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Oil & Gas Trade
Bulgarian State-Owned Gas Company Makes Big Losses Due to Contract With Turkey
Crude Oil
27-04-2023
US Crude to Dominate Brent Oil Benchmark Under Index Change
Texas crude is set to assume a key role in the world's most important benchmark - Brent - as oil-index publisher S&P Global Platts adds US WTI Midland crude to its dated Brent oil price assessment for June deliveries.Dated Brent is a part of t
LNG
27-04-2023
Petrochina Signs LNG Deal With Malaysia’s Petronas
PetroChina International said it has signed a sales and purchase agreement with Malaysia's Petronas to buy liquefied natural gas (LNG).The deal, signed on April 17, is the pair's first medium-to-long-term LNG sales and purchase agreement,
LNG
27-04-2023
Eni Launches $5BN LNG Project in Congo
Italian energy group Eni and Congo Republic's government launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in 2025.The development of the liquefied natural gas (LNG) capacity is par
Natural Gas
27-04-2023
Indigenous Australians Are Suing Pension Funds Over Santos Gas Projects
A group of Indigenous Australians filed a human rights complaint against 20 large Australian pension funds for investing in Santos two gas projects, putting pressure on the funds over their fossil fuel investment plans.Three traditional landowners, in the
Oil Price
27-04-2023
Oil Rises as Falling US Inventories Refocus Market on Demand
Oil rose after plunging more than 2 per cent in the previous session as reports of falling US crude oil and fuel inventories refocused investors on robust demand in the world's top oil consumer.Brent crude climbed by 40 cents, or 0.5 per cent, to
Natural Gas
27-04-2023
Russia to Diversify China Gas Supply Routes Away From Gazprom
Russia is considering supplying natural gas to China by a pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said.Artem Verkhov, head of Russia&
Natural Gas
26-04-2023
Tourmaline, Clean Energy Partner to Build CNG Stations in Canada
Tourmaline Oil Corp. and Clean Energy Fuels Corp. on April 18 a $70 million joint development agreement to build and operate a network of compressed natural gas (CNG) stations along key highway corridors across Western Canada. Through their 50-50 shared i
Oil and Gas Equipment
26-04-2023
Pumping Test in Bochum Oil Dynamics Performs Successfully
The innovative, energy-saving fifth generation of heating and cooling supply can be realized. The required pumping test was successful.Around 70 to 75 percent of the heating and cooling requirements of the companies and research facilities on the new MARK
Oil Exploration
25-04-2023
UK Oil & Gas Operators Facing ‘Biggest Offshore Stoppage in a Generation,’ as Offshore Workers Down Tools
With the wave of industrial action gathering momentum, the UK’s Unite the union has confirmed that 1,300 offshore workers will embark on a historic 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS),
Oil Exploration
25-04-2023
Deepocean’s Autonomous Inspection Drone Set to Hit the Water
DeepOcean has mobilized its first Autonomous Inspection Drone (AID), said to be able to unlock substantial cost savings for offshore wind and oil & gas operators.Source: DeepOceanThe project is a strategic partnership between DeepOcean, Argus Remote S
Oil Exploration
25-04-2023
James Fisher Subtech Busy With Fifth ‘Major’ Contract With BP
James Fisher Subtech (JF Subtech) is carrying out its fifth major contract with BP and foreshore terminal underwater inspection services at the oil & gas major’s import terminal in the South East of England.Source: James Fisher SubtechThe ta
Oil Exploration
25-04-2023
Dril-Quip Subsea Trees in Place at Woodside’s Gulf of Mexico Field
U.S. manufacturer of drilling and production equipment Dril-Quip has completed the installation of subsea trees at a Woodside-operated oil and gas field in the U.S. Gulf of Mexico.In a statement issued on 21 April, Dril-Quip announced the installation and
Oil Shale
25-04-2023
US Shale Industry Wages Set to Grow as Companies Boost Output
Higher production in oil-rich Permian Basin is expected to add 7,000 jobs by the end of next year
Oil Price
25-04-2023
Oil Dips on Concerns Further Interest Rate Increases May Dampen Crude Demand
Crude futures last week recorded their first weekly loss since March
LNG
23-04-2023
Baker Hughes to Supply Gas Turbine for Petronas Sabah LNG Project
Baker Hughes, an energy technology company, has been awarded an order to be booked in 1Q23 by Black & Veatch, a subcontractor to the JGC and Samsung Heavy Industries consortium, to deliver two LM9000-driven compressor trains for the PETRONAS nearshore
Natural Gas
23-04-2023
Major Shifts in Global Energy Market Could Spell the End of Cheap Natural Gas
While U.S. natural gas futures prices have fallen sharply in recent months, higher prices and increased volatility could be on the long-term horizon as the energy transition accelerates and European markets respond to recent supply constraints.Rising U.S.
Natural Gas
23-04-2023
Firebird Energy Ii Announces Partnership With Quantum in the Permian Basin
FireBird Energy II LLC ("FireBird II" or the "Company") announced the Company has secured equity commitments in excess of $500 million anchored by funds managed by Quantum Energy Partners (Quantum).The founders and employees of FireBir
Natural Gas
23-04-2023
Buru Energy Provides Rafael Gas and Condensate Commercialisation Update
Buru Energy has announced that as part of its continuing efforts to identify the most value accretive development of its potentially large scale Rafael conventional gas and condensate discovery in the Canning Basin, it has completed a pre-feasibility stud
Oil & Gas Supply
23-04-2023
Oil Discovery Near the Gudrun Field in the North Sea
The well was drilled about 5 km west of the Gudrun field in the North Sea, and about 230 km west of Stavanger. The objective of the well was to prove petroleum in reservoir rocks in the intra-Draupne Formation from the Upper Jurassic.Well 15/2-2 S encount
Oil & Gas Supply
23-04-2023
Halliburton Nigeria Oil Production Facility Reaches 10 Mmbbl Milestone
Halliburton Testing and Subsea (TSS) Nigeria is celebrating two significant milestones: an early production facility (EPF) recently processed its 10 millionth boe . Equally impressive, the team reached the milestone with zero lost-time incident (LTI) days
OPEC
23-04-2023
Putin, Saudi Crown Prince Discuss OPEC Cooperation
(Bloomberg) – Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talked about OPEC+ cooperation by phone, the Kremlin said.Vladimir PutinThe two leaders expressed satisfaction with the level of coordination within OPEC+
LNG
23-04-2023
CEO: Woodside’s Stalled Browse LNG Project Still ‘Very Attractive'
(Reuters) — Woodside Energy Group Ltd.'s CEO played down concerns over the status of its long-delayed Browse LNG project on Friday after the company reported a decline in first-quarter sales revenue relative to the December quarter.The estimated A
Oil Pipeline
23-04-2023
Colombia’s Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
(Reuters) — The suspension of pumping operations at Colombia's Cano Limon-Covenas oil pipeline will be prolonged after a new bombing attack damaged its infrastructure in the country's Arauca province, oil transportation company Cenit said.
Oil Pipeline
23-04-2023
Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
(Reuters) — Chad has recalled its ambassador to neighboring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy.Chad said in a statement late on Thursday that the president of
Oil Pipeline
23-04-2023
Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
(Reuters) — Canada's TC Energy on Friday said a 14,000-barrel oil spill from its Keystone pipeline in rural Kansas in December was primarily due to a progressive fatigue crack, which originated during the construction of the pipeline.The Calgary-b
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