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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
24-01-2025

Duo Exploring Avenues for Australian LNG Project’s Expansion to Enrich Gas Market
Australia’s energy giant Santos has joined forces with Tamboran Resources Corporation to look into a potential enlargement of a liquefied natural gas (LNG) project in Darwin, with the idea of supplying more gas to the country’s domesti
LNG
04-02-2025

US Firm Scores 20-Year Gas Supply Gig in Puerto Rico
NFE's LNG terminal in Puerto Rico is adjacent to the power plant, which will initially operate on LNG but have the capacity to operate on hydrogen in the future;U.S. energy infrastructure player New Fortress Energy (NFE) has gotten a hold of a mul
Crude Oil
24-01-2025

Canada’s Stalled $12-Billion Oil Project Takes Step Forward With New FPSO Awards
Illustration of FPSO for Bay du Nord oil projectNorwegian state-owned energy giant Equinor has started the ball rolling to develop its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador by awarding preliminary front-end engin
LNG
24-01-2025

Venture Global LNG Raises $1.75 Bln After Pricing US IPO
Model of LNG tanker is seen in this illustration taken May 19, 2022.Venture Global LNG (VG.N), opens new tab has raised $1.75 billion after pricing its U.S. initial public offering within range, the second-largest exporter of liquefied natural gas in the
Crude Oil
23-01-2025

Algeria Strikes Deal with Chevron to Assess Offshore Oil
Algeria signed an agreement with US energy giant Chevron on Wednesday aimed at assessing potential offshore oil resources in the Mediterranean, according to the country’s energy ministry.The partnership was struck between the national hydrocarbo
LNG
23-01-2025

HD KSOE Bags $2.6B Contract for 12 LNG Ships From Europe
HD Korea Shipbuilding & Offshore Engineering's liquefied natural gas container shipHD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Thursday it has secured a 3.72 trillion won ($2.59 billion) order to build 12 liquefied natural
RNG
04-02-2025

Tidewater Renewables Sells Its Interest in Rimrock RNG Partnership
Tidewater Renewables Ltd. is pleased to announce the successful closing of the sale of its interest, held through a wholly-owned subsidiary, in the Rimrock Renewables Limited Partnership (RNG partnership) to Biocirc Canada Holdings Inc., an affiliate of B
Oil Field
23-01-2025

OGDCL Boosts Oil Production at Kunnar Oil Field in Sindh
The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, announced a production enhancement at its Kunnar Oil Field in the Hyderabad district of Sindh.The listed company, in its notice to the Pa
Crude Oil
23-01-2025

Ecuador Eyes $42 Bln in Oil Sector Investments Through 2029
An infrastructure of Ecuador's state-run oil company Petroecuador is pictured outside of Nueva Loja, Ecuador May 3, 2022.Ecuador expects foreign oil companies to invest around $42 billion in the sector over the next five years, acting Energy Minis
Natural Gas
23-01-2025

Europe Summer Gas Premium Surges as Germany Eyes Storage Subsidy
European natural gas for delivery this summer has become even more expensive than prices for next winter after Germany’s market manager said it’s discussing subsidies for refilling storage sites.While benchmark futures retreated on Wed
LNG
23-01-2025

Croatia’s LNG Terminal One Step Closer to Capacity Expansion
FSRU LNG Croatia;The process of increasing the capacity of the liquefied natural gas (LNG) terminal on the island of Krk, Croatia, has entered a new stage with the completion of the inspection of a regasification module at Nantong CIMC Sinopacific Offshor
Crude Oil
03-02-2025

MODEC’s FPSO Staying Five More Years With Petrobras Offshore Brazil
FPSO Cidade de Angra dos Reis;Brazil’s state-owned oil and gas giant Petrobras has prolonged the assignment of a floating production, storage, and offloading (FPSO) vessel in the Santos Basin off the coast of Brazil.Japan’s MODEC conve
LNG
23-01-2025

New LNG Carrier Deal Marks 21st Vessel Entry in Danish Shipowner’s Orderbook
Celsius Geneva (for illustration purposes);Danish shipping player Celsius has expanded its liquefied natural gas (LNG) vessel orderbook with a new addition, thanks to a deal with Japan’s JERA, a joint venture of TEPCO Fuel & Power Incorporat
Oil & Gas Trade
23-01-2025

YPF and Indian Trio Shake Hands on Lng Export From Argentina’s Future Plant
Rendering of the proposed Argentina LNG liquefaction plant;Argentina’s oil and gas firm YPF has signed a memorandum of understanding (MOU) with three Indian companies, India’s Oil and Natural Gas Corporation (ONGC), Gas Authority of In
Oil Refinery
23-01-2025

Lyondell to Begin Closure of Houston Refinery This Weekend, Sources Say
A general view of the Lyondell-Basell refinery in Houston, Texas February 1, 2015.LyondellBasell Industries (LYB.N), opens new tab will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar wi
Oil Refinery
02-02-2025

Kazakhstan Considers New Oil Refinery by 2030 to Process 10 Million Tons
The Kazakh Energy Ministry stressed the need to build a new oil refinery by 2030 to process at least 10 million tons of oil annually, Kazinform reported on Jan. 21.Energy Minister Almasadam Satkaliyev spoke about this last November, stating that design wo
Crude Oil
22-01-2025

China’s Crude Oil Imports May Grow 1% in 2025, CNPC Says
A 3D printed natural gas pipeline is placed in front of displayed CNPC (China National Petroleum Corporation) logo in this illustration taken February 8, 2022.China's crude oil imports will likely rise only 1% this year, and the country's
Crude Oil
02-02-2025

Aker Solutions Wins Work on vår Energi’s Assets off Norway
Vår Energi's Ringhorne platform.Norway-based energy services provider Aker Solutions has signed a strategic partnership agreement with compatriot oil and gas player Vår Energi to deliver maintenance and modification services on
Oil Price
22-01-2025

Oil Prices Hold as Trump Declares Energy Emergency
Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and its impact on supply.Brent crude futures rose 9 cents to $79.38 per barrel at 04
Oil Price
22-01-2025

Azerbaijani Oil Prices Take Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.53 on January 21 compared to the previous rate, landing at $82.42 per barrel, Trend reports, citing a source in the country's o
Oil Refinery
22-01-2025

Sri Lanka, China Agree to Fast-Track Sinopec’s $3.7 Billion Refinery in Hambantota
Sri Lankan President Anura Kumara Dissanayake with Chinese President Xi JinpingSri Lanka's foreign minister said on Wednesday that the island nation has signed an agreement with China to fast-track Sinopec's proposed $3.7 billion refinery
Crude Oil
22-01-2025

Extreme Cold Disrupts North Dakota Oil and Natural Gas Production
The extreme North Dakota cold is known to disrupt several industries, including the production of oil and natural gas.As of Tuesday morning, oil production is estimated to be down 130,000 to 160,000 barrels per day, around 12% of the region’s da
Natural Gas
22-01-2025

BP’s Biggest Project Achieves ‘Key Milestone’ as FLNG Gets First Gas
FLNG Gimi works on BP's Greater Tortue Ahmeyim (GTA) project;With floating liquefied natural gas (FLNG) commissioning activities in full swing, BP, the UK-headquartered energy giant, has achieved another first at a gas development off the coasts o
LNG
22-01-2025

LNG Companies Hail Trump Decision to Lift Freeze on Export Permits
Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.Trump&
Crude Oil
22-01-2025

Two Contractors Dead in Germany After Gas Cylinder Explosion at Bosch Site
Two contractors died after a gas cylinder exploded on the premises of Bosch, the world's largest car parts supplier, German police and the company said on Tuesday.Police in the southwestern German city of Reutlingen said a gas cylinder had started

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