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Crude Oil
Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves
Azerbaijan says it has proven an oil deposit in the Caspian Sea is commercially viable, offering a small psychological boost as the country’s oil-based econo…
Oil & Gas Trade
Oil’s Demand Plunge Doing More Damage than The Price War
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cut…
Oil & Gas Trade
Energean Secures Gas Prices for 70% of Output
Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry.
Oil & Gas Trade
Papua New Guinea LNG Sells Cargo at $4/MmBtu
ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.
Oil Price
Oil Prices Can Go as Low as $20 Per Barrel, Level Not Sustainable for Any Country
Starting in April, major oil producers are planning a big increase in production.
Oil & Gas Trade
Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr
Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.
Crude Oil
US to Top Up Strategic Oil Reserve With 77 Mln Barrels
The Trump administration cancelled plans to sell off a portion of the country's emergency oil reserves earlier this month as OPEC+'s failure to reach an agreeme…
CCGT
Mitsubishi Hitachi Power Systems Wins 1950 MW Power Upgrade
Project will incorporate three 1650℃ MHPS M701JAC-type GTCC power generating facilities
Oil Price
The Price War Could Kill The UK's Oil Industry
The UK’s oil and gas industry has called on the government to help the sector as it faces three separate challenges, that could see production plummet.
Oil Price
US Seeks $3 Billion to Boost Oil Producers as Prices Plunge
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…
Requirement of 01 no. 250 kva diesel & gas (dual function) genset
Tenders are invited for Requirement of 01 no. 250 kva diesel & gas (dual function) genset.
Oil Price
Oil Price Won’t Impact Renewable Strategies Says IRENA Director-General
The turmoil in the oil market is unlikely to have a major impact on renewable energy plans and investment.
Oil & Gas Trade
PetroVietnam Says Considers Stockpiling Oil Amid Low Prices
Vietnam Oil and Gas Group, known as PetroVietnam, said on Wednesday it was considering stockpiling crude oil amid low prices while exploring measures to cope wi…
Oil Price
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…
Gas Turbine
Moteurs Baudouin Releasing First Natural Gas Engine Line
Moteurs Baudouin, which has built diesel engines for the marine and power generation markets for 100 years, said it will release its first engine range powered …
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