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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
24-10-2023

Chevron to Buy Hess Corp for $53 Billion in All-Stock Deal
Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's (XOM.N) massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.The Chev
LNG
23-10-2023

Eni Signs Long Term LNG Agreement for Deliveries From North Field East Expansion Project in Qatar
Eni has signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The availa
Oil Field
23-10-2023

China Discovers Its First 110-Billion-M³ Deep Coalbed Methane Field
A view of the Shenfu deep CBM field in Yulin City, northwest China's Shaanxi Province. /CMGChinese offshore operator China National Offshore Oil Corp (CNOOC) announced on Monday the discovery of its first deep coalbed methane (CBM) field with prov
Oil & Gas Trade
23-10-2023

Singapore to Centralize Gas Purchases to Boost Energy Security
Natural gas Photographer: Betty Laura Zapata/Bloomberg , Bloomberg(Bloomberg) -- Singapore will centralize natural gas purchases in a bid to improve the stability and security of its power sector.The nation will aggregate demand from generating companies,
Oil & Gas Trade
23-10-2023

National Oil Sounds Out Oil Majors for Strategic Partner Deal
A National Oil branded petrol station. FILE PHOTO | NMGThe National Oil Corporation of Kenya (NOC) has reached out to the top three oil multinationals in the country as it steps up efforts to strike a deal with a strategic partner to boost its turnaround
Oil & Gas Trade
23-10-2023

Sonangol and Chinese CNCEC Sign a Contract for the Construction of the Lobito Refinery in Angola
Sonangol and China National Chemical Engineering Company (CNCEC) signed a contract for the construction of the Lobito Refinery in Angola. The final agreement, which provides for construction, technical support and supervision, follows the Memorandum of Un
Oil & Gas Trade
23-10-2023

Russia's Gazprom to Supply Extra Gas to Hungary and China This Year
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsRussia's Gazprom (GAZP.MM) will supply extra gas to Hungary through the coming winter and will also provide China wit
Oil&Gas Drilling
23-10-2023

Siba Gas Field's Production to Be Raised to 100 Million Cubic Feet
The gas field of Siba in Basra, Iraq. Photo: ReutersBaghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, stated on Friday that the ministry will increase the production of the Siba gas field in Basra governorate from 60 millio
LNG
23-10-2023

BP Delivers First Cargo From Expanded Tangguh LNG Facility Offshore Indonesia
(WO) – bp, on behalf of the Tangguh production sharing contract partners, announced that the first cargo of liquefied natural gas (LNG) produced by the new third liquefaction train at the Tangguh LNG facility, in Papua Barat, Indonesia, has safe
Oil Field
23-10-2023

CNOOC Limited Discovers Deep Coalbed Methane Field With Proved Gas In-Place of Over 100 Billion Cubic Meters
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has discovered the Shenfu deep coalbed methane (CBM) field in China, adding proved gas in-place of over 100 billion cubic meter
Oil and Gas Equipment
23-10-2023

Own Bio-Cng Filling Stations for 360 Gas Trucks
DHL is investing in its own filling station infrastructure for bio-CNG (compressed natural gas) at selected parcel centres for the Post & Parcel Germany division. The climate-neutral fuel made from waste and residual materials is supplied by OG Clean
Oil & Gas Trade
22-10-2023

Nigeria’s Palm Oil Imports From Malaysia Increased by 65.3% – Report
Nigeria’s palm oil imports from Malaysia, a leading global producer, increased by 65.3 per cent in the first nine months of 2023.Data obtained by our correspondent from the Malaysian Palm Oil Council revealed that the country’s palm oi
Crude Oil
22-10-2023

China’s Crude Oil Production up 1.9 Pct in First Three Quarters
China's output of crude oil went up 1.9 percent year on year in the first three quarters of 2023, official data showed.The country produced 156.72 million tonnes of crude oil during this period, according to the National Bureau of Statistics (NBS)
Oil&Gas Drilling
21-10-2023

Giant Fpsu Collided With Jack-up Oil Rig, Crew Evacuated, Denmark
Mikhail VoytenkoNewsOctober 21, 2023 1:34 amFacebookTweetGoogle+ Post Views: 71FPSU ZAFIRA PRODUCER broke off mooring at around 1700 UTC Oct 20 at Frederikshavn, Denmark, drifted across basin and contacted berthed Jack-up drilling unit NOBLE RESILIENT, cr
Oil & Gas Trade
20-10-2023

Pakistan Signs Oil Purchase Agreement With Russia
Significant progress has been reported in the purchase of cheap oil from Russia, as Pakistan has signed a long-term oil purchase agreement with Moscow.Under the agreement signed on a commercial basis, local refineries will buy oil directly from Russia and
Oil Field
20-10-2023

Beach Energy Makes Another Gas Discovery in Perth Basin
Beach Energy Ltd has made a gas discovery at Tarantula Deep 1 in Australia’s Perth Basin, the second one made from the company’s three operated exploration wells so far.The Tarantula Deep 1 well reached a total depth of 13,520 feet (4,
Oil & Gas Trade
20-10-2023

Brazil's Petrobras to Cut Gasoline, Raise Diesel Prices
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes Acquire Licensing RightsBrazilian state-run oil firm Petrobras (PETR4.SA) said on Thursday it will c
Oil & Gas Trade
19-10-2023

Pakistan Signs Long-Term Oil Purchase Agreement With Russia
Oil Tankers AssociationSignificant progress has been reported in the purchase of cheap oil from Russia, as Pakistan has signed a long-term oil purchase agreement with Moscow.Under the agreement signed on a commercial basis, local refineries will buy oil d
Thermal Coal
19-10-2023

Czech Government Plans Coal Phase-Out by 2033 and Oil and Gas by 2050
The plan presents an outlook for the development of the energy sector until 2030. By then, electricity consumption will increase by around one-tenth compared to today Czech Energy and Trade Minister Jozef Síkela said on Wednesday. [EPA-EFE/MART
Cooperation case
19-10-2023

Railways Along the Belt and Road | Italian Pasta, Kazakhstani Wheat
On the 10th anniversary of the Belt and Road Initiative (BRI), let's take the railways in BRI partner countries and explore the projects as well as the local sights and sounds. In this article of the "Railways Along the Belt and Road" se
Crude Oil
19-10-2023

PRL Signs Long-Term Deal With Russia for Crude Oil Supply
Caretaker PM Kakar and caretaker Energy Minister Mohammad Ali are witnessing the signing ceremony of the MOU between United Energy Group of China and Pakistan Refinery Limited for investment in the petroleum sector of Pakistan, Beijing, 18th October 2023.
Oil & Gas Supply
19-10-2023

Oil up About 2% On Big US Crude Storage Draw, Middle East Tension
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo Acquire Licensing RightsOil
LNG
19-10-2023

Germany Builds up LNG Import Terminals
Model of LNG tanker is seen in front of Germany's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsState-owned Deutsche Energy Terminal will hold two auctions for short-term regasific
Solar Power Plant
18-10-2023

In the First 2/3 of 2023, New U.S. Solar Generating Capacity Surpassed Growth by All Other Energy Sources, Including Wind and Natural Gas.
A review by the SUN DAY Campaign of data newly released by the Federal Energy Regulatory Commission (FERC) reveals that utility-scale solar and wind provided the majority (53.0%) of new U.S. generating capacity added in the first two-thirds of 2023.In its
LNG
18-10-2023

Qatarenergy, Shell Sign 27-Year Lng Supply Agreement for Netherlands
Doha, Qatar: Affiliates of QatarEnergy and Shell signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of LNG from Qatar to the Netherlands.Pursuant to the SPAs, the LNG will be delivered to

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