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Oil Exploration
Asia's First Cylindrical Fpso Facility Completed in E China
Oil & Gas Trade
21-06-2023
Serbia Establishes Joint Gas Company With Hungary
President Aleksandar Vučić, President Katalin Novak, Prime Ministers Ana Brnabić and Viktor Orban attended the session of the Strategic Council of Serbia and Hungary. [EPA-EFE/Vivien Cher Benko / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES]At the Strategi
Oil Price
20-06-2023
Oil Prices Drop Following China's Lowering Main Rate for LPR
Trading data indicate a slight decline in world oil prices on Tuesday morning, as markets assess the prospects for growth in demand for this type of raw material in China, Trend reports.The price of August futures for Brent Crude Oil fell by 0.2 percent t
Oil&Gas Drilling
20-06-2023
Woodside Sanctions $7.2 Billion Deepwater Oil Project
Australia’s energy giant Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico located 30 km south of the Mexico-U.S. maritime border.Illustration; Source: WoodsideBack in Dec
LNG Carrier
20-06-2023
Polish Briefing: Orlen's 2nd LNGTanker I Pge's Hydroelectric Power Plant I Tauron Joins Pge's Platform
A gas carrier at an LNG terminal. Picture by Polish LNGOrlen’s second gas carrier is coming to ŚwinoujścieOn June 17, a gas carrier named Grażyna Gęsicka set off on its first voyage to Poland with a cargo of liquefied natural gas (LNG). The unit
Natural Gas
20-06-2023
Qatar Set to Strike Second Big Lng Supply Deal with China
FILE PHOTO: CNPC (China National Petroleum Corporation) logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoQatar is set to secure its second large gas supply de
Oil&Gas Drilling
20-06-2023
Kuwait Oil Company to Invest $43 Billion on New Oil Projects, CEO Says
Kuwait intends to expand production by nearly 200,000 barrels per day
LNG Carrier
20-06-2023
LNG-Powered Icon of the Seas Kicks off Sea Trials
Royal Caribbean International’s first LNG-powered cruise vessel, Icon of the Seas, has left the outfitting pier from Meyer Turku shipyard situated in Turku, Finland.Image credit Royal Caribbean InternationalIcon of the Seas will be conducting we
Oil & Gas Supply
20-06-2023
UK and Norway's Energy Transition Tale Spotlights Oil & Gas Electrification, Offshore Wind, CCS, and Hydrogen as Main Chapters
The global energy crisis brought financial and energy woes to Europe, ushering in the energy trilemma and enslaving the world in security, affordability, and sustainability concerns with a greater focus on the double whammy of energy security and affordab
Oil&Gas Drilling
19-06-2023
Israel Approves Gas Field Development Offshore Gaza Strip
Israel has decided that the Gaza Marine natural gas field offshore Gaza should be developed, subject to security coordination with the Palestinian Authority and Egypt, Israel’s government said on Sunday.In the framework of the existing efforts b
Oil & Gas Supply
19-06-2023
Uzbekistan to Import 2.8 Billion Cubic Meters of Russian Gas per Year
Uzbekistan will import 2.8 billion cubic meters of Russian gas per year. This is stated in the gas purchase and sale agreement concluded between UzGasTrade and Gazprom Export, the Ministry of Energy of Uzbekistan reports.The document was signed on June 16
Oil & Gas Technology
19-06-2023
American Carbon Registry Lists “First of It’s Kind” Oil, Gas Well Plugging Project by Rebellion Energy
(WO) – On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion’s project, for which it com
Oil&Gas Drilling
19-06-2023
Pure Oil & Gas Advances Texas Drilling Operations at First Well
(WO) – Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas.Source: ReutersJeremy Larsen, President of Pure Oil & Gas, In
Gas Turbine
19-06-2023
U.S. Pipeline Giant: Energy Transition Will Need More Natural Gas Infrastructure
U.S. natural gas infrastructure will have to expand so that gas can serve as a backup power generation fuel amid soaring wind and solar capacity in the energy transition, says the chief executive of the pipeline giant handling one-third of U.S. gas delive
Coal Production
19-06-2023
Green Baseload Hub to Replace Coal, Gas Generation in Eastern Germany
German coal miner LEAG is planning a massive clean energy hub, comprising up to 14 GW of wind and solar energy generation paired with 2 GWh to 3 GWh of battery energy storage and 2 GW of green hydrogen production. Combined, these technologies are expected
Oil Field
16-06-2023
Pertamina and Partners to Invest $800M in Algerian Oil Field
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian state oil company Pertamina on Friday announced the renewal of a contract for the development of a
Oil & Gas Technology
16-06-2023
The Global Gas Generating Systems Market Size Is Expected to Surpass a Valuation of Us$ 21 Billion by 2033 | Future Market Insights Inc.
The global gas generating systems market size is expected to surpass a valuation of US$ 20.8 billion by 2033. The market is estimated to witness a CAGR of 9.4% in the next ten years from 2023 to 2033. It is projected to elevate in 2023 by reaching a valua
Oil&Gas Drilling
16-06-2023
BW Energy Starts Production From Second Hibiscus / Ruche Well
BW Energy announced that production has safely started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. Production performance from the well has been in line with expectations and is currently stabilized
LNG
16-06-2023
Totalenergies Buys $219M Stake in US LNG Developer
TotalEnergies will buy a 17.5% stake in US liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company's Rio Grande LNG export project to proceed.NextDecade sa
Crude Oil
16-06-2023
Oil Futures up 3PC on Strong China Refinery Data
HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump in refinery runs in top crude importer China.Brent futures rose $2.07, or 2.8%, to $75.27 a barrel by 1:00 p.m. EDT (1700 GMT), while US W
LNG
15-06-2023
Pakistan, Azerbaijan to Ink Lng Import Agreement
Pakistan and Azerbaijan will sign an agreement today on supplies of liquified natural gas (LNG), a source familiar with the matter told Trend.Pakistani Cabinet's Economic Coordination Committee (ECC) granted approval to a framework agreement betwe
Crude Oil
15-06-2023
Russia’s Revenue From Oil Export Increases by USD 1.7 Billion
A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo | AFP)Sanctions on Russian oil by Western countries have failed to make any dent in its oil ex
LNG
15-06-2023
World’s Largest Fsru Receives First Lng Ahead of Hong Kong Lng Terminal Launch
MOL FSRU Challenger, also known as the world’s largest floating storage and regasification unit (FSRU), has received the first LNG as part of a commissioning process for Hong Kong’s first offshore LNG terminal.Courtesy of MOLThe FSRU&a
LNG
15-06-2023
First LNG Project in Western Pacific Goes Offline as Black Smoke Billows Out
An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei Darussalam, which is considered to be the first in the Western Pacific.Brunei LNG; Source: Mitsubishi CorporationAccordi
LNG Carrier
15-06-2023
WinGD Powering Lng-Hybrid Vessels
The new car carriers for NYK will feature emissions reduction technology, energy management and digital optimization solutions from WinGD. (Image: WinGD)NYK Line said the configuration will be 40% more energy efficientSwiss marine power company WinGD is s
Oil & Gas Supply
15-06-2023
Growth in Global Oil Demand Is Set to Slow Significantly by 2028
New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand.Growth in the world’s demand for oil is set to slow almost to a halt in the
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