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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 Trade
30-06-2023

Chevron Offers to Sell Oil and Gas Properties in New Mexico, Texas
Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents seen by Reuters, as the U.S. oil major looks to cull acreage after major shale acquisitions.The second-largest U.S. oil and gas producer l
Crude Oil
30-06-2023

Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves. Recen
Gas Turbine
30-06-2023

Gas Turbine Combustion Auto-Tuning Solution Reduces Nox Emissions by 120 Tonnes a Year
To meet the new emissions standard, it was clear the turbine required a retrofit solution.Chinese powerplant meets new emissions standard with bespoke solution developed by Sulzer.Governments around the world are cracking down on nitrogen oxide (NOx) emis
Oil & Gas Trade
30-06-2023

Average price cap forecasts fall as Ofgem revises definition of typical energy consumption
Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023, the forecast stands at £1,871 per annum for a typical consumer, and from January 202
LNG Carrier
29-06-2023

CoolCo Buying Two Lng Carriers Newbuilds for $234M Each
LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures.CoolCo said that the Mega LNG carriers were scheduled to be delivered from Hyundai Samho Heavy Industries (HHI) in September
Oil & Gas Trade
29-06-2023

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf
According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further development of existing fields, as well as investments in projects for increased yield from cur
Oil & Gas Trade
29-06-2023

Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years
Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company did not disclose the value of the contract for the 154.000 dwt vessel but said it was f
Natural Gas
29-06-2023

Finnish Gas Demand Set to Rise 27% – TSO
Image: Shutterstock.com(Montel) Finnish gas consumption is set to rise by 27% this year due to lower prices, but demand is unlikely to return to pre-crisis levels of 25 TWh/year, said TSO Gasgrid Finland.The TSO estimated Finland would consume around 14 T
Crude Oil
29-06-2023

Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further interest rate hikes could slow economic growth and reduce global oil demand
Crude Oil
29-06-2023

CGX, Frontera Announce Major Oil Discovery off Guyana
The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and its majority shareholder Frontera have struck oil at an exploration well off the coast of Guya
Oil & Gas Trade
29-06-2023

Petrobras' Green Venture: From Oil Giant to Hydrogen Exporter?
Petrobras, Brazil’s state-controlled oil giant, is setting its sights on the burgeoning hydrogen market. Mauricio Tolmasquim, Petrobras’ Director of Energy Transition and Sustainability, announced on Tuesday that the company may explor
Green Hydrogen
29-06-2023

Portugal to Begin 10 Percent Hydrogen Fuel Blending in Natural Gas Grid
The country is adapting its grid to begin transporting the mixed fuel starting as soon as this year.REN of Portugal has begun adapting its high pressure natural gas grid so that it can transport a blend of 10 percent hydrogen fuel with the natural gas, be
LNG Carrier
28-06-2023

INEOS Charters Two LNG Carrier Newbuilds From MOL
London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States.Image credit INEOSThese agreem
LNG Carrier
28-06-2023

Second Russian Oil Ship Docks at Karachi Port
WORKERS moor the vessel carrying Russian oil at the Karachi Port, on Tuesday.—Courtesy KPTJust two weeks after the arrival of the first-ever Russian oil ship carrying over 45,000 tonnes of crude at Pakistan’s financial capital, another oil tanke
Oil & Gas Trade
28-06-2023

Investment of $75BN Needed to Reduce Oil and Gas Methane Emissions by 2030, IEA Says
Burning methane from oil production near Watford City, North Dakota. Fossil fuels made up nearly 82 per cent of the total global energy supply in 2022. APInvestments worth $75 billion would be required to reduce global oil and gas methane emissions by 203
Oil Price
28-06-2023

Russian Oil Prices Remain Below G-7 Cap but $900-A-Month Delivery Mystery Remains
Russia’s main crude grade is still selling well below international benchmarks — and a Group of Seven-imposed price cap — but a huge amount of money for delivering it continues to go into the hands of mystery middlemen.The country’s fl
Oil & Gas Trade
28-06-2023

Vertex Announces First Commercial Sales of Renewable Diesel
Vertex Energy Inc., a leading specialty refiner and marketer of high-quality refined products, on June 26 announced that the company has completed its first series of commercial sales transactions of renewable diesel (RD) from its recently completed renew
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

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