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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
Natural Gas
17-01-2023
Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK.Enagás
Qatar
17-01-2023
Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine.The European Union’s rejection of Russian energy commodities follow
Energy Security
16-01-2023
Quick Fix Completed at Gas Pipeline Incident Site in Lithuania
Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames reaching about 50 metres in height, posted online by local residents, initially sparking s
Crude Oil
16-01-2023
Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal
Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Car Wash bribery scandal and instead been given stern warnings by Singapore&rsquo
Oil&Gas Drilling
16-01-2023
New Year Sees Rousing Start to Offshore Drilling Market
NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 floaters) for 38 rig years of work (30 jackups, 8 floaters).According to Evercore ISI&rsq
Oil Price
16-01-2023
Oil Prices Expected to Average Around $90 in 2023-2027
LONDON: Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to eighth annual survey of energy market professionals.Forecasts are mostly $4-$10 per barrel above predictions at the time of the 2022 survey,
Oil Refinery
16-01-2023
Fire Breaks Out at Pdv’s Cardon Refinery
A fire broke out today in the fluid catalytic cracking unit at Venezuela's Cardon refinery, the second major blaze at the site since late December.Operator state-owned PdV declined to comment on the status of the fire or operations, although a for
Natural Gas
16-01-2023
Natural Gas Is Not a Transition Fuel, It Is a Destination Fuel – Qatar Energy Minister
H.E. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President of QatarEnergy has said that natural gas is not a transition fuel as popularly claimed, but a destination fuel.He said this on Saturday, January 14, during th
Oil Price
15-01-2023
Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says
US energy envoy Amos Hochstein says the country will continue to use its strategic reserves to help resolve crises. Antonie Robertson / The NationalThe US released crude oil from its Strategic Petroleum Reserve to address the underlying crisis and not the
Oil & Gas Trade
15-01-2023
Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports
A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in Greece.The new unit in Alexandroupolis is planned to have 840 MW in capacity. It is expected t
Energy Security
14-01-2023
Lithuania-Latvia Gas Pipeline Hit by Explosion, Operator Says
A gas pipeline connecting Lithuania and Latvia, like the one seen here, has been hit by an explosion. Reuters.A gas pipeline connecting Lithuania and Latvia was hit by an explosion on Friday but there was no immediate evidence of an attack, Lithuanian gas
Africa Energy
13-01-2023
Mele Kyari Says Nigeria Can Hit 2.2 MB/D Crude Oil Production in 2023
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has said that the country can achieve a 2.2 million barrels per day crude oil production output in 2023.He stated this during the 13th Global United A
Oil Exploration
13-01-2023
2014-Built Multi-Purpose Support Vessel Getting Battery Hybrid System
DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server.DeepOcean is chartering the MPSV from Stavanger-based shipowner Simon Møkster Shipping, who
World Energy Outlook
13-01-2023
South America to Stay ‘Key Region for High-Impact Exploration’, Westwood Says in 2023 Outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil p
LNG
13-01-2023
Europe’s Scramble for Natural Gas Will Not Affect Renewable Energy Transition, Irena Says
Francesco La Camera, director general of Irena, at an event in Berlin. EPAThe transition to renewable energy will remain steady in the long-term even as European countries scramble to increase their natural gas imports, the director general of the Abu Dha
United States
13-01-2023
Oil Prices Rise After Surging 3% On China Recovery Optimism
Pump jacks at an oilfield in Texas. Oil futures gained despite a surprise rise in US crude stocks.Oil prices rose on Thursday after surging by about 3 per cent in the previous session amid increasing hopes of a rebound in fuel demand in China.Brent, the b
Oil Price
11-01-2023
Further Oil Stock Releases by Iea Member Countries ‘on the Table’
Further releases of oil stocks by International Energy Agency member countries are on the table in the event of market disruptions, the agency's chief energy economist said on Wednesday.In perspective, there are still substantial stocks available
Oil Price
11-01-2023
Oil Prices Fall on Us Crude Build-up and Recession Fears
The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wednesday amid a build-up in US crude stocks and growing fears of a global economic slowdown.Brent,
Natural Gas
10-01-2023
Germany's Natural Gas
Germany
09-01-2023
Challenges Remain Despite Gas Prices Drop in Europe
Photo taken on June 28, 2022 shows the site of the Midia natural gas development project in Vadu village on the Black Sea coast in southeastern Romania. [Photo/Xinhua]ROME - Helped by mild winter weather and high storage, prices for natural gas in the Eur
OPEC
09-01-2023
Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of Petrol
Energy Investment
09-01-2023
Qatarenergy, Us Giant Take Investment Decision on Massive $6 Billion Ras Laffan Complex
Qatari giant also awarded EPC contract for project's ethylene plant to pairing of Samsung Engineering and CTCIQatarEnergy and US giant Chevron Phillips Chemical have taken the final investment decision to build a massive petrochemical complex in Q
Natural Gas
09-01-2023
Conrad Awarded Indonesia Blocks With Development, Multi-Tcf Exploration Potential
Acreage offshore Aceh hosts existing gas discoveries awaiting exploitationAsia-focused independent Conrad Asia Energy has been awarded two new production sharing contracts offshore Indonesia, which offer fast-track development options for existing shallow
Oil Field
09-01-2023
Petronas Awards Banang Oilfield Prize
Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production, operations and maintenance services under the Technical Service Agreement for its Banang o
LNG
09-01-2023
LP Gas Price Increases for the First Time in 2023
The federal government published the maximum prices for LP gas for the second week of 2023.The Energy Regulatory Commission (CRE) announced the prices applicable to Liquefied Petroleum (LP) gas for the week of January 8 to 14, 2023 for the 201 regions int
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Most views from Oil & Gas
1
Top U.S. LNG Exports: China's Gas Demand Is Booming
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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
5
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'
