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Oil & Gas Trade
BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts
Oil & Gas Trade
30-10-2023
Israel Awards Gas Exploration Licences to ENI, BP and Four Others
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.It said that one group that inc
Oil & Gas Trade
30-10-2023
UK Regulator Awards 27 Oil, Gas Exploration Licenses
Britain's oil and gas regulator, the North Sea Transition Authority (NSTA), on Monday awarded 27 new hydrocarbon exploration licenses, even as climate activists criticise the government for allowing fresh drilling.The licensing round, the first of
Crude Oil
28-10-2023
China Announces Total Amount of Non-state Crude Oil Imports Permitted for 2024
Non-state companies in China will be permitted to import a total of 243 million tonnes of crude oil in 2024, the same amount as is permitted this year, the Ministry of Commerce has announced.The commerce ministry also published in a statement the applicat
Oil & Gas Trade
28-10-2023
Mexico's Pemex Gets Billions More in Government Support
The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Acquire Licensing RightsMexican state energy company Pemex said on Friday it had received billi
LNG
27-10-2023
Australia's Origin in Talks to Import LNG From Venice Energy's Terminal
Australian energy infrastructure developer Venice Energy said on Friday power producer Origin Energy (ORG.AX) is in talks to import liquefied natural gas (LNG) from its Outer Harbor LNG import terminal and be the sole user for at least a decade.The Outer
Carbon Emissions
27-10-2023
Canada to Pause Carbon Tax on Home Heating Oil for Three Years
Canadian Prime Minister Justin Trudeau on Thursday announced a three-year carbon tax exemption for home heating oil and higher carbon tax rebates for people in rural areas, measures he said were intended to bring relief amid soaring costs of living.Trudea
Oil&Gas Drilling
27-10-2023
Guyana Says Another "Significant Discovery" Made at Stabroek Offshore Block
An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a "significant discovery" of oil and gas, the South American country's energy ministry said on Thursday.The Lancetfish-2 well results mark the fourth
Oil & Gas Trade
27-10-2023
Chevron's Mega Oil Deal More Expensive Than Exxon's
Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsExxon Mobil's (XOM.N) $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources (PX
LNG
27-10-2023
Totalenergies Says Qatar LNG Flows Could Be Diverted From Europe
A logo of TotalEnergies is seen 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 RightsTotalEnergies (TTEF.PA) said on Th
LNG
27-10-2023
Venture Global Lng Can Start New Units at Lng Plant, Says Ferc
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday agreed to a revised commissioning plan for Venture Global LNG's Calcasieu Pass facility, allowing it to turn on three processing trains while work on faulty power equipment continues
LNG
26-10-2023
Eni Boosts Global LNG Portfolio After Deal With Asian Gas Field Partners
Italian energy giant Eni has boosted its liquefied natural gas portfolio, securing additional volumes from partners in its operated Merakes field offshore Indonesia.Eni on Thursday confirmed it had signed an 800 million cubic metres LNG sales and purchase
LNG
26-10-2023
Finland's Inkoo LNG Terminal Opens Bidding for 5,600GWH Capacity
The state-owned operator looks to fill capacity left vacant by the suspension of the Balticconnector pipeline.The liquefied natural gas (LNG) terminal in the Finnish port town of Inkoo will from Friday accept applications for slots totaling 5,600 gigawatt
Oil & Gas Trade
26-10-2023
Hess Midstream Reports Higher Q3 Income, After Chevron Buys Hess
Hess Midstream LP (HESM.N) on Wednesday reported a rise in third quarter net income versus the year earlier period, with the announcement coming just days after Chevron (CVX.N) agreed to buy Hess Corp. (HES.N)Hess Midstream, which owns oil and gas assets
LNG
26-10-2023
Vaar Energi Says Goliat Field May Supply Gas to Hammerfest LNG
Vaar Energi (VAR.OL) said on Wednesday it will decide next year whether to send natural gas from Norway's Goliat petroleum field in the Arctic Barents Sea to the nearby Hammerfest liquefied natural gas (LNG) plant for export to world markets.Oslo-
LNG
26-10-2023
Sani Inaugurates 20,000-Capacity LNG, LCNG Gas Hub in Kaduna
Kaduna State Governor, Senator Uba Sani, has inaugurated the first-ever Liquefied Natural Gas (LNG) and Liquefied Compressed Natural Gas (LCNG) facility in Nigeria with daily capacity of 20,000 tonnes for distribution across the country.Inaugurating the L
Nigeria
26-10-2023
FG Secures €1M EU Grant for Nuclear Project
The Federal Government, on Wednesday, announced that it had secured a grant of €1m from the European Union to execute the instrument for nuclear safety projects in Nigeria.It announced this in Abuja through the Nigerian Nuclear Regulatory Authori
Oil and Gas Equipment
26-10-2023
Svanehøj develops a complete high-pressure marine pump unit for LNG fuel
As demand for LNG-fueled vessels remains high, the marine pump specialist Svanehøj can now offer a high-pressure pump solution for two-stroke engines – a compact unit with three combined cold ends designed for optimal flow and longer
Oil & Gas Supply
25-10-2023
Sani Inaugurates First Liquefied Gas Station in Kaduna
Kaduna State Governor, Senator Uba Sani has inaugurated the first Liquefied Compressed Natural Gas station set up by Greenville LNG in Kakau, Kaduna State on Tuesday.Sani at the event said the new facility would not only transform the state, but facilitat
Crude Oil
25-10-2023
China to Cap Crude Oil Processing Capacity at 1 Bln Tons by 2025
China will cap its crude oil primary processing capacity at 1 billion metric tons by 2025 in an effort to streamline its vast refinery sector, the country's state planning agency said.China's oil refining capacity expanded to 920 million t
Oil & Gas Trade
24-10-2023
Chevron to Buy Hess Corp for $53 Billion in All-Stock Deal
Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's (XOM.N) massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.The Chev
LNG
23-10-2023
Eni Signs Long Term LNG Agreement for Deliveries From North Field East Expansion Project in Qatar
Eni has signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The availa
Oil Field
23-10-2023
China Discovers Its First 110-Billion-M³ Deep Coalbed Methane Field
A view of the Shenfu deep CBM field in Yulin City, northwest China's Shaanxi Province. /CMGChinese offshore operator China National Offshore Oil Corp (CNOOC) announced on Monday the discovery of its first deep coalbed methane (CBM) field with prov
Oil & Gas Trade
23-10-2023
Singapore to Centralize Gas Purchases to Boost Energy Security
Natural gas Photographer: Betty Laura Zapata/Bloomberg , Bloomberg(Bloomberg) -- Singapore will centralize natural gas purchases in a bid to improve the stability and security of its power sector.The nation will aggregate demand from generating companies,
Oil & Gas Trade
23-10-2023
National Oil Sounds Out Oil Majors for Strategic Partner Deal
A National Oil branded petrol station. FILE PHOTO | NMGThe National Oil Corporation of Kenya (NOC) has reached out to the top three oil multinationals in the country as it steps up efforts to strike a deal with a strategic partner to boost its turnaround
Oil & Gas Trade
23-10-2023
Sonangol and Chinese CNCEC Sign a Contract for the Construction of the Lobito Refinery in Angola
Sonangol and China National Chemical Engineering Company (CNCEC) signed a contract for the construction of the Lobito Refinery in Angola. The final agreement, which provides for construction, technical support and supervision, follows the Memorandum of Un
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TC Energy Restarts Segment Of Keystone Pipeline Unaffected By Oil Spill
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Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
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Ukrnafta Increases Reserves by 3 Mln Tonnes of Oil, 600 mcm of Gas
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