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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 & Gas Trade
18-04-2025

Russia Ramps up Oil Products Supplies to Indonesia
Russia has increased its oil product shipments to Indonesia as it seeks new markets for its exports, according to market sources and LSEG data reported on April 17, 2025. This shift follows a European Union embargo on Russian oil product imports that bega
Crude Oil
17-04-2025

Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say
QatarEnergy has raised the term price for al-Shaheen crude oil for June-loading cargoes, setting it at a $1.76 per barrel premium above Dubai quotes, according to trade sources. This marks the first price increase in three months, up from the $1.29 per ba
LNG
17-04-2025

America’s Calcasieu Pass LNG Gets Into the Swing of Commercial Ops
Venture Global, a U.S.-based liquefied natural gas (LNG) developer, has commenced commercial operations at its Calcasieu Pass LNG project in Cameron Parish, Louisiana, south of Lake Charles. Portugal’s Galp confirmed its first LNG cargo from the
Oil Field
17-04-2025

Hunt for Partners Coming Soon as Brazilian Oil Project’s Cost Estimates Reach up to $1.2b
Australia’s Karoon Energy is advancing its Neon oil field project in the Santos Basin, 75 kilometers northeast of the Baúna project off Brazil’s coast. The company is seeking a partner before making a final investment decisi
LNG
17-04-2025

Australia’s Woodside Signs LNG Supply Deal With Germany’s Uniper
On Thursday, Woodside Energy, a leading Australian gas producer, announced new liquefied natural gas (LNG) sale and purchase agreements with Uniper, a German utility company. The agreements involve Woodside supplying 1 million tonnes per annum (Mtpa) of L
Oil Field
16-04-2025

BW Energy Sets Aside $107M to Boost Production From Brazilian Deepwater Field
BW Energy, listed in Oslo, has approved the final investment decision for the Golfinho Boost project, targeting an additional 3,000 barrels per day of oil production starting in 2027 at the Golfinho field offshore Brazil. The initiative aims to enhance op
LNG
16-04-2025

Thailand Plans to Import More U.S. LNG Over Next 5 Years, Says Minister
Thailand intends to boost imports of liquefied natural gas (LNG) from the United States over the next five years, Finance Minister Pichai Chunhavajira announced on Wednesday. This statement precedes a scheduled meeting with U.S. officials early next week
Natural Gas
16-04-2025

Gas Uptick for Shell’s North Sea Development Project
Shell, a UK-based energy company, has reported enhanced porosity and permeability in its natural gas discovery on the UK Continental Shelf in the Southern North Sea, leading to increased recoverable gas estimates for its partner, Deltic Energy. The discov
Oil and Gas Equipment
16-04-2025

Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana
A consortium led by Exxon Mobil, a U.S.-based energy company, is preparing to install its fourth floating production storage and offloading (FPSO) facility, named One Guyana, in Guyanese waters, according to the country’s maritime regulator. The
Oil Field
16-04-2025

Brazilian Oil Field’s FPSO Two Wells Richer With Another Duo Slated for June
Brava Energia, a Brazilian energy company formed from the merger of 3R Petroleum and Enauta, has activated two additional wells, 4H and 5H, at the Atlanta field in the Santos Basin, off Brazil’s coast. These wells, connected to the FPSO Atlanta,
LNG
16-04-2025

Chinese Shipbuilder Delivers 24,000-TEU LNG Dual-Fuel Container Ship
Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of China State Shipbuilding Corporation Limited (CSSC), delivered the CMA CGM SEINE, a 24,000-TEU liquefied natural gas (LNG) dual-fuel container ship, to France’s CMA CGM Group in Sha
Natural Gas
16-04-2025

US Natgas Output and Demand to Peak in 2032, EIA Says
The Energy Information Administration (EIA) released its Annual Energy Outlook, projecting that U.S. natural gas production and demand will both peak in 2032. The report indicates that dry gas production will reach 119.0 billion cubic feet per day (bcfd),
LNG
15-04-2025

Totalenergies Secures Long-Term LNG Supply From Rio Grande Facility in Texas
TotalEnergies has entered into a 20-year Sales and Purchase Agreement (SPA) with NextDecade to secure 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from Train 4 of the proposed Rio Grande LNG facility in Texas. The agreement’s
Oil Field
15-04-2025

Oil Uplift Coming up Next on Brazilian Field’s Horizon
BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offshore Brazil. The initiative aims to enhance oil production at the Golfinho field, following
Oil Price
15-04-2025

JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 2025 Brent crude forecast to $66 per barrel from $73 and its 2026 estimate to $58 from $61. For WT
Oil Field
14-04-2025

BP Makes New Oil Discovery off US Gulf Coast
On Monday, BP announced a new oil discovery in the Far South field, located in the U.S. Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584, approximately 120 miles off Louisiana’s coast, confirmed the presence of oil. A side
Crude Oil
14-04-2025

Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydminster, Saskatchewan, heavy oil region. The transaction includes the TWP48 properties, with the TW
Oil Refinery
14-04-2025

Sinopec, Aramco Sign Agreement for Yanbu Refinery Expansion in Saudi Arabia
China Petroleum & Chemical Corporation (Sinopec) and Saudi Arabian Oil Company (Aramco) have signed an agreement to expand the Yanbu Refinery in Saudi Arabia’s Yanbu Industrial City. The project focuses on enhancing the refinery’s
Oil&Gas Drilling
14-04-2025

Transocean Equinox Rig Arrives to Embark On Otway Basin Exploration
The Transocean Equinox rig has reached the Otway Basin, advancing the Otway Exploration Drilling Programme (OEDP) set for 2025. This initiative, led by ConocoPhillips Australia (COPA) with 3D Energi as a partner, aims to explore natural gas reserves in th
Oil Pipeline
14-04-2025

Oando Pipelines in Nigeria’s Oil-Rich Bayelsa State Hit by Sabotage Attacks
Oando Plc, a Nigerian oil producer, reported three incidents targeting its pipelines in Bayelsa state, southern Nigeria, over the past week. The company announced the events late on Friday, detailing impacts on key infrastructure in the oil-rich region.A
Crude Oil
14-04-2025

China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
China's crude oil imports in March reached 51.41 million metric tons, equivalent to 12.1 million barrels per day (bpd), according to data released by the General Administration of Customs on Monday. This marks the highest level since August 2023,
Crude Oil
14-04-2025

Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say
Chevron Corp. has been directed to return nearly 1 million barrels of oil to Venezuela’s state-owned company, Petroleos de Venezuela SA (PDVSA), affecting the U.S. company’s plans to secure crude before ceasing operations in the countr
Oil Shale
14-04-2025

Shale Drillers Idle U.S. Rigs at Fastest Pace in Almost Two Years
U.S. shale drilling activity slowed significantly this week, marking the steepest decline in nearly two years, as global trade uncertainties weigh on energy demand forecasts. Data released by Baker Hughes Co. on Friday showed a drop of nine oil rigs, brin
RNG
14-04-2025

Montauk Renewables and American Environmental Landfill Break Ground on Tulsa RNG Project
On April 9, Montauk Renewables Inc. announced that its subsidiary, Tulsa LFG LLC, began construction on a renewable natural gas (RNG) project at the American Environmental Landfill Inc. (AEL) in Tulsa, Oklahoma. The groundbreaking ceremony marked the star
Gas Pipeline
14-04-2025

TC Energy Rules Out Sale of Canadian Mainline Pipeline
TC Energy Corp.’s Chief Executive Officer, Francois Poirier, has confirmed that the company will not sell its Canadian Mainline natural gas pipeline, a vital energy asset spanning over 14,000 kilometers from Alberta to Ontario and Quebec. The pi

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