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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Technology
06-06-2023

Gastech Unveils 2023 Strategic Conference Programme, High-Level Keynote Speakers
· Gastech unveils its 2023 strategic agenda and speakers, including participation from senior executives of Baker Hughes, ExxonMobil, Shell, and the International Energy Forum, as well as other global business leaders in energy, finance, and technology.·
Crude Oil
06-06-2023

Matahio Energy completes acquisition of onshore assets in New Zealand
TARANAKI, New Zealand, June 6, 2023 - (ACN Newswire) - Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Taranaki Basin, North Island, New Zealand.Matahio will be the operator of these licenses, holding
Oil Price
05-06-2023

Natural Gas Price News: XNG/USD Bulls Eye $2.30 Amid Economic Optimism, Doubts on US DOE Forecasts
Natural Gas price extends the previous day’s rebound from one-month low.Upbeat China data underpins hopes of recovery in demand from world’s biggest energy consumer.US DoE anticipates XNG/USD oversupply, Chinese consumption snapped 11-
Oil Price
05-06-2023

Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut
Sausi Arabia's Prince Abdulaziz bin SalmanSaudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.The bold move by the most important
Oil & Gas Supply
05-06-2023

Mexico Approves $4.5 Billion Zama Development Plan
Mexican hydrocarbons regulator CNH has approved the development plan submitted by state-owned energy company Pemex and its partners for the Zama shallow-water field in the Sureste basin off the coast of Tabasco state.The decision paves the way for the Pem
Natural Gas
05-06-2023

Azerbaijan Is One of the Best Places to Produce Renewable Energy
BAKU, Azerbaijan, June 5. Azerbaijan is one of the best places to produce renewable energy, Pattabi Seshadri, Managing Director & Senior Partner, Global Leader of Energy Practice at Boston Consulting Group (BCG), headquartered in Boston, Massachusetts
Crude Oil
05-06-2023

Saudi Arabia to Cut Oil Output by 1 Million Barrels per Day to Boost Slumping Prices
　　The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (AP Photo/Lisa Leutner, File)　　FRANKFURT, GERMANY -　　Saudi Arabia will reduce how much oil it
LNG
02-06-2023

Biden at Risk of Breaking Climate Promise With $500 Million of Public Finance for Lng Imports in Poland
Biden at risk of breaking climate promise with $500 million of public finance for LNG imports in PolandAt its June 6 board meeting, the U.S. International Development Finance Corporation (DFC) is likely to consider a $500 million guarantee for Goldman Sac
Oil & Gas Trade
02-06-2023

Pakistan Exports Record 90,000 Tons of Fuel Oil in May
KARACHI: Pakistan shipped 90,000 tons of fuel oil in May 2023 to reduce a huge stock built up over the last several months amid low demand in the country, industry sources told The News on Thursday.Fuel oil exports reached 250,000 tons in the last three m
Oil & Gas Trade
02-06-2023

Oil Sales Plunge by 40PC in May Amid Economic Slowdown
KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic slowdown and a surge in the volume of Iranian smuggled petroleum products flooding the market,
Natural Gas
02-06-2023

LPG Prices Slashed by RS37/KG for June
ISLAMABAD: The government on Thursday lowered the prices of liquefied petroleum gas (LPG) by 15.88 percent or Rs37/kg for domestic and commercial consumers for June 2023 over the previous month.The decision comes after Saudi Aramco significantly reduced t
Oil Exploration
02-06-2023

New Mexico Land Commissioner Issues Oil and Gas Moratorium on New Drilling
ALBUQUERQUE, N.M. – State Land Commissioner Stephanie Garcia Richard signed a moratorium preventing new leases for oil and gas drilling operations within one mile of schools, daycares, or other education facilities.Garcia Richard says it will pr
Oil & Gas Trade
02-06-2023

Japan Gas Imports Fall to Two-Decade Low on Energy Savings Push
Source: Ship-tracking data compiled by Bloomberg; Ministry of Finance Japan(Bloomberg) -- Japan’s liquefied natural gas imports last month fell to the lowest in more than 20 years as efforts to save energy and boost nuclear power reduced the nee
Oil&Gas Drilling
02-06-2023

China Begins Drilling 32,800-Foot-Deep Hole in Oil-Rich Xinjiang Region
Forget digging a hole to China — now China’s the one digging the really deep holes.The Asian nation has begun drilling a more than 32,800-foot-deep hole into the Earth’s crust as part of a so-called research project in the nation&r
Oil Price
02-06-2023

Oil Treads Water Ahead of OPEC Meeting, Nonfarm Payrolls
Investing.com-- Oil prices moved little in Asian trade on Friday amid caution ahead of key labor data offering more signals on the Federal Reserve’s rate hikes, while uncertainty before an OPEC meeting also kept traders wary of big bets.Crude pr
Natural Gas
01-06-2023

Domestic Retail Gas Prices Fall in June
The retail gas prices in domestic market decreased on June 1 following the falling prices in world market.
New Zealand
01-06-2023

Large Oil Spill Blocks Roads in Central Auckland
Auckland Transport said it was blocking all traffic from Symonds Street to Mt Eden Road. Photo: 123RFA large oil spill is blocking a road in central Auckland.Emergency services are directing traffic on Mt Eden Road near Symonds Street.Auckland Transport s
Oil Field
01-06-2023

CNOOC Limited Announces China’s First Offshore CCS Demonstration Project Commissioned
HONG KONG, May 31, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announces the official commissioning of China's first offshore CCS demonstration project.The CCS project is an auxiliary part of the En
Oil&Gas Drilling
31-05-2023

Dorset: Oilfield Expansion Expected at Waddock Cross Near Affpuddle
A SMALL oil site at Waddock Cross, near Affpuddle, could continue in operation for another decade, with a possible future expansion.World oil prices has meant that the site, once thought to be not commercially viable, could yet produce more oil.If estimat
Natural Gas
31-05-2023

Arkansas Gas Prices Slightly Increase
(WENDELL FRANKS)By Region 8 NewsdeskJONESBORO, Ark. (KAIT) - The unofficial start of summer usually means soaring gas prices, but drivers are getting a break at the pump this year.The average price of gas in Arkansas rose 2.9 cents in the last week, accor
Oil Price
31-05-2023

Oil Slides 4PC on Worries About US Debt Ceiling, OPEC+ Talks
NEW YORK: Oil prices fell by about 4 percent on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend.Brent cr
Oil & Gas Trade
30-05-2023

Saudi Diesel Imports From Russia, Exports to Singapore Hit Records
Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.Russia has h
Oil & Gas Trade
30-05-2023

China’s Fuel Oil Imports Soar Due to Curbing Bitumen Blend Intake
China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.T
LNG
30-05-2023

Pakistan LNG Withdraws Termination Notice to PGPC
ISLAMABAD: Pakistan LNG Limited (PLL) on Monday withdrew its termination notice for the operation and services agreement (OSA) with the Pakistan GasPort Consortium (PGPC) that owns and operates the LNG terminal-2, after losing a case in the London Court o
Oil Exploration
30-05-2023

ExxonMobil: Africa to Remain Relevant in Oil Exploration in Years to Come BUSINESS | 2 hours ago
ExxonMobil will continue the search for big new oil and gas fields that can help fund alternative energy sources such as LNG and renewables, even as the threshold for committing exploration spending gets ‘ever higher,’ the US supermajo

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