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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 Field
14-04-2025

CNOOC Brings On-Stream Wenchang 9-7 Oilfield Development Project
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Wenchang 9-7 Oilfield Development Project has commenced production.The project is located in the western Pearl River Mouth Basin,
LNG
11-04-2025

Another Permit in Place for America’s ‘First’ Offshore LNG Export Project
Delfin Midstream, a U.S.-based company developing LNG export infrastructure, has secured a key permit for its Delfin LNG project in Louisiana and offshore in the U.S. Gulf. On March 10, 2025, the Department of Energy (DOE), led by U.S. Secretary of Energy
LNG
11-04-2025

Mubadala Energy Buys 24% Stake in Kimmeridge, Marking Its First Major U.S. LNG Investment
Mubadala Energy, based in Abu Dhabi, has recently acquired a 24.1% stake in SoTex HoldCo LLC, a company owned by Kimmeridge, an energy-focused alternative asset manager. This deal marks a significant strategic move for both parties. SoTex holds two key as
Crude Oil
11-04-2025

USA Crude Flows to China Trickle to Near Zero After Tariff Blitz
The flow of oil from the United States to China, one of the world’s largest importers, is projected to drop significantly due to increasing trade tensions. Shipments, which had risen in recent years, have been declining for much of 2025, driven
LNG
11-04-2025

Energy Transfer and Midocean Energy Collaborate on Lake Charles LNG
Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has signed a heads of agreement (HOA) with MidOcean Energy, a liquified natural gas (LNG) company managed by EIG Global Energy Partners. The non-binding agreement outlines plans for t
Oil & Gas Trade
11-04-2025

Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say
On Thursday, Venezuela’s state oil company, PDVSA, revoked several authorizations previously granted to U.S.-based Chevron for loading and exporting Venezuelan crude oil in April, according to three informed sources. The decision follows recent
Oil Price
11-04-2025

Egypt Raises Fuel Prices for First Time in 2025
On Friday, Egypt adjusted fuel prices upward by 11.76% to 14.81%, the first such change in 2025, according to state media. The move aligns with the government’s efforts to reduce fuel subsidies as part of an $8 billion International Monetary Fun
Oil Price
10-04-2025

Texas Shale Industry Voices Frustrations With Trump as Oil Prices Tank
At the Permian Basin Petroleum Association’s Spring Swing golf tournament in Odessa, West Texas, oil industry leaders expressed frustration beyond the game. The event, held in a region surrounded by pumpjacks, highlighted a deeper concern: falli
LNG
10-04-2025

Eni Secures Investment for a Second Deep-Sea LNG Platform in Mozambique
The Mozambican government approved a US$7.2-billion investment in the Coral Norte Liquified Natural Gas (LNG) project on Tuesday, with the new platform expected to launch in 2028, according to the Club of Mozambique. This marks the second phase of Italian
Oil Refinery
10-04-2025

US Refiners Unlikely to Spend Big to Process More Domestic Oil
U.S. refiners are hesitant to invest heavily in processing more domestic crude instead of oil from major suppliers Canada and Mexico, according to industry sources and analysts. This reluctance poses a challenge to President Trump’s goal of incr
Crude Oil
10-04-2025

Venezuela’s Oil Flows Again, After a Week of Panic
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long pause at the country’s ports. This follows U.S. tariffs imposed by President Donald Trump on importers of Venezuela’s oil, according to shipping da
Crude Oil
10-04-2025

Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1
On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previous quarter. The increase reflects stronger market conditions, with benchmark Brent crude price
LNG
10-04-2025

Energy Transfer Signs Deal With MidOcean for Lake Charles, Louisiana, LNG Project
Energy Transfer, a U.S. pipeline operator, announced a nonbinding agreement with MidOcean Energy to collaborate on developing the Lake Charles LNG export facility in Louisiana on Wednesday, April 9, 2025. This partnership aims to advance the construction
Oil and Gas Equipment
09-04-2025

SPIE Secures Five-Year Maintenance Contract for Offshore Angola Oil Platforms
SPIE Global Services Energy, a subsidiary of SPIE, has secured a five-year contract with Sonangol Exploração & Produção to maintain the Block 3/05 oil complex in Angola. The agreement, effective from early S
Oil Field
09-04-2025

Shell Starts Production From Dover, Further Advancing Position in U.S. Gulf
Shell Offshore Inc., a subsidiary of Shell plc, has launched production at Dover, a new subsea tieback linked to the Shell-operated Appomattox hub in the Gulf of Mexico. This marks the second project of its kind connecting additional wells to the existing
Oil Price
09-04-2025

Oil Falls to Lowest Since February 2021 as Trump’s Tariffs Take Effect
Oil prices declined for a fifth consecutive day on Wednesday, April 09, 2025, reaching their lowest levels since February 2021. The drop stems from growing concerns over demand, driven by an intensifying tariff dispute between the United States and China,
LNG
09-04-2025

Japan’s Inpex Starts Engineering Design for Indonesia’s Abadi LNG Project
Japan’s Inpex Corp, a major oil and gas exploration company, launched the front-end engineering design (FEED) phase for its Abadi liquefied natural gas (LNG) project in Indonesia. This step forward comes as Indonesian officials urge the company
Crude Oil
09-04-2025

India’s Reliance Shuts Crude Unit for 21 Days’ Maintenance, Sources Say
Reliance Industries, a major player in India’s energy sector, has initiated a 21-day maintenance shutdown at its refinery focused on the domestic market, located in Jamnagar, Western Gujarat. This facility, part of the world’s largest
RNG
09-04-2025

Aemetis Biogas Increases RNG Production by 55% in March
Aemetis Inc., a company specializing in renewable natural gas (RNG) and low-carbon fuels, reported a 55% rise in RNG production in March compared to February. This increase, driven by warmer weather, enhances microbial activity in anaerobic dairy digester
LNG
09-04-2025

Spanish LNG Firm Reaches New Heights With Operations in 30 Countries
Reganosa Group, a Spanish operator of liquefied natural gas (LNG) terminals, has extended its operations to 30 countries worldwide. The milestone follows a new contract to assess the feasibility of a natural gas liquefaction plant on Asia’s coas
Natural Gas
09-04-2025

US Licenses for Trinidad-Venezuela Gas Projects Revoked, Trinidad Says
Wedoany.com Report-Apr. 9, Trinidad and Tobago’s Prime Minister Stuart Young announced on Tuesday that the U.S. has revoked two licenses permitting offshore natural gas development projects between Trinidad and Venezuela. The licenses, granted i
Natural Gas
08-04-2025

Marienergies Discovers Significant Gas Reserves at Mari Ghazij-1 Well in Sindh, Pakistan
MariEnergies has revealed a notable gas find at the Mari Ghazij-1 exploration well, located in the Mari Development & Production Lease (Mari D&PL) area in Sindh Province, Pakistan. Fully owning and operating the Mari D&PL, the company drilled
Oil Price
08-04-2025

Azerbaijani Oil Decreases in Price
Wedoany.com Report-Apr. 8, On April 7, the price of Azerbaijan’s Azeri Light crude oil dropped by $1.5 (2.15%) on a CIF basis at the Italian port of Augusta, reaching $68.14 per barrel, which cited a source in Azerbaijan’s oil and gas
Crude Oil
08-04-2025

Ring Energy Closes Acquisition of CBP Assets From Lime Rock
Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Basin. The deal totals approximately $73.6 million in cash and 6.5 million shares of Ring&rsqu
Natural Gas
08-04-2025

Shell Cuts Gas Output Guidance on Unplanned Maintenance
Shell Plc, a London-based energy company, has revised its outlook for the first quarter of 2025, expecting lower natural gas production and LNG volumes than previously anticipated. The update points to unplanned maintenance in Australia and adverse weathe

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