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Oil & Gas Trade
BP Profit Slides by 40% as Refinery Outage Offsets Higher Output
BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage off…
Natural Gas
Totalenergies and Vanguard Renewables, a Portfolio Company of Blackrock's Diversified Infrastructure Business, Join Forces to Develop Renewable Natural Gas in the United States
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portf…
LNG
Egypt to Ramp up LNG Imports as Output Drops and Summer Nears
Egypt is expected to ramp up liquefied natural gas (LNG) imports as its own natural gas production falls and power demand climbs over the summer period, accordi…
Green Hydrogen
Sparc Technologies Advances Green Hydrogen Production
Sparc Technologies Ltd has announced the successful test of their second-generation photocatalytic water splitting (PWS) reactor for hydrogen gas production at …
Oil&Gas Drilling
US Natgas Output to Decline in 2024 While Demand Rises to Record High, EIA Says
A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, 2019. Picture taken February 10, 2019. REUT…
Oil&Gas Drilling
Sinopec Starts Natgas Production at 2bcm per Year at Sichuan Gas Field
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July …
Oil&Gas Drilling
Dutch Lawmakers Indicate Support to Permanently Shutter Groningen Gas Wells
A majority in the Dutch parliament said on Wednesday they would back a proposal to permanently seal off gas production wells at the Dutch Groningen field in a v…
Oil Price
Record US Oil and Gas Production Keeps Prices Under Pressure
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…
Oil&Gas Drilling
Mubadala Working on Expanding Gas Production at Malaysia's Pegaga Field -Exec
Mubadala Energy is working on expanding production capacity at the Pegaga gas field off the coast of Sarawak, Malaysia, Chief Operating Officer Stefano Raciti s…
Oil & Gas Trade
Qatar Plans New Gas Output Boost Amid Global Price Collapse
Model of LNG tanker is seen in front of Qatar's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing RightsQatar w…
Oil&Gas Drilling
Exxon Considering Guyana Offshore Gas Production After 2029
A man walks near Exxon Mobil Corp.'s headquarters in Georgetown, Guyana, June 29, 2023. REUTERS/Sabrina Valle Purchase Licensing RightsAn Exxon Mobil-led co…
Oil & Gas Trade
BP, ADNOC to Form Gas JV in Egypt
Abu Dhabi National Oil Co. (Adnoc) and BP P.L.C. have agreed to form a joint venture (JV) for natural gas production in Egypt, the two companies said.The agreem…
Oil & Gas Trade
Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit
Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas productio…
Oil & Gas Trade
China's 2023 Oil and Gas Output Hits Record High 390 Mil MT Oil Equivalent
China's combined oil and gas production hit a record high of more than 390 million mt of oil equivalent in 2023, representing an average annual growth rate …
Oil&Gas Drilling
ONGC Initiates Oil Production From Its Deep-Water Asset
ONGC announces the successful commencement of First Oil from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.This 98/2 project is like…
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