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Oil Field
Energean Proposes $500MM Carbon Storage Facility in Northern Greece
Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Pr…
Oil Exploration
Seven Oil Players Apply for Production Licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …
LNG
Global LNG Demand Expected to Almost Double by 2040
Global liquefied natural gas demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.
Crude Oil
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Crude Oil
OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
LNG
Thailand’s January LNG Imports Fall to Three-Year Low
Thailand's LNG imports hit a three-year low in January, with no receipts from its usual suppliers Australia and Malaysia, even as one of its biggest importers Q…
Oil Field
Equinor to Shut Down Veslefrikk Field after 30 Years
After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor and its partners in the Veslefrikk field, located in the North Sea, a…
Oil&Gas Drilling
Petronas Hits Oil Offshore Indonesia
Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, off…
Natural Gas
Turboden and Siemens Energy Upgrade Gas Compressor Station in Egypt
Turboden, a Mitsubishi Heavy Industries Group company, has been selected to supply a high-temperature Organic Rankine Cycle system to GASCO’s Dahshour gas comp…
Saudi Arabia
Long-Serving Saudi Oil Minister Ahmed Zaki Yamani Dies at 90
Saudi state television reported his death, without offering a cause. It said he would be buried in the Muslim holy city of Mecca
Video: China Discovers Over 100 million tonnes of Oil, Gas Reserves in Bohai Bay
China Discovers Over 100 million tonnes of Oil, Gas Reserves in Bohai Bay
Natural Gas
Israel and Egypt Discuss Natural Gas Pipeline Link
Egypt and Israel said they may build an undersea natural-gas pipeline connecting the two countries, as they seek to collaborate on exporting the fuel to Europe.
Oil Pipeline
Republicans Sound Alarm Over Major U-Turn by Biden Admin on Russia-to-Europe Gas Pipeline
The report to Congress named two enterprises previously sanctioned by the Trump administration — the Russian pipe-laying ship ‘Fortuna’ and its owner KVT-RUS…
Oil & Gas Trade
Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…
Oil Exploration
Shell Delays US Offshore Production Start ups
Shell has delayed the startup of the PowerNap and Vito deepwater projects in the US Gulf of Mexico because of Covid-19-related issues.
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