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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

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
Natural Gas
22-01-2025

Europe Gas Jumps as Germany Seeks to Subsidize Storage Refills
European natural gas jumped after Germany signaled it may subsidize the refilling of storage sites, spurring spot demand for the fuel and further driving a seasonal price spread.The plan, still under discussion, suggests Germany is willing to pay to ensur
Oil & Gas Trade
21-01-2025

ADNOC’s Logistics Arm Transfers Tankers to Navig8, Will Cut Some Staff After Takeover
General view of the ADNOC headquarters is seen in Abu Dhabi, United Arab Emirates, December 23, 2018.Abu Dhabi National Oil Company's logistics arm has transferred its tankers to Navig8 after it bought 80% of the firm for more than $1 billion and
Oil Field
21-01-2025

Iraq Declares Discovery of Huge Oil Field
The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil fieldMohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq&
Crude Oil
21-01-2025

Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under President Joe Biden.Trump vowed to bring prices down, fill our strategic reserves up again right to
Natural Gas
21-01-2025

Brightmark RNG Holdings Achieves Landmark First Gas Milestone at 10 Midwest RNG Projects
Brightmark RNG Holdings LLC announced that it has delivered first gas at 10 renewable natural gas (RNG) projects across the Midwest. Brightmark RNG Holdings LLC is a joint venture between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX
Oil Field
21-01-2025

New Oil Well Bolsters Libya’s Production Capacity
Libya’s AGOCO Expands Output with New Sarir WellThe Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has successfully activated a new oil well in the Sarir field on 17 January.The well, designated L09
Oil&Gas Drilling
29-01-2025

UK Firm Secures Its Largest Ever Deal for Petrobras Field
Lee Robins, Business Unit Director for Instrumentation, Tracerco.UK-based Tracerco has secured multi-million-pound worth of contracts in Brazil, including the largest project the company has ever undertaken.According to Tracerco, the deal, secured with Te
Natural Gas
21-01-2025

BP Flips Gas Production Switch Back on at Giant Platform off Azerbaijan
Shah Deniz Alpha platform;UK-headquartered energy giant BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.BP temporarily susp
LNG
21-01-2025

Samsung Heavy Industries Secures $261.5 Million LNG Carrier Order
Samsung Heavy Industries marked the beginning of 2025 with its first order of the year for a liquefied natural gas (LNG) carrier.On Monday, the company announced that it had secured an order for an LNG carrier from an Oceania-based shipping company, value
Crude Oil
20-01-2025

Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels per day.The Board of Directors of the National Oil Corporation commended the competitive spiri
Natural Gas
20-01-2025

AMGA Partners CNCEC to Drive $20BN Ogidigben Gas Project in Delta State
ln a significant step toward advancing Nigeria’s industrialisation ambitions, Alpha Grip Management Company (AGMC), a subsidiary of UAE-based Alpha Group, has partnered with China National Chemical Engineering International Corporation Ltd. (CNC
Oil & Gas Trade
20-01-2025

China’s Crude Oil Imports From Top Supplier Russia Reach New High in 2024
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins
Natural Gas
20-01-2025

CNOOC Brings Dongfang 29-1 Gas Field Project Online
Dongfang 29-1 Gas Field Development Project.CNOOC Limited and 80883 have announced that the Dongfang 29-1 Gas Field Development Project has commenced production.Located in the Yinggehai Basin, the gas field project has an average water depth of approximat
Oil & Gas Supply
20-01-2025

Algeria: Hydrocarbons - Engine Oil Imports Decline Thanks to Rise in Local Production
Algeria's imports of engine oil have significantly dropped in the past few years thanks to the quality of local production which recorded a substantial increase, because of the investment of several private operators in this fields, the head of th
Natural Gas
29-01-2025

Over 12 Mln in Kazakhstan to Gain Access to Natural Gas in 2025
Above 1,700 km of gas pipelines were built last year to provide more than 300,000 Kazakhstanis with access to piped gas, Kazinform News Agency cites the Energy Ministry’s press service.Gasification of rural settlements will improve people&rs
Crude Oil
20-01-2025

Helmerich & Payne Completes Acquisition of KCA Deutag
Helmerich & Payne, Inc. (H&P or the Company) today announced that it has completed its acquisition of KCA Deutag International Limited (KCA Deutag), establishing a global leader in onshore drilling.President and CEO of H&P, John Lindsay, comme
Oil Price
20-01-2025

Petrol Ex-depot Price Hike: Dangote Refinery Absorbs Logistics Costs for Nationwide Uniform Pricing
Dangote Refinery has announced a five per cent increase in the ex-depot price of petrol from N899.50 to N950 per litre due to a significant rise in global crude oil prices, which surged from $70 to $82 per barrel. This adjustment is lower than the 15 per
Oil&Gas Drilling
20-01-2025

Libya Needs $3-4 Billion to Boost Oil Production, Bidding Round Expected Soon, Oil Minister Says
Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in Tripoli, Libya January 18, 2025.Libya needs between $3 billion and $4 billion to reach

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