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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil&Gas Drilling
13-01-2025
Prosafe Signs $109 Million Contract Extension With Petrobras for Offshore Brazil Work
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.The original 650-day firm period was due to comp
Natural Gas
10-01-2025
Norway Reports Record Natural Gas Exports From NCS in 2024
Gas production hit 124 billion standard cubic metres in 2024, surpassing 2022’s total of 122.8 billion.Norway achieved a record level of natural gas exports from the NCS in 2024, with industry projections indicating that these figures will remai
Crude Oil
10-01-2025
BP Projects 44 per Cent Jump in Oil Output From India’s Largest Field
Global energy major BP (BP.L) has pledged to lift oil production by 44 per cent and gas output by 89 per cent from India’s largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp (ONGC
Crude Oil
10-01-2025
SLB Awarded Multi-Region Deepwater Contracts by Shell to Support Capital-Efficient Energy Development
Global energy technology company SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico an
Oil & Gas Trade
10-01-2025
Asia’s EV Boom Sours Appetite for Nigeria’s Oil
The growing adoption of electric vehicles (EVs) and liquefied natural gas (LNG) as preferred energy sources in Asia has continued to weaken Nigeria’s crude oil export earnings from the region, its largest market, for two straight years.The notic
Gas Turbine
10-01-2025
China’s Guangming Plant Starts Commercial Operation, Powered by GE Vernova’s H-Class Equipment
Shenzhen, Guangdong Province, China (January 9, 2025) - GE Vernova Inc. (NYSE:GEV) and Harbin Electric today announced that Chinese state-owned power utility Shenzhen Energy Group Corporation Co., Ltd.‘s Guangming power plant has achieved the st
Oil & Gas Trade
10-01-2025
Angola’s Faster February Oil Sales Signal Better Demand in Asia
The pace of sales for February-loading Angolan oil is faster than the last couple of months, with only 20-30% of next month’s supplies still seeking buyers.Only five-to-eight cargoes of Angolan crude for next month are still for sale out of 29 s
Oil & Gas Supply
10-01-2025
Bangladesh Announces Days of Countrywide Gas Supply Halt Again
State-owned Petrobangla (Bangladesh Oil, Gas and Mineral Corporation) has announced a countrywide disruption in natural gas supplies to its customers for three days as of Jan. 10.Petrobangla made the announcement in a press release on Thursday, saying one
Crude Oil
10-01-2025
Looking for More Oil at Kuparuk River
Development at West Sak, the heavy oil accumulation at the Kuparuk field on Alaska's North Slope, is in the news a lot these days, but Kuparuk operator ConocoPhillips Alaska is also doing some innovative work to find oil targets at the field&#
Oil & Gas Supply
10-01-2025
Australia’s Most Populous States Face Gas Shortfalls From 2027
Australia’s east coast is expected to have a shortfall of domestic gas supply from 2027 unless new gas fields are soon brought online, according to the nation’s top consumer watchdog.Sydney and Melbourne, the capitals of the most popul
Crude Oil
10-01-2025
Dangote Refinery Builds Eight More Tanks for Imported Crude
The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.A report by Africa Report has it that the refinery is ramping up its storage capacity by 6.29 million barrels, equivalent to 1 billion lit
Gas Pipeline
10-01-2025
Los Angeles-Area Wildfires Could Impact Gas Line to Southern Nevada
Clark County said that the fuel line service to Southern Nevada could be impacted by Los Angeles-area wildfires.As a result of the fires in California, Clark County Emergency Management is aware of potential impacts to the fuel line servicing Southern Nev
Gas Pipeline
10-01-2025
LA Power Outages Cause Gas Pipeline to Las Vegas to Be Shut Down
A fuel pipeline that connects the Las Vegas market to a major oil refinery in Southern California has been closed since just before noon Wednesday and remains shut down because of power outages related to fires in Los Angeles.The shutdown involves Kinder
Oil&Gas Drilling
09-01-2025
Pioneer Energy Secures $27M From US DOE for Emission Reduction Projects
Pioneer Energy announced its selection by the US Department of Energy (DOE) for four grants collectively valued at $27m. Three of these awards aim to develop the company’s Emission Control Treater (ECT), an innovative near-zero emissions technol
Crude Oil
09-01-2025
BP Partnership to Boost ONGC Revenue by $10.3 Billion Over 10 Years
ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields.State-owned Oil and Natural Gas Corporation (ONGC) expects a $10.3 billion revenue boost from increased oil and gas product
LNG
09-01-2025
India’s Latest LNG Import Terminal Receives Its First Shipment
India’s newest liquefied natural gas terminal has received its first shipment, taking the country a step closer to its goal of doubling the proportion of the fuel in its energy mix by the end of the decade.Commissioning activities are underway a
Oil Price
09-01-2025
Price of Azerbaijani Oil Takes Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by 91 cents on January 8 compared to the previous rate, landing on $78.72 per barrel, Trend reports, citing a source in the country's
Oil & Gas Trade
09-01-2025
Fuel Oil Leaks From Stranded Tanker Near Hokkaido Beach
The Sanwa Maru remains stranded on a reef about 20 meters from shore in Hakodate, Hokkaido, on Jan. 8.Fuel oil has leaked from a 3,919-ton tanker that ran aground here on Jan. 6, but its cargo of 3,800 kiloliters of diesel fuel and kerosene did not spill
Oil Price
09-01-2025
Oil Prices Edge Down for Second Day Straight on Rising US Fuel Inventories
Oil prices declined for a second day on Thursday after large builds in fuel inventories in the US, the world's biggest oil user, though expectations for increasing winter fuel demand and concerns over tighter supply limited the drop.Brent crude fu
Oil Pipeline
08-01-2025
Turkstream Carries Over 104 Bln Cubic Meters of Gas in 5 Years
Over the course of five years, the TurkStream Natural Gas Pipeline transported a total of 104.1 billion cubic meters of gas, delivering Russian natural gas reserves to Türkiye and onward to Europe.Haberin DevamıBetween Jan. 1, 2020, and Dec. 31,
Oil & Gas Supply
08-01-2025
Shell Flags Lower Gas Volumes, Weaker Trading to End 2024
Shell Plc said it saw lower volumes of natural gas and weaker earnings from trading the fuel in the final three months of 2024.The warning on Shell’s crucial natural gas division, in a fourth-quarter trading update published on Wednesday, was ac
Oil&Gas Drilling
08-01-2025
Carigali Hess Enlisting Tanjung Offshore’s Maintenance Services
Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a service contract with Carigali Hess Operating Company, a joint venture between Petronas’ affiliate PC JDA and Hess Oil Company of Thailand.Tanjung Offshore&
LNG
08-01-2025
Philippines Encourages LNG Importers to Aggregate Buying
The Philippines is encouraging importers of liquefied natural gas (LNG) to voluntarily aggregate purchases of the super-chilled fuel in efforts to lower prices and improve market efficiencies, government officials said on Wednesday."If there is a vol
Natural Gas
08-01-2025
India’s ONGC Engages BP to Boost Production in Largest Oil Field
A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad, India, September 30, 2016.India's top explorer Oil And Natural Gas Corp (ONGC.NS), opens new tab on Wednesday said energy major BP (
Oil Price
08-01-2025
Azerbaijani Oil Approaches $80 Per Barrel
The price of a barrel of Azeri Light crude rose by $0.15, or 0.19%, settling at $79.63.Azeri Light crude oil reached its lowest level on April 21, 2020, at $15.81 per barrel, while its highest price was recorded in July 2008, at $149.66 per barrel.
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Most views from Oil & Gas
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
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Baker Hughes to Supply Tech for Offshore LNG Project in Texas
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Equinor starts drilling major gas development in Brazil
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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
