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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
12-03-2025

CERAWEEK Regulator Approves Cheniere Texas LNG Plant Expansion, Says Executive
U.S. regulators have approved the expansion of Cheniere Energy's (LNG.N),Corpus Christi liquefied natural gas plant in Texas, a Cheniere executive said on Tuesday.A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere
LNG
11-03-2025

Ceraweek Woodside Investment Decision on Louisiana LNG May Slip Into Q2, Says CEO
Australia's Woodside LNG (WDS.AX), may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told on Monday.Woodsid
Crude Oil
10-03-2025

Turkiye’s Daily Oil Production Reaches 132,000 Barrels
Turkiye significantly increased its domestic oil production, reaching a daily output of 132,000 barrels as of March, Turkish Energy and Natural Resources Minister Alparslan Bayraktar told the semi-official Anadolu Agency recently.The Turkish minister anno
Crude Oil
07-03-2025

Mexico President Says Problems With Salt Content in Crude Oil Solved
Mexican President Claudia Sheinbaum said on Thursday that problems with a higher-than-usual content of salt in the crude oil that state energy company Pemex pumps and exports have been resolved.Mexico's President Claudia Sheinbaum waves as she att
Oil Field
06-03-2025

CNOOC Achieves Major Breakthrough in Exploration of Buried Hills in Beibu Gulf Basin
CNOOC Limited (the Company, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin.CNOOC achieves major breakthrough in exp
LNG
06-03-2025

US Approves LNG Export Extension for Golden Pass
The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil (XOM.N), being built in Texas.The logo of American multinatio
Oil & Gas Trade
05-03-2025

US Orders Wind down of Chevron’s Oil Exports From Venezuela
The Trump administration said on Tuesday it was ending a license that the U.S. had granted to oil producer Chevron (CVX.N),since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on e
LNG
04-03-2025

New Fortress Energy Posts Quarterly Loss Amid Lower LNG Export Prices
U.S. LNG firm New Fortress Energy (NFE.O),posted a loss in the fourth quarter on Monday, hurt by weaker performance in its ships as well as terminals and infrastructure segments.LNG exports in the U.S. rose in 2024, reaching near-record levels in December
Oil & Gas Trade
03-03-2025

Finland to Release Oil Tanker Suspected of Power Cable Breach
Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to international waters even as the criminal probe continues, police said on Sunday.Finnish Bo
Oil & Gas Trade
28-02-2025

Congress Kills Biden Era Methane Fee on Oil, Gas Producers
On February 27, 2025, the U.S. Senate voted to approve a resolution reversing a Biden administration policy that introduced a fee on methane emissions. This decision targets a measure previously set by the Environmental Protection Agency (EPA) aimed at re
Oil Price
27-02-2025

Oil Prices Climb From 2-Month Lows as Trump Axes Chevron’s Venezuela License
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024.Oil prices rose slightly on Thursday, recovering from two-month lows, following U.S. President Donald Trump’s decision to revoke a license th
Oil&Gas Drilling
26-02-2025

Algeria’s Sonatrach, China’s Sinopec Sign $850 Million Contract for Hydrocarbon Development, Exploratio
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 20, 2019.On Tuesday, February 25, 2025, Algeria’s state-owned oil and gas company, Sonatrach, entered into a hydrocarbon development and
Natural Gas
01-03-2025

Chevron and Partners Seek Additional Capacity Boost at Mediterranean Gas Field
Chevron, a U.S.-based company, along with its partners, has presented an updated reservoir development plan to the Petroleum Commissioner at Israel’s Ministry of Energy and Infrastructures. This plan focuses on expanding the capacity of the Levi
Crude Oil
25-02-2025

Oil Trade Group Pushes Us for National Ethanol Policy After EPA Okays Midwest Expansion
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023.On Monday, the American Petroleum Institute (API), a trade group, advocated for a uniform national policy on higher-ethanol gasoline blends. This follows the
Crude Oil
24-02-2025

Shearwater Geoservices Gets Work in Oil-Rich Guyana With Exxonmobil
Oil India has announced that it has signed a memorandum of understanding (MoU) with Mineral Exploration and Consultancy (MECL) to collaborate in the exploration and development of critical mineral blocks both in India and overseas.According to an exchange
LNG
24-02-2025

Australia’s Government Delays Approval for Woodside’s Flagship LNG Project Extension
Woodside Energy chief executive, Meg O'Neill, in an interview in March 2024.The Albanese government in Australia has postponed its decision on approving Woodside Energy's North West Shelf (NWS) gas project extension in Western Australia, e
LNG Carrier
01-03-2025

TMS Confirms Order for LNG Dual Fuel Boxships at Chinese Yard
China’s Zhoushan Changhong International Shipyard has confirmed the order for up to 10 liquefied natural gas (LNG)-powered dual-fuel containerships booked by Greek shipping magnate George Economou-led TMS Group.The shipbuilding project was signe
Oil Field
24-02-2025

Allseas Preps for Huge Subsea Pipeline Job at Brazil’s Supergiant Ultra-Deepwater Oil Field
Audacia pipelay vessel;Allseas, a Switzerland-based contractor specializing in offshore pipeline installation, heavy lift, and subsea construction, has started preparations for a major project in Brazil’s second-largest oil field, Búz
Oil Refinery
24-02-2025

Russia Signs Memorandum to Build Port, Oil Refinery in Myanmar
Myanmar and its close ally Russia signed a memorandum on investment cooperation in a special economic zone in Dawei, including construction of a port and an oil refinery, Russia's Ministry of Economic Development said on Sunday.The document was si
Oil & Gas Trade
24-02-2025

Leviathan Partners Eye Big Expansion of Natgas Field for Israel and Export
An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023.Partners in the Israeli Leviathan offshore natural gas project have submitted a multi-billion dollar pl
Oil Price
24-02-2025

Oil Prices Slip as Kurdistan Export Resumption Looms
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awai
Oil&Gas Drilling
21-02-2025

CNOOC Starts Production in Luda 5-2 North Phase 2 in Bohai Sea
'CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil'.CNOOC Ltd. has commenced oil production in the second phase of the Luda 5-2 North fiel
Oil Price
21-02-2025

Oil Holds Above $72 Amid Supply Uncertainty
Oil prices extended modest gains above $72 as supply concerns, a weaker dollar, and refinery shifts influenced market sentiment, while trading remained rangebound amid investor caution.Oil extended a string of marginal gains to settle above $72 a barrel a
LNG Carrier
21-02-2025

Evergreen Orders 11 Mega-Size Containerships Worth US$3.2B
Evergreen Marine has commissioned two shipyards in South Korea and China to build 11 LNG, dual-fueled 24,000 TEU megamax vessels.Each ship is expected to cost between about US$265 million and US$295 million.South Korea's Hanwha Ocean will construc
RNG
21-02-2025

Greengasusa and Darling Ingredients Celebrate First Pipeline Delivery From Dublin RNG Facility
GreenGasUSA and Darling Ingredients Inc. on Feb. 18 announced the first renewable natural gas (RNG) deliveries from a project located at Darling Ingredients’ rendering facility in Dublin, Georgia. The project leverages Darling Ingredients&rs

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