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Oil & Gas Trade
BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts
Oil & Gas Trade
24-11-2023
Angola’s latest oil and gas tenders net 53 bids
Photo courtesy of Energy Capital & PowerAngola received 53 bids in a tender round for the exploitation of oil and gas deposits at 12 blocks in the Lower Congo and Kwanza Basins, according to reports.The National Oil, Gas and Biofuels Agency (ANPG) rep
LNG
24-11-2023
Germany Builds up LNG Import Terminals
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCzech utility CEZ (CEZP.PR) has booked 2 billion cubic metres (bcm) of annual capacity at a yet-to-be build land-based
Oil & Gas Trade
24-11-2023
Brazil's Petrobras to Invest $102 Billion in Next Five Years
Jean Paul Prates, CEO of Brazil's state-run oil company Petrobras, speaks during a news conference at the Petrobras headquarters in Rio de Janeiro, Brazil March 2, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsBrazil's Pe
LNG
23-11-2023
Jakóbik: Poland's Second Fsru Project
A FSRU in Lithuania. Photo By Bartłomiej Sawicki/BiznesAlert.plPoles gave the Czechs a once-over when it comes to the construction of the second floating LNG terminal. The Czechs bolted, so only one unit will be procured. It is criticized by Greenpeace de
Oil Price
23-11-2023
China Oil Demand Growth Poised to Slow to Around 4% In H1 2024 -Analysts
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo Acquire Licensing RightsChina's oil demand growth is likely to ease in the first half of 2024 to around 4%, according to consul
Oil Price
23-11-2023
Oil Down More Than 1% As Uncertainty Swirls Over Delayed OPEC+ Meeting
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo Acquire Licensing RightsOil prices fell by more than 1% on Thursday, exte
Oil & Gas Technology
23-11-2023
Capital Power acquires two natgas-fired power plants in U.S. for $1.1 bln (Nov. 20)
Canadian energy company Capital Power (CPX.TO) said on Monday it was acquiring two U.S.-based natural gas-fired generation facilities in California and Arizona for a net cost of $1.1 billion.Capital, like some of its rivals, is aiming to increase its powe
Oil & Gas Trade
23-11-2023
Qatarenergy Is Beneficiary of $570 Mln Ruling Against Endesa - Sources
The logo of Spanish power company Endesa tops it headquarters in Madrid, Spain, April 27, 2022. REUTERS/Susana Vera/File Photo Acquire Licensing RightsQatarEnergy is the company to which Spanish power utility Endesa (ELE.MC) will have to pay $570 million
Oil&Gas Drilling
23-11-2023
Brazil Agency to Rule if Petrobras Can Drill Near Amazon Mouth by Early 2024
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsBrazil's environment protection agency Ibama is expected
Oil & Gas Supply
23-11-2023
Venezuela Producing 850,000 Bpd of Oil, Hopes to Recover Market Share in US
Workers stand in front of a drilling rig at an oil well operated by Venezuela's state oil company PDVSA in Morichal July 28, 2011. REUTERS/Carlos Garcia Rawlins/File Photo Acquire Licensing RightsVenezuela is currently producing some 850,000 barre
Oil & Gas Trade
22-11-2023
Nigeria, Germany Seal $500M Gas, Renewable Energy Deal
The Nigerian government and that of Germany have entered into a bilateral agreement that would see both countries exchanging gas and renewable energy resources.Speaking in Berlin, Germany, on Tuesday, at the 10th German-Nigerian Business Forum, President
Natural Gas
21-11-2023
Exclusive: Venezuela Close to Approving Offshore Gas License With Trinidad, Shell
The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Acquire Licensing RightsVenezuela is close to approving a license for Shell (SHEL.L)
LNG
21-11-2023
Capital Power Acquires Two Lng-Fired Power Plants in u.s. For $1.1 Bln
Canadian energy company Capital Power (CPX.TO) said on Monday it was acquiring two U.S.-based natural gas-fired generation facilities in California and Arizona for a net cost of $1.1 billion.Capital, like some of its rivals, is aiming to increase its powe
Oil & Gas Trade
20-11-2023
Turkmenistan Ready to Expand Swap Gas Supplies via Iran
Turkmenistan’s Foreign Minister Rashid Meredov during the Turkmen-Iranian business forum held in Ashgabat stated that Turkmenistan is ready to significantly increase the volume of swap gas supplies through Iran, Azernews reports. At present, joi
Natural Gas
20-11-2023
Bio Capital Announces Historic, First Renewable Gas Injection for Northern Ireland
In a first for Northern Ireland, Granville Eco Park, Dungannon, a Bio Capital Group company, has started injecting renewable biomethane into the local gas network.Having installed a £1.2m gas to grid system at its existing anaerobic digestor, Bi
Natural Gas
20-11-2023
Saudi Announces New Natural Gas Discoveries in Empty Quarter, Eastern Province
Saudi Aramco logo is pictured at the oil facility in Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsSaudi Aramco (2223.SE) has discovered two new natural gas fields in the Empty Quarter region, the state
Oil & Gas Trade
18-11-2023
Russia Lifts Gasoline Export Ban - Energy Ministry
Liberia-flagged Aframax tanker Suvorovsky Prospect discharges fuel oil from Russia at the Matanzas terminal, in Matanzas, Cuba, July 16, 2022. REUTERS/Alexandre Meneghini/File Photo Acquire Licensing RightsRussia has lifted restrictions on gasoline export
Natural Gas
17-11-2023
Seplat to Build a $250 Million Gas Plant in Sapele, Delta State
The Director of New Energy at Seplat PLC, Mr. Effiong Okon has disclosed plans of the company to build a new $250 million gas in Sapele, Delta state as part of the ongoing investment in the downstream sector of the oil and gas industry.Mr. Effiong disclos
Crude Oil
17-11-2023
China's Zpc Resells Some Abu Dhabi Term Crude in Q1 2024
China's Zhejiang Petroleum and Chemical Corp (ZPC) has sold some of its term crude supplies from Abu Dhabi National Oil Company (ADNOC) in the first quarter next year in a rare move by a refiner, four market sources said on Thursday.The sales come
Oil & Gas Trade
17-11-2023
Energy Transfer Inks Non-binding Deal to Supply Crude to France's Totalenergies
A view shows a logo of TotalEnergies at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsU.S. pipeline operator Energy
Oil & Gas Trade
17-11-2023
German Gas Trading Hub to Sell Up to 37 Twh of Gas From Storage
Germany's gas market trading hub, Trading Hub Europe (THE), is planning to start selling the first volumes of gas stored under a government mandate agreed in 2022, when it was tasked with ensuring sufficient supplies as flows from Russia dwindled.
Oil Field
16-11-2023
9,423 Meters: China Opens Asia's Deepest Oil and Gas Well
The Yuejin 3-3XC well of Sinopec in Tarim Basin, northwest China's Xinjiang Uygur Autonomous Region, November 15, 2023. /CMGChina's petrochemical giant Sinopec has completed a 9,432-meter-deep oil and gas well, setting a new record for the
Oil & Gas Trade
16-11-2023
Serbia Signs Gas Supply Deal With Azerbaijan
Serbia signed a deal with Azerbaijan to purchase 400 million cubic metres of natural gas per year from 2024, Azerbaijan's energy ministry said on Tuesday.Serbia, which is almost fully dependent on Russian gas supplies, has long planned to purchase
Oil & Gas Trade
16-11-2023
Venezuela's PDVSA Offers Corocoro Crude Cargo Through Intermediary -Sources
The logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas, Venezuela August 10, 2016. REUTERS/Marco Bello/File Photo Acquire Licensing RightsVenezuela's state-run oil company PDVSA is offering to sell up to 1 million b
Oil&Gas Drilling
16-11-2023
US Appeals Court Scraps Sempra's Port Arthur LNG Emissions Permit
Electric power transmission pylon miniatures and Sempra Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsA U.S. court has removed an emissions permit for Sempra's
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