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Oil & Gas Trade
Petronas Divests Entire Interest in Engen
Petronas has reached an agreement to sell its entire 74 percent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and p…
Oil&Gas Drilling
BP Conducts New Drilling Operation in Azerbaijan for First Time
In 2022, bp spent about $470m in operating expenditure and $1.6bn in capital expenditure on ACG activities, Azernews reports, citing a bp press release.During t…
Oil Price
Producers See Oil Rebound to $100 a Barrel
A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia. — ReutersLOND…
Oil Price
Russia proposes caps on oil export discounts -draft law
Image used for illustrative purpose only. A view shows a local oil refinery in Omsk, Russia June 6, 2022. Picture taken June 6, 2022. REUTERS/Alexey Malgavko Im…
Oil Exploration
Egypt Plans 3 Tenders for Oil and Gas Exploration, Production in 2023 -Minister
Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.Reuters Images/Nasser NuriEgypt plans to offer three international t…
Oil Price
Oil Prices Rise Over 2% On Russian Plan to Cut Output
Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…
LNG
Seaside LNG Becomes Largest Owner of LNG Barges in US
Seaside LNG has acquired the liquefied natural gas fueling barge Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group.Seaside now …
Oil Pipeline
USA EIA Reveals Latest Gasoline and Diesel Price Forecasts
The U.S. Energy Information Administration (EIA) has revealed its latest gasoline and diesel price forecasts for 2023 and 2024 in its February short term energy…
Market Analysis
North America Dominates the Global Shale Oil Market by Producing 50% Of the Total Market for Shale Oil; Learn About Market Drivers & Restraints.
The current market is growing at a moderate pace by registering a healthy CAGR during the foreseen time. The rising consumption of shale oil and growing end-use…
Oil and Gas Equipment
Petrogas Picks Umbilicals Provider for North Sea Gas Fields
JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Ne…
Oil Price
Oil Prices Steady as Build-up in Us Crude Stocks Eases Supply Fears
Workers on an oil drilling rig in Stanton, Texas. US crude stocks increased by 2.4 million barrels last week, the US Energy Information Administration said. AFP…
Oil & Gas Trade
Dana Gas Reports 53% Rise in 2022 Adjusted Net Profit on Higher Oil Prices
The Khor Mor gas complex, operated by Crescent and Dana Gas, in the Kurdistan Region of Iraq. Photo: Crescent PetroleumDana Gas, one of the largest private natu…
Oil & Gas Trade
What Would War-End Mean for Global Oil and Gas?
The end of the war in Ukraine would reduce pressure on Western governments to continue expanding sanctions on Russia’s oil and gas sector.That’s acc…
Oil & Gas Trade
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 …
Oil & Gas Trade
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 po…
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