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Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
LNG
Australia's LNGL Plans Sale of Magnolia LNG Project
Australian firm LNG plans to sell the 8mn t/yr Magnolia LNG project in Louisiana for $2.25mn to a firm called Global Energy Megatrend.
Crude Oil
Saudi Arabia to Cut June's Oil Production
Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…
Oil & Gas Trade
Topside Installed for Norway's Nova Field
Wintershall Dea's Nova field will be tied back to a platform at the Neptune Energy-operated Gjoa field.
Oil & Gas Trade
The Oil and Gas Industry is Losing Young Professionals
The oil and gas industry is grappling with a growing employment crisis as young professionals steer clear of the ailing industry
Oil Field
Petrobras Reports Pre-salt Discovries in the Santos and Campos Basins
Petrobras has confirmed pre-salt oil discoveries in the southeast area of the Buzios field in the Santos Basin and in the Albacora field in the Campos Basin.
Oil Price
Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk
At no time since Ibn Saud first consolidated his Arabian conquests into the Kingdom of Saudi Arabia in 1932 has the ruling Saud dynasty faced such an existentia…
Crude Oil
UAE Making Even Bigger Cuts To Oil Production Next Month
The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced th…
CNPC
PetroChina Makes a New Natural Gas Find in Southwest China
PetroChina, through its affiliate PetroChina Southwest Oil and Gasfield Company , has discovered a large gas belt with an estimated reserve of over 1,000 bcm in…
Oil & Gas Trade
NOC to Produce LPG in Sharara Oil Field for Local Consumption
National Oil Corporation’s subsidiaries and Repsol Consortium have reached the final stages of an ambitious study to recover LPG contained in flare gas in the …
Oil Price
Murphy Oil to Close Arknsas, Alberta Offices
Murphy Oil has announced that it is closing its legacy headquarters in Arkansas and shuttering an office in western Canada.
Oil & Gas Trade
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
LNG
Nuclear Power to Be Replaced with LNG, Renewable Energy Powers
The South Korean government is planning to reduce the number of nuclear power plants in South Korea to 17 and halve the number of coal power generators to 30 by…
Biomass Power Plant
Valmet to Convert Coal-Fired Facility to Biomass in Poland
Valmet has received an order from Zespół Elektrowni Pątnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its po…
Energy Transition
EU Bank Ends Fossil Fuel Lending in World-First for Climate
The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.
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