Oil

Oil & Gas Trade
OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China
Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…
Oil Exploration
Totalenergies to Invest $1 Billion in Oil Development Offshore Brazil
(WO) — TotalEnergies has approved the final investment decision of the Lapa South-West oil development in the Santos Basin, 300 km off the coast of Brazil.offs…
Natural Gas
Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subs…
Thermal Plant
MHI Signs MoU to Collaborate in Feasibility Studies on Ammonia Co-Firing for Power Generation in BLCP Power Station
-- Studies Aim to Achieve 20% Co-Firing at a Coal-Fired Thermal Power Plant; Includes Procurement and Utilization of the Fuel --- MHI to consider burners and ot…
Qatar
Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfu…
Energy Security
Quick Fix Completed at Gas Pipeline Incident Site in Lithuania
Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames…
Crude Oil
Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal
Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…
Oil&Gas Drilling
New Year Sees Rousing Start to Offshore Drilling Market
NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 fl…
Oil Price
Oil Prices Expected to Average Around $90 in 2023-2027
LONDON: Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to eighth annual survey of energy market profess…
Oil Refinery
Fire Breaks Out at Pdv’s Cardon Refinery
A fire broke out today in the fluid catalytic cracking unit at Venezuela's Cardon refinery, the second major blaze at the site since late December.Operator …
Natural Gas
Natural Gas Is Not a Transition Fuel, It Is a Destination Fuel – Qatar Energy Minister
H.E. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President of QatarEnergy has said that natural gas is not a transition fuel a…
Net Zero Emission
Energy Industry Lies at the Core of Making Net Zero Possible
The Mahani field in Sharjah. For more than 150 years, the oil and gas industry has continued to innovate. Photo: Sharjah Government Media BureauWe have pledged …
Oil Price
Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says
US energy envoy Amos Hochstein says the country will continue to use its strategic reserves to help resolve crises. Antonie Robertson / The NationalThe US relea…
Oil & Gas Trade
Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports
A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in…
Energy Security
Lithuania-Latvia Gas Pipeline Hit by Explosion, Operator Says
A gas pipeline connecting Lithuania and Latvia, like the one seen here, has been hit by an explosion. Reuters.A gas pipeline connecting Lithuania and Latvia was…

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Oil

OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China

Totalenergies to Invest $1 Billion in Oil Development Offshore Brazil

Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator

MHI Signs MoU to Collaborate in Feasibility Studies on Ammonia Co-Firing for Power Generation in BLCP Power Station

Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says

Quick Fix Completed at Gas Pipeline Incident Site in Lithuania

Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal

New Year Sees Rousing Start to Offshore Drilling Market

Oil Prices Expected to Average Around $90 in 2023-2027

Fire Breaks Out at Pdv’s Cardon Refinery

Natural Gas Is Not a Transition Fuel, It Is a Destination Fuel – Qatar Energy Minister

Energy Industry Lies at the Core of Making Net Zero Possible

Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says

Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports

Lithuania-Latvia Gas Pipeline Hit by Explosion, Operator Says