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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
05-10-2023

MET Group Sets up LNG Trading Office in Singapore
Switzerland-based energy trader MET Group said on Wednesday it has set up an office in Singapore to focus on liquefied natural gas (LNG) trading as well as asset investments in what will be its first office in Asia.MET's Singapore subsidiary will
LNG
05-10-2023

Trafigura Inks $400 Million Credit Facilities to Buy US LNG for European Customers
Commodities trading group Trafigura has entered into two revolving credit facilities for a total combined amount of $400 million, with insurance from the Export-Import Bank of the United States (US EXIM), to supply European customers with LNG.Courtesy of
LNG
05-10-2023

Baker Hughes to Supply e-LNG Systems for ADNOC Ruwais LNG Project
U.S. energy technology company Baker Hughes has received a letter of award from ADNOC Gas, for and on behalf of Abu Dhabi National Oil Company (ADNOC), to provide two electric liquefaction (e-LNG) systems for the Ruwais LNG project in the United Arab Emir
LNG
05-10-2023

Pakistan to Buy First Spot LNG In Over a Year at Premium Prices
Pakistan is likely to buy its first spot liquefied natural gas (LNG) cargo in more than a year, as it seeks to bridge the gap between winter demand and supply of natural gas, but at a hefty premium to the prevailing market price.Pakistan to buy first spot
Oil&Gas Drilling
05-10-2023

Kuwait Expects Durra Gas Field to Be Fully Commissioned by 2029 -Official
The Durra gas field in the Arabian Gulf is expected to be fully commissioned by 2029, a deputy managing director of Kuwait Petroleum (IPO-KUWP.KW) said on Wednesday.A Kuwaiti-Saudi Arabian development agreement signed last year has been criticized by Iran
Oil Price
30-09-2023

U.S. Natural Gas Prices Slip From Seven-Week High
Benchmark U.S. natural gas prices fell by 2% early on Friday.Thursday’s weekly gas storage report from the EIA was slightly on the bearish side, as net injections into storage totaled 90 billion cubic feet per day (Bcf) for the week ending Septe
LNG
28-09-2023

Qatarenergy, Korea's HHI Sign $3.9 Billion Deal for 17 LNG Carriers
QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries (329180.KS) for the South Korean firm to supply it with 17 liquefied natural gas (LNG) carriers.The deal "will support (QatarEnergy
Oil & Gas Supply
27-09-2023

China Extends Resource Tax Concession on Shale Gas to End-2027
A natural gas appraisal well of Sinopec is seen behind a treatment pond of drilling waste in Langzhong county, Sichuan province March 1, 2011. REUTERS/Stringer/File photo Acquire Licensing RightsChina will extend a resource tax concession for shale gas de
Oil & Gas Trade
27-09-2023

Norway's Equinor Signs 5-Year Gas Supply Deal With Austria's OMV
Equinor's logo is seen next to the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsNorwegian energy group Equinor (EQNR.OL) has signed a five-year agreement to supply ga
Japan
27-09-2023

Qatarenergy Signs Naphtha Supply Deal With Japan's Marubeni
QatarEnergy has signed a long-term naphtha supply deal with Marubeni Petroleum, a subsidiary of Japanese conglomerate Marubeni.QAs per the agreement, starting from October 2023, QatarEnergy will supply up to 1.2 million tonnes per annum of naphtha to Maru
Oil&Gas Drilling
27-09-2023

Britain Gives Green Light to Rosebank Oil and Gas Field
FILE PHOTO: Ithaca Energy logo is seen in this Illustration taken, October 18, 2022. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsBritain has given the go-ahead for Oslo-listed energy company Equinor (EQNR.OL) to develop the Rosebank
LNG
27-09-2023

Cheniere Energy Cuts Intake at 2 US LNG Plants by 1 Bln Cubic Feet/Day
A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren/File PhotoAcquire Licensing RightsThe largest U.S. lique
Oil & Gas Trade
27-09-2023

Pakistan Receives First Shipment of Russian LPG, Russian Embassy Says
Pakistan has received its first shipment of liquified petroleum gas from Russia, Moscow's embassy in Islamabad said on Tuesday, marking Islamabad's second major Russian energy purchase.The shipment, which the embassy said was delivered wit
Oil Pipeline
26-09-2023

With Two Oil & Gas Discoveries in Hand, Bumi Armada Set to Provide Fpso and Flng or Gas Pipeline for Indonesian Project
Armada Akia (ABV), a subsidiary of Malaysia’s Bumi Armada, and Pexco Tarakan have inked a production sharing contract (PSC) with the Indonesian Ministry of Energy and Mineral Resources for an exploration block in the Tarakan Basin, North Kaliman
Oil&Gas Drilling
26-09-2023

Egypt Launches Gas and Oil Exploration Bidding Round
Egypt's petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for Feb. 25.The round includes 10 areas in Egypt's Western Desert, two in the Eastern Desert, seven
Oil & Gas Trade
26-09-2023

Exclusive: Russia's Top Oil and Gas Chiefs to Accompany Putin on China Visit
Russian President Vladimir Putin, accompanied by Chief Executive of oil producer Rosneft Igor Sechin and Deputy Prime Minister Yuri Trutnev, visits Zvezda shipyard to take part in a ceremony to give names to new tanker vessels in the town of Bolshoy Kamen
Oil & Gas Trade
26-09-2023

Nigeria's NNPC, Oil Majors Agree to Shorten Talks on Contracts
The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Acquire Licensing RightsNigeria's state oil firm NNPC Ltd and oil majors on Monday agreed
Oil & Gas Trade
26-09-2023

Exclusive: Poland's Unimot in Talks to Buy Shell's Stake in German Schwedt Refinery -Sources
A view shows oil processing facilities of an PCK oil refinery in Schwedt, Germany October 1, 2022. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsPoland's Unimot (UNTP.WA) has emerged as one of the possible buyers of a 37.5% stake oil m
Oil&Gas Drilling
26-09-2023

Chevron Readies New Oil Drilling Push in Venezuela to Boost Output
A woman walks in the Chevron office as the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. REUTERS/Gaby Oraa/File Photo Acquire Licensing RightsChevron
Oil&Gas Drilling
25-09-2023

Ukrainian Company to Develop Akkas Gas Field Instead of KOGAS
Workers at the Akkas gas field in March 2023. Photo: Iraq Oil ReportBaghdad (IraqiNess.com) – A senior official in the Iraqi Ministry of Oil said that Baghdad will soon terminate the contract with Korea Gas Corporation (KOGAS) to develop the Akk
LNG
25-09-2023

Hong Kong Launches 1st Offshore LNG Terminal
The LNG will be supplied to CLP’s Black Point Power Station and HK Electric’s Lamma Power Station.CLP Power Hong Kong and the Hongkong Electric Co., started the operations of the market’s first offshore liquefied natural gas
Oil&Gas Drilling
25-09-2023

CNOOC Limited Announces Lufeng 12-3 Oilfield Development Project Commences Production
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Lufeng 12-3 Oilfield Development Project has commenced production.The project is located in the eastern South China Sea, with an a
Oil & Gas Trade
23-09-2023

Malaysia's Petronas Poised to Clinch $1.6 BN Deal for Stake in India's Am Green
Picture used for illustrative purposes only.Malaysia’s state oil giant Petronas is close to clinching a $1.6 billion deal for a 25 per cent stake in the ammonia unit of India’s AM Green, according to a Bloomberg report.Petronas is in a
Oil & Gas Trade
23-09-2023

Pakistan to Discuss Long-Term Russian Oil Deal Next Month
Pakistan will hold talks with Russia next month on a long-term arrangement for importing Russian crude oil, as the country seeks to diversify its energy sources and cope with high prices of petroleum products.Pakistan to discuss long-term Russian oil deal
Oil and Gas Equipment
23-09-2023

Mexico's First LNG Plant to Receive Final Piece in Days
The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.LNG developer New Fo

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