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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
03-05-2023

ADNOC and Totalenergies Enter LNG Supply Deal Worth $1.2 Billion
UAE’s ADNOC Gas has signed a three-year supply agreement with TotalEnergies Gas and Power Limited, a subsidiary of French energy giant TotalEnergies, for the export of LNG.Courtesy of ADNOC GasThe agreement, valued at about $1.2 billion under cu
Oil and Gas Equipment
28-04-2023

Profits to the Max
Sulzer Chemtech's GT-LPG Max® Licensing technology helps Hanwha TotalEnergies Petrochemical (HTC) boost its profitability and sustainabilityHanwha TotalEnergies Petrochemical (HTC)'s recent investment in Sulzer Chemtech's G
Oil and Gas Equipment
28-04-2023

Closing the Skills Gap
Sulzer educational initiatives and programs empower the next generation of engineersTraining the next generation of aspiring engineers is vital for delivering the technical innovations of the future. With rotating equipment technology commonplace in criti
Oil & Gas Trade
27-04-2023

Oil Producer Hess Beats First-Quarter Profit, Makes New Discovery in Guyana
Credit: REUTERS/DADO RUVICUpdate with details on result, Guyana discoveryApril 26 (Reuters) - Oil and gas producer Hess Corp HES.N on Wednesday beat Wall Street estimates for first-quarter profit and disclosed a new discovery at the Lancetfish-1 well in t
Oil & Gas Trade
27-04-2023

Pakistan Eyes Economic Relief From Russian Oil Imports Due in May
Delicate diplomacy, refining capacity and forex payments pose challenges
Oil Pipeline
27-04-2023

Turkmenistan to Develop Pipeline to Export Gas to Europe: President
Turkmenistan is working on developing a pipeline to export natural gas to Europe while construction of the TAPI pipeline is moving at a "high pace," the country's president, Serdar Berdimuhamedov, told an investor forum in Dubai on April
Crude Oil
27-04-2023

US Crude to Dominate Brent Oil Benchmark Under Index Change
Texas crude is set to assume a key role in the world's most important benchmark - Brent - as oil-index publisher S&P Global Platts adds US WTI Midland crude to its dated Brent oil price assessment for June deliveries.Dated Brent is a part of t
LNG
27-04-2023

Petrochina Signs LNG Deal With Malaysia’s Petronas
PetroChina International said it has signed a sales and purchase agreement with Malaysia's Petronas to buy liquefied natural gas (LNG).The deal, signed on April 17, is the pair's first medium-to-long-term LNG sales and purchase agreement,
LNG
27-04-2023

Eni Launches $5BN LNG Project in Congo
Italian energy group Eni and Congo Republic's government launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in 2025.The development of the liquefied natural gas (LNG) capacity is par
Natural Gas
27-04-2023

Indigenous Australians Are Suing Pension Funds Over Santos Gas Projects
A group of Indigenous Australians filed a human rights complaint against 20 large Australian pension funds for investing in Santos two gas projects, putting pressure on the funds over their fossil fuel investment plans.Three traditional landowners, in the
Oil Price
27-04-2023

Oil Rises as Falling US Inventories Refocus Market on Demand
Oil rose after plunging more than 2 per cent in the previous session as reports of falling US crude oil and fuel inventories refocused investors on robust demand in the world's top oil consumer.Brent crude climbed by 40 cents, or 0.5 per cent, to
Natural Gas
27-04-2023

Russia to Diversify China Gas Supply Routes Away From Gazprom
Russia is considering supplying natural gas to China by a pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said.Artem Verkhov, head of Russia&
Natural Gas
26-04-2023

Tourmaline, Clean Energy Partner to Build CNG Stations in Canada
Tourmaline Oil Corp. and Clean Energy Fuels Corp. on April 18 a $70 million joint development agreement to build and operate a network of compressed natural gas (CNG) stations along key highway corridors across Western Canada. Through their 50-50 shared i
Oil and Gas Equipment
26-04-2023

Pumping Test in Bochum Oil Dynamics Performs Successfully
The innovative, energy-saving fifth generation of heating and cooling supply can be realized. The required pumping test was successful.Around 70 to 75 percent of the heating and cooling requirements of the companies and research facilities on the new MARK
Oil Exploration
25-04-2023

UK Oil & Gas Operators Facing ‘Biggest Offshore Stoppage in a Generation,’ as Offshore Workers Down Tools
With the wave of industrial action gathering momentum, the UK’s Unite the union has confirmed that 1,300 offshore workers will embark on a historic 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS),
Oil Exploration
25-04-2023

Deepocean’s Autonomous Inspection Drone Set to Hit the Water
DeepOcean has mobilized its first Autonomous Inspection Drone (AID), said to be able to unlock substantial cost savings for offshore wind and oil & gas operators.Source: DeepOceanThe project is a strategic partnership between DeepOcean, Argus Remote S
Oil Exploration
25-04-2023

James Fisher Subtech Busy With Fifth ‘Major’ Contract With BP
James Fisher Subtech (JF Subtech) is carrying out its fifth major contract with BP and foreshore terminal underwater inspection services at the oil & gas major’s import terminal in the South East of England.Source: James Fisher SubtechThe ta
Oil Exploration
25-04-2023

Dril-Quip Subsea Trees in Place at Woodside’s Gulf of Mexico Field
U.S. manufacturer of drilling and production equipment Dril-Quip has completed the installation of subsea trees at a Woodside-operated oil and gas field in the U.S. Gulf of Mexico.In a statement issued on 21 April, Dril-Quip announced the installation and
Oil Shale
25-04-2023

US Shale Industry Wages Set to Grow as Companies Boost Output
Higher production in oil-rich Permian Basin is expected to add 7,000 jobs by the end of next year
Oil Price
25-04-2023

Oil Dips on Concerns Further Interest Rate Increases May Dampen Crude Demand
Crude futures last week recorded their first weekly loss since March
LNG
23-04-2023

Baker Hughes to Supply Gas Turbine for Petronas Sabah LNG Project
Baker Hughes, an energy technology company, has been awarded an order to be booked in 1Q23 by Black & Veatch, a subcontractor to the JGC and Samsung Heavy Industries consortium, to deliver two LM9000-driven compressor trains for the PETRONAS nearshore
Natural Gas
23-04-2023

Major Shifts in Global Energy Market Could Spell the End of Cheap Natural Gas
While U.S. natural gas futures prices have fallen sharply in recent months, higher prices and increased volatility could be on the long-term horizon as the energy transition accelerates and European markets respond to recent supply constraints.Rising U.S.
Natural Gas
23-04-2023

Firebird Energy Ii Announces Partnership With Quantum in the Permian Basin
FireBird Energy II LLC ("FireBird II" or the "Company") announced the Company has secured equity commitments in excess of $500 million anchored by funds managed by Quantum Energy Partners (Quantum).The founders and employees of FireBir
Natural Gas
23-04-2023

Buru Energy Provides Rafael Gas and Condensate Commercialisation Update
Buru Energy has announced that as part of its continuing efforts to identify the most value accretive development of its potentially large scale Rafael conventional gas and condensate discovery in the Canning Basin, it has completed a pre-feasibility stud
Oil & Gas Supply
23-04-2023

Oil Discovery Near the Gudrun Field in the North Sea
The well was drilled about 5 km west of the Gudrun field in the North Sea, and about 230 km west of Stavanger. The objective of the well was to prove petroleum in reservoir rocks in the intra-Draupne Formation from the Upper Jurassic.Well 15/2-2 S encount

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