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Natural Gas
BP, Repsol Start Production at Cypre Gas Project in Trinidad
BP PLC announced on Monday that the Cypre field, located 78 kilometers off Trinidad and Tobago’s southeast coast, has begun production. Situated in the Ea…
Oil Refinery
China Teapot Oil Refiners Improve Run Rates but Demand Woes, Sanctions Weigh
Operating rates at China’s independent oil refiners in Shandong province, often called teapots, have recently increased slightly, reaching 46% capacity in…
Carbon Storage
Partners Testing Feasibility of CO2 Storage at Mature Oil Field off Australia
In early 2025, Japanese engineering firm Chiyoda Corporation and Knutsen NYK Carbon Carriers (KNCC), a partnership between Japan’s NYK and Norway’s …
Oil Price
Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low
On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four m…
LNG
Australia’s Woodside Energy to Sell 40% Stake in Louisiana LNG Project to Stonepeak
On Monday, Australian energy company Woodside Energy announced plans to sell a 40% stake in its Louisiana LNG Infrastructure project to Stonepeak, a U.S.-based …
Oil & Gas Trade
China’s CNOOC Exits U.S. Offshore Oil and Gas
British energy firm Ineos has finalised its acquisition of the U.S. Gulf assets from China’s state-owned oil company, CNOOC. The deal, completed on April …
Electricity Transmission
Kuwait Implements Power Cuts as Demand Outstrips Restricted Capacity
Kuwait, a major oil-producing nation, briefly reduced electricity supply to certain industrial and agricultural zones on Wednesday due to a spike in power deman…
Crude Oil
Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target
Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this chan…
Oil Price
Oil Prices Steady as Market Awaits Fresh US Tariffs
U.S. oil prices showed some stability after falling earlier in the week amid concerns about new tariffs from President Trump. Brent futures dipped slightly to $…
LNG
US LNG Exports Soar in March on Ramp up of Plaquemines Plant
The United States set a new record for liquefied natural gas (LNG) exports in March, shipping out over 9 million metric tons (MT) of the superchilled fuel, acco…
Natural Gas
Argentina Starts Gas Exports to Brazil Through Bolivia
Argentina successfully exported gas from its Vaca Muerta shale formation to Brazil for the first time, utilizing a network of Bolivian pipelines. This milestone…
Natural Gas
China’s COOEC Starts Shell Nigeria’s Gas Project
China Offshore Oil Engineering Company (COOEC) began fabricating key components for Shell’s HI shallow-water gas and condensate project offshore Nigeria. …
Oil Refinery
Shell Completes Singapore Refinery Sale to Chandra Asri-Glencore JV
Shell has recently completed the sale of its Singapore refinery and refining assets to a joint venture involving Chandra Asri and Glencore. Trade sources indica…
Oil&Gas Drilling
Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea
Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone i…
Oil Shale
Japan’s Tokyo Gas Expands in US Shale Gas With Chevron Deal
TG Natural Resources LLC (TGNR), a company owned by Tokyo Gas and Castleton Commodities International, recently acquired a 70% stake in Chevron’s east Tex…
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