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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
08-02-2023
India Will Buy Oil From ‘Wherever We Have to’ if Terms Are Beneficial, Energy Minister Says
India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister told CNBC.India is the third largest oil consumer in the world, and according to Hardeep Singh Puri, accounts for 30% of global consumption.Today we
Oil & Gas Trade
08-02-2023
BP Posts Record Profit and Raises Dividend on Oil Price Boost
Fuel prices at a BP filling station in Liverpool. BP will invest up to $1 billion a year in 'high quality' oil and gas projects. PAOil company BP has posted a record profit of $28 billion for 2022 on higher energy prices and raised its div
Oil & Gas Trade
08-02-2023
Turkey’s Ceyhan Oil Port Disrupted by Weather as Earthquake Damage Assessed
Adverse weather conditions are obstructing loading operations at Turkey’s Ceyhan port, where the impact of Monday’s immense twin earthquakes is still being assessed, according to oil traders and shipping sources.Operations were interru
Oil Price
08-02-2023
Oil Prices Steady Amid Prospects of Fuel Demand Rebound in China
Global oil demand is set to surge to record levels this year as China's economy recovers. GettyOil prices were steady in morning trade on Monday as the prospects of a rebound in fuel demand in China offset concerns about a recession.Brent, the ben
Oil Price
08-02-2023
Oil Prices Rise Amid Signs of Tightening Demand
Traders at the New York Stock Exchange. Analysts expect the price cap on Russian refined product exports to have a bigger impact on global crude flows than the price cap on its crude. GettyOil prices rose in morning trade on Tuesday amid signs that China&
Oil Pipeline
07-02-2023
Ajaokuta-Kaduna-Kano (AKK) gas pipeline in Nigeria
Developed by the Nigerian National Petroleum Corporation (NNPC), the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project entails the construction of a 614km-long natural gas pipeline from the Ajaokuta terminal gas station (TGS) in the Kogi state in the southe
Oil & Gas Supply
06-02-2023
Gas Supply Secured for Peak Power Demand: Rk Singh
Fuel supply for gas-based power plants has been secured for the anticipated peak demand, Power Minister RK Singh said on Sunday. If needed, section 11 of the Electricity Act, may be invoked in 15-20 days, Singh told ET in an interview on the sidelines of
Oil & Gas Trade
06-02-2023
Energy Workforce & Technology Council: Oilfield Services Employment Highest Since March 2020
(WO) — Employment in the U.S. oilfield services and equipment sector rose by an estimated 3,069 jobs to 652,090 in January, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to December numbers and analysis by the E
Natural Gas
04-02-2023
Russia’s Natural Gas Production Fell by More Than 13% In 2022
Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat. Associated petroleum gas production in 2022 also decreased (-2%). However, LNG production gre
Oil & Gas Trade
04-02-2023
Shell and Conocophillips More Than Doubled Their Earnings in 2022
The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 earnings (US$19bn). Shell’s previous profit record was in 2008 (US$31bn). Shell&rsq
United States
03-02-2023
FMI's Analyst Views on the rising oil recovery market and its Technological Trends | Future Market Insights Inc.
Enhanced oil recovery market share is anticipated to rise due to the growing adoption of enhanced oil recovery by the oil & gas sector during the forecast period. The key manufacturers are adding new technologies to improve the efficiency of enhanced
Nord Stream
03-02-2023
United States Involved in Nord Stream Explosions: Russian FM
TEHRAN, Feb. 02 (MNA) – Russian Foreign Minister Sergei Lavrov on Thursday said the United States was directly involved in explosions that severely damaged the Nord Stream gas pipelines under the Baltic Sea last year.Russian President Vladimir P
Crude Oil
02-02-2023
OPEC+ Agrees to Stick to Oil Output Targets Amid Improving China Outlook
Opec's headquarters in Vienna. APThe Opec+ alliance of 23 oil-producing countries has agreed to roll over its existing oil output cuts as the fuel demand outlook in China — the world’s second-largest economy and top crude importer — impr
LNG
01-02-2023
LNG Floating Terminal Will Supply New 840-Mw Gas-Fired Plant in Greece
A joint venture featuring three energy companies is developing an 840-MW natural gas-fired power plant at the Aegean port of Alexandroupolis, Greece. The plant will be linked to the liquefied natural gas (LNG) floating terminal at the port. It is expected
LNG
01-02-2023
Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC
Singapore, 31 January 2023 – Mayer Brown advised Itochu Corporation in connection with a 15-year Liquified Natural Gas (LNG) sale and purchase agreement with Rio Grande LNG LLC. Under this agreement, Itochu will purchase one metric tons per annu
LNG
31-01-2023
Wärtsilä Supplying LNG Container Ships
Kota Capar, one of Pacific International Lines's container vessels. (Image: Pacific International Line)Wärtsilä will supply systems for four new 8200 TEU liquefied natural gas (LNG) dual-fuel container ships being built for Singa
United States
31-01-2023
Court Suspends RFS Obligations for 2 Small Refineries
The U.S. Court of Appeals for the Fifth Circuit on Jan. 27 suspended Renewable Fuel Standard compliance obligations for two refineries that were denied small refinery exemptions (SREs) by the U.S. EPA last year.The San Antonio Refinery LLC (TSAR) and Calu
Oil & Gas Trade
31-01-2023
EU Ramps up Non-Russian Diesel Imports Ahead of Embargo
EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil products.The EU received around 146,000 t/d from non-Russian sources in the week to 29 January
Oil & Gas Trade
31-01-2023
Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal
Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, saying the agreement violates the law and was done without its approval.The deal, whi
Oil & Gas Technology
31-01-2023
Gastech 2023 - Shaping the future of energy
Gastech is at the heart of the natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies conversationA landmark event in the energy industry’s calendar, Gastech 2023 is the world’s largest meeting place for the gas, LN
Oil and Gas Equipment
31-01-2023
Strengthening activities in North Africa
Successfully pumping in Algeria. Further projects in realization.This month, Oil Dynamics GmbH completed one year of a trouble-free operation with its first pumping systems in Algeria. The German-based pump specialist is looking forward to commissioning m
Natural Gas
30-01-2023
7th Edition Gecf Global Gas Outlook 2050 Launched
Doha, QATAR – 29 January 2023: The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of the GECF, HE Gabriel M. Obiang Lima, Minister of
LNG
30-01-2023
LNG Has ‘Much Bigger’ Trucking Potential Than CNG
Liquefied natural gas (LNG) has much bigger potential than Compressed Natural Gas (CNG) for regional and long-haul trucking, according to Lars Mårtensson, Director of Environment & Innovation at Volvo Trucks.Speaking at the gasworld LNG: Wha
Oil Price
30-01-2023
Gasoline Price More Expensive Than Year Ago Levels
The price of regular gasoline in the U.S. is more expensive than year ago levels.The price of regular gasoline in the U.S. is more expensive than year ago levels, according to data from the U.S. Energy Information Administration (EIA), AAA Gas Prices, and
LNG
29-01-2023
CNG Africa - Tanzania 2023
TANZANIA CNG ASSOCIATIONBe a part of Africa’s significant footstep towards sustainability by attending CNG Africa as there will be an official formation of Tanzania CNG Association; an association of Tanzania CNG key stakeholders with an objecti
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Most views from Oil & Gas
1
Top U.S. LNG Exports: China's Gas Demand Is Booming
2
Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal
3
TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
4
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
6
U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
