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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
18-04-2023

GE Natural Gas Turbine Bound for Brazil’s Eneva
General Electric (GE) will provide Brazilian energy company Eneva with a second natural gas turbine.Eneva is expanding its Azulao II power plant in northern Amazonas state. The new turbine will add 590MW to the plant, which is expected to be operational i
Crude Oil
18-04-2023

Oil Prices Steady Amid Expectations of Tight Crude Supply
Investors will be closely watching Chinese economic data this week
LNG
18-04-2023

Svanehøj Acquires Us-Based LNG Specialist
With its third company acquisition in just over two years, marine pump specialist Svanehøj continues to expand its service solution business. This time by taking over California-based Complete Cryogenic Services, a specialist in service and ove
Natural Gas
17-04-2023

G7 Interview: US Sees Need for New Gas Investments in Light of Russia War, Tight Market
The world "absolutely" needs new gas investment while Russia's war in Ukraine keeps supply risks high, US Assistant Energy Secretary Andrew Light said April 16 as G7 leaders adopted an agreement acknowledging a role for gas over objectio
Oil & Gas Supply
17-04-2023

BP Cheers First Oil From Its New Deepwater Gulf of Mexico Platform
UK-headquartered energy giant BP has kicked off oil production from its fifth operated production platform in the U.S. Gulf of Mexico and the first new one since 2008 when Thunder Horse came online. This platform is the crown jewel in the project bestowin
Crude Oil
17-04-2023

Coast Guard Medevacs Oil Tanker Captain off Alabama
The U.S. Coast Guard (USCG) has performed an evacuation via helicopter of a 69-year-old captain from an oil tanker, owned by ASC Leasing IX Inc. and operated by OSG Ship Management, 218 miles offshore Alabama.Overseas Anacortes oil tanker; Source: OSGThe
Oil&Gas Drilling
17-04-2023

COSL Rig Getting Ready for Its Gig off Kuwait
A rig, which is destined to work on a drilling campaign offshore Kuwait, is preparing for its assignment at a Chinese yard. The rig is slated to depart for Kuwait in two months.Oriental Dragon jack-up rig; Source: Saga DrillingScana-owned PSW Technology r
Oil&Gas Drilling
17-04-2023

Green Light for Wintershall Dea to Kick off Drilling Ops With Transocean Rig
Germany’s oil and gas company Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.Transocean Norge;
Oil&Gas Drilling
17-04-2023

The Increasing Number of Oil and Gas Exploration and Production Activities Are Increasing Demand for Oilwell Completion Tools Market
Drilling for Success: Key Drivers Fueling the Growth of the Oilwell Completion Tools MarketThe Growing Importance of Artificial Lift Systems: Artificial Lift Systems (ALS) are becoming increasingly important in the oil and gas industry, as they help in in
Energy Security
13-04-2023

Fire Breaks Out at Offshore Oil Platform, Leaving Four Injured
UK-headquartered oil and gas exploration and production company Trinity Exploration & Production plc has confirmed that a fire broke out on one of its platforms at an oil field offshore Trinidad. As a result, the production has been halted until repai
LNG Carrier
13-04-2023

Philippines Receives First LNG Cargo
The Philippines is receiving its first LNG delivery to the AG&P-led Philippines LNG (PHLNG) import terminal in Batangas from the Vitol-chartered 162,000m³ Golar Glacier.The Golar Glacier came alongside the 138,000m³ Ish floating stor
Natural Gas
13-04-2023

Qatarenergy Adds Sinopec to LNG Expansion: Correction
Clarifies the size of Sinopec's stakeState-owned QatarEnergy (QE) has agreed to transfer a small stake in its 32mn t/yr North Field East (NFE) LNG expansion project to Chinese state-controlled Sinopec."The agreement marks the entry of Sinopec
Natural Gas
13-04-2023

Rig Spuds Fifth Well in Black Sea Drilling Campaign
Canada’s oil and gas player Trillion Energy has started drilling the fifth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.Uranus rig; Source: Trillion EnergyTrillion Energy announ
Oil & Gas Supply
13-04-2023

Guyana Extends Deadline for First Oil Block Bids
Growing oil producer Guyana has extended the deadline for bids in its first competitive auction for offshore blocks by three months to 15 July, the natural resources ministry said today.The ministry launched the auction on 9 December 2022 and had set 14 A
Crude Oil
13-04-2023

Oil Production Cuts to Tighten Market From May and Boost Prices, UBS Says
Drop in crude inventories and supply disruption from northern Iraq of almost 500,000 barrel per day also a factorAn oil field in Russia, which said the 500,000 bpd cut it was implementing from March to June would continue until the end of the year.he volu
Oil Price
12-04-2023

Oil Prices Stable After Recent Gain Amid Tight Market
Crude remains steady as investors await latest economic data due this week
Oil & Gas Supply
12-04-2023

Oil production cuts to tighten market from May and boost prices, UBS says
Drop in crude inventories and supply disruption from northern Iraq of almost 500,000 barrel per day also a factor
Natural Gas
12-04-2023

Angolan Oil and Gas Minister Received in Namibia
　　　H.E. Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil and Gas, met with his Namibian counterpart, H.E. Tom Alweendo, last Thursday as part of an official state visit to Windhoek last week.　　At the invitation of H.E. Minister Al
Natural Gas
11-04-2023

WLPGA Asia Regional Summit 2023
WLPGA Asia Regional Summit – Bangladesh 2023, hosted by The World LPG Association, is the biggest gathering of LPG industry leaders from across the Asia region, who come together to discuss pressing issues affecting their businesses in today&
Natural Gas
11-04-2023

Totalenergies Moves Forward With Iraq’s Gas Growth Integrated Project
TotalEnergies has issued a release stating it will proceed with the Gas Growth Integrated Project (GIPP) in Iraq. While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have, thro
LNG
11-04-2023

FCC Debuts LNG-Powered Tanker Fairchem Pioneer
Fairfield Chemical Carriers (FCC), a US operator specialising in chemical tankers, has launched the Fairchem Pioneer, its first LNG-powered stainless steel chemical tanker.Courtesy of Fairfield Chemical CarriersThe LNG dual-fueled (DF) vessel, jointly dev
LNG
11-04-2023

BwWs FSRU Gearing Up to Serve First Gen’s Batangas LNG Terminal
BW Batangas, a floating storage and regasification unit (FSRU) owned by BW LNG, is getting ready to start its deployment with First Gen Corporation’s Batangas LNG import terminal in the Philippines.Archive. Courtesy of BW LNGAccording to a socia
LNG Carrier
11-04-2023

Nakilat’s LNG Carrier in Its First Commercial STS LNG Transfer With BW Helios
Global Energy, an LNG carrier owned by Qatari LNG shipping operator Nakilat, has wrapped up its first commercial ship-to-ship transfer of LNG.Global Energy; Archive. Courtesy of NakilatIn a brief social media update on 10 April, Nakilat said that Global E
Energy Saving Products
11-04-2023

New Edge-Series Ship Leads the Industry in Fuel Flexibility
Wärtsilä will supply the engines for Celebrity Cruises’ new ship, the fifth vessel in the company’s revolutionary Edge Series.Close collaboration between between Royal Caribbean Group (RCG), the Chantiers de l&rsq
LNG
11-04-2023

The FLNG Market to Recover With a $35BN EPC Contract Value
The Prelude floating liquefaction natural gas (FLNG) unit's final investment decision (FID), announced by Shell in May 2011, was intended to mark the beginning of an era. A period that would bring about the affordable development of stranded gas f

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