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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil and Gas Equipment
09-04-2025

SPIE Secures Five-Year Maintenance Contract for Offshore Angola Oil Platforms
SPIE Global Services Energy, a subsidiary of SPIE, has secured a five-year contract with Sonangol Exploração & Produção to maintain the Block 3/05 oil complex in Angola. The agreement, effective from early S
Oil Field
09-04-2025

Shell Starts Production From Dover, Further Advancing Position in U.S. Gulf
Shell Offshore Inc., a subsidiary of Shell plc, has launched production at Dover, a new subsea tieback linked to the Shell-operated Appomattox hub in the Gulf of Mexico. This marks the second project of its kind connecting additional wells to the existing
Oil Price
09-04-2025

Oil Falls to Lowest Since February 2021 as Trump’s Tariffs Take Effect
Oil prices declined for a fifth consecutive day on Wednesday, April 09, 2025, reaching their lowest levels since February 2021. The drop stems from growing concerns over demand, driven by an intensifying tariff dispute between the United States and China,
LNG
09-04-2025

Japan’s Inpex Starts Engineering Design for Indonesia’s Abadi LNG Project
Japan’s Inpex Corp, a major oil and gas exploration company, launched the front-end engineering design (FEED) phase for its Abadi liquefied natural gas (LNG) project in Indonesia. This step forward comes as Indonesian officials urge the company
Crude Oil
09-04-2025

India’s Reliance Shuts Crude Unit for 21 Days’ Maintenance, Sources Say
Reliance Industries, a major player in India’s energy sector, has initiated a 21-day maintenance shutdown at its refinery focused on the domestic market, located in Jamnagar, Western Gujarat. This facility, part of the world’s largest
RNG
09-04-2025

Aemetis Biogas Increases RNG Production by 55% in March
Aemetis Inc., a company specializing in renewable natural gas (RNG) and low-carbon fuels, reported a 55% rise in RNG production in March compared to February. This increase, driven by warmer weather, enhances microbial activity in anaerobic dairy digester
LNG
09-04-2025

Spanish LNG Firm Reaches New Heights With Operations in 30 Countries
Reganosa Group, a Spanish operator of liquefied natural gas (LNG) terminals, has extended its operations to 30 countries worldwide. The milestone follows a new contract to assess the feasibility of a natural gas liquefaction plant on Asia’s coas
Natural Gas
09-04-2025

US Licenses for Trinidad-Venezuela Gas Projects Revoked, Trinidad Says
Wedoany.com Report-Apr. 9, Trinidad and Tobago’s Prime Minister Stuart Young announced on Tuesday that the U.S. has revoked two licenses permitting offshore natural gas development projects between Trinidad and Venezuela. The licenses, granted i
Natural Gas
08-04-2025

Marienergies Discovers Significant Gas Reserves at Mari Ghazij-1 Well in Sindh, Pakistan
MariEnergies has revealed a notable gas find at the Mari Ghazij-1 exploration well, located in the Mari Development & Production Lease (Mari D&PL) area in Sindh Province, Pakistan. Fully owning and operating the Mari D&PL, the company drilled
Oil Price
08-04-2025

Azerbaijani Oil Decreases in Price
Wedoany.com Report-Apr. 8, On April 7, the price of Azerbaijan’s Azeri Light crude oil dropped by $1.5 (2.15%) on a CIF basis at the Italian port of Augusta, reaching $68.14 per barrel, which cited a source in Azerbaijan’s oil and gas
Crude Oil
08-04-2025

Ring Energy Closes Acquisition of CBP Assets From Lime Rock
Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Basin. The deal totals approximately $73.6 million in cash and 6.5 million shares of Ring&rsqu
Natural Gas
08-04-2025

Shell Cuts Gas Output Guidance on Unplanned Maintenance
Shell Plc, a London-based energy company, has revised its outlook for the first quarter of 2025, expecting lower natural gas production and LNG volumes than previously anticipated. The update points to unplanned maintenance in Australia and adverse weathe
Natural Gas
07-04-2025

BP, Repsol Start Production at Cypre Gas Project in Trinidad
BP PLC announced on Monday that the Cypre field, located 78 kilometers off Trinidad and Tobago’s southeast coast, has begun production. Situated in the East Mayaro Block at a water depth of approximately 80 meters, the field is wholly owned by B
Oil Refinery
07-04-2025

China Teapot Oil Refiners Improve Run Rates but Demand Woes, Sanctions Weigh
Operating rates at China’s independent oil refiners in Shandong province, often called teapots, have recently increased slightly, reaching 46% capacity in March 2025, according to Oilchem, a local consultancy. This marks the first rise in three
LNG
12-04-2025

‘World’s First Net-Zero LNG Export Facility’ Shaping up in Canada as $5.1b Project Forges Ahead
Woodfibre Management, a Canadian company based in Vancouver, is advancing its liquefied natural gas (LNG) export project along the southwest coast of British Columbia. The site, located in the District of Squamish, is making progress with the installation
Oil Price
07-04-2025

Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low
On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four months. This adjustment follows a surprising decision by the OPEC+ group on Thursday to boost su
LNG
07-04-2025

Australia’s Woodside Energy to Sell 40% Stake in Louisiana LNG Project to Stonepeak
On Monday, Australian energy company Woodside Energy announced plans to sell a 40% stake in its Louisiana LNG Infrastructure project to Stonepeak, a U.S.-based investment firm. The agreement marks a significant step in the development of the liquefied nat
Oil & Gas Trade
03-04-2025

China’s CNOOC Exits U.S. Offshore Oil and Gas
British energy firm Ineos has finalised its acquisition of the U.S. Gulf assets from China’s state-owned oil company, CNOOC. The deal, completed on April 02, 2025, includes non-operated stakes in Shell’s Appomattox platform and Hess&am
Crude Oil
03-04-2025

Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target
Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this change in its preliminary budget criteria, released late on Tuesday, April 01, 2025. The revised fi
Oil Price
02-04-2025

Oil Prices Steady as Market Awaits Fresh US Tariffs
U.S. oil prices showed some stability after falling earlier in the week amid concerns about new tariffs from President Trump. Brent futures dipped slightly to $74.47 a barrel, while WTI rose to $71.21, though both were down 0.4% on Tuesday. The administra
LNG
02-04-2025

US LNG Exports Soar in March on Ramp up of Plaquemines Plant
The United States set a new record for liquefied natural gas (LNG) exports in March, shipping out over 9 million metric tons (MT) of the superchilled fuel, according to early data from LSEG. This milestone reinforces the U.S. position as the world&rsq
Natural Gas
02-04-2025

Argentina Starts Gas Exports to Brazil Through Bolivia
Argentina successfully exported gas from its Vaca Muerta shale formation to Brazil for the first time, utilizing a network of Bolivian pipelines. This milestone involved a collaboration between TotalEnergies, Bolivia’s state-owned YPFB, and Braz
Natural Gas
01-04-2025

China’s COOEC Starts Shell Nigeria’s Gas Project
China Offshore Oil Engineering Company (COOEC) began fabricating key components for Shell’s HI shallow-water gas and condensate project offshore Nigeria. Located in Offshore Mining Licence (OML) 144, the development includes a three-level topsid
Oil Refinery
05-04-2025

Shell Completes Singapore Refinery Sale to Chandra Asri-Glencore JV
Shell has recently completed the sale of its Singapore refinery and refining assets to a joint venture involving Chandra Asri and Glencore. Trade sources indicate that the new owners have already begun purchasing feedstock. This move follows Shell'
Oil&Gas Drilling
01-04-2025

Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea
Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone in the region. The field, which is expected to produce for 30 years, began operations on March 3

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