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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
08-02-2025

Chevron Takes the Operator Helm at Two Blocks in Namibian Waters
Chevron Namibia Exploration Limited (CNEL), an affiliate of the U.S.-headquartered energy giant Chevron, has strengthened its presence in Namibia’s offshore oil and gas plays by getting its hands on a new license, which enables it to assume the
Crude Oil
08-02-2025

Chevron Accelerates Kazakh Oilfield Ramp-Up, Sources Say
Chevron logo is seen in this illustration taken, October 23, 2023.Chevron (CVX.N), is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told, raising its output to around 1% of global crude supply.Chevr
Crude Oil
08-02-2025

Venezuela’s PDVSA Resumes Light Crude Imports as Output Dwindles
Drilling rigs are seen at an oil well operated by Venezuela's state oil company PDVSA, at the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015.Venezuela's state oil company PDVSA has resumed regular imports of li
Oil&Gas Drilling
08-02-2025

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time
Natural Gas
07-02-2025

Sarawak Gas Deal Has Limited Impact on Petronas Earnings, Analyst Says
The logo of Malaysian energy group National Petroleum Limited, commonly known as PETRONAS, is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.A deal between Malaysia's state ener
Oil&Gas Drilling
07-02-2025

Falcon Oil & Gas Completes Stimulation of Shenandoah Well
Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO) shares soared nearly 20% higher in Friday’s early deals, after it completed the stimulation of its Shenandoah SS-2H ST1 well in the Beetaloo, in Australia’s Northern Territory.It was a 35-st
Oil Refinery
07-02-2025

China Oil Teapots Cut Run Rates to Pandemic Levels
Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as U.S. sanctions on Russia cut a key source of crude supply.Private oil processors in China have slashed their operating rates to lev
Oil Field
07-02-2025

Production Begins in Mega Metamorphic Rock Oilfield in China’s Bohai Sea
The first phase of Bozhong 26-6 oilfield, by far the largest metamorphic rock oilfield in the world, commenced production on Friday.The development project of the Bozhong 26-6 oilfield is divided into two phases. Phase one encompasses a central processing
Oil Price
07-02-2025

Oil Set for Third Straight Weekly Decline Amid Tariff Concerns
A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025.Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed
Oil Shale
07-02-2025

Ecopetrol Pressured to Sell U.S. Shale Venture by Colombia’s Leader
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to nature and humanity.Shares of th
Oil Field
09-02-2025

Totalenergies Begins Drilling First of Two Planned Oil Prospects Offshore Namibia
Deepsea Mira rigAfter discovering more black gold resources in Namibia’s Orange Basin, France’s energy giant TotalEnergies has moved to the next well on its drilling agenda in the African country. These drilling operations are being ca
Crude Oil
07-02-2025

US Permian Oil Output Growth to Slow in 2025 Despite Trump’s Plan, Executives Say
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25
Oil Pipeline
07-02-2025

Trans Mountain Says Projects Could Expand Pipeline Capacity by 300,000 Bpd
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024.Canadian pipeline operator Trans Mo
Crude Oil
06-02-2025

Singapore Distillates Stocks Surge 13% Despite Higher Net Exports
Wedoany.com Report-Feb 6, Singapore's middle distillates stocks rose 13% from last week despite higher net exports, official data showed on Thursday, amid falling 10ppm sulphur gasoil February derivatives prices since earlier in the week.Inventori
Gas Turbine
06-02-2025

Rolls-Royce, Triveni Engineering to Explore Marine Gas Turbine Ventures
India is a key strategic growth market for Rolls Royce.Triveni Engineering & Industries Ltd on Thursday said it has signed an initial pact with Rolls-Royce Marine North America Inc to explore opportunities in 4MW marine gas turbine generators.In a reg
LNG
06-02-2025

Canada’s Alberta Eyes Japan for New LNG Deals Amid US Tariff Threat, Minister Says
Alberta's Minister of Environment and Protected Areas Rebecca Schulz poses for a photo during an interview in Tokyo, Japan February 5, 2025.Canada's Alberta province, a major gas producer, needs to find new export markets in face of a U.S.
Oil Price
06-02-2025

Oil Little Changed as Trump Policies Continue to Weigh on Prices
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices edged up in Asian trading on Thursday after Saudi Arabia's state oil company sharply raised March oil prices, but the increa
Natural Gas
06-02-2025

Kyrgyzstan Sees Upturn in Natural Gas Production
Kyrgyzstan's production of natural gas amounted to 28.2 million cubic meters in 2024, which is a 2.9 percent increase compared to 2023 (7.4 million cubic meters), Trend reports.According to the State Statistical Committee of Kyrgyzstan, in Decembe
LNG
06-02-2025

Economou’s TMS Group to Splash up to $1.4B on LNG Dual-Fuel Containership Fleet
Greek shipping magnate George Economou-led TMS Group has ordered up to ten 11,400 TEU environmentally friendly containerships in China.The order encompasses six firm Neo-Panamax boxships and four options, Greek shipbroker Intermodal revealed.As informed,
Oil Field
06-02-2025

McDermott Completes East Malaysia Deepwater Project Ahead of Schedule
U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshore East Malaysia ahead of schedule. The contract, awarded by PTTEP Sabah Oil (PTTEP) in early 20
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

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