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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
06-02-2025

Totalenergies CEO Doubles Down on US LNG, Downplays Trump Tariff Fears
TotalEnergies CEO Patrick Pouyanne speaks at the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024.TotalEnergies (TTEF.PA), will expand its investment in U.S. liquefied natural gas over the next decade as the Frenc
Crude Oil
06-02-2025

Suncor’s Fourth-Quarter Profit Beats on Higher Oil Output, Fuel Sale Volumes
The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019.Canada's Suncor Energy (SU.TO), opens new tab beat analysts' estimates for fourth-quarter profit on Wednesday, as the integrated oil and gas fi
LNG
06-02-2025

Total CEO Says Company Rejected Venture Global as LNG Supplier Over Lack of Trust
TotalEnergies Chief of the Board and Chief Executive Officer Patrick Pouyanne attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025.TotalEnergies (TTEF.PA), rejected opportunities to become a long-term customer
Oil&Gas Drilling
05-02-2025

SLB Onesubsea to Deliver Subsea Production Systems for vår Energi, Offshore Norway
SLB has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the t
Oil Field
05-02-2025

Shell Starts Production From Penguins FPSO in UK North Sea
Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, operator; NEO Energy 50%). The previous export route for this field was via the Brent Charlie p
Gas Pipeline
05-02-2025

WAPCo Set to Begin Major Inspection and Maintenance Project on Its Offshore Pipeline
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP) is scheduled to undertake major pipeline maintenance activities from February 5 to March 2, 2025.These activities include the pigging and the
Oil Price
05-02-2025

Fuel Oil Rally Expected to Stall as Market Shakes off US-Iran Policy
A boat passes in front of an oil refinery located on Singapore's Jurong Island March 28, 2009.Fuel oil margins climbed after U.S. President Donald Trump reimposed a tougher policy on Iran, though trade sources expect a short-lived rally amid uncle
LNG
05-02-2025

Hapag-Lloyd Unveils $4B Green Financing for 24 LNG Dual-Fuel Boxships
German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards.As explained, the green financing comprises f
Oil&Gas Drilling
05-02-2025

Velesto Going after Three Ds – Digitalization, Decarbonization, and Diversification for Enhanced Drilling and Oil & Gas Era
With the world caught in a vicious circle of geopolitical tensions, high-stakes tariff games, emerging trade wars, climate change woes, and the need to tackle the energy security, sustainability, and affordability trilemma, technological advancement, supp
Oil Price
05-02-2025

Oil Mixed as Trump Restores Pressure on Iran, Tariff Drama Caps Prices
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024.Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored h
Oil & Gas Trade
05-02-2025

Encino’s Owner Mulls $7 Billion Sale, IPO of Energy Producer
Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019.Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S. oil and nat
Natural Gas
04-02-2025

Tajikistan Sees Uptick in Natural Gas Imports From Uzbekistan
Tajikistan has imported 267 million cubic meters of natural gas from Uzbekistan in 2024, which is an increase of 47.1 million cubic meters or 21.4 percent compared to 2023.According to the Ministry of Energy and Water Resources of Tajikistan, during the m
Oil Field
04-02-2025

Equinor’s Massive Johan Sverdrup Oilfield Hit by Power Outage
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020.Equinor's (EQNR.OL), Johan Sverdrup oilfield in the North Sea has suffered a power outage that is estimated to last for some 8 hours, a regulatory statement posted on the Nord
LNG
04-02-2025

Japan’s Mitsui Could Study Alaska LNG Project, but No Decision Yet
A man walks past the logo of Japanese trading company Mitsui & Co. in Tokyo, Japan, January 10, 2018.Japanese trading house Mitsui (8031.T), could consider studying a project to liquefy natural gas in the U.S. state of Alaska, but no decisions have be
Crude Oil
04-02-2025

OPEC Monthly Output Down Following Fire at Iraqi Oil Field
OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.OPEC’s oil production edged lower last month following a fire at Iraq’s biggest oil field.The Organization of Petrol
LNG
04-02-2025

Watch: Nigeria’s Gas ‘Revolution’ Pressing Forward With Inauguration of 5 Mini LNG Plants
Groundbreaking ceremonyThe Nigerian National Petroleum Corporation (NNPC) and its partners have held a groundbreaking ceremony for five mini-liquefied natural gas (LNG) plants in Ajaokuta, Nigeria’s Kogi State.The construction of plants with a c
Crude Oil
04-02-2025

Ecopetrol, OXY to Drill 34 Wells in Permian Under Development Plan Extension
Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019.This agreement,
Oil and Gas Equipment
04-02-2025

NEITI: Nigeria Needs $20 Billion Annually to Boost Gas Infrastructure
The Nigeria Extractive Industries Transparency Initiative (NEITI), said yesterday that Nigeria would need to inject $20 billion annually into its gas infrastructure to maximise the production of the natural resources as the ninth highest gas producer in t
Crude Oil
04-02-2025

CNRI, VAALCO Complete Production Phase From Baobab FPSO, West Africa
VAALCO Energy announced a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (FPSO) Dry Dock Refurbishment Project.In alignment with the project timeline, the FPSO Baobab Ivoirien MV10, operate
LNG
04-02-2025

Baker Hughes’ Solution Selected for Pelican State’s New LNG Plant
Rendering of the future Argent LNG terminal;Argent LNG, a U.S.-based energy company dedicated to developing liquefied natural gas (LNG) export solutions, has picked energy company Baker Hughes to supply the liquefaction solution and related services for i
Wind Power Project
04-02-2025

Dutch Terminal’s Open Season Checking the Pulse of LNG Import Demand After 2027
The Netherlands-based EemsEnergy Terminal, a subsidiary of Royal Vopak, a Dutch tank storage company, and Gasunie, a compatriot energy network operator, has taken steps to determine whether it should remain in business after 2027 or close its doors by lau
OPEC
04-02-2025

OPEC+ Sticks to Oil Output Plan After Trump’s Price Demand
An OPEC+ panel on Monday reaffirmed the oil cartel’s plan to gradually hike output starting from April, after US President Donald Trump called for lower prices.In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC
Oil & Gas Trade
04-02-2025

Petrobras’ Total Q4 Production Falls 10.5%, Sales and Exports Also Down
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019.Brazilian state-run oil giant Petrobras (PETR4.SA), reported on Monday a 10.5% decrease in its total fourth-quarter oil and
Crude Oil
04-02-2025

WTI Oil Prices Down as Trump Agrees to Pause Tariffs on Mexico, Canada
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024U.S. West Texas Intermediate (WTI) crude prices were down by 1.1%, or 0.80 cents, to $72.36 at 2323 GMT after U.S. President Donald Trump agreed
Crude Oil
24-01-2025

Uzbekistan Notes Decrease in Oil Production in 2024
Uzbekistan’s oil production volume amounted to 713,400 tons in 2024.Data obtained from the country's Statistics Agency reveals that this figure decreased by 9.2 percent compared to the same period last year (779,700 tons in 2023).At the

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Turkmenistan Expands Oil Production at Uzynada Field

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Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Gastech 2023 - Shaping the future of energy

UK Eases North Sea Oil and Gas Licensing for Existing Fields