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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 Price
17-05-2023

IEA Says Oil Price Downturn Ignores Looming Supply Crunch
Weeks of declining oil prices due to concerns over a possible recession clash with the outlook for scarce supply and robust demand later in the year, the International Energy Agency said."Prices were pressured lower by muted industrial activity and h
Oil Pipeline
16-05-2023

High Energy and the Need for Exploration Activities Are Increasing, Which Is Driving the Industry’s Demand for Oil Country Tubular Goods
The oil country tubular goods market is anticipated to record a CAGR of 6.5% during the forecast period. The market is anticipated to grow from an estimated valuation of US$ 23.71 Mn in 2022 to reach a valuation of US$ 44.50 Mn by 2032.Due to the high ene
Natural Gas
16-05-2023

Australia’s Gas Usage to Drop to 34% By 2030
This comes as the market transitions away from gas.Australia’s gas usage is expected to drop further to 34% by 2030, the Institute for Energy Economics and Financial Analysis (IEEFA) reported.Gas usage for power generation dropped to 47% between
Floating Offshore Wind
16-05-2023

Seatwirl, Kontiki Winds to Explore Powering Oil & Gas Assets With Floating Wind
Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and gas assets and other offshore applications, with the use of SeaTwirl’s floating wind t
Oil and Gas Equipment
16-05-2023

The Large Synchronous Motors Are Used in Various Industries for Different Applications Like Mining, Water Treatment, Separation Unit Etc.
The global large synchronous motor market is anticipated at US$ 6.5 billion in 2022. The sector is gaining pace as companies provide technologically improved large synchronous motors with high-power and high-speed compressors. The market is estimated to g
Crude Oil
15-05-2023

Tight Market for Sour Crude Oil to Squeeze US Gulf Coast Refiners
Sour crude oil supplies for US Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month's Opec+ production cut.The oil producing group's 1.16 million barrel per day cut
Oil Pipeline
15-05-2023

G7, EU to Ban Restart of Russian Gas Pipelines
The Group of Seven (G7) industrial powers and the European Union will ban Russian gas imports on routes where Moscow has cut supplies, the Financial Times reported on Sunday, citing officials involved in the negotiations.The decision, to be finalised by G
Oil&Gas Drilling
15-05-2023

Totalenergies Picks Shearwater for Surveys Offshore UK
French major TotalEnergies has awarded Norway’s Shearwater GeoServices with a contract to carry out surveys over its gas fields located west of Shetland, offshore the UK.Source: Shearwater GeoServicesUnder the contract, Shearwater will carry out
Oil&Gas Drilling
15-05-2023

Shell and Petrobras Book Noble’s Drillships
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships.Noble Voyager. Source: Noble CorporationShell has contracted Noble V
Oil Exploration
11-05-2023

With Delays Out of the Way, UK Oil & Gas Firm Enters Angola
UK-headquartered and AIM-listed company Afentra plc has completed the acquisition of interests in two blocks offshore Angola from Croatia’s INA-Industrija Nafte. This marks the UK player’s entry into Angola.FSO Palanca; Source Stapem O
Oil&Gas Drilling
11-05-2023

‘Major’ Operator Books Transocean’s Idle Rig for Work off Australia
Offshore drilling contractor Transocean has secured a new contract with an undisclosed operator in Australia for a semi-submersible rig, which has been in idle mode since October 2022, when the rig finished its assignment with Equinor in Norway.Transocean
Oil & Gas Supply
11-05-2023

EIA Expects More Generation From Renewables and Natural Gas This Summer
The U.S. Energy Information Administration (EIA) expects that this summer will see the second-most U.S. natural gas consumption for electricity generation on record, surpassed only by last summer. EIA continues to expect significant growth in U.S. electri
Oil Exploration
10-05-2023

Qatarenergy Enters Suriname Offshore Exploration
QatarEnergy will own a 20% working interest in both blocks, where licensing of the new 3D seismic and associated exploration activities are planned.QatarEnergy has entered into two Production Sharing Contracts for Blocks 6 & 8 offshore the Republic of
LNG
09-05-2023

Australian LNG Producers Rise After More Favourable Petroleum Tax Change
Shares of Australian liquefied natural gas (LNG) producers rose after the government adopted more favourable-than-expected changes to petroleum tax, ensuring the load was shared across the industry and did not impact growth projects.Woodside Energy Group,
Oil Field
09-05-2023

Iraq to Sign Investment Contract With Totalenergies for Flare Gas Recovery Project, Launches New Hydrocarbon Exploration Licensing Round
The project aims to recover 600 million cubic feet of gas currently being flared in oil fields located in Basra, IraqIraq’s Oil Minister, Hayan Abdul Ghani, announced that the country will sign an investment contract with France’s Tota
Oil Price
09-05-2023

Oil Prices Surge as Economic Slowdown Fears Ease
Strong US jobs report last week allayed concerns of a recession in world's largest economyA sign posted on the window of a business looking to hire workers in Miami, Florida. Employers in the US hired more workers in April. AFPOil prices surged on
Crude Oil
08-05-2023

Adnoc to Supply Full Crude Volumes to Asian Buyers in July
The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from the previous month, trade sources said.But Adnoc has informed the term buyers that it will loa
Oil Field
08-05-2023

Ithaca, Shell UK Sign Agreement on Cambo Oil Field Stake Sale
Ithaca Energy said it signed an agreement with Shell UK to market the oil major's 30 per cent stake in the Cambo oil prospect in the British North Sea.The deal provides an option for Shell to sell any remaining portion of its own stake, which is n
Gas Turbine
08-05-2023

Norway Plans Wider Gas Transport Nationalisation
Norway's plan to nationalise gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed.In a su
Natural Gas
08-05-2023

GWC Energy Created to Bolster Global Oil and Gas Industry
Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al ThaniQatar’s logistics leader, GWC Group has floated a new subsidiary, GWC Energy, which is set to become the preferred choice for energy projects across the globe.GWC Energy will deliver solution
Natural Gas
08-05-2023

Middle East Natural Gas Output to Rise More Than 19 per Cent by 2030, Wood Mackenzie Says
Rising exports from the region will have a 'game-changing' effect on global gas markets, consultancy saysIn February, Adnoc delivered the first LNG cargo from the Middle East to Brunsbuttel Port in Germany. Photo: AdnocThe Middle East is e
Natural Gas
08-05-2023

European Natural Gas Prices Fall to 21-Month Low on Record Imports and Rising Stocks
Higher temperatures in the coming few weeks will have limited impact on LNG prices, Rystad Energy saysA regasification ship receives a consignment of gas in the German port town of Wilhelmshaven. ReutersEuropean natural gas prices have fallen to their low
Oil&Gas Drilling
08-05-2023

Israel’s Newmed Energy and Partners Begin Drilling at Aphrodite Gas Field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
LNG
08-05-2023

ADNOC to Proceed Low-Carbon Lng Growth Project in Al Ruwais Industrial City
Through its planned LNG growth project, ADNOC intends to more than double its LNG production capacity to meet increased global demand for natural gasADNOC to proceed low-carbon LNG growth project in Al Ruwais Industrial City. (Credit: ADNOC Group)As part
Oil Price
08-05-2023

Canadian Natural Resources Misses First-Quarter Profit Estimates on Lower Oil Prices
Pipelines at Canadian Natural Resources Ltd.'s Primrose Lake oil sands project near Cold Lake, Alta. PHOTO BY REUTERS/DAN RIEDLHUBER/FILE PHOTOCanadian Natural Resources Ltd. narrowly missed analysts’ estimates for first-quarter profit o

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