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LNG
Qatar Inks World's Largest Single Shipbuilding Order in China
Natural Gas
09-03-2023
Ceraweek: Collapse in Us Natural Gas Prices Dents Market for Shale Deals
(Reuters) — This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to buy when prices were much, much higher.The price volatility has scuppered plans by a unit of T
Oil Pipeline
09-03-2023
Reelwell as Announces Frame Agreement With Equinor to Provide Drill Pipe for Their Operations
The company has announced the signing of a frame agreement with Equinor ASA to provide DualLink™ powered and wired drill pipe for their operations, ahead of installing and operating the system at their Oseberg field.We are very pleased to have s
Energy Security
09-03-2023
German Minister: Nord Stream Attacks May Be ‘False Flag’ Operation
STOCKHOLM (Reuters) - German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, suggesting the attack could also have been a "false flag" o
Oil Refinery
08-03-2023
Hyundai Engineering Secures Advantageous Position From Oil Refinery Construction in Indonesia
An aerial photo of Balikpapan Oil Refinery built by Hyundai Engineering in East Kalimantan on Borneo Island, IndonesiaThe Balikpapan Oil Refinery, built by Hyundai Engineering in East Kalimantan on Borneo Island in Indonesia, reached a 68 percent operatio
LNG
08-03-2023
Shell and Equinor Complete LNG Project Negotiations With Tanzania
Tanzania’s Ministry of Energy has announced on Twitter that the negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway’s Equinor, and UK’s Shell are complete and exper
LNG
08-03-2023
DUH Objects to Planned Pipeline for the LNG Terminal off Rügen in Germany
Archive / Courtesy of Deutsche ReGasThe German Environmental Aid (Deutsche Umwelthilfe – DUH) has objected to the construction of a pipeline to connect the planned LNG terminal off Rügen in Germany and asked the responsible Stralsund Mi
Oil&Gas Drilling
07-03-2023
Market Insights on Offshore Drilling Riser & Up-To-Date Key Trends
The global offshore drilling riser market was estimated to reach a valuation of USD 3.8 Billion in the year 2022. With a steady CAGR of 2.2% from 2023 to 2033, this market is expected to reach USD 4.1 Billion by 2023 and USD 4.9 Billion by 2033.Two main d
Natural Gas
07-03-2023
Europe’s Gas Storage Levels Forecast to Finish Winter Higher Than 2020
Modelling from Cornwall Insight suggests European gas storage levels will end this winter between 45-61% full, with an average of 55% and could reach 88-100% full by September 2023. The data, included in our insight paper ‘Crisis behind, challen
LNG
07-03-2023
Chesapeake Energy, gunvor sign Long-term lNG supply agreement
(WO) – Chesapeake Energy Corporation and Gunvor Group Ltd announced that Gunvor Singapore Pte Ltd ("Gunvor") has entered into a Heads of Agreement ("HOA") with Chesapeake Energy Marketing L.L.C. ("Chesapeake"), a su
Oil&Gas Drilling
07-03-2023
Shell, Qatar energy make light oil discovery offshore Namibia
(WO) – QatarEnergy made a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia.The Jonker-1X well was drilled to a total depth of 6,168 m in a water depth of 2,210 m. The ac
Natural Gas
06-03-2023
PG&E Customers’ March Natural Gas Bills Expected to Decrease on Average 75%
After three months of higher-than-normal natural gas market prices driving up energy bills, Pacific Gas and Electric Company (PG&E) customers can expect, on average, a 75% decline in their March natural gas bills.The decrease is due in part to PG&
Oil & Gas Supply
06-03-2023
Slim Bunker Demand Pressures Low-Sulphur Fuel Oil
The increased use of vessel exhaust scrubbers has boosted HSFO demand, narrowing the spread with lower-sulphur bunker fuel, write Sammy Six and Sarah GiamVery-low sulphur fuel oil (VLSFO) has fallen to a 10-month low against high-sulphur fuel oil (HSFO),
SINOPEC
02-03-2023
Sinopec Begins $1.56BN Upgrade at Northern China Refinery
China's Sinopec said it has started building a project worth 10.8 billion yuan ($1.56 billion) in a northern subsidiary refinery aimed at manufacturing more high-end chemicals.The project, being built alongside Sinopec's Shijiangzhuang ref
Oil & Gas Supply
02-03-2023
Shell Energy Adds Last of 16 Solar Batteries to “Landmark” Virtual Power Plant
Dept of Planning and Environment deputy secretary Leon Walker (left) and PDNSW ESG executive director Peter Graham (right). Image suppliedSixteen regional commercial New South Wales government offices will soon act as a rooftop solar fuelled virtual power
Oil & Gas Trade
01-03-2023
Oil Stays Firm on China Growth Hopes
Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rate hikes dragging on consumption in the world's biggest economy.Brent crude futures for
Oil & Gas Supply
28-02-2023
Stored Nord Stream Pipes To Be Used With a Floating LNG Terminal in the Baltic
3000 pipes, originally intended to be used to transport Russian gas as part of the Nord Stream 2 pipeline system, have been lying in limbo for over a year in the German port of Mukran in Ruegen on the Baltic Sea.The Russian war of aggression on neighborin
Oil & Gas Trade
28-02-2023
Benchmarking: Outlook for Demand, Global Balances Diverge
Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major forecasters surveyed here.Additional supply of hydrocarbon liquids will come to approximately 1.
Oil & Gas Trade
28-02-2023
Cornwall Insight Responds to the Announcement of the April Price Cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280 per year, nearly a £1,000 drop for a typical user c
Oil & Gas Supply
27-02-2023
Bass Oil (Asx:Bas) Predicts Higher Oil Production Rates From Workover Program at Worrier, South Australia
Bass Oil (BAS) expects an upcoming workover program to triple oil production rates at its Worrier field in the Cooper Basin of South AustraliaThe company has planned a workover program at its Worrier 8 and Worrier 11 wells which, upon completion, is antic
Oil&Gas Drilling
27-02-2023
Namibia’s Exploration Multi-Well Drilling Campaign Begins Amidst High Expectation
TotalEnergies’ move to direct $300 million – half of its 2023 budget – in exploring Namibian basins this yearAfrica-focused independent exploration company, Impact Oil & Gas has launched a multi-well drilling program offs
Oil & Gas Trade
27-02-2023
Venture Global Will Supply 2 MT/Year of US Lng to China Gas Holdings
The US LNG company Venture Global has signed two 20-year LNG supply agreements with the Chinese gas distributor China Gas Holdings totalling 2 Mt/year. Under the deals, China Gas will buy 1 Mt/year of LNG on a free-on-board (FOB) basis from the Plaquemine
Oil & Gas Trade
26-02-2023
European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says
The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank
Oil&Gas Drilling
25-02-2023
14% Increase in Offshore Drilling in North America Makes Usa’s Petroleum Liquid Feedstock Market Highly Important for the Economy
FMI anticipates that the global petroleum liquid feedstock market valuation could reach US$ 313 billion in 2023. As per the projection of the analysts, the market is likely to record a value of over US$ 474.1 billion by 2033, registering a CAGR of 4.2% be
Oil Exploration
24-02-2023
Guyana to Award Oil, Gas Blocks to Indian Companies
Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said.The South American nation, home to one of the largest oil discoveries of the last decade, has also offered 14 o
LNG
24-02-2023
Cheniere Starts Permitting Process for Sabine Pass LNG Expansion
Cheniere Energy Partners, a subsidiary of Cheniere Energy, has initiated permitting process for the expansion of LNG export capacity at the Sabine Pass terminal located in Cameron Parish, Louisiana.Cheniere announced on 23 February that the pre-filing rev
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