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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 Drilling
29-07-2023

National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030
It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total national oil and petroleum reserves (including crude oil and products), meanwhile, is expected
Oil & Gas Supply
29-07-2023

Australian State Bans Gas to New Homes From 2024
SYDNEY: The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia’s second-most populous st
Oil&Gas Drilling
29-07-2023

US Drillers Cut Oil Rigs for Eighth Month in a Row, Baker Hughes Says
A drilling rig is seen in the Austin Chalk about two hours outside of Houston, Texas, U.S., May 10, 2018. REUTERS/Ernest ScheyderU.S. energy firms in July cut the number of oil rigs for an eighth straight month while adding natural gas rigs for the first
Oil Pipeline
29-07-2023

Venture Global LNG's Calcasieu Pass 2 Project Gets Final U.S. Environmental Nod
Venture Global LNG's proposed Calcasieu Pass 2 (CP2) project in Louisiana on Friday received the U.S. Federal Energy Regulatory Commission's (FERC) environmental approval, clearing the way for a final vote by the commission on expanding th
Hydrogen Production
29-07-2023

RWE Creates Preconditions for Constructing a Hydrogen-Ready Gas-Fired Power Plant in Weisweiler
RWE plans to build hydrogen-ready gas-fired power plants at its own former power plant sites in Germany by 2030 to help achieve the goal of phasing out coal 2030. By awarding the contract to an international consortium, RWE has now laid the foundations fo
LNG
28-07-2023

Nearly 70 Ports Offer Bio-Lng Bunkers
Ships can now bunker bio-LNG at almost seventy ports worldwide, including Singapore, Rotterdam and the US east coast, according to SEA-LNG.A total of 355 LNG-fuelled ships, not counting LNG carriers, are able to use bio-LNG as drop-in fuel without any mod
Crude Oil
28-07-2023

Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project
Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's strategic Gwadar Port.A memorandum of understanding was signed between the Pakistani an
Natural Gas
28-07-2023

TC Energy to Spin off Oil Pipeline Business, Focus on Natural Gas
TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/IllustrationNorth American pipeline company TC Energy (TRP.TO), which has been looking to sell assets and cut debt, said on Thursday it w
LNG
27-07-2023

Samsung Heavy Industries Remains in Black With $46M Profit
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.Its operating profit
Oil&Gas Drilling
27-07-2023

Neptune Energy Starts Gas Production at Adorf Z18 Well, Germany
Neptune Energy has announced first production from its operated Adorf Z18 gas well, in the municipality of Georgsdorf, North-Western Germany.The Z18 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Ad
Oil Price
27-07-2023

Shell's Profits Tumble 56% To $5 Bln as Energy Prices Cool
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photoShell (SHEL.L) on Thursday reported a 56% fall in second-
Oil&Gas Drilling
27-07-2023

Totalenergies Begins Drilling at Tilenga Oil Project in Uganda
TotalEnergies is the operator of the project. Credit: HJBC via Shutterstock.French energy major TotalEnergies has commenced commercial drilling at the Tilenga oil project in Uganda, reported Reuters.The project is situated in the Buliisa and Nwoya distric
LNG
27-07-2023

Klaipeda Lng Terminal Assigns 6 Twh Regasification Capacity for 2024
Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the terminal’s 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year
Oil & Gas Trade
27-07-2023

With 18 Oil & Gas Projects, Worth $60.2 Billion, in the Works, Qatar Set on Upping the LNG Ante
As Qatar has 18 projects under development across the oil and gas sectors, with an estimated capital expenditure (CAPEX) of $60.2 billion, the Persian Gulf state’s energy sector is positioned for further growth, solidifying the country&rsquo
LNG
27-07-2023

Hudong-Zhonghua Locks in New Order to Build LNG Carrier Duo for COSCO, CNPC
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has signed a contract with COSCO Shipping Energy and PetroChina, part of China National Petroleum Corporation (CNPC), to build two liquefied natural gas (LNG) carriers.COSCO Shipping EnergyAs informed, the
LNG Carrier
25-07-2023

Singapore Readies for Its 1st Methanol Bunkering OP
Singapore’s maritime industry is abuzz with anticipation as it prepares to carry out its first methanol bunkering operation this week.The operation will take place between the A.P. Moller – Maersk’s methanol-fuelled container
LNG
25-07-2023

LNG Canada Completes Tank Hydro Testing
Hydro testing of the tank at the site of Canada’s first LNG export facility, the Shell-led LNG Canada project in Kitimat, British Columbia, has been completed.The procedure, also known as hydrostatic testing, ensures LNG tank safety and reliabil
Egypt
24-07-2023

Egypt to resume LNG exports in fall
Egypt is set to resume liquefied natural gas (LNG) exports in the fall, citing Petroleum and Mineral Resources Minister Tarek El Molla.Egypt is currently using all gas produced by the country due to the ongoing heatwave, and little is left over for export
24-07-2023

Petronas reports 6 oil and gas discoveries off Sarawak coast
Malaysia state oil company Petroliam Nasional Berhad, or Petronas, said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawak.The wells in the five blocks, SK306, SK411, SK313, SK301B and SK315, stem from new and existi
Oil Price
24-07-2023

Oil prices rise as tight supply counters expected rate hikes
Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or 0.5%.The benchmarks rose 1.5% and 2.2% respectively last week, their fourth straight of week of
Oil & Gas Trade
20-07-2023

National Petroleum-Gas Reserve Infrastructure Planning Approved
A petrol station on Hà Nội's Thái Hà Street. — VNA/VNS Photo Huy HùngDeputy Prime Minister Trần Hồng Hà on Tuesday signed a decision approving the infrastructure planning for national petroleu
Oil & Gas Supply
20-07-2023

Australia's Santos Cuts Production Forecast as Quarterly Revenue Drops 29%
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 HelgrenAustralia's Santos (STO.AX) trimmed its pro
Oil&Gas Drilling
19-07-2023

Fervo Energy Reports Breakthrough in Field-Scale EGS Project in Nevada
Fervo Energy has announced positive results of a 30-day well test conducted at Project Red, the company’s full-scale EGS pilot project in northern Nevada.The results indicate that the well doublet, connected by a hydraulically fractured reservoi
Oil & Gas Trade
19-07-2023

Japan, Qatar Upgrade Energy Ties During LNG Talks
Japanese Prime Minister Fumio Kishida speaks during the UAE-Japan business forum in Abu Dhabi, United Arab Emirates, July 17, 2023. REUTERS/Abdelhadi RamahiJapanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation wit
LNG
19-07-2023

UAE's ADNOC Gas Agrees $7 Bln-$9 Bln 14-Year LNG Agreement With Indian Oil Corp -Statement
An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File PhotoAbu Dhabi's ADNOC Gas (ADNOCGAS.AD) on Tuesday announced a 14-year $7 billion-$9 billion deal with Indian Oil Corp (IOC.

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