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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
08-05-2023

Oil Prices Inch up as Recession Fears Begin to Fade
By Sudarshan VaradhanSINGAPORE (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, began to recede.Brent crude futures
Crude Oil
08-05-2023

Oil Prices Inch up as Recession Fears Begin to Fade
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/SINGAPORE, May 8 (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recess
LNG
06-05-2023

LNG Canada Project in Kitimat More Than 80% Complete
The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation.Courtesy of LNG CanadaThe delivery was announced by LNG Canada in a s
LNG
06-05-2023

Brittany Ferries Unveils Name of Its New LNG-Battery Hybrid Ferry
Brittany Ferries has revealed the name of its forthcoming ship, which will be able to run on liquefied natural gas (LNG), on battery power, or on a combination of the two in hybrid mode.Brittany FerriesAs disclosed, the new eco-friendly ferry will be name
LNG
06-05-2023

HJSC Rolls Out New LR-Approved LNG Bunkering Vessel Design
South Korean shipbuilder HJ Shipbuilding & Construction (HJSC, formerly Hanjin Heavy Industries & Construction) has developed a new LNG bunkering vessel for which it also obtained approval in principle (AiP) from classification society Lloyd&r
LNG
06-05-2023

LNG-Powered Icon of the Seas Gearing Up for Sea Trials
Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel, is scheduled to commence sea trials in mid-June.Courtesy of Meyer TurkuAccording to Meyer Turku, the shipbuilder of what is expected to be the world’s l
LNG Carrier
06-05-2023

HGK Shipping Signs Mou on Hydrogen Tech, Christens New Chemical Tankers
HGK Shipping, Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) with the goal to develop a scalable solution to make hydrogen available as a source of energy on a large scale.Courtesy of HGK Ship
Oil Price
05-05-2023

Oil Prices Fall on Demand Concerns
Crude oil futures prices dropped on Monday due to concerns over demand and strength in the U.S. dollar.The West Texas Intermediate (WTI) for June delivery decreased by 1.12 U.S. dollars, or 1.46 percent, to settle at 75.66 dollars a barrel on the New York
LNG
05-05-2023

SMPC to Branch Out to LNG
Amid the mounting environmental, social, and governmental (ESG) pressures, Semirara Mining and Power Corporation (SMPC), known as the Philippines’ largest coal producer, is expanding its energy production business by venturing into liquefied nat
Oil Field
05-05-2023

Saipem Authorized by Exxonmobil to Proceed With Oilfield Project Offshore Guyana
(WO)– Saipem has received authorization to proceed with the final phase of the Uaru oilfield development project in Guyana from ExxonMobil Guyana and its Stabroek block coventurers.Saipem employee working on the Uaru oilfield offshore GuyanaIn 2
LNG
05-05-2023

Adnoc’s Low-Carbon LNG Growth Project to Move Forward in Al Ruwaisadnoc’s Growth Project to Move Forward in Al Ruwais
UAE’s Abu Dhabi National Oil Company (ADNOC) has decided that its low-carbon LNG growth project will move forward in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi.Image by ADNOCADNOC announced the decision on 2 May as part of the design p
Energy Safety
05-05-2023

Exxon, Guyana’s Environmental Agency in Breach of Oil-Spill Insurance
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled, a decision the government rejected.Exxon "engaged in a disingenuous a
Oil Refinery
05-05-2023

Fire Extinguished at Russian Oil Refinery After Drone Attack
A drone attack set ablaze product storage facilities at one of the largest oil refineries in southern Russia, but emergency services extinguished the fire just over two hours later, and the plant was working normally, TASS news agency reported.The Ilsky r
Oil & Gas Trade
05-05-2023

Iraq’s Oil Minister Expects Northern Exports to Resume Within Two Weeks
Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) to restart oil export flows from the country's semi-autonomous Kurdistan region within two weeks, Oil Minister Hayan Abdel-Ghani said at a conference in Baghdad.Turkey
Natural Gas
04-05-2023

Chariot and Vivo Energy to Develop Gas to Industry Market in Morocco
Chariot, the Africa focused transitional energy company, has entered into a partnership agreement with Vivo Energy with the objective of creating a midstream joint venture that will oversee the distribution of natural gas to industrial customers in Morocc
Natural Gas
04-05-2023

Sasol Discovers Natural Gas in Mozambique’s Bonito-1 Exploration Well
Mozambique’s National Petroleum Institute (INP) announced that Sasol Mozambique (SMPT5-C) has made a discovery of natural gas, in sandstone rocks of Lower Grudja Formation age, following the drilling of the Bonito-1 exploration well.The well is
Natural Gas
04-05-2023

Totalenergies, Sinopec Pitched For Role in Saudi Gas Project
Saudi Arabian oil giant Aramco is in a "listening phase" on proposals from refining giant Sinopec and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter
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,

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