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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Field
07-02-2025
Production Begins in Mega Metamorphic Rock Oilfield in China’s Bohai Sea
The first phase of Bozhong 26-6 oilfield, by far the largest metamorphic rock oilfield in the world, commenced production on Friday.The development project of the Bozhong 26-6 oilfield is divided into two phases. Phase one encompasses a central processing
Oil Price
07-02-2025
Oil Set for Third Straight Weekly Decline Amid Tariff Concerns
A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025.Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed
Oil Shale
07-02-2025
Ecopetrol Pressured to Sell U.S. Shale Venture by Colombia’s Leader
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to nature and humanity.Shares of th
Crude Oil
07-02-2025
US Permian Oil Output Growth to Slow in 2025 Despite Trump’s Plan, Executives Say
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25
Oil Pipeline
07-02-2025
Trans Mountain Says Projects Could Expand Pipeline Capacity by 300,000 Bpd
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024.Canadian pipeline operator Trans Mo
Crude Oil
06-02-2025
Singapore Distillates Stocks Surge 13% Despite Higher Net Exports
Wedoany.com Report-Feb 6, Singapore's middle distillates stocks rose 13% from last week despite higher net exports, official data showed on Thursday, amid falling 10ppm sulphur gasoil February derivatives prices since earlier in the week.Inventori
Gas Turbine
06-02-2025
Rolls-Royce, Triveni Engineering to Explore Marine Gas Turbine Ventures
India is a key strategic growth market for Rolls Royce.Triveni Engineering & Industries Ltd on Thursday said it has signed an initial pact with Rolls-Royce Marine North America Inc to explore opportunities in 4MW marine gas turbine generators.In a reg
LNG
06-02-2025
Canada’s Alberta Eyes Japan for New LNG Deals Amid US Tariff Threat, Minister Says
Alberta's Minister of Environment and Protected Areas Rebecca Schulz poses for a photo during an interview in Tokyo, Japan February 5, 2025.Canada's Alberta province, a major gas producer, needs to find new export markets in face of a U.S.
Oil Price
06-02-2025
Oil Little Changed as Trump Policies Continue to Weigh on Prices
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices edged up in Asian trading on Thursday after Saudi Arabia's state oil company sharply raised March oil prices, but the increa
Natural Gas
06-02-2025
Kyrgyzstan Sees Upturn in Natural Gas Production
Kyrgyzstan's production of natural gas amounted to 28.2 million cubic meters in 2024, which is a 2.9 percent increase compared to 2023 (7.4 million cubic meters), Trend reports.According to the State Statistical Committee of Kyrgyzstan, in Decembe
LNG
06-02-2025
Economou’s TMS Group to Splash up to $1.4B on LNG Dual-Fuel Containership Fleet
Greek shipping magnate George Economou-led TMS Group has ordered up to ten 11,400 TEU environmentally friendly containerships in China.The order encompasses six firm Neo-Panamax boxships and four options, Greek shipbroker Intermodal revealed.As informed,
Oil Field
06-02-2025
McDermott Completes East Malaysia Deepwater Project Ahead of Schedule
U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshore East Malaysia ahead of schedule. The contract, awarded by PTTEP Sabah Oil (PTTEP) in early 20
LNG
06-02-2025
Totalenergies CEO Doubles Down on US LNG, Downplays Trump Tariff Fears
TotalEnergies CEO Patrick Pouyanne speaks at the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024.TotalEnergies (TTEF.PA), will expand its investment in U.S. liquefied natural gas over the next decade as the Frenc
Crude Oil
06-02-2025
Suncor’s Fourth-Quarter Profit Beats on Higher Oil Output, Fuel Sale Volumes
The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019.Canada's Suncor Energy (SU.TO), opens new tab beat analysts' estimates for fourth-quarter profit on Wednesday, as the integrated oil and gas fi
LNG
06-02-2025
Total CEO Says Company Rejected Venture Global as LNG Supplier Over Lack of Trust
TotalEnergies Chief of the Board and Chief Executive Officer Patrick Pouyanne attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025.TotalEnergies (TTEF.PA), rejected opportunities to become a long-term customer
Oil&Gas Drilling
05-02-2025
SLB Onesubsea to Deliver Subsea Production Systems for vår Energi, Offshore Norway
SLB has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the t
Oil Field
05-02-2025
Shell Starts Production From Penguins FPSO in UK North Sea
Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, operator; NEO Energy 50%). The previous export route for this field was via the Brent Charlie p
Gas Pipeline
05-02-2025
WAPCo Set to Begin Major Inspection and Maintenance Project on Its Offshore Pipeline
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP) is scheduled to undertake major pipeline maintenance activities from February 5 to March 2, 2025.These activities include the pigging and the
Oil Price
05-02-2025
Fuel Oil Rally Expected to Stall as Market Shakes off US-Iran Policy
A boat passes in front of an oil refinery located on Singapore's Jurong Island March 28, 2009.Fuel oil margins climbed after U.S. President Donald Trump reimposed a tougher policy on Iran, though trade sources expect a short-lived rally amid uncle
LNG
05-02-2025
Hapag-Lloyd Unveils $4B Green Financing for 24 LNG Dual-Fuel Boxships
German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards.As explained, the green financing comprises f
Oil&Gas Drilling
05-02-2025
Velesto Going after Three Ds – Digitalization, Decarbonization, and Diversification for Enhanced Drilling and Oil & Gas Era
With the world caught in a vicious circle of geopolitical tensions, high-stakes tariff games, emerging trade wars, climate change woes, and the need to tackle the energy security, sustainability, and affordability trilemma, technological advancement, supp
Oil Price
05-02-2025
Oil Mixed as Trump Restores Pressure on Iran, Tariff Drama Caps Prices
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024.Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored h
Oil & Gas Trade
05-02-2025
Encino’s Owner Mulls $7 Billion Sale, IPO of Energy Producer
Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019.Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S. oil and nat
Natural Gas
04-02-2025
Tajikistan Sees Uptick in Natural Gas Imports From Uzbekistan
Tajikistan has imported 267 million cubic meters of natural gas from Uzbekistan in 2024, which is an increase of 47.1 million cubic meters or 21.4 percent compared to 2023.According to the Ministry of Energy and Water Resources of Tajikistan, during the m
Oil Field
04-02-2025
Equinor’s Massive Johan Sverdrup Oilfield Hit by Power Outage
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020.Equinor's (EQNR.OL), Johan Sverdrup oilfield in the North Sea has suffered a power outage that is estimated to last for some 8 hours, a regulatory statement posted on the Nord
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Most views from Oil & Gas
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SSE Thermal and Siemens Energy Partner on Hydrogen-Ready Gas Turbines
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Global Oil Demand to Gain 1-1.5 Mbd in 2025
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Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
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Production at Russian Refineries Has Dropped to a 12-Year Low Due to Ukrainian Drone Attacks
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Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
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Oil Prices Post 3% Annual Decline