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Oil & Gas
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 Trade
28-02-2023
Benchmarking: Outlook for Demand, Global Balances Diverge
Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major forecasters surveyed here.Additional supply of hydrocarbon liquids will come to approximately 1.
Oil & Gas Trade
28-02-2023
Cornwall Insight Responds to the Announcement of the April Price Cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280 per year, nearly a £1,000 drop for a typical user c
Oil & Gas Supply
27-02-2023
Bass Oil (Asx:Bas) Predicts Higher Oil Production Rates From Workover Program at Worrier, South Australia
Bass Oil (BAS) expects an upcoming workover program to triple oil production rates at its Worrier field in the Cooper Basin of South AustraliaThe company has planned a workover program at its Worrier 8 and Worrier 11 wells which, upon completion, is antic
Oil&Gas Drilling
27-02-2023
Namibia’s Exploration Multi-Well Drilling Campaign Begins Amidst High Expectation
TotalEnergies’ move to direct $300 million – half of its 2023 budget – in exploring Namibian basins this yearAfrica-focused independent exploration company, Impact Oil & Gas has launched a multi-well drilling program offs
Oil & Gas Trade
27-02-2023
Venture Global Will Supply 2 MT/Year of US Lng to China Gas Holdings
The US LNG company Venture Global has signed two 20-year LNG supply agreements with the Chinese gas distributor China Gas Holdings totalling 2 Mt/year. Under the deals, China Gas will buy 1 Mt/year of LNG on a free-on-board (FOB) basis from the Plaquemine
Oil & Gas Trade
26-02-2023
European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says
The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank
Oil&Gas Drilling
25-02-2023
14% Increase in Offshore Drilling in North America Makes Usa’s Petroleum Liquid Feedstock Market Highly Important for the Economy
FMI anticipates that the global petroleum liquid feedstock market valuation could reach US$ 313 billion in 2023. As per the projection of the analysts, the market is likely to record a value of over US$ 474.1 billion by 2033, registering a CAGR of 4.2% be
Oil Exploration
24-02-2023
Guyana to Award Oil, Gas Blocks to Indian Companies
Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said.The South American nation, home to one of the largest oil discoveries of the last decade, has also offered 14 o
LNG
24-02-2023
Cheniere Starts Permitting Process for Sabine Pass LNG Expansion
Cheniere Energy Partners, a subsidiary of Cheniere Energy, has initiated permitting process for the expansion of LNG export capacity at the Sabine Pass terminal located in Cameron Parish, Louisiana.Cheniere announced on 23 February that the pre-filing rev
Oil Price
24-02-2023
Oil Edges up on Hope of China Demand Revival
Oil prices edged up, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand.Investors in energy markets are weighing the prospects for China's reviving deman
Market Analysis
23-02-2023
Why the U.S.a Dominates the Shale Gas Processing Equipment Market in North American Region, With Expected Market Size Reaching Upto $13 Billion in 2027
Shale Gas Processing Equipment Market OverviewShale gas processing equipment are used to process shale gas before transportation. Gas is transported through pipelines within the state as well as across states. To prepare shale gas for use, some of the com
LNG
23-02-2023
Latvian Government Rejects Terms for Skulte LNG
The Latvian government on Tuesday rejected a proposal by the developer of the planned Skulte LNG terminal for state support, leaving the project's future uncertain.Skulte LNG had told the government that it had found an investor willing to take on
Oil Pipeline
23-02-2023
Ecuador Halts Sote, Ocp Oil Lines After Landslide
State-owned PetroEcuador and private consortium OCP Ecuador stopped operations on the country's two major crude pipelines today as a preventative measure because of a landslide in the Amazonian province of Napo.The landslide caused a bridge that r
Oil Price
23-02-2023
Oil Steadies Amid Concerns of Further Interest Rate Raises
Russia could extend output cuts depending on market situation, Deputy Prime Minister says
LNG
22-02-2023
Germany and Belgium to Increase Energy Links With Three New Projects
Image: Belgian Prime minister Alexander De Croo (r) and German chancellor Olaf Scholz (l) meet at the Belgian-German Energy Summit to set priorities on energy cooperation and ensure their implementation (courtesy of Belga)Online agency Clean Energy Wire r
Oil&Gas Drilling
22-02-2023
Valaris Awarded 330-Day Contract Extention by Shell Nigeria for Valaris Ds-10
Valaris has been awarded a 330-day priced option exercised by Shell Nigeria Exploration and Production Company (SNEPCo) offshore Nigeria for drillship VALARIS DS-10. Following the exercise of this option, the rig is under contract through March 2024. The
Oil Pipeline
22-02-2023
TotalEnergies awards TechnipFMC subsea contract offshore Africa worth up to $250 million
TechnipFMC has been awarded a significant contract to supply flexible pipe and associated hardware for the first subsea life extension project by TotalEnergies EP Angola and its Block 17 Partners in West Africa. According to a brief statement, the contrac
Energy Security
22-02-2023
Suncor Gives All-Clear After Incident at Its Commerce City Refinery in Colorado
CALGARY — Suncor Energy Inc. has given the all-clear after responding to a vapor leak at its Commerce City refinery in Colorado.The Calgary-based energy company issued an alert for local residents Tuesday morning, in which it said those nearby may have he
Energy Security
22-02-2023
‘No Excuse’: IEA Tells Fossil Fuel Industry Over Methane Leaks
California Governor Brown on 6 January 2016 declared state of emergency over a gas leak at Porter Ranch storage field, more than two months after the leak stated. The massive methane gas leak had forced people from their homes. [EPA/IRFAN KHAN / POOL]The
LNG
21-02-2023
Perenco Achieves Fid for Gabon LNG Facility
Independent oil and gas company, Perenco, has announced that it has taken a final investment decision for a 700,000-ton Liquefied Natural Gas facility in Gabon, signaling new opportunities for fuel security in Africa, as well as serve to enhance Perenco&a
Natural Gas
21-02-2023
Armour Signs Gas Supply Heads of Agreement
The HOA contemplates the sale of gas produced from the Glyde Field from production startup (mid-CY2025) for 14 years through to the end of CY2039 providing fuel to support the development of the Merlin Diamond Project which is currently undergoing a feasi
Natural Gas
21-02-2023
Market Insights on Coal Bed Methane Covering Up-To-Date Key Trends
The coal bed methane market size is anticipated to rise from US$ 18.72 Bn in 2022, and it is anticipated to surpass US$ 30.78 Bn by 2032. The demand for coal bed methane is expected to increase at a CAGR of 5.10% during the forecast period.The growth is a
Natural Gas
20-02-2023
SENEGAL: Dakar turns to gas and inaugurates a power plant in Malicounda
The 120 MW Malicounda power plant, built under a public-private partnership (PPP), was recently inaugurated. Its construction is part of the Senegalese authorities' desire to adopt natural gas as a transitional energy source.A few days ago, the Pr
Oil & Gas Trade
20-02-2023
GLOBAL MARKET FOR OILFIELD SERVICES CONTRACTORS TO REACH $1 TRILLION IN 2025
(Source: Rystad Energy – Image: Frack operation in the Permian Basin/Lorne Matalon)Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafte
Coal Mine
20-02-2023
Rystad Energy: Fossil Fuel Emissions to Peak Within Two Years
The inflection point for fossil fuel carbon dioxide (CO2) emissions is nigh, with emissions on track to peak by 2025, according to Rystad Energy research and analysis. On the current global pathway of announced policies, projects, industry trends and expe
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