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Oil&Gas Drilling
Canadian Oil Producer Cenovus to Boost Production 19% in Five Years
Cenovus Energy (CVE.TO), opens new tab, Canada’s third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next fi…
Carbon Emissions
Biden's Scaled-Back Power Rule Raises Doubts Over US Climate Target
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Purchase Licensing Right…
Oil&Gas Drilling
Netherlands Won't Permit Gas Drilling in Sensitive Wadden Sea, Government Says
A person walks on ice on the Wadden Sea during the low tide near the island of Schiermonnikoog, the Netherlands, February 28, 2018. REUTERS/Cris Toala Olivares/…
Oil & Gas Trade
Oil Falls 1% on Concerns Over China's Economic Growth Plan
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/file photo Purchase Lic…
Oil & Gas Trade
Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil
With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is emba…
Oil&Gas Drilling
China's Landmark Deep-Earth Borehole Drilling Exceeds 10,000 Meters
A drone photo taken on March 2, 2024 shows the "Shenditake 1" borehole in the Taklimakan Desert in the Tarim Basin, northwest China's Xinjiang Uygur Autonom…
Gas Pipeline
India Sees $4.95 Bln Investment for Natural Gas Network in Kashmir, Northeast
India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and …
Oil & Gas Trade
TC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln
The logo of energy transport firm TC Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Ch…
Oil & Gas Trade
US Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill
Oil tankers stand attached to mooring stations near a refinery in Bayonne, New Jersey August 24, 2011. REUTERS/Lucas Jackson/ File Photo Purchase Licensing Righ…
LNG
Suriname's Staatsolie Signs Gas Exploration Deal with Petronas, Exxon
Suriname's Staatsolie said on Monday that Malaysia's Petronas and U.S. oil giant Exxon Mobil (XOM.N), opens new tab have agreed to extend exploration of…
Oil&Gas Drilling
Diamond Offshore Clinches New $350M Drillship Deal with BP
Houston-based Diamond Offshore Drilling has secured a two-year contract extension with a subsidiary of BP in the US Gulf of Mexico for the seventh-generation dr…
Oil&Gas Drilling
ADX Ramps up European Gas Pursuit at Welchau Well
ADX Energy’s hunt for 807 billion cubic feet (Bcf) of European gas is continuing to gather steam, with the drilling of its Welchau-1 exploration well in A…
Oil & Gas Trade
Gurbanguly Berdimuhamedov Announces Possible Turkmen Gas Supplies to Europe
Officials from Turkmenistan and Turkey signed two preliminary agreements on Friday for the Central Asian country to supply gas to Turkey and onward to Europe, d…
LNG
Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals
Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out riv…
Oil Price
Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty
The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…
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