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Oil & Gas
Oil&Gas Drilling
'Major' Oil Player Books Jack-up Rig for Drilling Gig Offshore Qatar
Oil&Gas Drilling
21-03-2024
Angola to Maintain Oil Output at 1.1. Million Bpd Through at Least 2027
Angola is producing about 1.1. million barrels per day of crude, similar to its level before it exited the Organization of the Petroleum Exporting Countries, and expects to maintain those volumes at least until 2027.Output at Africa's second-large
Oil & Gas Supply
20-03-2024
Shell to Close 1,000 Gas Stations to Focus on EV Charging Deployment
Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations.In its latest Energy Transition Strategy report, England-based Shell says it pl
Oil&Gas Drilling
20-03-2024
Kazakhstan’s Oil Reserves Reach 4.4 Billion Tons
Kazakhstan’s current oil reserves amounted to 4.4 billion tons as of the beginning of the year, said the Energy Ministry in an official response to Tengrinews on March 19.Photo credit: CNBCNearly 80% of all recoverable oil reserves come from 10
Oil & Gas Supply
20-03-2024
Exxon Mobil Eyes 2 Million Bpd of Output in the Permian by 2027
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab will bring its Permian basin output up to 2 million barrels per day by 2027, while
Oil & Gas Trade
20-03-2024
Enbridge Eyes 120,000 Bpd Expansion to Gray Oak, Texas Oil Pipeline by 2025
The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase
Natural Gas
19-03-2024
Mitsubishi, 7 Others to Form Coalition to Promote Electric Natural Gas
The logo of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing RightsMitsubishi Corp (8058.T), opens new tab said on Tuesday it will form an international coalition with seve
Oil&Gas Drilling
19-03-2024
Israel’s Ratio Petroleum to Start Seismic Survey of Philippine Gas Field
Israel's Ratio Petroleum Energy (RTPTp.TA), opens new tab will begin this month an extensive seismic survey off the Philippines' western coast to look into the area's oil and gas potential, the energy ministry said on Monday.Ratio
Oil Field
19-03-2024
China’s CNOOC Discovers 100 Million Ton Oilfield in Bohai Sea
The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo Purchase Licensing RightsChina'
Oil & Gas Trade
19-03-2024
BP’s Whiting, Indiana Refinery Back to Normal Operations After Feb Outage
The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsBP's (BP.L)
Oil & Gas Supply
19-03-2024
Exxon Mobil Reports Unit Shut After Furnace Fire at Baytown, Texas Refinery
Exxon Mobil (XOM.N), opens new tab reported hydroformer unit 3 was shut after a furnace fire at its 564,440 barrel-per-day (bpd) Baytown, Texas refinery on Sunday, as per a regulatory filing.The company expects to meet its contractual commitments, as per
LNG
19-03-2024
ADNOC Signs 15-Year Supply Deal with Unit of Germany’s Sefe
File photo: A person walks past a Abu Dhabi National Oil Company (ADNOC) poster during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022. REUTERS/Amr Alfiky/File photo Purchase Li
Oil&Gas Drilling
18-03-2024
One of World’s Largest Semi-sub Rigs Comes Back to UK Port Ahead of Resuming Drilling Gig With BP
A giant semi-submersible rig, which is considered to be one of the largest ones ever built, has gone back to the UK’s Kishorn Port (KPL), a 50/50 joint venture between Ferguson Transport (Spean Bridge) and Leiths (Scotland), to prepare for its r
Oil & Gas Trade
18-03-2024
Iran Inks Big Contracts to Increase Oil Production
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.In a ceremony broadcast on state TV, the oil ministry and Iranian businesses signed deals worth $13 billion to i
Oil & Gas Trade
18-03-2024
Kuwait Oil Company Q8 to Buy 50% of Italian Biodiesel Producer Ecofox
The Italian branch of Kuwait Petroleum International (KPI), Q8,said on Saturday that it would buy a 50% stake in Italian biodiesel producer, EcoFox, as part of efforts to reduce its fossil-fuel emissions."This deal constitutes a pioneering step to de
Oil&Gas Drilling
18-03-2024
NSW Gov Bans Offshore Petroleum and Mineral Mining
The New South Wales Government has banned seabed petroleum and mineral mining off the state’s coast.The government secured support from across the New South Wales Parliament to implement the ban, making New South Wales the first state in Austral
Oil&Gas Drilling
18-03-2024
Chinese Oil Major CNOOC to Begin Talks on Angola Oil Exploration
Chinese oil major CNOOC (0883.HK), opens new tab is sending a group of senior executives to Angola for talks on oil exploration opportunities, the Angolan oil and gas ministry said on Sunday.Angola left oil producer group OPEC in December and wants to str
Natural Gas
18-03-2024
Ukraine Has No Plan to Extend Russian Gas Transit Deal
Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom (GAZP.MM), opens new tab on the transit of Russian gas to Europe or to sign another one.Despite Moscow's invasion of Ukraine in 2022, Russian gas is
Natural Gas
18-03-2024
Egyptian Natural Gas Holding to Expand in Saudi Arabia
The Egyptian Natural Gas Holding Co. (EGAS) has established a subsidiary in Saudi Arabia with initial capital of SAR 2 million ($530,000), Egypt's Ministry of Petroleum said on Sunday.Owned 80% by EGAS, the newly established natural gas company &q
LNG
18-03-2024
Venture Global LNG to Buy Fleet of LNG Vessels
Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Purchase Licensing RightsVenture Global LNG said on Sunday it would acquire a fleet of nine liquefied natu
Japan
16-03-2024
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
- Global gas turbine leader for a second consecutive year with 36% global gas turbine market share and 56% Advanced Class gas turbine market share- Cumulative orders for J-class gas turbines surpassed 120 units, contributing to the company's top m
LNG
16-03-2024
Germany Adds Fourth FSRU Further Expanding Imports and LNG Supply Stability
Germany’s liquefied natural gas (LNG) import capacity is set to increase by up to five billion cubic meters (bcm) following the arrival of the floating storage and regasification unit (FSRU) Energos Force at the port of Stade. It is the first un
Oil & Gas Trade
16-03-2024
India Hikes Windfall Tax on Petroleum Crude
The Indian government has raised its windfall tax on petroleum crude to 4,900 rupees ($59.15) a tonne from 4,600 rupees with effect from March 16, according to a government notification released on Friday.
Oil&Gas Drilling
16-03-2024
US Drillers Add Most Oil and Gas Rigs in a Week Since September - Baker Hughes
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew//File Photo Purchase Licensing RightsU.S. energy firms this week added the biggest num
Oil Exploration
16-03-2024
Exxon-Led Group Strikes New Oil and Gas Discovery off Guyana
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab on Friday disclosed a new oil and gas discovery in the prolific Stabroek block off
Oil Price
16-03-2024
Oil Prices Dip, but Set for Weekly Gain of Over 3%
A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsOil prices dipped on Friday, a day a
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