ADNOCADNOC announced the decision on 2 May as part of the design p
Energy Safety
05-05-2023

Exxon, Guyana’s Environmental Agency in Breach of Oil-Spill Insurance
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled, a decision the government rejected.Exxon "engaged in a disingenuous a

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