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LNG
First LNG Project in Western Pacific Goes Offline as Black Smoke Billows Out
An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei Darussalam, which is cons…
LNG Carrier
WinGD Powering Lng-Hybrid Vessels
The new car carriers for NYK will feature emissions reduction technology, energy management and digital optimization solutions from WinGD. (Image: WinGD)NYK Lin…
Oil & Gas Supply
Growth in Global Oil Demand Is Set to Slow Significantly by 2028
New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemical…
Oil&Gas Drilling
Totalenergies Announces Oil, Gas Discovery Offshore Nigeria
TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria.The company, in a statement published on its website, said the we…
Gas Turbine
Russia Says Construction of Gas Hub in Türkiye Can Help Solve Global Energy Crisis
Russian Foreign Minister Sergey Lavrov says food crisis can be resolved through grain exports to poorest countries under Black Sea Grain InitiativeRussian Forei…
Oil Price
China Cut the Retail Prices of Gasoline and Diesel From Wednesday, the 6th Cut This Year
China cut the retail prices of gasoline and diesel, effective today, Wednesday, 14 June 2023.This is the sixth cut (so far) this yearGasoline and diesel prices …
Oil & Gas Supply
UK Enriches Its Gas Arsenal as Another North Sea Well Comes Online
UK-headquartered IOG plc has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea, boosting the UK ener…
Crude Oil
As Profit From Renewables Dwindle, Shell Returns to Crude Oil
Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence…
Crude Oil
UNSC: Russia Resumed Refined Oil Exports to N. Korea in December
Photo : YONHAP NewsRussia officially resumed oil product exports to North Korea in December of last year after a hiatus of over two years.According to the UN Se…
Biofuel
USDA Maintains Forecast for Soybean Oil Use in Biofuel Production
The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, r…
Oil Price
US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions
The Bryan Mound Strategic Petroleum Reserve facility at Freeport, Texas. The US Department of Energy says the reserve system has a 'long history of protecti…
LNG Carrier
Spanish Government Greenlights El Musel Lng Terminal Start-up
El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the…
Oil&Gas Drilling
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut
BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about…
Oil Exploration
Pennsylvania Expects $400 Million in Infrastructure Funds to Begin Plugging Thousands of Abandoned Oil Wells
One scientist studying toxic emissions from the wells called the amount “woefully inadequate” in a state where officials say there are probably 250,000 such a…
LNG
LX International Enters LNG Terminal Business
South Korean commodity trading and mining company LX International has announced it will partner with POSCO International to build LNG storage tanks and facilit…
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