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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
23-02-2023

Oil Steadies Amid Concerns of Further Interest Rate Raises
Russia could extend output cuts depending on market situation, Deputy Prime Minister says
LNG
22-02-2023

Germany and Belgium to Increase Energy Links With Three New Projects
Image: Belgian Prime minister Alexander De Croo (r) and German chancellor Olaf Scholz (l) meet at the Belgian-German Energy Summit to set priorities on energy cooperation and ensure their implementation (courtesy of Belga)Online agency Clean Energy Wire r
Oil&Gas Drilling
22-02-2023

Valaris Awarded 330-Day Contract Extention by Shell Nigeria for Valaris Ds-10
Valaris has been awarded a 330-day priced option exercised by Shell Nigeria Exploration and Production Company (SNEPCo) offshore Nigeria for drillship VALARIS DS-10. Following the exercise of this option, the rig is under contract through March 2024. The
Oil Pipeline
22-02-2023

TotalEnergies awards TechnipFMC subsea contract offshore Africa worth up to $250 million
TechnipFMC has been awarded a significant contract to supply flexible pipe and associated hardware for the first subsea life extension project by TotalEnergies EP Angola and its Block 17 Partners in West Africa. According to a brief statement, the contrac
Energy Security
22-02-2023

Suncor Gives All-Clear After Incident at Its Commerce City Refinery in Colorado
CALGARY — Suncor Energy Inc. has given the all-clear after responding to a vapor leak at its Commerce City refinery in Colorado.The Calgary-based energy company issued an alert for local residents Tuesday morning, in which it said those nearby may have he
Energy Security
22-02-2023

‘No Excuse’: IEA Tells Fossil Fuel Industry Over Methane Leaks
California Governor Brown on 6 January 2016 declared state of emergency over a gas leak at Porter Ranch storage field, more than two months after the leak stated. The massive methane gas leak had forced people from their homes. [EPA/IRFAN KHAN / POOL]The
LNG
21-02-2023

Perenco Achieves Fid for Gabon LNG Facility
Independent oil and gas company, Perenco, has announced that it has taken a final investment decision for a 700,000-ton Liquefied Natural Gas facility in Gabon, signaling new opportunities for fuel security in Africa, as well as serve to enhance Perenco&a
Natural Gas
21-02-2023

Armour Signs Gas Supply Heads of Agreement
The HOA contemplates the sale of gas produced from the Glyde Field from production startup (mid-CY2025) for 14 years through to the end of CY2039 providing fuel to support the development of the Merlin Diamond Project which is currently undergoing a feasi
Natural Gas
21-02-2023

Market Insights on Coal Bed Methane Covering Up-To-Date Key Trends
The coal bed methane market size is anticipated to rise from US$ 18.72 Bn in 2022, and it is anticipated to surpass US$ 30.78 Bn by 2032. The demand for coal bed methane is expected to increase at a CAGR of 5.10% during the forecast period.The growth is a
Natural Gas
20-02-2023

SENEGAL: Dakar turns to gas and inaugurates a power plant in Malicounda
The 120 MW Malicounda power plant, built under a public-private partnership (PPP), was recently inaugurated. Its construction is part of the Senegalese authorities' desire to adopt natural gas as a transitional energy source.A few days ago, the Pr
Oil & Gas Trade
20-02-2023

GLOBAL MARKET FOR OILFIELD SERVICES CONTRACTORS TO REACH $1 TRILLION IN 2025
(Source: Rystad Energy – Image: Frack operation in the Permian Basin/Lorne Matalon)Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafte
Coal Mine
20-02-2023

Rystad Energy: Fossil Fuel Emissions to Peak Within Two Years
The inflection point for fossil fuel carbon dioxide (CO2) emissions is nigh, with emissions on track to peak by 2025, according to Rystad Energy research and analysis. On the current global pathway of announced policies, projects, industry trends and expe
LNG
20-02-2023

How to fast-track FSRUs safely and efficiently
Coral Favia at the floating LNG terminal in Lubmin (source: DRG Sebastian Frauenlob)With rising demand for LNG imports, there has been a ramp up in need for fast-track floating import hubs, which bring their own challenges and benefits, said experts durin
LNG
20-02-2023

Svanehøj provides tank gauging system to Venture Global LNG
As the US strives to meet the growing demand for LNG in Europe, more LNG tanks are required. Svanehøj France has provided safety instrumentation and software solution for a large LNG export facility in Louisiana.LNG export between the US and Eu
Oil Field
18-02-2023

Geothermal Repurposing Hydrocarbon Fields – First of Its Kind Study
The Aquarius North Sea Geothermal Consortium, led by ZeGen Energy, has completed a geothermal assessment project for TotalEnergies. It is believed to be the first of its kind globally. The 12-month study, which was concluded late last year, fully integrat
Natural Gas
17-02-2023

Naturgy’s Gas Supply Rose by 6% In 2022 to 143 TWh
The Spanish gas company Naturgy has released its 2022 results, posting a net profit of 1.6bn (+35% compared to 2021). The group’s gas supply reached 143 TWh in 2022 (+6%) and the company also traded 125 TWh of LNG (-12%). Gas sales in Spain decl
Oil & Gas Trade
17-02-2023

UK Energy Company Centrica Triples Profit
British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine
LNG
16-02-2023

First Middle East LNG Cargo to Germany Delivered by ADNOC
ADNOC and RWE Aktiengesellschaft (RWE) announced today the successful delivery of the first shipment of LNG from Abu Dhabi in the United Arab Emirates (UAE) to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.Produced by ADNOC Gas at D
LNG
16-02-2023

A Detailed Look at Germany’s LNG Buildout
German utility RWE's trading arm received its first cargo of LNG at the North Sea port of Brunsbuettel, following first LNG arrivals at Wilhelmshaven late last year and test shipments at Lubmin. Germany is looking to end its reliance on Russian ga
Oil & Gas Trade
16-02-2023

First GECF Monthly Gas Market Report now available
Doha, QATAR – 15 February 2023: The GECF is pleased to unveil the inaugural edition of the Monthly Gas Market Report (MGMR). This new publication offers a comprehensive analysis of the global gas market on a monthly basis. It is made publicly av
Crude Oil
15-02-2023

Biden Administration Plans to Sell 26 Million Barrels of Crude
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized.The congressionally mandated sale will amount to 26 millio
Oil & Gas Supply
15-02-2023

OPEC Expects Tighter Oil Market With Lower Supply and Higher Demand
(Bloomberg) – OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply outlook.The Organization of Petroleum Exporting Countries raised its projection for the am
LNG
13-02-2023

Growth in LNG Export Capacity Will Be Limited in 2023
The LNG transport ship called KARMOL LNGT Powership Africa is shown offshore Africa in May 2022. (Photo: Reuters.)After growing aggressively for a decade, the annual additions to world LNG export capacity will slow abruptly in 2023, a recent study has sho
Natural Gas
13-02-2023

Proved Gas Reserves in U.S. Grow To 625.4 Tcf
Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, the latest year in which full statistics are available.A recent report from the U.S. Energy Information Administration indicates that prov
Oil & Gas Trade
13-02-2023

Petronas Divests Entire Interest in Engen
Petronas has reached an agreement to sell its entire 74 percent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol.Petronas President and Group Chief Executive Officer

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