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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
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
Natural Gas
30-05-2023

Gas Price Average in San Diego County Rises for 11th Time in 12 Days
Photo by: David Duprey/ASSOCIATED PRESSFILE - Bob Krueger holds up a gasoline pump nozzle for a photo after filling up a tank at his gasoline station in Clarence, N.Y., Monday, March 7, 2011. (AP Photo/David Duprey)By: City News ServicePosted at 7:57 AM,
Oil & Gas Supply
29-05-2023

Aker BP Makes a 40-90 Mboe Oil Discovery in the North Sea off Norway
The Norwegian oil exploration company Aker BP has made a significant oil discovery in the North Sea off Norway, with preliminary estimates indicating a gross recoverable volume of 40 to 90 Mboe. The discovery was made while drilling the Øst Fri
Crude Oil
29-05-2023

Asia’s Crude Imports Jump in May as China, India Suck up Russian Oil: Russell
LAUNCESTON, Australia, May 29 (Reuters) - Asia's imports of crude oil are on track for a strong rebound in May as the region's two biggest buyers, China and India, suck up Russian cargoes.A total of 27.73 million barrels per day (bpd) of c
Oil & Gas Trade
29-05-2023

Saudi Arabia Imports Russian Oil, Sends Its Own Supplies to EU
A report by Bloomberg shows that Saudi Arabia has become Europe's largest oil supplier as Riyadh buys record amounts of Russian crude oil for domestic use.Saudi Arabia has become Europe's largest supplier of crude oil as the country sells
Oil Field
29-05-2023

Aramco to Develop 400 MCF per Day Iraqi Gas Field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani said.Aramco will invest and develop Akkas gas field in the western Iraqi Anbar province, the I
Oil & Gas Trade
29-05-2023

GECF’s Secretary General Commends UAE for COP28 Leadership, Anticipates Resounding Success
Doha, QATAR – 28 May 2023: The Secretary General of the Gas Exporting Countries Forum (GECF), HE Eng. Mohamed Hamel, held a virtual meeting today with HE Ahmed Mohamed Alkaabi, Assistant Undersecretary for Electricity, Water, and Future Energy a
Natural Gas
29-05-2023

The Increasing Number of Offshore Projects Along With the Rising Production of Shale Gas Globally Will Garner the Requirement for Offshore Drilling Risers
The global offshore drilling riser market was estimated to reach a valuation of USD 3.8 Billion in the year 2022. With a steady CAGR of 2.2% from 2023 to 2033, this market is expected to reach USD 4.1 Billion by 2023 and USD 4.9 Billion by 2033.Two main d
Natural Gas
29-05-2023

Falling Gas Prices Calm Europe After Energy Crisis
Benchmark Dutch futures drop for eight straight weeks to the lowest since May 2021European gas prices could fall even further, below €20 a megawatt hour, if Chinese LNG imports prove weak, according to analysts. BloombergEuropean gas prices have

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