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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
22-12-2022

New Petrobras’ FPSO Begins Production
Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected start of production in 2023.Photo: Felipe Gaspar/ Source: PetrobrasThe P-71 platform vessel start
Natural Gas
22-12-2022

Eni Scores Gas God Off Cyprus
The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.Picture shows; The Tungsten Explorer. Unknown. Supplied by Vantage Drilling Date; UnknownTotalE
Natural Gas
22-12-2022

Putin Oversees Launch Of Siberian Gas Field Feeding Pipeline To China
Russian President Vladimir Putin takes part in a ceremony launching production at the Kovykta gas field, which will feed into the Power of Siberia pipeline carrying Russian gas to China, via a video link with head of Gazprom Alexei Miller in Moscow, Russi
LNG Carrier
22-12-2022

Svanehøj Bags Cargo Pump Order For LNG-/LBG-fueled Tankers
Marine pump specialist Svanehøj marks the end of a remarkable 2022 with a significant order of 98 electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear.Swedish Furetank A
Oil Price
22-12-2022

Oil Prices Rise Over $2 On Drawdown In U.S. Crude Stocks
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantHOUSTON, Dec 21 (Reuters) - Oil prices rose by more than $2 a barrel on Wednesday after data showed a large
Natural Gas
21-12-2022

CRE Announced The Expiry Of Several LPG Licenses.
In accordance with Article 55, Part 1 (b) of the Hydrocarbon Act, the regulatory authority of the Energy Regulatory Commission (CRE) approved an agreement to invalidate 68 licenses for various liquefied petroleum gas (LP gas) activities.When submitting th
Oil Pipeline
21-12-2022

TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, U.S., December 9, 2022. REUTERS/Drone BaseDec 20 (Reuters) - TC Ene
LNG
21-12-2022

U.S. Allows Sempra To Re-export LNG From Mexico
Sempra Energy headquarters is pictured in downtown San Diego, California, U.S., May 17, 2018. REUTERS/Mike BlakeWASHINGTON, Dec 20 (Reuters) - The U.S. Energy Department on Tuesday approved permits for Sempra Energy (SRE.N) to send U.S. natural gas to Mex
Oil & Gas Supply
21-12-2022

European Gas Shortages To Keep Wholesale Prices High This Winter And Next
New modelling from Cornwall Insight included in our report - ‘Another winter of discontent?’ - has shown wholesale gas prices this December have more than doubled since November and are significantly higher than this time last year. Th
Oil Price
20-12-2022

Oil Prices sSteady Amid Rising Covid-19 Cases In Top Crude Importer China
The US said it would replenish its Strategic Petroleum Reserve, starting with a purchase of 3 million barrels of crude. ReutersOil prices were steady on Tuesday as investors weighed positive economic data from Germany and rising Covid-19 cases in China, t
Oil Exploration
20-12-2022

QatarEnergy, TotalEnergies And Petronas Win Offshore Exploration Block In Brazil
A consortium of three oil and gas giants – Qatar’s QatarEnergy, France’s TotalEnergies, and Malaysia’s Petronas – have been awarded an offshore exploration block during the first cycle of Brazil’
Oil&Gas Drilling
20-12-2022

Rig Workers Evacuated Following Issue On Noble Jack-up
Offshore drilling contractor Noble Corporation has evacuated all rig personnel after an issue was found on one of the legs of a Noble Corporation-owned jack-up rig.Noble disclosed late on Friday, 16 December 2022 that the Noble Regina Allen jack-up rig ex
Crude Oil
20-12-2022

Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantNEW YORK, Dec 19 (Reuters) - Oil prices rose on Monday, as optimism around China relaxing its COVID-19 rest
Natural Gas
20-12-2022

EU Countries Agree Gas Price Cap To Contain Energy Crisis
BRUSSELS, Dec 19 (Reuters) - European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.The cap is the 27-country EU'
United Kingdom
19-12-2022

Investors Ramp Up Pressure On Big Oil Firms To Set 2030 Climate Targets
Shell's Brent Delta oil platform is towed into Hartlepool, Britain May 2, 2017. REUTERS/Darren StaplesLONDON, Dec 19 (Reuters) - A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad
Oil Field
19-12-2022

Fire Under Control At Unit Of Siberian Oil And Gas Condensate Field
MOSCOW, Dec 18 (Reuters) - A unit at an oil and gas condensate Markovskoye (Markovsky) field in Russia's Irkutsk region in Siberia caught fire over an area of about 1,000 square metres, but the blaze was brought under control, emergency services s
Natural Gas
19-12-2022

Egypt Discovers Large Gas Field in Mediterranean, Minister says
Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla attends a session at the Egypt's 5th Petroleum Show "EGYPS 2022" at the capital city of Cairo, Egypt, February 14, 2022. REUTERS/Amr Abdallah DalshCAIRO, Dec 15 (
Oil Price
19-12-2022

EU Considers Lower Gas Price Cap In Hunt For Monday Deal
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, September 28, 2022. REUTERS/Yves HermanBRUSSELS, Dec 18 (Reuters) - European Union countries are considering a proposal to cap gas prices at lower levels than sugges
Oil & Gas Trade
19-12-2022

China's November Diesel, Gasoline Exports Jump To Highest In Over A Year
SINGAPORE, Dec 18 (Reuters) - China's diesel and gasoline exports continued to surge in November, hitting their highest levels since June and May 2021 respectively, as refiners dashed to use up their 2022 export quotas and sell down rising invento
Crude Oil
19-12-2022

OQ Completes Work On Ras Markaz Crude Storage Terminal
Image courtesy: ONAOman-based OQ, a global integrated energy group, has completed the basic construction works of Ras Markaz crude oil storage terminal whose storage capacity is about 26.7 million barrels.This oil storage and export project, carried out b
Saudi Arabia
19-12-2022

‘Need For Cooperation’ To Achieve Net Zero By 2050
Sheikh Ahmed bin Saeed Al MaktoumThere needs to be cooperation among the related organisations in the UAE to achieve the objectives of the UAE Net Zero by 2050 strategic initiative.This was the view of Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Du
Oil & Gas Trade
19-12-2022

Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China
Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated with an existing refinery in Yanbu and build a greenfield project in Gulei, in China&rsquo
Oil & Gas Supply
16-12-2022

Brazil Fuel Tax Case Settlement Could Improve Market For Ethanol
A gas station worker fills up a car's tank with ethanol in Cuiaba, Brazil, October 2, 2019. REUTERS/Marcelo TeixeiraSAO PAULO, Dec 15 (Reuters) - A settlement reached by Brazil's Supreme Court in a case opposing the federal government and
Crude Oil
16-12-2022

China Boosted Crude Oil Storage Even As Refiners Processed More
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File PhotoLAUNCESTON, Australia, Dec 15 (Reuters) - China's loosening of its strict zero-COVID restrictions is widely being viewed as bull
LNG
16-12-2022

ICE Warns It Could Relocate Gas Trading Out Of EU If Bloc Caps Price
A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/Brendan McDermid/File PhotoBRUSSELS, Dec 15 (Reuters) - The Intercontinental Exchange has warne

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