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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Field
17-02-2025
Brazil’s Largest Offshore Oil Platform Begins Operations in Pre-salt Region
Brazil’s Largest Offshore Oil Platform Begins Operations in Pre-Salt Region.Brazil's largest offshore oil production unit, the Almirante Tamandaré, commenced operations in the Búzios Field, situated in the Santos Ba
Oil&Gas Drilling
17-02-2025
BP Starts Production at Second Phase of Egypt’s Raven Field
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023.British energy giant, BP, announced on Sunday the start of production from the second development phase of the Raven field, offshore Egypt, which invol
Oil&Gas Drilling
17-02-2025
SBM Offshore’s Giant FPSO Switches Oil Production Mode on at Petrobras’ Deepwater Field
FPSO Almirante Tamandaré;Brazilian state-owned energy heavyweight Petrobras has confirmed the first oil from a new floating production, storage, and offloading (FPSO) unit, owned by the Netherlands-based SBM Offshore, as the vessel has begun op
Crude Oil
22-02-2025
SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025
This year, the Heydar Aliyev Oil Refinery is projected to produce 1.7 million tons of Euro-5 standard gasoline, according to the State Oil Company of Azerbaijan (SOCAR). In 2024, the refinery produced 1.4 million tons of automobile gasoline, with 0.6 mill
Gas Pipeline
17-02-2025
Welspun Corp Bags New Orders Worth Rs 3,000 Crore for Natural Gas Pipeline Projects in US
Welspun Corp has received orders in the US worth Rs 3000 crore.Welspun Corp on Monday announced that it has received orders in the US worth Rs 3000 crore for natural gas pipeline projects. In a regulatory filing, the company said, We are pleased to announ
Oil & Gas Trade
17-02-2025
Chevron Cranks up Venezuelan Oil Exports Amid Trump-Maduro Reset
Chevron Corp. plans to ratchet up oil exports from Venezuela to a seven-year high as a reset of the country’s relationship with the US eases concerns that trade restrictions will increase.Exports of synthetic oil from Chevron’s Petropi
Oil & Gas Trade
17-02-2025
Chevron Cranks up Venezuelan Oil Exports Amid Trump-Maduro Reset
Chevron Corp. plans to ratchet up oil exports from Venezuela to a seven-year high as a reset of the country’s relationship with the US eases concerns that trade restrictions will increase.Exports of synthetic oil from Chevron’s Petropi
Oil Refinery
17-02-2025
OPEC Forsees Lower Dangote Refinery Petrol Price
The Organisation of the Petroleum Exporting Countries has expressed optimism that the Dangote Petroleum Refinery can lower petrol prices in Nigeria.This is even as the refinery is asking the Federal Government to fully implement the naira-for-crude deal b
Oil Field
17-02-2025
CNOOC Limited Announces Buzios7 Project Commences Production
CNOOC Limited announces that Buzios7 Project has commenced production safely.Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with a water depth of 1,900 to 2,200 meters. It is the largest deep-water pre-salt oilfield in the w
Oil&Gas Drilling
14-02-2025
OPEC Reports Decline in Kazakhstan’s Oil Output for Jan. 2025
Kazakhstan’s crude oil production in January 2025 was estimated at 1.53 million barrels per day (mb/d), according to OPEC’s latest report, Trend reports.This marks a decrease of 73,000 b/d from December 2024, when output was recorded a
Crude Oil
14-02-2025
Nigerian Oil Firm Secures $200 Million for Domestic Gas Expansion
A Nigerian oil and gas company, NESGAS Limited, yesterday, said the signing of a $200 million contractor financing agreement with Cakasa Nigeria Limited for the construction of 50,000 metric tonnes of liquefied petroleum gas (LPG) storage facility in Onne
Oil & Gas Trade
14-02-2025
ADNOC Gas Signs 14-Year LNG Agreement With Indianoil for up to $9 Billion
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company
Oil & Gas Trade
14-02-2025
Trafigura Buying Oil From Brazilian Player’s Santos Basin Field
Brazil’s oil and gas company Brava Energia has signed a contract with global commodity trading group Trafigura for the sale of oil produced at the former’s field in the Santos Basin offshore Brazil.Under the contract, Trafigura will ge
LNG
14-02-2025
Evergreen Splashes Out $3 Billion on New LNG Dual-Fuel Containerships
Evergreen's Ever Acme.According to the company’s stock exchange files from February 12, eleven vessels with a capacity of 24,000 TEUs were ordered.Five containerships will be built by CSSC Guangzhou Shipyard International (GSI) in China
Natural Gas
16-02-2025
Colombian Energy Chief Criticizes Gas Companies for Price Hikes
Andres Camacho speaks during a press conference in Bogotá on May 24, 2024.Colombia’s top energy official is blaming natural gas distributors for the hike in prices faced by homes and businesses, saying the companies are opting for mor
Crude Oil
14-02-2025
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Storage tanks at the Port of Rotterdam in Rotterdam, Netherlands.Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company, people with knowledge of the matter said.The activi
Natural Gas
14-02-2025
Germany Wants EU to Relax Gas Storage Targets
Model of natural gas pipeline and EU flag, July 18, 2022.Germany wants the European Union to make its gas storage targets less rigid because of worries over their cost, the economic affairs and climate ministry said on Thursday.The targets, introduced in
Oil Price
14-02-2025
Oil Settles Flat, Pares Early Losses as Tariffs Delayed
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices settled flat on Thursday, paring early losses of more than 1% as U.S. tariff announcements were delayed until at least April, feedin
Oil&Gas Drilling
16-02-2025
Equatorial Guinea Launching New Oil & Gas Licensing Round After Six Years
Equatorial Guinea’s Ministry of Mines and Hydrocarbons is set to launch a new oil and gas licensing round to up the country’s offshore exploration and production ante.As stated by the African Energy Chamber (AEC), the promotion of new
Oil&Gas Drilling
13-02-2025
BP Books Singapore Firm for Another Gulf of America-Bound Floating Production Unit
Rendering of BP's Kaskida offshore platform in the Gulf of MexicoSingapore-headquartered provider of offshore, marine, and energy solutions Seatrium has secured a job ahead of a newbuild floating production unit (FPU), destined for a deepwater oil
Crude Oil
13-02-2025
EIA Confirms Turkmenistan’s Rising Oil Reserves
Turkmenistan continues to strengthen its position as a key energy producer, with proven oil reserves reaching 600 million barrels as of January 1, 2025, according to the latest data from the U.S. Energy Information Administration (EIA), Trend reports.The
LNG
16-02-2025
FSRU Gig at One of Germany’s LNG Terminals Cut Short Over Pricing Issues
FSRU Energos Power;Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has pulled the plug on a charter deal for one of two floating storage and regasification units (FSRUs) currently operating at the ‘
Oil&Gas Drilling
16-02-2025
26 Offshore Blocks up for Grabs in Trinidad and Tobago’s 2025 Deepwater Oil & Gas Bid Round
BP's Cassia platform offshore Trinidad and Tobago (for illustration purposes);With the need to ensure energy independence in mind, the government of Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and produ
Crude Oil
13-02-2025
Oil Giant Chevron Plans to Lay off 20% of Workers in Cost-Cutting Push
Chevron employed 46,500 people globally at the end of 2023, meaning the cuts could affect as many as 9,000 employeesChevron plans to cut its global workforce by 15 per cent to 20 per cent by next year, as part of efforts to reduce costs and raise profits.
Crude Oil
13-02-2025
Exxon Seeks Permit for Its Eighth Oil, Gas Project in Guyana as Output Rises
An Exxon gas station seen in Washington, U.S., November 26, 2024.A consortium led by Exxon Mobil (XOM.N), has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production, and to explore
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Most views from Oil & Gas
1
Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
2
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
3
Equinor starts drilling major gas development in Brazil
4
Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks