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Oil & Gas Trade
COP29 Climate Summit Host Azerbaijan Defends Oil and Gas Investments
Crude Oil
15-05-2023
Tight Market for Sour Crude Oil to Squeeze US Gulf Coast Refiners
Sour crude oil supplies for US Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month's Opec+ production cut.The oil producing group's 1.16 million barrel per day cut
Oil Pipeline
15-05-2023
G7, EU to Ban Restart of Russian Gas Pipelines
The Group of Seven (G7) industrial powers and the European Union will ban Russian gas imports on routes where Moscow has cut supplies, the Financial Times reported on Sunday, citing officials involved in the negotiations.The decision, to be finalised by G
Oil&Gas Drilling
15-05-2023
Totalenergies Picks Shearwater for Surveys Offshore UK
French major TotalEnergies has awarded Norway’s Shearwater GeoServices with a contract to carry out surveys over its gas fields located west of Shetland, offshore the UK.Source: Shearwater GeoServicesUnder the contract, Shearwater will carry out
Oil&Gas Drilling
15-05-2023
Shell and Petrobras Book Noble’s Drillships
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships.Noble Voyager. Source: Noble CorporationShell has contracted Noble V
Oil Exploration
11-05-2023
With Delays Out of the Way, UK Oil & Gas Firm Enters Angola
UK-headquartered and AIM-listed company Afentra plc has completed the acquisition of interests in two blocks offshore Angola from Croatia’s INA-Industrija Nafte. This marks the UK player’s entry into Angola.FSO Palanca; Source Stapem O
Oil&Gas Drilling
11-05-2023
‘Major’ Operator Books Transocean’s Idle Rig for Work off Australia
Offshore drilling contractor Transocean has secured a new contract with an undisclosed operator in Australia for a semi-submersible rig, which has been in idle mode since October 2022, when the rig finished its assignment with Equinor in Norway.Transocean
Oil & Gas Supply
11-05-2023
EIA Expects More Generation From Renewables and Natural Gas This Summer
The U.S. Energy Information Administration (EIA) expects that this summer will see the second-most U.S. natural gas consumption for electricity generation on record, surpassed only by last summer. EIA continues to expect significant growth in U.S. electri
Oil Exploration
10-05-2023
Qatarenergy Enters Suriname Offshore Exploration
QatarEnergy will own a 20% working interest in both blocks, where licensing of the new 3D seismic and associated exploration activities are planned.QatarEnergy has entered into two Production Sharing Contracts for Blocks 6 & 8 offshore the Republic of
LNG
09-05-2023
Australian LNG Producers Rise After More Favourable Petroleum Tax Change
Shares of Australian liquefied natural gas (LNG) producers rose after the government adopted more favourable-than-expected changes to petroleum tax, ensuring the load was shared across the industry and did not impact growth projects.Woodside Energy Group,
Oil Field
09-05-2023
Iraq to Sign Investment Contract With Totalenergies for Flare Gas Recovery Project, Launches New Hydrocarbon Exploration Licensing Round
The project aims to recover 600 million cubic feet of gas currently being flared in oil fields located in Basra, IraqIraq’s Oil Minister, Hayan Abdul Ghani, announced that the country will sign an investment contract with France’s Tota
Oil Price
09-05-2023
Oil Prices Surge as Economic Slowdown Fears Ease
Strong US jobs report last week allayed concerns of a recession in world's largest economyA sign posted on the window of a business looking to hire workers in Miami, Florida. Employers in the US hired more workers in April. AFPOil prices surged on
Crude Oil
08-05-2023
Adnoc to Supply Full Crude Volumes to Asian Buyers in July
The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from the previous month, trade sources said.But Adnoc has informed the term buyers that it will loa
Oil Field
08-05-2023
Ithaca, Shell UK Sign Agreement on Cambo Oil Field Stake Sale
Ithaca Energy said it signed an agreement with Shell UK to market the oil major's 30 per cent stake in the Cambo oil prospect in the British North Sea.The deal provides an option for Shell to sell any remaining portion of its own stake, which is n
Gas Turbine
08-05-2023
Norway Plans Wider Gas Transport Nationalisation
Norway's plan to nationalise gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed.In a su
Natural Gas
08-05-2023
GWC Energy Created to Bolster Global Oil and Gas Industry
Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al ThaniQatar’s logistics leader, GWC Group has floated a new subsidiary, GWC Energy, which is set to become the preferred choice for energy projects across the globe.GWC Energy will deliver solution
Natural Gas
08-05-2023
Middle East Natural Gas Output to Rise More Than 19 per Cent by 2030, Wood Mackenzie Says
Rising exports from the region will have a 'game-changing' effect on global gas markets, consultancy saysIn February, Adnoc delivered the first LNG cargo from the Middle East to Brunsbuttel Port in Germany. Photo: AdnocThe Middle East is e
Natural Gas
08-05-2023
European Natural Gas Prices Fall to 21-Month Low on Record Imports and Rising Stocks
Higher temperatures in the coming few weeks will have limited impact on LNG prices, Rystad Energy saysA regasification ship receives a consignment of gas in the German port town of Wilhelmshaven. ReutersEuropean natural gas prices have fallen to their low
Oil&Gas Drilling
08-05-2023
Israel’s Newmed Energy and Partners Begin Drilling at Aphrodite Gas Field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
LNG
08-05-2023
ADNOC to Proceed Low-Carbon Lng Growth Project in Al Ruwais Industrial City
Through its planned LNG growth project, ADNOC intends to more than double its LNG production capacity to meet increased global demand for natural gasADNOC to proceed low-carbon LNG growth project in Al Ruwais Industrial City. (Credit: ADNOC Group)As part
Oil Price
08-05-2023
Canadian Natural Resources Misses First-Quarter Profit Estimates on Lower Oil Prices
Pipelines at Canadian Natural Resources Ltd.'s Primrose Lake oil sands project near Cold Lake, Alta. PHOTO BY REUTERS/DAN RIEDLHUBER/FILE PHOTOCanadian Natural Resources Ltd. narrowly missed analysts’ estimates for first-quarter profit o
Oil Price
08-05-2023
Oil Prices Inch up as Recession Fears Begin to Fade
By Sudarshan VaradhanSINGAPORE (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, began to recede.Brent crude futures
Crude Oil
08-05-2023
Oil Prices Inch up as Recession Fears Begin to Fade
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/SINGAPORE, May 8 (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recess
LNG
06-05-2023
LNG Canada Project in Kitimat More Than 80% Complete
The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation.Courtesy of LNG CanadaThe delivery was announced by LNG Canada in a s
LNG
06-05-2023
Brittany Ferries Unveils Name of Its New LNG-Battery Hybrid Ferry
Brittany Ferries has revealed the name of its forthcoming ship, which will be able to run on liquefied natural gas (LNG), on battery power, or on a combination of the two in hybrid mode.Brittany FerriesAs disclosed, the new eco-friendly ferry will be name
LNG
06-05-2023
HJSC Rolls Out New LR-Approved LNG Bunkering Vessel Design
South Korean shipbuilder HJ Shipbuilding & Construction (HJSC, formerly Hanjin Heavy Industries & Construction) has developed a new LNG bunkering vessel for which it also obtained approval in principle (AiP) from classification society Lloyd&r
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