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Oil & Gas Trade
Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows
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
LNG Carrier
25-07-2023
Singapore Readies for Its 1st Methanol Bunkering OP
Singapore’s maritime industry is abuzz with anticipation as it prepares to carry out its first methanol bunkering operation this week.The operation will take place between the A.P. Moller – Maersk’s methanol-fuelled container
LNG
25-07-2023
LNG Canada Completes Tank Hydro Testing
Hydro testing of the tank at the site of Canada’s first LNG export facility, the Shell-led LNG Canada project in Kitimat, British Columbia, has been completed.The procedure, also known as hydrostatic testing, ensures LNG tank safety and reliabil
Egypt
24-07-2023
Egypt to resume LNG exports in fall
Egypt is set to resume liquefied natural gas (LNG) exports in the fall, citing Petroleum and Mineral Resources Minister Tarek El Molla.Egypt is currently using all gas produced by the country due to the ongoing heatwave, and little is left over for export
24-07-2023
Petronas reports 6 oil and gas discoveries off Sarawak coast
Malaysia state oil company Petroliam Nasional Berhad, or Petronas, said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawak.The wells in the five blocks, SK306, SK411, SK313, SK301B and SK315, stem from new and existi
Oil Price
24-07-2023
Oil prices rise as tight supply counters expected rate hikes
Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or 0.5%.The benchmarks rose 1.5% and 2.2% respectively last week, their fourth straight of week of
Oil & Gas Trade
20-07-2023
National Petroleum-Gas Reserve Infrastructure Planning Approved
A petrol station on Hà Nội's Thái Hà Street. — VNA/VNS Photo Huy HùngDeputy Prime Minister Trần Hồng Hà on Tuesday signed a decision approving the infrastructure planning for national petroleu
Oil & Gas Supply
20-07-2023
Australia's Santos Cuts Production Forecast as Quarterly Revenue Drops 29%
The logo of Australian oil and gas exploration and production company Santos is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris HelgrenAustralia's Santos (STO.AX) trimmed its pro
Oil&Gas Drilling
19-07-2023
Fervo Energy Reports Breakthrough in Field-Scale EGS Project in Nevada
Fervo Energy has announced positive results of a 30-day well test conducted at Project Red, the company’s full-scale EGS pilot project in northern Nevada.The results indicate that the well doublet, connected by a hydraulically fractured reservoi
Oil & Gas Trade
19-07-2023
Japan, Qatar Upgrade Energy Ties During LNG Talks
Japanese Prime Minister Fumio Kishida speaks during the UAE-Japan business forum in Abu Dhabi, United Arab Emirates, July 17, 2023. REUTERS/Abdelhadi RamahiJapanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation wit
LNG
19-07-2023
UAE's ADNOC Gas Agrees $7 Bln-$9 Bln 14-Year LNG Agreement With Indian Oil Corp -Statement
An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File PhotoAbu Dhabi's ADNOC Gas (ADNOCGAS.AD) on Tuesday announced a 14-year $7 billion-$9 billion deal with Indian Oil Corp (IOC.
Thermal Plant
18-07-2023
Portocem Thermoelectric Power Plant, Brazil
Portocem Thermoelectric Power Plant (UTE Portocem) is an LNG-to-Power project being developed in the Ceará Free Trade Zone, in the State of Ceará, Brazil.With a capacity of around 1.6GW, the project will be one the largest power plan
LNG
18-07-2023
Hapag-Lloyd's LNG-Fueled 23,660 Teu Giant Receives LNG in China
Energy company World Fuel Services Corporation has conducted a liquified natural gas (LNG) bunkering operation in China, supplying LNG for Hapag-Lloyd’s 23,660 TEU containership Berlin Express.World Fuel Services CorporationWith the support of b
LNG
18-07-2023
First Man Me-Ga Otto-Cycle Engine Completes Gas Trials
MAN Energy Solutions announced that the first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping. The new engine is an Otto-cycle variant of the c
LNG
17-07-2023
Hong Kong LNG Terminal Starts Operation
Hong Kong’s new offshore LNG terminal, jointly developed and constructed by power companies CLP Power Hong Kong and the Hongkong Electric (HK Electric), has gone into operation.Courtesy of MOLThe first LNG shipment under a long-term supply agree
Oil & Gas Trade
17-07-2023
Longboat and Japex Create New Player on Norwegian Oil & Gas Stage
Longboat Energy, an emerging full-cycle North Sea E&P company established by the former management team of Faroe Petroleum, and Japan Petroleum Exploration Co., Ltd (JAPEX) have completed all the steps required for the creation of their Norwegian join
Oil Price
17-07-2023
Iran Raises August Light Crude Price to Asia - Source
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for August, an industry source with knowledge of the matter said on Monday.The June price is up 15 cents fro
LNG
17-07-2023
Chevron Opted to Buy vs Build US LNG Processing, Gas Executive Says
The logo and trading information for Chevron is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2022. REUTERS/Brendan McDermid/File PhotoChevron Corp (CVX.N) is comfortable with buying U.S. liquefi
LNG
17-07-2023
Analysis: Vietnam's Big Bet on LNG May Not Ease Its Power Crisis
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoVietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it
Oil Price
15-07-2023
Nigeria, Other OPEC Nations Earn $873.6bn From Oil Export in 2022
Nigeria and other countries in the Organization of Petroleum Exporting Countries(OPEC), earned $873.6 billion from oil export in 2022.The OPEC’s petroleum export revenues climbed to the highest in a almost a decade last year, as Russia&rsquo
Oil Price
14-07-2023
California New Oil Well Approvals Have Nearly Ground to a Halt
Active pumpjacks from oil wells are pictured at the Inglewood Oil Field, the largest urban oil field in the United States, from the Baldwin Hills Scenic Overlook in Culver City, California, U.S., March 10, 2022. REUTERS/Bing Guan/File PhotoJuly 13 (Reuter
Hydrogen Transport
14-07-2023
Greek Gas Grid Eyes 1-Billion Euro Hydrogen Pipeline
The Bermuda-flagged LNG tanker Methane Lydon Volney, is seen offshore of the islet of Revithoussa, Greece, September 21, 2022. REUTERS/Costas Baltas/File PhotoGreek gas grid operator DESFA wants to build a 1 billion euro ($1.12 billion) hydrogen pipeline
Oil & Gas Supply
14-07-2023
Exxon to Buy Denbury for $4.9 Billion in Carbon Storage Bet
Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File PhotoExxon Mobil Corp (XOM.N) on Thursday agreed to buy Denbury Inc (DEN.N) for $4.9 billion to accelerate its energy transition busines
LNG
13-07-2023
Mitsubishi Shipbuilding Receives Order for 12 Units of Lng Fuel Gas Supply System (FGSS)
For LNG-fueled Vessels to Be Built by Imabari Shipbuilding Group, Including Car Carriers and also Bulk Carriers- Order for high-pressure systems for 9 car carriers and 3 bulk carriers that will use LNG as its main fuel.- FGSS units to contribute to decarb
LNG Carrier
13-07-2023
Nextdecade Finalizes $18 Billion Investment to Construct Largest U.S. LNG Export Facility
Houston-based NextDecade Corporation has announced an $18.4 billion final investment decision to construct the first three liquefaction trains at its Rio Grande LNG terminal, the largest proposed liquefied natural gas (LNG) export facility in the United S
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