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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 & Gas Trade
21-03-2023

IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future
The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says
Nord Stream
20-03-2023

Nord Stream Pipeline Blasts Stirred up Toxic Sediment
The explosions happened in a dumping ground for chemical warfare, but other contaminants proved most toxic to marine life.
Energy Security
20-03-2023

Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) vessel deployed on US supermajor Chevron’s Benchamas field offshore Thailand following
United Kingdom
20-03-2023

BP Ties up With PetroChina to Develop Ccus Cluster in Southern China
Hainan project will draw expertise from BP’s The Net Zero Teesside Power project in UK
Oil Refinery
17-03-2023

Jumbo-SAL-Alliance commences Basrah Refinery Upgrading Project shipments for JGC Corporation
The Jumbo-SAL-Alliance (JSA) has commenced its scope of work in the Basrah Refinery Upgrading Project for JGC Corporation. It is one of the largest projects ever undertaken by the Alliance. The Jumbo Javelin loaded the first of 19 transports at Dahej Indi
Oil & Gas Trade
17-03-2023

Russian Exports: Shipments Fall on Black Sea Storms, Druzhba
kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.China and India absorbed 85% of Russia’s seaborne crude shipments for the month, o
Oil Price
17-03-2023

Global Oil Demand Set to Rise ‘Sharply’ on Air Travel Rebound and China Recovery
A floating refinery and storage vessel crosses Egypt's Suez Canal. Global oil demand will rise by 2 million bpd in 2023. AFPThe International Energy Agency expects global oil demand to rise sharply this year amid a rebound in air traffic and pent-
Natural Gas
16-03-2023

MHIET Releases SGP M2000, a New Natural Gas Engine Cogeneration System
- Help Increasing the Value of DER, Offering High Efficiency in Compact Body -- Achieved electrical efficiency of 44.3%, world's highest-class for 2,000kW natural gas engine- Offering with compact footprint, to be released for Japan market in Apri
Oil Price
15-03-2023

Oil Falls as SVB Collapse Rocks Financial Markets
Oil prices fell more than $1, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis.Brent crude futures were down 82 cents, or 1 per cent, at $79.95 a ba
Natural Gas
15-03-2023

Egypt to Announce New Energy Strategy in Coming Weeks
Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030
LNG
14-03-2023

Fast-Growing Lithuanian Operator Secures Commissioning Contract With Italian LNG Import Terminal
Lithuania-based regasification operator is increasing its presence in countries ranging from Germany to BrazilLithuanian liquefied natural gas import terminal operator Klaipedos Nafta has secured a contract from Italian network operator Snam for the insta
Oil Exploration
14-03-2023

Brazil’s First as Fugro and Petrobras Complete Remote Subsea Inspection Survey
Dutch geo-data specialist Fugro and Brazilian oil and gas giant Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of Brazil.Fugro used a remotely operated vehicle (ROV) deployed from the Fugro Aquarius
Oil & Gas Supply
14-03-2023

Biden Administration Approves Alaska Oil Drilling Project
Environmental groups fear for Alaska's wildlife. Photo: Eric FisherPresident Joe Biden's administration on Monday approved an oil drilling project on Alaska's North Slope.The Interior Department approved US energy company ConocoPhi
LNG
13-03-2023

Bahrain Explores Constructing LNG Export Facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets, the chairman of the kingdom's energy company said.The Gulf Arab state plans to build
LNG
13-03-2023

MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. Global LNG supply is expected to increase by 1% y-o-y this summer, to 200 million MT. Meanwhile, global LNG
Oil & Gas Supply
13-03-2023

Global Liquid Fuel Production to Outpace Demand
The U.S. Energy Information Administration expects global liquid fuel production to outpace demand in 2023 and 2024.The U.S. Energy Information Administration (EIA) expects global liquid fuel production to outpace demand in 2023 and 2024, according to its
Natural Gas
13-03-2023

Premium Grows for US Gas Certified as 'Low-Emission'
Global buyers are increasingly willing to pay more for US natural gas that has been certified as low-emission, top industry officials agree, although the market is still evolving as customers weigh the costs and benefits.We are seeing a premium on the gas
Oil Price
13-03-2023

Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world's largest oil-exporting company, said annual net profit surged 46 per cent in 2022, driven
Oil Price
10-03-2023

Biden Sets Sights on Scrapping Oil and Gas Subsidies
The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document.The report notes that the suggestion to remove government incentives for the oil and gas indus
Oil&Gas Drilling
10-03-2023

Eco Atlantic Notes Africa Oil Corp. Compliant Report on Offshore South Africa Exploration Blocks
(WO) – Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, has noted Africa Oil Corp.’s publication of an independent, NI 51-101 compliant report of qualified reserves and re
Natural Gas
09-03-2023

China, Vietnam Lead Markets With Most Gas Plant Build-Out: Report
The gas capacity across the globe grew by 22% YoY in 2022.China and Vietnam led the markets with the most gas-fired power plant build-out in 2022, Global Energy Monitor (GEM) reported.There are currently 117.21 gigawatts (GW) of gas plant projects in vary
Natural Gas
09-03-2023

Ceraweek: Collapse in Us Natural Gas Prices Dents Market for Shale Deals
(Reuters) — This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to buy when prices were much, much higher.The price volatility has scuppered plans by a unit of T
Oil Pipeline
09-03-2023

Reelwell as Announces Frame Agreement With Equinor to Provide Drill Pipe for Their Operations
The company has announced the signing of a frame agreement with Equinor ASA to provide DualLink™ powered and wired drill pipe for their operations, ahead of installing and operating the system at their Oseberg field.We are very pleased to have s
Energy Security
09-03-2023

German Minister: Nord Stream Attacks May Be ‘False Flag’ Operation
STOCKHOLM (Reuters) - German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, suggesting the attack could also have been a "false flag" o
Oil Refinery
08-03-2023

Hyundai Engineering Secures Advantageous Position From Oil Refinery Construction in Indonesia
An aerial photo of Balikpapan Oil Refinery built by Hyundai Engineering in East Kalimantan on Borneo Island, IndonesiaThe Balikpapan Oil Refinery, built by Hyundai Engineering in East Kalimantan on Borneo Island in Indonesia, reached a 68 percent operatio

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