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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
12-01-2025
NDDC Seeks Stakeholders’ Cooperation to Develop N’Delta
The Niger Delta Development Commission (NDDC) has urged stakeholders to unite for the development of the oil-rich region. Its Executive Director of Finance and Administration, Boma Iyaye, appealed during a Stakeholders’ Interactive Forum on the
LNG
08-01-2025
Pantheon Resources Hails Funding Partnership for Alaska LNG
loil and gas company focused on developing the Ahpun and Kodiak onshore oil fields in Alaska - Notes Monday's announcement from the Alaska Gasoline Development Corp in relation to an exclusive framework agreement with an unnamed private company, t
Oil Field
08-01-2025
SK Innovation’s Oil Exploration Subsidiary Continues to Expand Southeast Asian Businesses
SK Earthon's crude oil production platform operates at the Lufeng 12-3 oil site in block 17/03 located in South China Sea.SK Earthon, an oil exploration subsidiary of SK Innovation, on Wednesday said that it has successfully discovered crude oil i
Nigeria
08-01-2025
Seplat to Revive 400 Idle Oil Wells, Set to Hit Over 120,000 BPD After Buying Mobil Assets
Nigeria’s Seplat Energy plans to revive 400 idle oil wells to meet its over 120,000 barrels per day crude production in the coming months, the company’s top management has said.This is coming as the Nigerian company that took over the
Crude Oil
08-01-2025
Sinopec’s Zhenhai Refinery Says Fire at Its Crude Unit Put Out
China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late on Tuesday had been put out, with no injuries reported.The plant's No.5 crude unit caught fire around 9.55 pm on Tuesday local time aft
United States
08-01-2025
Expand Energy Still on Track to Boost US Gas Output to 7 Bcfd in 2025, CEO Says
Expand Energy (EXE.O), opens new tab, the biggest U.S. natural gas producer, remains on track to boost output to around 7 billion cubic feet per day (bcfd) in 2025, CEO Nick Dell’Osso said at the Goldman Sachs Energy, CleanTech & Utilities C
Oil Price
08-01-2025
Oil Prices up on Tighter OPEC Supply, US Jobs Data
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in U.S. jobs openings pointed to expanding econ
Oil Refinery
08-01-2025
Exxon Signals Weaker Performance Across the Board to Hurt Q4 Profits
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024.Exxon Mobil (XOM.N), opens new tab signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth
Oil & Gas Trade
08-01-2025
Austria’s OMV Agrees to Supply Romanian Gas to Germany, Sources Say
The logo of Romanian integrated oil company OMV Petrom is pictured outside its headquarters in Bucharest, Romania, March 28, 2019.Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027,as E
Oil Pipeline
07-01-2025
Trans Adriatic Pipeline Selects Penspen for Hydrogen Repurposing Assessment
Under this new contract, Penspen’s UK-based engineering team will perform a comprehensive desktop and field assessment review of TAP’s above ground installations (AGIs), block valves (BVs) and compressor stations (CSs) to assess the fe
LNG
07-01-2025
Seaboard Marine Adds Third LNG-Powered Newbuild to the Fleet
With 247.9 meters in length and a capacity of 3,500 TEU and over 1,000 refrigerated container plugs, Seaboard Verde will serve ports across the Americas, including Moin, Costa Rica; Colon, Panama; Kingston, Jamaica; Santo Domingo, Dominican Republic; Phil
Crude Oil
07-01-2025
UK’s Serica Energy Restarts Production at Triton Vessel
UK's Serica Energy (SQZ.L), opens new tab said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed production on Dec. 27, with a phased restart of the producing and new wells ongoing.It said
Crude Oil
07-01-2025
OPEC Oil Production Falls as UAE Leads Supply Cuts
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply cutbacks aimed at stabilizing global oil markets.According to a Bloomberg survey, OPEC&rsq
Oil Price
11-01-2025
Canadian Oil Stocks Rise on Trudeau Resignation
Canadian oil and gas stocks climbed Monday on the news of Prime Minister Justin Trudeau’s resignation, but analysts say the country’s fossil fuel sector will still be challenged by uncertainty in the months to come.As news of the Prime
Oil Price
07-01-2025
Azerbaijani Oil Prices Increase
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta rose by $0.48 on January 6 compared to the previous rate, reaching $79.48 per barrel, Trend reports, citing a source in the country's oil and g
Oil Price
07-01-2025
Oil Prices Extend Losses, Firmer Dollar and Supply Outlook Weigh
Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022.Oil prices extended losses into a second straight session on Tuesday on technical correction after last
Oil & Gas Trade
07-01-2025
Slovakia Says Gas Supply Meeting with Ukraine, European Commission Cancelled
Slovak Prime Minister Robert Fico attends a meeting with Russian President Vladimir Putin in Moscow, Russia December 22, 2024.A meeting between Slovak, Ukrainian and European Commission officials over gas supplies planned for Tuesday has been cancelled be
Oil Pipeline
07-01-2025
Alberta Looks to Spur New Pipelines by Guaranteeing Barrels
Alberta’s government plans to directly dedicate barrels of oil for new pipeline projects in a bid to accelerate the expansion of production in the western Canadian province.To support the construction of new pipelines, the province may dedicate
Oil & Gas Trade
07-01-2025
US Gulf Coast Fuel Oil Imports Hit Record Low as Latam Deliveries Slow
A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from shi
Oil Price
07-01-2025
Oil Prices Ease as Weak Economic Data Offsets Higher US Winter Storm Heating Demand
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish support from a weaker U.S. dollar and forecas
Natural Gas
07-01-2025
Canada’s Suncor Says Oil and Gas Production Rose in Fourth Quarter
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019.Canadian oil and gas company Suncor (SU.TO), opens new tab said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary
LNG
07-01-2025
LNG Power Projects Face Multiple Hurdles
A LNG power facility in the central province of Nghệ AnHÀ NỘI — LNG power projects in Việt Nam are currently grappling with many obstacles, ranging from bureaucratic delays to issues with power purchase agreements (PPAs), leading to significant
Natural Gas
07-01-2025
US Natural Gas Prices Jump 9PC as Winter Storms Boost Heating Demand
US natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze. So far, those storms have knocked out power to more than
Oil Pipeline
07-01-2025
Phillips 66 Buys EPIC’s Permian NGI Midstream Assets for $2.2b
EPIC NGL is a fully integrated NGL system that connects gas processing plants in the Permian Basin and the Eagle Ford to EPIC’s fractionation complex in Robstown, Texas. It delivers purity products to refiners, petrochemical companies and export
Natural Gas
07-01-2025
Ukraine Is Increasing Gas Production for the Second Year in a Row.
According to industry experts, in 2024 Ukraine increased gas production by 2.2% – to 19.12 billion cubic meters. The production growth rate in 2024 was higher than in 2023 when production increased by 0.9%. In addition, this is the highest growt
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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
2
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
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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
