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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

LNG
01-02-2023

LNG Floating Terminal Will Supply New 840-Mw Gas-Fired Plant in Greece
A joint venture featuring three energy companies is developing an 840-MW natural gas-fired power plant at the Aegean port of Alexandroupolis, Greece. The plant will be linked to the liquefied natural gas (LNG) floating terminal at the port. It is expected
LNG
01-02-2023

Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC
Singapore, 31 January 2023 – Mayer Brown advised Itochu Corporation in connection with a 15-year Liquified Natural Gas (LNG) sale and purchase agreement with Rio Grande LNG LLC. Under this agreement, Itochu will purchase one metric tons per annu
LNG
31-01-2023

Wärtsilä Supplying LNG Container Ships
Kota Capar, one of Pacific International Lines's container vessels. (Image: Pacific International Line)Wärtsilä will supply systems for four new 8200 TEU liquefied natural gas (LNG) dual-fuel container ships being built for Singa
United States
31-01-2023

Court Suspends RFS Obligations for 2 Small Refineries
The U.S. Court of Appeals for the Fifth Circuit on Jan. 27 suspended Renewable Fuel Standard compliance obligations for two refineries that were denied small refinery exemptions (SREs) by the U.S. EPA last year.The San Antonio Refinery LLC (TSAR) and Calu
Oil & Gas Trade
31-01-2023

EU Ramps up Non-Russian Diesel Imports Ahead of Embargo
EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil products.The EU received around 146,000 t/d from non-Russian sources in the week to 29 January
Oil & Gas Trade
31-01-2023

Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal
Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, saying the agreement violates the law and was done without its approval.The deal, whi
Oil & Gas Technology
31-01-2023

Gastech 2023 - Shaping the future of energy
Gastech is at the heart of the natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies conversationA landmark event in the energy industry’s calendar, Gastech 2023 is the world’s largest meeting place for the gas, LN
Oil and Gas Equipment
31-01-2023

Strengthening activities in North Africa
Successfully pumping in Algeria. Further projects in realization.This month, Oil Dynamics GmbH completed one year of a trouble-free operation with its first pumping systems in Algeria. The German-based pump specialist is looking forward to commissioning m
Natural Gas
30-01-2023

7th Edition Gecf Global Gas Outlook 2050 Launched
Doha, QATAR – 29 January 2023: The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of the GECF, HE Gabriel M. Obiang Lima, Minister of
LNG
30-01-2023

LNG Has ‘Much Bigger’ Trucking Potential Than CNG
Liquefied natural gas (LNG) has much bigger potential than Compressed Natural Gas (CNG) for regional and long-haul trucking, according to Lars Mårtensson, Director of Environment & Innovation at Volvo Trucks.Speaking at the gasworld LNG: Wha
Oil Price
30-01-2023

Gasoline Price More Expensive Than Year Ago Levels
The price of regular gasoline in the U.S. is more expensive than year ago levels.The price of regular gasoline in the U.S. is more expensive than year ago levels, according to data from the U.S. Energy Information Administration (EIA), AAA Gas Prices, and
LNG
29-01-2023

CNG Africa - Tanzania 2023
TANZANIA CNG ASSOCIATIONBe a part of Africa’s significant footstep towards sustainability by attending CNG Africa as there will be an official formation of Tanzania CNG Association; an association of Tanzania CNG key stakeholders with an objecti
United States
29-01-2023

Chevron Venezuela Output up by 40,000 B/D
Chevron said its crude output in Venezuela has risen by about 40,000 b/d to reach 90,000 b/d since US sanctions were eased against the country late last year, with more growth expected this year.In late November the company was cleared by the US governmen
Oil Refinery
29-01-2023

US Court Halts RFS Mandate for 2 Refineries
An appeals court has suspended the compliance obligations under the Renewable Fuel Standard (RFS) for two small refineries that were denied hardship exemptions last year under a new federal policy.The 5th US Circuit Court of Appeals agreed to stay the com
Oil & Gas Trade
29-01-2023

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fe
Natural Gas
29-01-2023

Greek Firm to Deliver Pipe for Mediterranean Gas Field Optimization Project
Chevron Mediterranean Limited has awarded Corinth Pipeworks with a contract to deliver approximately 155 kilometers of steel pipes for a gas field optimization development in the Southeastern Mediterranean.Under the contract, the Greece company will manuf
Oil & Gas Trade
29-01-2023

U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President
United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022. REUTERS/Amr Alfiky/File PhotoWASHINGTON, Jan
Oil & Gas Trade
29-01-2023

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli
Eni Chief Executive Claudio Descalzi and National Oil Corporation (NOC) head Farhat Bengdara attend the signing of an agreement between the two companies as Italian Prime Minister Giorgia Meloni and head of Libya's Government of National Unity Abd
LNG
28-01-2023

GTT Receives New Tank Design Orders for Two LNG Carriers
Chinese shipyard Dalian Shipbuilding Industry & Co (DSIC) has ordered the tank design of two liquefied natural gas carriers (LNGC) from French LNG containment specialist GTT.The order, received at the beginning of 2023, came on behalf of the company C
Oil Field
28-01-2023

Tullow Updates Performance of TEN and Jubilee Fields Over 2022
In its recent operational update, Tullow Oil reports that production from both the Jubilee and TEN fields realized over 97% operational efficiency and provided plans for the 2023 program.JubileeThe Jubilee field averaged 83.6 kbopd (31.9 kbopd net) in 202
Natural Gas
28-01-2023

US Issues Licence to Trinidad to Develop a Venezuelan Offshore Gas Field
The US Treasury Department has granted a licence to Trinidad and Tobago to develop the 350 mcf/d (3.6 bcm/year) Dragon natural gas field, located in Venezuelan territorial waters. Trinidad and Tobago, which applied for the licence in mid-2022, will now be
Natural Gas
24-01-2023

Snam Will Invest €10BN by 2026 to Boost Italy’s Gas Infrastructure
The Italian gas grid operator Snam has unveiled its 2022-2026 strategic plan, in which it plans to boost Italy's role in Europe’s gas system with new investments amounting to €10bn in the next four years, a 23% increase compared
Africa Energy
24-01-2023

Cameroon Plans to Halve Fuel Subsidies
The Cameroonian government plans to halve fuel subsidies in 2023. Indeed, the authorities are expected to allocate for the subsidies in 2023 only half of the XAF700bn (US$1.2bn) budgeted for 2022. Consequently, pump prices are expected to rise. However, t
Oil & Gas Trade
24-01-2023

Colombia Will Not Issue New Oil and Gas Exploration Contracts
The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy to fill the gap. The announcement, presented as a signal of Colombia’s commitment to
Natural Gas
24-01-2023

Sonatrach Eni: Sign Two Strategic Agreements on Increasing Natural Gas Supply and Reducing Emissions
Toufic Hokkar, president and CEO of Sonatrach Group, and Claudio Descalzi, general manager of Eni, signed two strategic memorandums of intent in Algiers on Monday, which will define future joint projects and carbon neutrality related to energy supply and

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