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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
27-06-2023

Cheniere Seals Long-Term Lng Deal With ENN
Cheniere Energy, through its subsidiary Cheniere Marketing, has signed a long-term LNG sale and purchase agreement (SPA) with ENN LNG, a subsidiary of ENN Natural Gas.Illustration; Archive; Courtesy of CheniereThe agreement will see ENN purchase approxima
Hydrogen Production
27-06-2023

T&T Unites With Korean Companies for Lng and Hydrogen Projects in Vietnam
Vietnam’s T&T Group and Korean companies Korea Gas Corporation (KOGAS) and SK Group have signed and awarded a Memorandum of Understanding (MoU) to cooperate on developing LNG and hydrogen projects in Vietnam.Courtesy of T&T GroupSpecific
Oil & Gas Trade
25-06-2023

Eni and vår Energi Paying $4.9 Billion for Neptune's Entire Oil & Gas Portfolio, Bar German Business
Italian energy giant Eni has inked a sale and purchase agreement to acquire Neptune Energy Group Limited while the oil major’s majority-owned Vår Energi simultaneously signed an inter-conditional sale and purchase agreement to acquire
Oil Pipeline
21-06-2023

Thirty-Five Tonnes of Oil Spill Into Danube in Serbia.
The Romanian Waters National Administration (ANAR) has reported that 35 tonnes of oil has leaked into the Danube from a ship under the Bulgarian flag, told Agerpres."Thirty-five tonnes of oil products leaked from a ship under the Bulgarian flag on th
Oil & Gas Supply
21-06-2023

Kazakhstan to Increase Crude Deliveries to Germany
The Bolashak oil plant on the Kashagan offshore oil field near Atyrau in Kazakhstan. Credit: LEON NEAL/AFP POOL/AFP via Getty Images.Kazakhstan will increase its deliveries of crude oil to Germany to 100,000 tons (t) per month, Minister of Energy and Mine
Australia
21-06-2023

OMV Petrom, Romgaz to Invest up to $4.4 Bln to Develop Romania Gas Project
OMV said Wednesday that its 51%-owned OMV Petrom and Romgaz will jointly invest up to 4 billion euros ($4.37 billion) to develop an offshore natural-gas project in Romania.The Austrian energy company said the companies approved a development plan for two
Oil Exploration
21-06-2023

Italy's Eni Nears $5BN Deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar with the matter.Eni could announce a deal as soon as this week for private equity-backed Neptune,
LNG
21-06-2023

Japan's Mitsui Says No Plans to Exit Russia's Sakhalin-2 Lng Project
FILE PHOTO: The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru Hanai/FILE PHOTOJapanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) proje
Oil & Gas Supply
21-06-2023

Suriname President Santokhi Wants His Country to Be Among Top Oil-Producing Countries
ARAMARIBO, Suriname, Jun 20, CMC — The third edition of the Suriname Energy, Oil and Gas Summit (SEOGS) has started here with President Chandrikapersad "Chan" Santokhi pledging to make the Dutch-speaking Caribbean Community (Caricom) country one
Oil & Gas Trade
21-06-2023

Serbia Establishes Joint Gas Company With Hungary
President Aleksandar Vučić, President Katalin Novak, Prime Ministers Ana Brnabić and Viktor Orban attended the session of the Strategic Council of Serbia and Hungary. [EPA-EFE/Vivien Cher Benko / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES]At the Strategi
Oil Price
20-06-2023

Oil Prices Drop Following China's Lowering Main Rate for LPR
Trading data indicate a slight decline in world oil prices on Tuesday morning, as markets assess the prospects for growth in demand for this type of raw material in China, Trend reports.The price of August futures for Brent Crude Oil fell by 0.2 percent t
Oil&Gas Drilling
20-06-2023

Woodside Sanctions $7.2 Billion Deepwater Oil Project
Australia’s energy giant Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico located 30 km south of the Mexico-U.S. maritime border.Illustration; Source: WoodsideBack in Dec
LNG Carrier
20-06-2023

Polish Briefing: Orlen's 2nd LNGTanker I Pge's Hydroelectric Power Plant I Tauron Joins Pge's Platform
A gas carrier at an LNG terminal. Picture by Polish LNGOrlen’s second gas carrier is coming to ŚwinoujścieOn June 17, a gas carrier named Grażyna Gęsicka set off on its first voyage to Poland with a cargo of liquefied natural gas (LNG). The unit
Natural Gas
20-06-2023

Qatar Set to Strike Second Big Lng Supply Deal with China
FILE PHOTO: CNPC (China National Petroleum Corporation) logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoQatar is set to secure its second large gas supply de
Oil&Gas Drilling
20-06-2023

Kuwait Oil Company to Invest $43 Billion on New Oil Projects, CEO Says
Kuwait intends to expand production by nearly 200,000 barrels per day
LNG Carrier
20-06-2023

LNG-Powered Icon of the Seas Kicks off Sea Trials
Royal Caribbean International’s first LNG-powered cruise vessel, Icon of the Seas, has left the outfitting pier from Meyer Turku shipyard situated in Turku, Finland.Image credit Royal Caribbean InternationalIcon of the Seas will be conducting we
Oil & Gas Supply
20-06-2023

UK and Norway's Energy Transition Tale Spotlights Oil & Gas Electrification, Offshore Wind, CCS, and Hydrogen as Main Chapters
The global energy crisis brought financial and energy woes to Europe, ushering in the energy trilemma and enslaving the world in security, affordability, and sustainability concerns with a greater focus on the double whammy of energy security and affordab
Oil&Gas Drilling
19-06-2023

Israel Approves Gas Field Development Offshore Gaza Strip
Israel has decided that the Gaza Marine natural gas field offshore Gaza should be developed, subject to security coordination with the Palestinian Authority and Egypt, Israel’s government said on Sunday.In the framework of the existing efforts b
Oil & Gas Supply
19-06-2023

Uzbekistan to Import 2.8 Billion Cubic Meters of Russian Gas per Year
Uzbekistan will import 2.8 billion cubic meters of Russian gas per year. This is stated in the gas purchase and sale agreement concluded between UzGasTrade and Gazprom Export, the Ministry of Energy of Uzbekistan reports.The document was signed on June 16
Oil & Gas Technology
19-06-2023

American Carbon Registry Lists “First of It’s Kind” Oil, Gas Well Plugging Project by Rebellion Energy
(WO) – On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion’s project, for which it com
Oil&Gas Drilling
19-06-2023

Pure Oil & Gas Advances Texas Drilling Operations at First Well
(WO) – Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas.Source: ReutersJeremy Larsen, President of Pure Oil & Gas, In
Gas Turbine
19-06-2023

U.S. Pipeline Giant: Energy Transition Will Need More Natural Gas Infrastructure
U.S. natural gas infrastructure will have to expand so that gas can serve as a backup power generation fuel amid soaring wind and solar capacity in the energy transition, says the chief executive of the pipeline giant handling one-third of U.S. gas delive
Coal Production
19-06-2023

Green Baseload Hub to Replace Coal, Gas Generation in Eastern Germany
German coal miner LEAG is planning a massive clean energy hub, comprising up to 14 GW of wind and solar energy generation paired with 2 GWh to 3 GWh of battery energy storage and 2 GW of green hydrogen production. Combined, these technologies are expected
Oil Field
16-06-2023

Pertamina and Partners to Invest $800M in Algerian Oil Field
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian state oil company Pertamina on Friday announced the renewal of a contract for the development of a
Oil & Gas Technology
16-06-2023

The Global Gas Generating Systems Market Size Is Expected to Surpass a Valuation of Us$ 21 Billion by 2033 | Future Market Insights Inc.
The global gas generating systems market size is expected to surpass a valuation of US$ 20.8 billion by 2033. The market is estimated to witness a CAGR of 9.4% in the next ten years from 2023 to 2033. It is projected to elevate in 2023 by reaching a valua

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