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Oil Exploration
Asia's First Cylindrical Fpso Facility Completed in E China
Oil&Gas Drilling
14-06-2023
Totalenergies Announces Oil, Gas Discovery Offshore Nigeria
TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria.The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast coast of Nigeria.It said the Ntokon-1A
Gas Turbine
14-06-2023
Russia Says Construction of Gas Hub in Türkiye Can Help Solve Global Energy Crisis
Russian Foreign Minister Sergey Lavrov says food crisis can be resolved through grain exports to poorest countries under Black Sea Grain InitiativeRussian Foreign Minister Sergey Lavrov said on Tuesday that the construction of a gas hub in Türkiy
Oil Price
14-06-2023
China Cut the Retail Prices of Gasoline and Diesel From Wednesday, the 6th Cut This Year
China cut the retail prices of gasoline and diesel, effective today, Wednesday, 14 June 2023.This is the sixth cut (so far) this yearGasoline and diesel prices will be reduced by 55 yuan (about 7.69 U.S. dollars) per tonne and 50 yuan per tonneChina
Oil & Gas Supply
14-06-2023
UK Enriches Its Gas Arsenal as Another North Sea Well Comes Online
UK-headquartered IOG plc has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea, boosting the UK energy market’s domestic gas supply.Blythe platform; Source: IOGThe Blythe H2 well, w
Crude Oil
13-06-2023
As Profit From Renewables Dwindle, Shell Returns to Crude Oil
Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits c
Crude Oil
13-06-2023
UNSC: Russia Resumed Refined Oil Exports to N. Korea in December
Photo : YONHAP NewsRussia officially resumed oil product exports to North Korea in December of last year after a hiatus of over two years.According to the UN Security Council(UNSC) website on Tuesday, Russia provided a cumulative total of 67-thousand-300
Oil Price
12-06-2023
US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions
The Bryan Mound Strategic Petroleum Reserve facility at Freeport, Texas. The US Department of Energy says the reserve system has a 'long history of protecting the economy and American livelihoods in times of emergency oil shortages'. Reute
LNG Carrier
12-06-2023
Spanish Government Greenlights El Musel Lng Terminal Start-up
El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the Demographic Challenge.Courtesy of EnagásAccording to the Spanish energy company
Oil&Gas Drilling
12-06-2023
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut
BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about demand growth after Saudi Arabia’s weekend decision to cut output.Brent crude future
Oil Exploration
12-06-2023
Pennsylvania Expects $400 Million in Infrastructure Funds to Begin Plugging Thousands of Abandoned Oil Wells
One scientist studying toxic emissions from the wells called the amount “woefully inadequate” in a state where officials say there are probably 250,000 such abandoned drill sites that need remediation.
LNG
09-06-2023
LX International Enters LNG Terminal Business
South Korean commodity trading and mining company LX International has announced it will partner with POSCO International to build LNG storage tanks and facilities in Dangjin, Chungcheongnam-do, and enter the LNG terminal business to lease and operate the
LNG Carrier
09-06-2023
Fratelli Cosulich Forms Lng Bunkering Partnership With Titan
Italian maritime transportation group Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier Titan as it seeks to strengthen its position in the European LNG bunkering market.LNG bunkering vessel Alice Cosulich. Courtesy o
Crude Oil
08-06-2023
Crude Oil Prices Impacted by Weak Data From China
China’s trade balance came down to $65.81 billion in May against $90.21 billion in June. May’s trade balance numbers were below the market expectations.Crude oil prices traded lower on Wednesday morning following weak data from China,
Oil Field
08-06-2023
Canada’s Irving Oil Starts Strategic Review That Includes Possible Sale
Irving Oil, owner of Canada's largest refinery, is launching a strategic review that includes the option of a full or partial sale, the privately-held company said on Wednesday.The New Brunswick-based company owns the 320,000 barrel per day (bpd)
Natural Gas
07-06-2023
Future Developments in Midstream Natural Gas Investment: Focus on Asia Pacific
Gas Exporting Countries Forum (GECF)Galia FazeliyanovaEnergy Economics AnalystAt a Glance§ Continuing underinvestment or investment 'gap' in natural gas supply is one of the key drivers of the ongoing global energy crisis. It is t
United Kingdom
06-06-2023
Harbour Energy’s Viking CCS Project Aims to Transform the Humber into UK’s Leading CCS Hub
Carbon Capture and Storage (CCS) can play a major role in achieving net zero across the UK and the world. CCS is necessary to capture and store the carbon dioxide that would otherwise be released into the atmosphere through power generation, or industrial
Oil & Gas Technology
06-06-2023
Gastech Unveils 2023 Strategic Conference Programme, High-Level Keynote Speakers
· Gastech unveils its 2023 strategic agenda and speakers, including participation from senior executives of Baker Hughes, ExxonMobil, Shell, and the International Energy Forum, as well as other global business leaders in energy, finance, and technology.·
Crude Oil
06-06-2023
Matahio Energy completes acquisition of onshore assets in New Zealand
TARANAKI, New Zealand, June 6, 2023 - (ACN Newswire) - Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Taranaki Basin, North Island, New Zealand.Matahio will be the operator of these licenses, holding
Oil Price
05-06-2023
Natural Gas Price News: XNG/USD Bulls Eye $2.30 Amid Economic Optimism, Doubts on US DOE Forecasts
Natural Gas price extends the previous day’s rebound from one-month low.Upbeat China data underpins hopes of recovery in demand from world’s biggest energy consumer.US DoE anticipates XNG/USD oversupply, Chinese consumption snapped 11-
Oil Price
05-06-2023
Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut
Sausi Arabia's Prince Abdulaziz bin SalmanSaudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.The bold move by the most important
Oil & Gas Supply
05-06-2023
Mexico Approves $4.5 Billion Zama Development Plan
Mexican hydrocarbons regulator CNH has approved the development plan submitted by state-owned energy company Pemex and its partners for the Zama shallow-water field in the Sureste basin off the coast of Tabasco state.The decision paves the way for the Pem
Natural Gas
05-06-2023
Azerbaijan Is One of the Best Places to Produce Renewable Energy
BAKU, Azerbaijan, June 5. Azerbaijan is one of the best places to produce renewable energy, Pattabi Seshadri, Managing Director & Senior Partner, Global Leader of Energy Practice at Boston Consulting Group (BCG), headquartered in Boston, Massachusetts
Crude Oil
05-06-2023
Saudi Arabia to Cut Oil Output by 1 Million Barrels per Day to Boost Slumping Prices
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (AP Photo/Lisa Leutner, File) FRANKFURT, GERMANY - Saudi Arabia will reduce how much oil it
LNG
02-06-2023
Biden at Risk of Breaking Climate Promise With $500 Million of Public Finance for Lng Imports in Poland
Biden at risk of breaking climate promise with $500 million of public finance for LNG imports in PolandAt its June 6 board meeting, the U.S. International Development Finance Corporation (DFC) is likely to consider a $500 million guarantee for Goldman Sac
Oil & Gas Trade
02-06-2023
Pakistan Exports Record 90,000 Tons of Fuel Oil in May
KARACHI: Pakistan shipped 90,000 tons of fuel oil in May 2023 to reduce a huge stock built up over the last several months amid low demand in the country, industry sources told The News on Thursday.Fuel oil exports reached 250,000 tons in the last three m
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