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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 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
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

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