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Oil & Gas Trade
TotalEnergies states commitment to increase investment in Malaysia’s upstream O&G sector - Anwar
Oil&Gas Drilling
07-04-2023
Aker BP Gearing Up to Spin the Drill Bit off Norway
Norwegian oil and gas player Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the Norwegian Sea. The drilling work is expected to be carried out using one of Saipem’s rigs.Scarabeo 8 rig;
Oil&Gas Drilling
07-04-2023
Halliburton Backs Repsol With Well Construction Suite
Spanish oil company Repsol has implemented a well construction solution from Halliburton in order to automate and streamline its well design process.Illustration; Source: HalliburtonAccording to Halliburton, the Landmark DecisionSpace 365 Well Constructio
Oil Pipeline
06-04-2023
NCDMB Performs Groundbreaking of Pipe Manufacturing Plant at Polaku
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has performed the groundbreaking ceremony of a pipe manufacturing plant at Polaku Bayelsa State, being promoted by AS Energies Limited. The plant
Natural Gas
06-04-2023
IDC to Fund Kinetiko-Afro Energy JV for South Africa Gas Development
Australian firm Kinetiko Energy has announced that the Industrial Development Corporation of South Africa (IDC) has advanced R16,300,000 as part of its R70,000,000 commitment into its joint venture with Afro Energy, the proposed 100% subsidiary of Kinetik
Natural Gas
06-04-2023
Totalenergies and the Iraqi Government Make Plans to Move Forward With Gas Growth Integrated Project
While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have, through exchanges in the past months, including in four occasions between Prime Minister Al-Sudani and Chairman &
Market Analysis
06-04-2023
GECF Unveils 4th Annual Gas Market Report
Doha, QATAR – 5 April 2023: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (AGMR). The Report provides an in-depth analysis of natural gas markets, covering recent
Energy Investment
06-04-2023
Expending Business in Romania Oil Dynamics Wins Tender With OWV Petrom
OMV Petrom SA and Oil Dynamics GmbH have recently signed a five-year supply and service agreement for the provision of Electric Submersible Progressive Cavity Pumps (ESPCP) in Romania.In order to carry out the contract in the well-known Oil Dynamics quali
Oil&Gas Drilling
05-04-2023
2nd Asset Integrity Management Conference
We are thrilled to announce that the 2nd Asset Integrity Management Conference - Qatar will be hosted by Cogent Event Management Solutions on May 23-24, 2023 in Doha, Qatar. The conference promises to bring together industry leaders and professionals to e
Oil Exploration
04-04-2023
Fresh Batch of Offshore Contracts Brings Saipem $650 Million
Italian oilfield services provider Saipem has been awarded three new offshore engineering, procurement, construction and installation (EPCI) contracts and two front-end engineering design (FEED) competition deals, totalling approximately $650 million.Saip
LNG
04-04-2023
BAKER HUGHES RECEIVES MAJOR LNG ORDER FROM QATARENERGY
Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of
Natural Gas
04-04-2023
ACCC No Longer Forecasts Gas Supply Shortfall
The east coast gas market should see sufficient gas supply for 2023, as the latest report from the Australian Competition and Consumer Commission (ACCC) indicates that previous concerns have been solved.In August 2022, when the ACCC forecast a shortfall o
Oil Pipeline
03-04-2023
Sri Lanka & India in Talks for an Oil Pipeline From India to Trincomalee Port
Sri Lanka's President, Ranil Wickremesinghe, on Tuesday, March 28, disclosed that his government is in discussions with India to construct an oil pipeline to transport fuel to the Eastern Port of Trincomalee.According to a news report published by
Natural Gas
03-04-2023
IEC Eyes Maiden Gas Field Development in Indonesia
New York-listed upstream independent Indonesia Energy Corporation (IEC) is negotiating an extension for its producing Kruh block onshore Sumatra, Indonesia, where it is hoping to exploit gas alongside the already flowing oil.IEC unexpectedly found evidenc
Crude Oil
03-04-2023
Surprise Move: OPEC+ Announces Deep Production Cuts to Stabilise Crude Markets
Together with Russia’s announced production cuts, Opec+ move spells output cuts of 1.6 million barrels per daySaudi Arabia, the United Arab Emirates (UAE) and other key oil-producing members of the wider Opec+ alliance have announced surprise pr
Oil & Gas Trade
03-04-2023
EU to Maintain Russian Oil Price Cap at $60
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now.The bloc&r
LNG
03-04-2023
GTT Entrusted by Hyundai Samho Heavy Industries With the Tank Design of Three New LNG Carriers
GTT has announced that it has received an order from its partner the Korean shipyard Hyundai Samho Heavy Industries for the tank design of three new LNG carriers, on behalf of an Asian ship owner.GTT will design the tanks of these three vessels, which wil
Oil Price
03-04-2023
UAE Petrol and Diesel Prices to Decrease in April
Petrol prices have dropped for a second time this year. Victor Besa / The NationalThe prices of petrol and diesel in the UAE will fall in April, it has been announced.This is the second drop in petrol prices this year. Prices also fell in January due to l
Oil & Gas Trade
03-04-2023
OPEC+ Likely to Maintain Output Cut Amid Strong Oil Market Fundamentals
Opec+ slashed its output by 2 million barrels per day in October last year. ReutersOpec+ will most likely roll over its existing output cuts when it meets on April 3 despite the recent market turmoil that dragged oil prices to their lowest in more than a
Oil & Gas Trade
03-04-2023
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil production cuts. ReutersOpec+ members Saudi Arabia, the UAE, Iraq, Kuwait, Oman and Algeria will im
Oil Price
03-04-2023
Cornwall Insight Release Price Cap Predictions for July and October 2023
Prior to the introduction of the April-June 2023 Default Tariff Cap (price cap), Cornwall Insight are releasing our latest predictions for the third and fourth quarters of 2023. Our forecasts place Q3 (Jul – Sept) at £2,024 and Q4 (Oct
Natural Gas
31-03-2023
Chevron, Marathon Oil and Equatorial Guinea Govt Pursuing Further Development of Gas Mega Hub
Houston-based energy company Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, has inked a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Chevron’s Noble Energy E.G. Ltd, to move
Oil Price
31-03-2023
Oil Stable on Mixed Drivers, Market Eyes Iraq Exports
Oil was nearly steady as a surprise drop in US crude stockpiles offset a smaller-than-expected cut to Russian supplies, while investors closely watched developments on Iraqi Kurdistan oil exports.Brent crude futures fell 5 cents, or 0.1 per cent, to $78.2
Natural Gas
31-03-2023
Osaka Gas and Mhi to Collaborate in CO2 Value Chain Development for CCUS
TOKYO, Mar 31, 2023 - (JCN Newswire) - Osaka Gas Co., Ltd. (Osaka Gas) and Mitsubishi Heavy Industries, Ltd. (MHI) have entered into an agreement to conduct a feasibility study on a project to develop a CO2 value chain for CCUS (Carbon Capture, Utilizatio
Oil Refinery
31-03-2023
ADIPEC Downstream Technical Conference
Organised by dmg events, the ADIPEC Downstream Technical Conference offers a wide-reaching platform for the downstream industry. The Conference promotes the exchange of best practice, drives innovation and unlocks market opportunities for investment and g
Oil Refinery
31-03-2023
Mitsubishi Power Supporting Efficient Utilization of Hydrogen in the Petroleum Refining Process
- Launch of Service for Optimization of Energy Balance Using TOMONI -- Support for optimization of hydrogen volume regulation and utilization of by-product hydrogen during the desulfurization stage at the ENEOS Corporation Sakai Refinery.- Expansion into
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