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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

World Energy Outlook
13-01-2023

South America to Stay ‘Key Region for High-Impact Exploration’, Westwood Says in 2023 Outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil p
LNG
13-01-2023

Europe’s Scramble for Natural Gas Will Not Affect Renewable Energy Transition, Irena Says
Francesco La Camera, director general of Irena, at an event in Berlin. EPAThe transition to renewable energy will remain steady in the long-term even as European countries scramble to increase their natural gas imports, the director general of the Abu Dha
United States
13-01-2023

Oil Prices Rise After Surging 3% On China Recovery Optimism
Pump jacks at an oilfield in Texas. Oil futures gained despite a surprise rise in US crude stocks.Oil prices rose on Thursday after surging by about 3 per cent in the previous session amid increasing hopes of a rebound in fuel demand in China.Brent, the b
Oil Price
11-01-2023

Further Oil Stock Releases by Iea Member Countries ‘on the Table’
Further releases of oil stocks by International Energy Agency member countries are on the table in the event of market disruptions, the agency's chief energy economist said on Wednesday.In perspective, there are still substantial stocks available
Oil Price
11-01-2023

Oil Prices Fall on Us Crude Build-up and Recession Fears
The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wednesday amid a build-up in US crude stocks and growing fears of a global economic slowdown.Brent,
Natural Gas
10-01-2023

Germany's Natural Gas
Germany
09-01-2023

Challenges Remain Despite Gas Prices Drop in Europe
Photo taken on June 28, 2022 shows the site of the Midia natural gas development project in Vadu village on the Black Sea coast in southeastern Romania. [Photo/Xinhua]ROME - Helped by mild winter weather and high storage, prices for natural gas in the Eur
OPEC
09-01-2023

Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of Petrol
Energy Investment
09-01-2023

Qatarenergy, Us Giant Take Investment Decision on Massive $6 Billion Ras Laffan Complex
Qatari giant also awarded EPC contract for project's ethylene plant to pairing of Samsung Engineering and CTCIQatarEnergy and US giant Chevron Phillips Chemical have taken the final investment decision to build a massive petrochemical complex in Q
Natural Gas
09-01-2023

Conrad Awarded Indonesia Blocks With Development, Multi-Tcf Exploration Potential
Acreage offshore Aceh hosts existing gas discoveries awaiting exploitationAsia-focused independent Conrad Asia Energy has been awarded two new production sharing contracts offshore Indonesia, which offer fast-track development options for existing shallow
Oil Field
09-01-2023

Petronas Awards Banang Oilfield Prize
Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production, operations and maintenance services under the Technical Service Agreement for its Banang o
LNG
09-01-2023

LP Gas Price Increases for the First Time in 2023
The federal government published the maximum prices for LP gas for the second week of 2023.The Energy Regulatory Commission (CRE) announced the prices applicable to Liquefied Petroleum (LP) gas for the week of January 8 to 14, 2023 for the 201 regions int
Oil&Gas Drilling
09-01-2023

China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan
(Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern Amu Darya basin as the group seeks to increase revenue.oil rig for oil productionXinjiang Central Asia Petroleum
Oil&Gas Drilling
06-01-2023

Extra Time for Shelf Drilling Tenacious in Angola
Shelf Drilling reports that it has secured a further 12-month extension on the Shelf Drilling Tenacious jack-up rig in direct continuation of its current contract for drilling operations offshore Angola. The rig is now committed until November 2024.The Te
Oil & Gas Supply
06-01-2023

Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competit
Oil Price
06-01-2023

Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO
OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not going to let Brent stay around $75 a barrel, Scott Sheffield said, adding that it wouldn&rs
Oil Exploration
06-01-2023

China, Philippines to Negotiate Oil and Gas Exploration Talks in South China Sea
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing
LNG
05-01-2023

Gazprom JV Sues Linde Over Stalled LNG Project
A court in St. Petersburg has frozen the Russian assets of industrial gases and engineering giant Linde, which is being sued by a Gazprom joint venture over a stalled gas-processing and LNG project at Ust-Luga on Russia's Baltic Sea Coast.In recen
Oil Exploration
05-01-2023

First Oil Flows Into Jack-up Rig After It Gets New Lease on Life as Mopu
India’s government-owned company Oil & Natural Gas Corporation (ONGC) has welcomed the first oil flowing into a jack-up rig, which was recently converted into a mobile offshore production unit (MOPU).ONGC disclosed on Tuesday that the 1973-b
LNG
04-01-2023

Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria
President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adviser to the President on media, Femi Adesina, President Buhari made the promise when he receive
Oil & Gas Trade
04-01-2023

FPSO Gets More Time With Eni Off Nigeria
While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage and offloading (FPSO) vessels, which will continue carrying out operations on a field located of
Crude Oil
04-01-2023

Energy outlook: Oil making a comeback in 2023, says WoodMac
With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023, which point to a rebounding oil demand and surging EV sales, along with some other forecasts
Oil Price
04-01-2023

Oil Swings on First Trading Day of 2023 Amid Demand Concerns and IMF Recession Warning
Fund's managing director says the global economy faces 'a tough year, tougher than the year we leave behind'IMF chief Kristalina Georgieva repeated an earlier warning that a third of the global economy will be in recession this yea
Natural Gas
04-01-2023

U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve to keep prices down.US Oil & Gas Association President Tim Stewart said that the industry&am
Oil & Gas Trade
03-01-2023

Bintai Kinden Expands Further into O&G
Company's 51%-owned sub-subsidiary, Bintai Energy, awarded RM4.0 million subcontracts by Petro Flanges & Fittings and received licenses from Petronas to supply products and services to O&G businessesPETALING JAYA, Malaysia, Jan 3, 2023 - (

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