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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Oil & Gas Trade
02-11-2023

Gazprom to Produce Oil and Gas in Kyrgyzstan
A project has been approved, according to which Gazprom PJSC will produce oil and gas in the country, provide our population with gas and process oil at our refineries,» the Minister of Energy of Kyrgyzstan Taalaibek Ibraev said at the XII St. P
Oil & Gas Trade
02-11-2023

Russia to Lose $4 Bln Tax Take as It Reverses Cut In Refining Subsidy
Russia's hasty restoration of a "damper" subsidy for oil refiners will not only cost the state budget 400 billion roubles ($4.3 billion) in subsidies this year, but also a one-off 350 billion roubles in taxes, Reuters calculations show.T
United States
02-11-2023

New Fortress Energy May Need to Reapply for Mexico LNG Permit -US
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 Acquire Licensing RightsThe U.S. Department of Energy (DOE) has warned New Fortress Energy (NFE.O) if any portion of
Oil&Gas Drilling
02-11-2023

US Oil Output Hits Record as Producers Boost Drilling Efficiency
A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick Oxford/File Photo Acquire Licensing RightsU.S. oil and gas production has co
Oil & Gas Trade
02-11-2023

Australia Court Halts Santos' $3.6 Bln Barossa Gas Pipeline Works
The logo of Australian oil and gas exploration and production company Santos is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSantos (STO.AX)
Oil & Gas Trade
01-11-2023

McDermott and Ptsc to Rake in Over $1 Billion for Asian Gas Project
U.S. offshore engineering and construction player McDermott, as part of a consortium with Petrovietnam Technical Services Corporation (PTSC), has gotten its hands on a limited letter of award, which is expected to bring more than $1 billion for work on a
Oil & Gas Supply
01-11-2023

Equinor to Supply Gas to Germany's Rwe for Five Years
Equinor and RWE signed a five-year agreement for the supply of Norwegian gas to Germany at up to 52.97 billion cubic feet a year.gas.Equinor ASA and RWE AG have signed a five-year agreement for the supply of Norwegian gas to Germany at up to 52.97 billion
LNG
01-11-2023

Qatarenergy LNG Delivers 1,000th Shipment to South Hook Terminal
QatarEnergy LNG has delivered the 1,000th LNG shipment to the South Hook LNG Terminal at Milford Haven in the United Kingdom.The landmark delivery was made by the Q-Max LNG carrier ‘Mozah’, which already has another landmark achievemen
Oil & Gas Trade
01-11-2023

Shell to Sell Pakistan Unit to Saudi Firm
FILE PHOTO: Shell logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoShell Pakistan on Wednesday (Nov 1) said its parent company's unit, Shell Petrole
Oil Price
01-11-2023

Saudi Arabia May Hold Arab Light Price to Asia Steady for Dec
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsTop oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little chang
Oil Price
01-11-2023

India Hikes Windfall Tax on Petroleum Crude to 9,800 Rupees/Ton
The Indian government has increased the windfall tax on petroleum crude to 9,800 Indian rupees ($117.70) per ton from 9,050 rupees per ton starting Wednesday, according to a government notification on Tuesday.The windfall tax on aviation turbine fuel that
Natural Gas
01-11-2023

Equitrans US Mountain Valley Natgas Pipe on Track for Q1 Completion
Equitrans Midstream (ETRN.N) remains on track to complete the Mountain Valley natural gas pipeline from West Virginia to Virginia in the first quarter of 2024 at an estimated cost of $7.2 billion, U.S. energy company Equitrans Midstream (ETRN.N) said on T
Oil & Gas Trade
31-10-2023

Saudi Arabia's Wafi Energy Eyes Acquisition of Shell Pakistan Limited
WAFI Energy LLC, one of the leading fuel station companies in Saudi Arabia, is eyeing 77.42% shares and control of Shell Pakistan Limited (SHEL).Shell Pakistan announced the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.It is h
Oil & Gas Trade
31-10-2023

Petrochina posts record $6.3 bln quarterly income on higher output, fuel sales
Model of petrol pump is seen in front of PetroChina logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAsia's largest oil and gas producer PetroChina Co Ltd reported 21% year-on-year growth in t
LNG
31-10-2023

India's petronet not seeking additonal Qatar LNG under deal renewal
India's top gas importer Petronet LNG (PLNG.NS) is not seeking additional volumes when it renews its long-term liquefied natural gas (LNG) deal with Qatar, its head of finance V. K Mishra said on Monday on an analyst call.Petronet has a 7.5-millio
Oil & Gas Trade
31-10-2023

Australia LNG workers vote in support for Chevron deal
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsAn Australian u
LNG
30-10-2023

Vietnam's biggest LNG terminal becomes operational
The 1 million-tonne Thi Vai liquefied natural gas (LNG) terminal project, the biggest of its kind in Vietnam, was officially put into operation in the southern province of Ba Ria - Vung Tau on October 29.The Thi Vai LNG terminal is based in Phu My town of
Oil&Gas Drilling
30-10-2023

Sakarya Gas Field's Daily Production to Rise to 40 Mln Cubic Meters: Minister
The daily natural gas production at the Sakarya field will be increased to 10 million cubic meters in a short period of time from the current 4 million cubic meters, Energy Minister Alparslan Bayraktar has said.We aim to increase the production later to 4
Oil&Gas Drilling
30-10-2023

China makes breakthrough with its 1st gas turbine for offshore rigs
China has made a breakthrough in key technology by building its first gas turbine for offshore oil and gas rigs.The gas turbine, named Taihang-7, was launched on Sunday inside the Lufeng 8-1 floating oil and gas platform on the South China Sea, about 180
Oil & Gas Trade
30-10-2023

Germany's Scholz Says His Country Willing to Invest in Nigerian Gas, Minerals
Germany’s Chancellor, Olaf Scholz, and Nigeria’s President, Bola Tinubu, meeting in Abuja on Oct. 29, 2023. (Image by the Presidency Nigeria, Twitter.)German Chancellor Olaf Scholz said on Sunday his country was willing to invest in ga
Oil & Gas Trade
30-10-2023

Israel Awards Gas Exploration Licences to ENI, BP and Four Others
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.It said that one group that inc
Oil & Gas Trade
30-10-2023

UK Regulator Awards 27 Oil, Gas Exploration Licenses
Britain's oil and gas regulator, the North Sea Transition Authority (NSTA), on Monday awarded 27 new hydrocarbon exploration licenses, even as climate activists criticise the government for allowing fresh drilling.The licensing round, the first of
Crude Oil
28-10-2023

China Announces Total Amount of Non-state Crude Oil Imports Permitted for 2024
Non-state companies in China will be permitted to import a total of 243 million tonnes of crude oil in 2024, the same amount as is permitted this year, the Ministry of Commerce has announced.The commerce ministry also published in a statement the applicat
Oil & Gas Trade
28-10-2023

Mexico's Pemex Gets Billions More in Government Support
The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Acquire Licensing RightsMexican state energy company Pemex said on Friday it had received billi
LNG
27-10-2023

Australia's Origin in Talks to Import LNG From Venice Energy's Terminal
Australian energy infrastructure developer Venice Energy said on Friday power producer Origin Energy (ORG.AX) is in talks to import liquefied natural gas (LNG) from its Outer Harbor LNG import terminal and be the sole user for at least a decade.The Outer

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