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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
06-05-2025

Totalenergies Breaks Ground on Middle East’s First LNG Bunkering Hub
TotalEnergies, a French energy company, and Oman’s OQ Exploration and Production have begun construction of the Marsa LNG plant at the port of Sohar, Oman. The project, aimed at establishing the Middle East’s first LNG bunkering hub, m
Crude Oil
06-05-2025

With Brazilian Oil Project Approved, BW Energy Sets Sights on Doubling Output by 2028
BW Energy, an Oslo-listed oil and gas exploration and production company, has approved the final investment decision for the Maromba field development in the Campos Basin, located 100 kilometers off Brazil’s coast. The project includes an integr
Coal Production
06-05-2025

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. The plan includes scheduling numerous lease sales in the Gulf of Mexico and Alaska to enhance dom
Natural Gas
30-04-2025

Austria’s OMV Expects Gas Production in Neptun Deep Project to Start in 2027
Austrian energy company OMV announced on April 30, 2025, that gas production from the Neptun Deep project in the Black Sea is scheduled to begin in 2027. The project, located offshore Romania, is a joint venture between OMV’s Romanian subsidiary
Natural Gas
30-04-2025

French Firm Wins Work On Qatarenergy’s Giant Gas Field Expansion Project
Larsen & Toubro Limited (L&T), an Indian company, has awarded a detailed engineering design contract to Technip Energies, a French engineering firm, for an offshore compression project commissioned by QatarEnergy LNG, a subsidiary of Qatar&rsq
LNG
30-04-2025

Germany’s Third LNG Terminal Drawing Closer to Startup
A floating storage and regasification unit (FSRU), named Excelsior, has arrived in Wilhelmshaven, Germany, to become part of a liquefied natural gas (LNG) terminal operated by Deutsche Energy Terminal (DET). The FSRU reached its designated island pier in
RNG
30-04-2025

Viridi Energy Brings First Company-Operated RNG Facility Online in Baldwin County, Alabama
Viridi Energy, a prominent renewable natural gas (RNG) platform, has launched operations at its new RNG facility in Summerdale, Alabama, in collaboration with the Solid Waste Disposal Authority of Baldwin County. The facility, located at the Magnolia Land
Oil Refinery
30-04-2025

Mexico’s Olmeca Refinery Will Restart and Halt Was ‘Nothing Serious,’ President Says
Mexico’s Olmeca refinery, located at the port of Dos Bocas, is prepared to resume production following a temporary outage, President Claudia Sheinbaum announced during a press conference. She clarified that the interruption was not due to sabota
Crude Oil
30-04-2025

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output
Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivalent (boed) for oil, gas, and gas liquids. This reflects a slight 0.2% decrease compared to t
Crude Oil
29-04-2025

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease
Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns with preparations for potential changes in OPEC+ production limits and evolving global market
Oil&Gas Drilling
29-04-2025

Drillers in Canada Shift to Natural Gas as Trade War Drives Down Oil Prices
In Alberta, Canada’s primary energy region, drilling companies are increasingly focusing on natural gas due to declining oil prices driven by global market dynamics and an OPEC+ decision to boost production. According to the Alberta Energy Regul
Crude Oil
29-04-2025

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, listed on the Shanghai Stock Exchange, attributed the drop to lower oil prices and challenge
Oil Refinery
29-04-2025

Spanish Oil Refineries Shut Down After Power Blackout
On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spain’s second-largest refinery operator. The disruption significantly impacted the energ
LNG
29-04-2025

Woodside Greenlights $17.5 Billion US LNG Project, Targets 2029 Start
Woodside Energy, an Australian energy company listed as WDS.AX, announced its final investment decision for a Liquefied Natural Gas (LNG) project in Louisiana, USA, with a total capital expenditure of approximately $17.5 billion.The logo for Woodside Petr
Oil & Gas Trade
28-04-2025

Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses
Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire on May 27. The company is loading at least 2.5 million barrels of Venezuelan crude this mont
FLNG
28-04-2025

Wison New Energies Nets Work on Petronas FLNG Set for Suriname
China’s Wison New Energies has finalized the detailed feasibility study for a new floating liquefied natural gas (FLNG) facility to be located offshore Suriname. This project is set to be deployed at the Petronas-operated Block 52, which has bee
Natural Gas
28-04-2025

Ecopetrol Working to Ensure Continuation of Offshore Gas Projects in Carribean
Ecopetrol S.A. has launched a collaborative strategy to secure the future of gas projects in Colombia’s Southern Caribbean after Shell announced its withdrawal from offshore assets in the region. The decision, tied to Shell’s global po
Oil&Gas Drilling
28-04-2025

Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ output limits. The surge, based on January and February data, shows production drilling averag
Crude Oil
28-04-2025

USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), rose by 0.2 million barrels from the week ending April 11 to the week ending April 18. Crude
Oil and Gas Equipment
28-04-2025

CHC, Court Helicopters Partner to Enhance Offshore Safety, Transportation in Namibia
CHC Helicopter (CHC) has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters to explore a strategic partnership focused on search and rescue (SAR) and crew change services in Namibia.The MoU outlines that CHC will
LNG
27-04-2025

PIL’s First 8,200 TEU LNG Dual-Fuel Boxship Named in China
Pacific International Lines (PIL), a Singapore-based shipping company, celebrated the naming of its first 8,200 TEU LNG dual-fuel containership, Kota Oasis, at a ceremony held at the Yangzijiang Shipbuilding yard in China. This vessel marks the first of f
Crude Oil
27-04-2025

US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the deep waters of the Gulf of Mexico. The change, announced on Thursd
LNG
27-04-2025

Axpo Bolsters LNG Bunkering Business With Operations at Second Spanish Port
Axpo, a Switzerland-based renewable energy producer, recently completed its first ship-to-ship LNG delivery in Spain. The operation took place at the Port of Algeciras, transferring approximately 5,000 cbm of LNG from the 2021-built 7,500 cbm Avenir Aspir
Natural Gas
27-04-2025

Ukraine Needs $2.9 Billion to Buy Gas in 2025, National Bank Says
On April 25, 2025, Ukraine’s National Bank announced that the country requires $2.9 billion to fund gas imports in 2025, following damage to domestic gas production facilities from missile and drone attacks earlier this year. The attacks, which
FLNG
25-04-2025

Logistics Provider Picked for Black & Veatch’s FLNG Newbuild Pair
Black & Veatch, a U.S.-based engineering and construction firm specializing in energy infrastructure, has selected Marinetrans, a Norwegian logistics provider, to manage project logistics for two floating liquefied natural gas (FLNG) vessel constructi

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