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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
LNG
11-04-2023
FCC Debuts LNG-Powered Tanker Fairchem Pioneer
Fairfield Chemical Carriers (FCC), a US operator specialising in chemical tankers, has launched the Fairchem Pioneer, its first LNG-powered stainless steel chemical tanker.Courtesy of Fairfield Chemical CarriersThe LNG dual-fueled (DF) vessel, jointly dev
LNG
11-04-2023
BwWs FSRU Gearing Up to Serve First Gen’s Batangas LNG Terminal
BW Batangas, a floating storage and regasification unit (FSRU) owned by BW LNG, is getting ready to start its deployment with First Gen Corporation’s Batangas LNG import terminal in the Philippines.Archive. Courtesy of BW LNGAccording to a socia
LNG Carrier
11-04-2023
Nakilat’s LNG Carrier in Its First Commercial STS LNG Transfer With BW Helios
Global Energy, an LNG carrier owned by Qatari LNG shipping operator Nakilat, has wrapped up its first commercial ship-to-ship transfer of LNG.Global Energy; Archive. Courtesy of NakilatIn a brief social media update on 10 April, Nakilat said that Global E
Energy Saving Products
11-04-2023
New Edge-Series Ship Leads the Industry in Fuel Flexibility
Wärtsilä will supply the engines for Celebrity Cruises’ new ship, the fifth vessel in the company’s revolutionary Edge Series.Close collaboration between between Royal Caribbean Group (RCG), the Chantiers de l&rsq
LNG
11-04-2023
The FLNG Market to Recover With a $35BN EPC Contract Value
The Prelude floating liquefaction natural gas (FLNG) unit's final investment decision (FID), announced by Shell in May 2011, was intended to mark the beginning of an era. A period that would bring about the affordable development of stranded gas f
Oil&Gas Drilling
11-04-2023
GCC Drilling Rig Supply to Increase by 11PC Between 2023- 2027
The first quarter of 2023 has continued the trend of land rigs from the latter stages of 2022, with utilisation remaining high in the US and Gulf Cooperation Council (GCC) countries. The GCC in particular has seen strong demand, with an average rig utilis
Oil Exploration
11-04-2023
Pemex Por Confirmar Más de 200 Mmbpce en Tupilco
El director general de Pemex informó que el pozo delimitador Tupilco 1DEL está por confirmar más de 200 millones de barriles de petróleo en el yacimiento.El director general de Petróleos Mexicanos (Pe
Hydrogen Project
10-04-2023
Hydrogen vs Oil and Gas: Comparing Energy Sources
Ever wondered about the differences between hydrogen fuel and oil and gas? Well, you’re in luck because that’s exactly what we’re going to chat about today. As our world continues to evolve, we need to explore cleaner and mor
Oil Exploration
10-04-2023
DNO Ready to Deploy Well Intervention Vessel at North Sea Field
Norwegian oil and gas company DNO has received consent from the country’s offshore safety regulator to use one of Island Offshore’s mobile offshore units (MOU) for work on a field offshore Norway.Island Constructor vessel; Source: Isla
LNG Carrier
10-04-2023
Race Against Time Begins as Euronav’s Former VLCC Heads to Decaying Fso Safer to Prevent Catastrophic Oil Spill
A very large crude carrier the Nautica, bought last month by the UN Development Programme (UNDP) from Euronav, as part of UNDP’s coordinated operation to remove oil from decaying FSO Safer, has set sail from Zhoushan, China heading for the Red S
Oil Exploration
10-04-2023
Greenlight for vår Energi to Put Floatel Unit to Work at North Sea Field
Norwegian offshore safety regulator has given Vår Energi consent to deploy one of Floatel’s semi-submersible support vessels at a field in the North Sea off Norway.Floatel Superior; Source: FloatelThe Petroleum Safety Authority Norway
Oil & Gas Supply
10-04-2023
India Revises Gas Pricing Mechanism With Link to Crude
India has approved a revised natural gas pricing mechanism under which domestically produced gas will be benchmarked to 10pc of global crude prices and revised every month, effective from 8 April.The new pricing formula includes a floor price set at $4/mn
Oil & Gas Trade
10-04-2023
Oil Posts Third Weekly Gain After OPEC+ Cuts and Inventory Declines
An oil tanker at the Sheskharis complex in Russia. The country has extended its 500,000 bpd cut until the end of the year. AFPOil posted a third weekly gain after Opec+ and its allies surprised the market last weekend with production cuts and US inventori
Oil & Gas Supply
07-04-2023
Western Curbs on Russian Oil Products Redraw Global Shipping Map
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the Europe
LNG
07-04-2023
Tellurian Strikes $1 Bil Deal to Sell and Lease Back Land for Driftwood LNG Project
US developer Tellurian said it has signed a $1 billion sale and leaseback deal for the 800-acre property where it is developing its proposed Driftwood LNG terminal in Lake Charles, Louisiana, as part of the company's efforts to secure the financin
Oil&Gas Drilling
07-04-2023
Aker BP Gearing Up to Spin the Drill Bit off Norway
Norwegian oil and gas player Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the Norwegian Sea. The drilling work is expected to be carried out using one of Saipem’s rigs.Scarabeo 8 rig;
Oil&Gas Drilling
07-04-2023
Halliburton Backs Repsol With Well Construction Suite
Spanish oil company Repsol has implemented a well construction solution from Halliburton in order to automate and streamline its well design process.Illustration; Source: HalliburtonAccording to Halliburton, the Landmark DecisionSpace 365 Well Constructio
Oil Pipeline
06-04-2023
NCDMB Performs Groundbreaking of Pipe Manufacturing Plant at Polaku
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has performed the groundbreaking ceremony of a pipe manufacturing plant at Polaku Bayelsa State, being promoted by AS Energies Limited. The plant
Natural Gas
06-04-2023
IDC to Fund Kinetiko-Afro Energy JV for South Africa Gas Development
Australian firm Kinetiko Energy has announced that the Industrial Development Corporation of South Africa (IDC) has advanced R16,300,000 as part of its R70,000,000 commitment into its joint venture with Afro Energy, the proposed 100% subsidiary of Kinetik
Natural Gas
06-04-2023
Totalenergies and the Iraqi Government Make Plans to Move Forward With Gas Growth Integrated Project
While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have, through exchanges in the past months, including in four occasions between Prime Minister Al-Sudani and Chairman &
Market Analysis
06-04-2023
GECF Unveils 4th Annual Gas Market Report
Doha, QATAR – 5 April 2023: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (AGMR). The Report provides an in-depth analysis of natural gas markets, covering recent
Energy Investment
06-04-2023
Expending Business in Romania Oil Dynamics Wins Tender With OWV Petrom
OMV Petrom SA and Oil Dynamics GmbH have recently signed a five-year supply and service agreement for the provision of Electric Submersible Progressive Cavity Pumps (ESPCP) in Romania.In order to carry out the contract in the well-known Oil Dynamics quali
Oil&Gas Drilling
05-04-2023
2nd Asset Integrity Management Conference
We are thrilled to announce that the 2nd Asset Integrity Management Conference - Qatar will be hosted by Cogent Event Management Solutions on May 23-24, 2023 in Doha, Qatar. The conference promises to bring together industry leaders and professionals to e
Oil Exploration
04-04-2023
Fresh Batch of Offshore Contracts Brings Saipem $650 Million
Italian oilfield services provider Saipem has been awarded three new offshore engineering, procurement, construction and installation (EPCI) contracts and two front-end engineering design (FEED) competition deals, totalling approximately $650 million.Saip
LNG
04-04-2023
BAKER HUGHES RECEIVES MAJOR LNG ORDER FROM QATARENERGY
Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of
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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'
