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LNG
Qatar Inks World's Largest Single Shipbuilding Order in China
Oil & Gas Trade
15-01-2023
Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports
A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in Greece.The new unit in Alexandroupolis is planned to have 840 MW in capacity. It is expected t
Energy Security
14-01-2023
Lithuania-Latvia Gas Pipeline Hit by Explosion, Operator Says
A gas pipeline connecting Lithuania and Latvia, like the one seen here, has been hit by an explosion. Reuters.A gas pipeline connecting Lithuania and Latvia was hit by an explosion on Friday but there was no immediate evidence of an attack, Lithuanian gas
Africa Energy
13-01-2023
Mele Kyari Says Nigeria Can Hit 2.2 MB/D Crude Oil Production in 2023
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has said that the country can achieve a 2.2 million barrels per day crude oil production output in 2023.He stated this during the 13th Global United A
Oil Exploration
13-01-2023
2014-Built Multi-Purpose Support Vessel Getting Battery Hybrid System
DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server.DeepOcean is chartering the MPSV from Stavanger-based shipowner Simon Møkster Shipping, who
World Energy Outlook
13-01-2023
South America to Stay ‘Key Region for High-Impact Exploration’, Westwood Says in 2023 Outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil p
LNG
13-01-2023
Europe’s Scramble for Natural Gas Will Not Affect Renewable Energy Transition, Irena Says
Francesco La Camera, director general of Irena, at an event in Berlin. EPAThe transition to renewable energy will remain steady in the long-term even as European countries scramble to increase their natural gas imports, the director general of the Abu Dha
United States
13-01-2023
Oil Prices Rise After Surging 3% On China Recovery Optimism
Pump jacks at an oilfield in Texas. Oil futures gained despite a surprise rise in US crude stocks.Oil prices rose on Thursday after surging by about 3 per cent in the previous session amid increasing hopes of a rebound in fuel demand in China.Brent, the b
Oil Price
11-01-2023
Further Oil Stock Releases by Iea Member Countries ‘on the Table’
Further releases of oil stocks by International Energy Agency member countries are on the table in the event of market disruptions, the agency's chief energy economist said on Wednesday.In perspective, there are still substantial stocks available
Oil Price
11-01-2023
Oil Prices Fall on Us Crude Build-up and Recession Fears
The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wednesday amid a build-up in US crude stocks and growing fears of a global economic slowdown.Brent,
Natural Gas
10-01-2023
Germany's Natural Gas
Germany
09-01-2023
Challenges Remain Despite Gas Prices Drop in Europe
Photo taken on June 28, 2022 shows the site of the Midia natural gas development project in Vadu village on the Black Sea coast in southeastern Romania. [Photo/Xinhua]ROME - Helped by mild winter weather and high storage, prices for natural gas in the Eur
OPEC
09-01-2023
Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of Petrol
Energy Investment
09-01-2023
Qatarenergy, Us Giant Take Investment Decision on Massive $6 Billion Ras Laffan Complex
Qatari giant also awarded EPC contract for project's ethylene plant to pairing of Samsung Engineering and CTCIQatarEnergy and US giant Chevron Phillips Chemical have taken the final investment decision to build a massive petrochemical complex in Q
Natural Gas
09-01-2023
Conrad Awarded Indonesia Blocks With Development, Multi-Tcf Exploration Potential
Acreage offshore Aceh hosts existing gas discoveries awaiting exploitationAsia-focused independent Conrad Asia Energy has been awarded two new production sharing contracts offshore Indonesia, which offer fast-track development options for existing shallow
Oil Field
09-01-2023
Petronas Awards Banang Oilfield Prize
Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production, operations and maintenance services under the Technical Service Agreement for its Banang o
LNG
09-01-2023
LP Gas Price Increases for the First Time in 2023
The federal government published the maximum prices for LP gas for the second week of 2023.The Energy Regulatory Commission (CRE) announced the prices applicable to Liquefied Petroleum (LP) gas for the week of January 8 to 14, 2023 for the 201 regions int
Oil&Gas Drilling
09-01-2023
China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan
(Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern Amu Darya basin as the group seeks to increase revenue.oil rig for oil productionXinjiang Central Asia Petroleum
Oil&Gas Drilling
06-01-2023
Extra Time for Shelf Drilling Tenacious in Angola
Shelf Drilling reports that it has secured a further 12-month extension on the Shelf Drilling Tenacious jack-up rig in direct continuation of its current contract for drilling operations offshore Angola. The rig is now committed until November 2024.The Te
Oil & Gas Supply
06-01-2023
Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competit
Oil Price
06-01-2023
Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO
OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not going to let Brent stay around $75 a barrel, Scott Sheffield said, adding that it wouldn&rs
Oil Exploration
06-01-2023
China, Philippines to Negotiate Oil and Gas Exploration Talks in South China Sea
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing
LNG
05-01-2023
Gazprom JV Sues Linde Over Stalled LNG Project
A court in St. Petersburg has frozen the Russian assets of industrial gases and engineering giant Linde, which is being sued by a Gazprom joint venture over a stalled gas-processing and LNG project at Ust-Luga on Russia's Baltic Sea Coast.In recen
Oil Exploration
05-01-2023
First Oil Flows Into Jack-up Rig After It Gets New Lease on Life as Mopu
India’s government-owned company Oil & Natural Gas Corporation (ONGC) has welcomed the first oil flowing into a jack-up rig, which was recently converted into a mobile offshore production unit (MOPU).ONGC disclosed on Tuesday that the 1973-b
LNG
04-01-2023
Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria
President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adviser to the President on media, Femi Adesina, President Buhari made the promise when he receive
Oil & Gas Trade
04-01-2023
FPSO Gets More Time With Eni Off Nigeria
While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage and offloading (FPSO) vessels, which will continue carrying out operations on a field located of
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