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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

Natural Gas
07-04-2025

BP, Repsol Start Production at Cypre Gas Project in Trinidad
BP PLC announced on Monday that the Cypre field, located 78 kilometers off Trinidad and Tobago’s southeast coast, has begun production. Situated in the East Mayaro Block at a water depth of approximately 80 meters, the field is wholly owned by B
Oil Refinery
07-04-2025

China Teapot Oil Refiners Improve Run Rates but Demand Woes, Sanctions Weigh
Operating rates at China’s independent oil refiners in Shandong province, often called teapots, have recently increased slightly, reaching 46% capacity in March 2025, according to Oilchem, a local consultancy. This marks the first rise in three
LNG
12-04-2025

‘World’s First Net-Zero LNG Export Facility’ Shaping up in Canada as $5.1b Project Forges Ahead
Woodfibre Management, a Canadian company based in Vancouver, is advancing its liquefied natural gas (LNG) export project along the southwest coast of British Columbia. The site, located in the District of Squamish, is making progress with the installation
Oil Price
07-04-2025

Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low
On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four months. This adjustment follows a surprising decision by the OPEC+ group on Thursday to boost su
LNG
07-04-2025

Australia’s Woodside Energy to Sell 40% Stake in Louisiana LNG Project to Stonepeak
On Monday, Australian energy company Woodside Energy announced plans to sell a 40% stake in its Louisiana LNG Infrastructure project to Stonepeak, a U.S.-based investment firm. The agreement marks a significant step in the development of the liquefied nat
Oil & Gas Trade
03-04-2025

China’s CNOOC Exits U.S. Offshore Oil and Gas
British energy firm Ineos has finalised its acquisition of the U.S. Gulf assets from China’s state-owned oil company, CNOOC. The deal, completed on April 02, 2025, includes non-operated stakes in Shell’s Appomattox platform and Hess&am
Crude Oil
03-04-2025

Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target
Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this change in its preliminary budget criteria, released late on Tuesday, April 01, 2025. The revised fi
Oil Price
02-04-2025

Oil Prices Steady as Market Awaits Fresh US Tariffs
U.S. oil prices showed some stability after falling earlier in the week amid concerns about new tariffs from President Trump. Brent futures dipped slightly to $74.47 a barrel, while WTI rose to $71.21, though both were down 0.4% on Tuesday. The administra
LNG
02-04-2025

US LNG Exports Soar in March on Ramp up of Plaquemines Plant
The United States set a new record for liquefied natural gas (LNG) exports in March, shipping out over 9 million metric tons (MT) of the superchilled fuel, according to early data from LSEG. This milestone reinforces the U.S. position as the world&rsq
Natural Gas
02-04-2025

Argentina Starts Gas Exports to Brazil Through Bolivia
Argentina successfully exported gas from its Vaca Muerta shale formation to Brazil for the first time, utilizing a network of Bolivian pipelines. This milestone involved a collaboration between TotalEnergies, Bolivia’s state-owned YPFB, and Braz
Natural Gas
01-04-2025

China’s COOEC Starts Shell Nigeria’s Gas Project
China Offshore Oil Engineering Company (COOEC) began fabricating key components for Shell’s HI shallow-water gas and condensate project offshore Nigeria. Located in Offshore Mining Licence (OML) 144, the development includes a three-level topsid
Oil Refinery
05-04-2025

Shell Completes Singapore Refinery Sale to Chandra Asri-Glencore JV
Shell has recently completed the sale of its Singapore refinery and refining assets to a joint venture involving Chandra Asri and Glencore. Trade sources indicate that the new owners have already begun purchasing feedstock. This move follows Shell'
Oil&Gas Drilling
01-04-2025

Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea
Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone in the region. The field, which is expected to produce for 30 years, began operations on March 3
Oil Shale
01-04-2025

Japan’s Tokyo Gas Expands in US Shale Gas With Chevron Deal
TG Natural Resources LLC (TGNR), a company owned by Tokyo Gas and Castleton Commodities International, recently acquired a 70% stake in Chevron’s east Texas gas assets for $525 million. This move marks a significant expansion for TGNR, which is
Natural Gas
04-04-2025

BpTT Advances Upstream Strategy With Ginger Gas Project Approval
The British company BP (bpTT) has achieved a significant milestone by finalising the investment decision (FID) on the Ginger gas development. This marks progress in BP’s operations in Trinidad and Tobago. The company has also made a gas discover
Oil Price
01-04-2025

Petrobras Lowers Diesel Prices for First Time in More Than a Year
Petrobras lowers diesel prices for the first time in over a year, impacting fuel costs in Brazil. The state-run oil company announced a 4.6% cut in diesel prices, reducing the price per liter to 3.55 reais ($0.6197), effective April 1. Gasoline prices rem
Natural Gas
01-04-2025

Shell Warns Australia’s Gas Reservation Plan Could Worsen Shortages
On May 3, as Australia approaches its general election, energy has become a key political issue. The conservative Liberal-National coalition has pledged to tackle rising power bills and potential gas shortages on the east coast through a gas reservation s
LNG
31-03-2025

US Player Tasked With Taking Alaskan LNG Project to Finish Line
The Alaska Gasline Development Corporation (AGDC) has teamed up with Glenfarne Alaska LNG, an affiliate of Glenfarne Group, to become the majority owner of a proposed liquefied natural gas (LNG) export project in Alaska. Under the deal, Glenfarne will acq
Oil Field
31-03-2025

China’s CNOOC Discovers 100 Mln-Ton Oilfield in South China Sea
The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes on Monday.The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the C
Oil & Gas Trade
31-03-2025

PetroChina Reports Record 2024 Net Income on Higher Production
PetroChina (601857.SS), Asia's largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices.A 3D printed natural gas pipeline is placed in front of displ
Oil Refinery
28-03-2025

Suncor Finds Source of Spill at Sarnia Refinery
Canada's Suncor Energy (SU.TO), said on Thursday it had identified and isolated the source of a hydrocarbon spill observed during regular monitoring at its 85,000-barrel-per-day refinery in Sarnia, Ontario.Suncor Energy facility is seen in Sherwoo
Crude Oil
27-03-2025

Crude Oil Exports by Mexico’s Pemex Rise 33% in February From January
Crude oil exports by Mexican state energy company Pemex (PEMX.UL) grew 33% in February compared to January, recovering from a tumble the month before but still down 25% compared to February 2024.A view of the state oil company Pemex's Olmeca refin
Natural Gas
26-03-2025

Drilling Starts on Romanian Black Sea Offshore Gas Project That Challenges Russia
Drilling at Romania's Neptun Deep offshore gas project began in the Black Sea on Sunday, its owners said on Tuesday, putting one of the EU's largest gas deposits on track for production in 2027 that could help ease the shift from Russian g
LNG
25-03-2025

LNG Canada to Start Cooldown of Plant Next Week in Final Step Before First LNG
An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada's plant in Kitimat, British Columbia, considered the final step before the plant begins production of the superchilled gas.A 225,000-m3 storage tank, one of
Gas Pipeline
29-03-2025

BP Rakes in $1 Billion From Sale of Partial Stake in Pipeline Carrying Gas From Field off Azerbaijan
UK-headquartered energy giant BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its interest in Trans-Anatolian natural gas pipeline (TANAP), owner an

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