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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
23-02-2025

Centrica to Supply Petrobras With LNG Until 2040s
GasLog WestminsterBrazil’s state-owned energy giant Petrobras has signed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with the U.K.-based energy company Centrica.Petrobras is slated to purchase 0.8 million tons per
Oil&Gas Drilling
21-02-2025

CNOOC Limited Brings On-Stream Luda 5-2 North Oilfield Phase II Development Project
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development Project has commenced production.The project is located in the central part of the Bo
Crude Oil
21-02-2025

Colombia’s Ecopetrol Books Biggest Increase in Proven Oil, Gas Reserves in Three Years
Oil pumpjacks are pictured in an Ecopetrol oil field in Barrancabermeja, Colombia October 11, 2024.Colombia's Ecopetrol (ECO.CN), booked its biggest increase in proven oil and gas reserves in three years in 2024, rising to 1.89 billion barrels of
Crude Oil
21-02-2025

US Refiners Mull Switch to Alternative Lighter Crudes Amid Trump Tariff Fears
U.S. flags are displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022.Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they awai
Crude Oil
21-02-2025

US Refiners Mull Switch to Alternative Lighter Crudes Amid Trump Tariff Fears
U.S. flags are displayed at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022.Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they awai
Gas Pipeline
20-02-2025

Kinder Morgan Closes on Us$640 Million Acquisition of a Natural Gas Gathering and Processing System From Outrigger Energy II
Kinder Morgan, Inc. has announced that its subsidiary, Hiland Partners Holdings LLC, closed on its previously announced US$640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC. The acquisiti
Oil Field
20-02-2025

UK Player Staying on Duty at Giant Oil Field Offshore Qatar for Five More Years
Al Shaheen field in QatarEnerMech, a UK-based integrated solutions provider, has secured a five-year contract extension with North Oil Company (NOC), a partnership between QatarEnergy (70%) and TotalEnergies (30%). The agreement involves work at the Al Sh
Oil Field
20-02-2025

China Completes Drilling of Asia’s Deepest Vertical Well
Staff members pose for a group photo as they celebrate the completion of the drilling of "Shenditake 1," an ultra-deep borehole reaching 10,910 meters, in the hinterland of the Taklimakan Desert in the Tarim Basin, northwest China's Xinj
Oil Refinery
20-02-2025

OMV Petrom Starts Construction of Sustainable Fuels Production Unit at Petrobrazi Refinery
OMV Petrom S.A. (Bucharest, Romania) announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery. This new facility will position OMV Petrom as the first major producer of
Oil & Gas Trade
20-02-2025

Texas Gulflink Deepwater Port Secures Marad Approval After Multi-Year Review
Sentinel Midstream's Texas GulfLink deepwater crude oil export terminal has received approval from the U.S. Department of Transportation's Maritime Administration for its deepwater port license application. The approval concludes a multi-y
Oil Field
20-02-2025

Enermech Wins Long-Term Extension for NOC Contract, Offshore Qatar
EnerMech has successfully renewed its contract with North Oil Company (NOC) for an additional five years, continuing to provide leak testing and flange management services. This new deal builds on the strong partnership between the two companies, which da
Oil Field
20-02-2025

Diamondback Energy Announces Midland Basin Deal
Diamondback said it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco LLC.Diamondback Energy Inc announced a Midland Basin acquisition in a statement posted on its site on Tuesday.In that statement,
Crude Oil
23-02-2025

Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
A crude oil tanker.Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch of curbs from the US, enlisting a new roster of vessels to keep barrels moving.Between Jan. 30
Oil & Gas Trade
20-02-2025

Russia’s Oil Product Exports Decline as Diesel Surge Tapers Down
Lights illuminate the site of the Gazprom PJSC Amur gas processing plant, under-construction by China Gezhouba Group Corporation (CGGC), as part of the Power Of Siberia gas pipeline project, near Svobodny, in the Amur region, Russia, on Thursday, Dec. 12,
Oil Price
20-02-2025

China to Cut Gasoline, Diesel Retail Prices on Thursday
China will reduce the retail prices of gasoline and diesel on Thursday, the first such move this year, based on recent changes in international oil prices, the country's top economic planner said on Wednesday.Gasoline prices will be slashed by 170
LNG
20-02-2025

More US LNG Coming to Market in Mid-April With Start-up of Commercial Ops at Calcasieu Pass
Calcasieu Pass facility;U.S.-based liquefied natural gas (LNG) export project developer Venture Global has disclosed a date for the beginning of commercial operations at its LNG export project in Cameron Parish, Louisiana, south of Lake Charles, United St
Natural Gas
20-02-2025

Exxon, Government Plan Large-Scale Gas Project in Oil-Dominated Guyana
An Exxon gas station seen in Washington, U.S., November 26, 2024.U.S. oil major Exxon Mobil (XOM.N), opens new tab plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government
OPEC
19-02-2025

Brazil Joins OPEC+
Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said.At the announcement of the Brazilian government’s decis
Oil Pipeline
19-02-2025

Strohm and Unitech Offshore to Deliver Enhanced Pipeline Solutions
Thermoplastic composite pipe (TCP) manufacturer Strohm, and provider of subsea connection systems UNITECH Offshore have signed a MoU to develop and commercialise an integrated system for the transportation of fluids and gases.Under the MoU, the two compan
Natural Gas
19-02-2025

Output of China’s First Deep Coal-Measure Gas Field Hits 3 Billion Cubic Meters
PetroChina announced that its Daji gas field, China's first successfully developed deep coal-measure gas field, has achieved cumulative production of over 3 billion cubic meters on Tuesday.As one of the country's first national coalbed met
LNG
19-02-2025

Tokyo Gas Enters Philippine LNG Market With Terminal Stake
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017.Tokyo Gas (9531.T) said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natura
Oil and Gas Equipment
19-02-2025

Halliburton Launches Its Second Electric TRSV Following Success of Industry’s First
Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New T
RNG
19-02-2025

RNG Coalition Sponsors Introduction of California Biogas Bill
California Senator Timothy Grayson has introduced Senate Bill 377 (SB-377), which aims to modify the state's renewable natural gas (RNG) procurement framework and allow utilities to recover costs associated with RNG interconnection investments. Sp
Oil & Gas Trade
19-02-2025

Texas Gulflink Oil Export Project Gets Federal Approval
Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.Sentinel Midstream has received approval from the Department of Trans
Oil and Gas Equipment
19-02-2025

Exxon’s Fourth Floating Oil Production Facility for Guyana Departs From Singapore
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024.The fourth floating production facility to be operated by a consortium led by Exxon Mobil (XOM.N), in Guyana has departed from Singapore on its route to the

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