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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
09-10-2023

Abu Dhabi's Oil Champion ADNOC Bets on Global Expansion
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state.Like Gulf ne
Oil & Gas Trade
09-10-2023

Australia's Walyering Starts Gas Sales
Australian independent Strike Energy began sales of gas from its Walyering field in Western Australia's (WA) Perth basin on 1 October, with it reporting production has stabilised at 20 TJ/d (534,000 m³/d).The joint venture, 55pc owned by
Oil & Gas Trade
09-10-2023

Investors Commit $1BN to Gas-To-Power Projects
Out of the $80bn gas-to-power projects planned to be established in Nigeria, only $1bn has been committed to these projects by investors, an oil and gas report seen on Sunday showed.In the report, which was put together after the recently concluded policy
Oil Pipeline
09-10-2023

Azerbaijan, Turkey Start Construction of Nakhchivan Gas Pipeline
Turkey's President Recep Tayyip Erdoğan with Azerbaijan's President Ilham Aliyev. Photo Credit: President.azAzerbaijan and Turkey have broken ground on the construction of the long-planned gas pipeline linking Turkey’s gas grid t
Oil & Gas Supply
09-10-2023

Australia Agreed to Ensure a Stable Supply of Energy Resources Such as LNG, Coal to Japan
Japan's Economy, Trade and Industry Minister Yasutoshi Nishimura met in Melbourne with his Australian counterpart Don Farrell for the fifth Japan-Australia Ministerial Economic Dialogue. They were joined by Climate Change and Energy Minister Chris
Oil&Gas Drilling
09-10-2023

Iraq Puts 30 New Oil and Gas Projects up for Grabs
Iraq has launched its fifth+ and sixth licensing rounds in which it plans to award 30 new oil and gas projects.Opec’s second-largest producer has set a January deadline for international energy companies to submit formal letters of intent to tak
Oil & Gas Trade
09-10-2023

Talon Energy and Strike Energy Begin Export of Sales Gas From Walyering From 1 October
Talon Energy Ltd (ASX:TPD) and partner Strike Energy Ltd (ASX:STX) commenced the stabilised export of commissioning gas from the Walyering gas field into the Parmelia Gas Pipeline under an arrangement with Santos WA Energy Ltd on October 1, selling a gros
Oil & Gas Supply
09-10-2023

OPEC Leaders Make Case for Fossil Fuels at Riyadh Climate Event
UAE Industry Minister Sultan Ahmed Al Jaber waves before a meeting between Brazil's President Luiz Inacio Lula da Silva and leaders of countries attending the Amazon Summit at the Hangar Convention Centre in Belem, Para State, Brazil August 9, 202
Oil & Gas Supply
09-10-2023

Saudi Arabia, Other Arab States Reaffirm Commitment to Voluntary Oil Production Adjustments
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo Acquire Licensing RightsBahrain, Iraq, Kuwait, O
Oil & Gas Trade
08-10-2023

Pioneer Shares Jump on Exxon Mega-Merger Talks
Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsShares of Pioneer Natural Resources (PXD.N) climbed 11% on Friday on n
Oil&Gas Drilling
08-10-2023

US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September 19, 2019. REUTERS/Adria Malcolm/File Photo Acquire Licensing RightsU.S. energy firms this week cut t
Oil Price
08-10-2023

Rystad Sees Oil at $60 a Barrel by 2027 as Demand Peaks
An oil worker removes a thread cap from a piece of drill pipe on a drilling lease owned by Elevation Resources near Midland, Texas, U.S., February 12, 2019. Picture taken February 12, 2019. REUTERS/Nick Oxford/File Photo Acquire Licensing RightsGlobal cru
Oil & Gas Supply
08-10-2023

Petroecuador Recovers Production Following Protests
Ecuador's state-run oil company Petroecuador on Friday saw production hit 397,000 barrels per day (bpd) after recovering operations at one of its main operations in the country's Amazon region.Communities close to the Auca block in Ecuador
Oil & Gas Trade
08-10-2023

Putin Launches Russian Gas Shipments to Uzbekistan
Russian Vladimir Putin on Saturday announced the start of gas supplies to Uzbekistan via Kazakhstan, a boost for Russia’s industry hit by a flurry of Western sanctions over the offensive in Ukraine.Despite being home to a wealth of natural resou
Oil & Gas Supply
08-10-2023

Pakistan Weighs Early Closure of Some Gas, Diesel Power Plants Under Adb Scheme
Pakistan is exploring the possibility of shutting down some of its gas- or diesel-fired power plants before their economic lifetime ends, as part of a low-carbon energy transition supported by the Asian Development Bank (ADB), a think tank said.under ADB
Oil & Gas Trade
08-10-2023

Russia Starts Gas Supplies to Uzbekistan via Kazakhstan
Russian President Vladimir Putin listens to Kazakh President Kassym-Jomart Tokayev during a meeting at the Novo-Ogaryovo state residence outside Moscow, Russia October 7, 2023. Sputnik/Pavel Bednyakov/Kremlin via REUTERS Acquire Licensing RightsRussia on
Oil & Gas Trade
07-10-2023

Exxon Investors Ready to Embrace Buying Existing Oil Over New Drilling
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsExxon Mobil's (XOM.N) investors now prefer the compan
Oil & Gas Trade
06-10-2023

Exxon Mobil Reportedly Nearing $60B Megadeal to Buy Pioneer Natural Resources
Exxon Mobil Corp. is reportedly on the brink of securing a purchase deal with Pioneer Natural Resources Co. an acquisition that could be worth approximately $60 billion and transform the U.S. oil landscape.The deal could be finalized in the coming days, b
Oil & Gas Trade
06-10-2023

MET Group Says New French Gas and Power Contracts Amount to 1.5 TWh/Year
Switzerland-based energy trader MET group said on Thursday its new portfolio in France following the takeover of Antargaz's gas and power deliveries would account for total annual consumption of more than 1.5 terawatt hours (TWh).MET France, which
Oil & Gas Trade
06-10-2023

Workers Vote to Restart Strike at Chevron's Australia LNG Facilities
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights.Workers at Chevron's (CVX.N) two major Australian liquefied
LNG
05-10-2023

Pertamina International Shipping (Pis) Partners Energy Trader BGN, Expanding Global Fleet of LPG Carriers
PIS has signed an agreement with BGN, a leader in global energy, in which the two companies outlined prospective collaborations that span joint ownership of Very Large Gas Carrier (VLGC) vessels, LPG cargo transportation, vessel leasing, amongst others, e
LNG
05-10-2023

Exxon Mobil to Sell Majority Stake in Italy Lng Terminal to Blackrock
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsExxon Mobil Corp (XOM.N) chose BlackRock (BLK.N) as the poten
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

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