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Oil Exploration
Asia's First Cylindrical Fpso Facility Completed in E China
Oil & Gas Trade
31-07-2023
Egypt Green Lights Oil and Gas Deals Worth $319 Million: Report
Egypt has reportedly green lighted a trio of binding oil and gas agreements in the country, aimed at the drilling of multiple exploration wells, the country’s cabinet said in a statement.The multiple deals include two projects to search for gas
LNG
31-07-2023
CP2 LNG Terminal, US
CP2 LNG export terminal project is being developed in Louisiana, the US, by Venture Global LNG’s subsidiaries, Venture Global CP2 LNG and Venture Global CP Express.The CP2 LNG terminal will have an export capacity of 20 million tonnes per annum
Oil and Gas Equipment
31-07-2023
S. Korea's 1st Indigenous Gas Turbine-Equipped Power Plant Begins Commercial Operations
South Korea has begun commercial operations of a power plant installed with the country's first homegrown gas turbine, its operator said Monday.Korea Western Power (KOWEPO) said it began operating the Gimpo Combined Heat and Power Plant in the cit
Oil&Gas Drilling
31-07-2023
NIDC Digs 36 Oil, Gas Wells in 4 Months
TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 36 oil and gas wells during the first four months of the current Iranian calendar year (March 21-July 22), an official with the company said.According to Masoud
Oil Price
31-07-2023
Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year
Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highest in 10 years, the KPC's CEO said on Sunday.Chief Executive Nawaf Saud al-Sabah said i
Natural Gas
30-07-2023
Eni’s Profit Cut Nearly in Half but Progress Made on Enlarging Natural Gas Portion of Global Portfolio
Italy’s energy giant Eni has revealed solid performance in the second quarter and the first half of 2023, despite its results being affected by a steep drop in oil and gas prices compared to bumper profits from last year. The oil major made good
LNG
30-07-2023
BP and OMV Ink Long-Term LNG Supply Agreement
UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year.Under the agreement, BP will provide OMV with LN
Oil & Gas Trade
30-07-2023
Sunak Backs New UK Oil and Gas Exploration
LONDON, July 29, 2023 (BSS/AFP) - Prime Minister Rishi Sunak has backed plans to permit new fossil fuel exploration off Britain's coast, as he pledged to be "pragmatic and proportionate" about achieving net zero in an interview published
Oil & Gas Trade
29-07-2023
NPCC Lands $219M Adnoc Offshore Epc Project Contract
National Petroleum Construction Company (NPCC) has announced that it has received a letter of award from Abu Dhabi National Oil Company (Adnoc) Offshore for a contract worth AED805 million ($219 million) to provide engineering, procurement and constructio
Thermal Coal
29-07-2023
Nevada Utility to Convert Last Coal-Fired Plant to Natural Gas
Image by Peter H from PixabayIn the US, Nevada’s largest utility plans to retire its last coal-fired plant by the end of 2025 and convert it to run on natural gas.NV Energy released the details through an amendment to the company’s 202
Oil&Gas Drilling
29-07-2023
National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030
It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total national oil and petroleum reserves (including crude oil and products), meanwhile, is expected
Oil & Gas Supply
29-07-2023
Australian State Bans Gas to New Homes From 2024
SYDNEY: The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia’s second-most populous st
Oil&Gas Drilling
29-07-2023
US Drillers Cut Oil Rigs for Eighth Month in a Row, Baker Hughes Says
A drilling rig is seen in the Austin Chalk about two hours outside of Houston, Texas, U.S., May 10, 2018. REUTERS/Ernest ScheyderU.S. energy firms in July cut the number of oil rigs for an eighth straight month while adding natural gas rigs for the first
Oil Pipeline
29-07-2023
Venture Global LNG's Calcasieu Pass 2 Project Gets Final U.S. Environmental Nod
Venture Global LNG's proposed Calcasieu Pass 2 (CP2) project in Louisiana on Friday received the U.S. Federal Energy Regulatory Commission's (FERC) environmental approval, clearing the way for a final vote by the commission on expanding th
Hydrogen Production
29-07-2023
RWE Creates Preconditions for Constructing a Hydrogen-Ready Gas-Fired Power Plant in Weisweiler
RWE plans to build hydrogen-ready gas-fired power plants at its own former power plant sites in Germany by 2030 to help achieve the goal of phasing out coal 2030. By awarding the contract to an international consortium, RWE has now laid the foundations fo
LNG
28-07-2023
Nearly 70 Ports Offer Bio-Lng Bunkers
Ships can now bunker bio-LNG at almost seventy ports worldwide, including Singapore, Rotterdam and the US east coast, according to SEA-LNG.A total of 355 LNG-fuelled ships, not counting LNG carriers, are able to use bio-LNG as drop-in fuel without any mod
Crude Oil
28-07-2023
Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project
Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's strategic Gwadar Port.A memorandum of understanding was signed between the Pakistani an
Natural Gas
28-07-2023
TC Energy to Spin off Oil Pipeline Business, Focus on Natural Gas
TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/IllustrationNorth American pipeline company TC Energy (TRP.TO), which has been looking to sell assets and cut debt, said on Thursday it w
LNG
27-07-2023
Samsung Heavy Industries Remains in Black With $46M Profit
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.Its operating profit
Oil&Gas Drilling
27-07-2023
Neptune Energy Starts Gas Production at Adorf Z18 Well, Germany
Neptune Energy has announced first production from its operated Adorf Z18 gas well, in the municipality of Georgsdorf, North-Western Germany.The Z18 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Ad
Oil Price
27-07-2023
Shell's Profits Tumble 56% To $5 Bln as Energy Prices Cool
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photoShell (SHEL.L) on Thursday reported a 56% fall in second-
Oil&Gas Drilling
27-07-2023
Totalenergies Begins Drilling at Tilenga Oil Project in Uganda
TotalEnergies is the operator of the project. Credit: HJBC via Shutterstock.French energy major TotalEnergies has commenced commercial drilling at the Tilenga oil project in Uganda, reported Reuters.The project is situated in the Buliisa and Nwoya distric
LNG
27-07-2023
Klaipeda Lng Terminal Assigns 6 Twh Regasification Capacity for 2024
Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the terminal’s 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year
Oil & Gas Trade
27-07-2023
With 18 Oil & Gas Projects, Worth $60.2 Billion, in the Works, Qatar Set on Upping the LNG Ante
As Qatar has 18 projects under development across the oil and gas sectors, with an estimated capital expenditure (CAPEX) of $60.2 billion, the Persian Gulf state’s energy sector is positioned for further growth, solidifying the country&rsquo
LNG
27-07-2023
Hudong-Zhonghua Locks in New Order to Build LNG Carrier Duo for COSCO, CNPC
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has signed a contract with COSCO Shipping Energy and PetroChina, part of China National Petroleum Corporation (CNPC), to build two liquefied natural gas (LNG) carriers.COSCO Shipping EnergyAs informed, the
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