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Oil & Gas Trade
ADNOC Awards $196.2m Manufacturing Contracts
ADNOC has awarded contracts worth $196.2m to 11 companies to boost local manufacturing of diverse products across its value chain as part of the ICV programme.T…
Oil & Gas Trade
Petrobras Posts $7.6% Increase In Net Income In Q3 2024
Brazilian national oil and gas company Petrobras has reported a 7.6% increase in net income for Q3 2024, reaching $5.87bn (33.85bn reais) from $5.54bn in the sa…
Crude Oil
Exxon Mobil Takes Ownership Of Payara FPSO Offshore Guyana
Exxon Mobil Guyana has completed a transaction to assume ownership from SBM Offshore of theFPSO Prosperity.The deal went through ahead of the full platform leas…
Oil & Gas Trade
Qatar Taps Rothschild As Adviser In Bid For Rosneft Units In Germany
Qatar’s sovereign wealth fund is bolstering its efforts to take over the German businesses of Russian oil giant Rosneft PJSC as the government in Berlin l…
Green Hydrogen
Air Products Eyes Expanded Offtake for NEOM Green Hydrogen Plant
Air Products CEO Seifi Ghasemi has announced ongoing negotiations for additional offtake from the 2.2GW NEOM green hydrogen plant in Saudi Arabia, driven by sus…
LNG
Qatarenergy Inaugurates First Four LNG Vessel From Shipbuilding Programme
QatarEnergy said Thursday it had held naming ceremonies to inaugurate four of the dozens of conventional-size liquefied natural gas (LNG) vessels it had ordered…
Crude Oil
Polish oil and gas group Orlen may suspend or terminate Olefins project
Polish oil and gas company Orlen said it is reassessing the future of its Olefin III petrochemical project due to profitability concerns, adding that it is expl…
Oil & Gas Trade
Energy Transfer Boss Hails Trump Win as ‘Breath of Fresh Air’ for Oil and Gas Industry
The co-chief executive officer of pipeline company Energy Transfer LP welcomed the election of Donald Trump as US president, saying his administration will brin…
Saudi Arabia
UAE’s Adnoc Agrees 15-Year LNG Supply Deal With Germany’s SEFE
Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Germany’s SEFE for 15 years starting 2028, a deal that expands the United Arab Emirates…
United States
Chevron Is Said to Weigh Sale of Hong Kong Gas Stations Business
Chevron Corp. is considering a sale of all of its gas stations in Hong Kong amid interest from prospective investors, according to people familiar with the matt…
Natural Gas
Russia’s Crude Shipments Slump on Lower Arctic, Black Sea Flows
Russia’s seaborne crude exports plunged in the latest week, with the biggest decline since early July dragging down the four-week average.Weekly flows dropped …
Saudi Arabia
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one …
Oil Price
Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes
Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a …
Crude Oil
Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling
The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil …
Crude Oil
US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub
The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the…
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