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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Exploration
10-12-2024

Bangladesh Gears up to Restart Offshore Oil, Gas Exploration With Fresh Bidding Process
The last time gas was discorvered in the sea was 11 years ago and the only things that have happened since are discussions and speculations.However, momentum is now building to resume exploration efforts, raising the question of whether this new initiativ
Oil & Gas Technology
10-12-2024

Iran Offers Cooperation With Gas Exporting Countries in Oil and Gas Technologies
Azim Kalantari-Asl, speaking during a visit by GECF ministerial delegates to the research facility, outlined key areas for collaboration, including gas reservoir exploration, enhanced recovery technologies, gas storage systems, and CO? capture and utiliza
Oil&Gas Drilling
10-12-2024

Drillship for East Sea Gas Exploration Project Arrives in Busan
A drillship tasked with initiating the drilling operation for a major gas and oil exploration project in the East Sea arrived Monday at an offshore anchorage near the southeastern port city of Busan, the industry ministry said.The arrival comes amid growi
LNG
10-12-2024

Pakistan Opts for Azerbaijani LNG Over Deferred Qatari Shipments
Pakistan LNG Ltd (PLL) held an emergency board meeting on Sunday to review the gas demand and supply situation and will meet again on Monday to finalize the offer price from Azerbaijan, according to Petroleum Division sources cited by Express Tribune.Publ
Crude Oil
10-12-2024

Oando Raises Oil Production Output by 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months.It said the achievement followed the acquisition of Nigerian Agip Oil Company from Eni, earlier this year.The Managing Director of Oando Energy Resources
LNG
10-12-2024

Qatar to Double LNG Output to 160MN Tpy in a ‘Responsible Way’, Says Al-Kaabi
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi at the ‘Newsmaker interview’ at the Doha Forum 2024 Saturday. PICTURE: ThajudeenQatar will be doubling its LNG production in a few years to almost 160mn tonnes per
Crude Oil
10-12-2024

Crude Oil Recovered After Train Collision in Sancti Spíritus
Cuba-Petroleum Union (CUPET) announced this Sunday that its teams are working intensively to recover the oil spilled following the train accident that occurred in the Guayos area, in the province of Sancti Spíritus.In a brief message on the soc
Natural Gas
10-12-2024

Iran’s Annual Gas Production Reaches 275 Bcm: Oil Minister
Iran’s annual natural gas production has reached 275 billion cubic meters despite the United States’ unilateral and cruel sanctions, said Oil Minister Mohsen Paknejad on Sunday.Speaking at the opening ceremony of the 26th Ministerial M
Oil Field
10-12-2024

Oil Producers Finalise $1.2b Acquisition as Norwegian Firm Exits Nigeria
Nigeria’s independent oil producer, Chappal Energies, has finalised the $1.2 billion acquisition of Norwegian oil giant, Equinor Nigeria Energy Company (ENEC).The development, which marks the exit of the organisation from Nigeria, would see Chap
Gas Pipeline
09-12-2024

Energy Transfer to Build Nearly $3 Billion New Gas Pipeline in the Permian Basin
Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstream in a $7.2 billion deal three years ago is expanding its operations in a nearly $3 billion deal.The Dallas based firm announced it reached a positive final investment decisi
Oil Price
09-12-2024

Global Oil Prices Drop to $71 as 4th Largest Production Company Cuts Prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s oil giant, Aramco, cut prices for its Asian customers.Aramco’s reductions for Asian buyers are deeper than
Natural Gas
09-12-2024

Russia’s Pipe-Gas Flows to China at New Daily Record
Gazprom said it set a new record for daily pipeline gas supplies to China on Saturday.Daily flows via the Power of Siberia gas link exceeded Russia’s maximum contractual obligations, Gazprom said in a statement, without providing a figure.On Dec
Russian
09-12-2024

The Head of Rosneft Expects an Increase in Oil Consumption to 20 Million Barrels per Day by 2050
Global oil consumption may grow to 20 million barrels per day by 2050, Rosneft Chief Executive Officer Igor Sechin said during his report at the XVII Verona Eurasian Economic Forum, the company said in a statement.According to him, long-term forecasts of
Oil Price
09-12-2024

UAE to Gain From OPEC+ Decision on Oil Output
The UAE is expected to gain significantly from last week’s Opec+ decision, as the country’s 2025 target level is about 8% higher than its target level for the end of 2024, analysts say.The country has received a higher required product
Iran
09-12-2024

Iran Increasing Oil Output Regardless of US Political Future
Mohsan Paknejad made the remarks on Sunday on the sidelines of the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Tehran, where he told reporters that GECF members arrived in Tehran on Friday, and expert-level meetings took place
Crude Oil
06-12-2024

Kent To Deliver Epcm Services For BP’s Global Assets Over Three Years
肯特已与能源巨头英国石油公司签订了为期三年的全球工程、采购和施工管理 (EPCm) 框架合同。该协议包括另外两个为期两年的延期选择权，确立了肯特作为 bp 合作伙伴为全球资产组合提供项目服务的立场。该合同涵盖全面的 EPCm 服务，支持 bp 的资产生命周期。这包括执行小型和大型项目，以及海上和陆上的小修改。肯特与 bp 现有的合同包括概念和 FEED 服务以及全球调试框架，而这一新框架是对合同的补充。肯特首席执行官约翰·吉利评论道：该奖...
Crude Oil
06-12-2024

Petronas awards four PSCs in Malaysia under MBR 202
马来西亚国家石油公司 ( PETRONAS这些合同涵盖三个DRO集群和一个勘探区块，标志着马来西亚石油和天然气行业的重大发展。产品分成合同涵盖九个油田和一个勘探区块，全部位于马来西亚半岛近海和沙巴海岸外。这些地区位于已建立的碳氢化合物盆地内，具有靠近现有基础设施的优势，有望促进协同发展和资源的快速货币化。RAJA 油田群包括马来西亚半岛近海的 Rhu、Ara 和 Janglau 油田，根据小型油田资产产品分成合同，被授予 Dialog Resources。EPOMS...
Oil Price
06-12-2024

OPEC+ Delays Revival of Its Oil Production by 3 Months
OPEC+ 将恢复石油生产的计划推迟了三个月，这是该组织在原油价格因供应过剩而苦苦挣扎之际第三次推迟这一举措。以沙特阿拉伯和俄罗斯为首的欧佩克推迟了一系列增产计划，原定于 1 月份开始增产 18 万桶/日。欧佩克在一份声明中表示，增产计划将从 4 月份开始，并以比原计划更慢的速度取消减产。阿联酋在 4 月份之前也不会增加产量。该国此前已获得一项权利——与该组织的减产无关——从 1 月份开始每月分阶段逐渐增加 30 万桶/日的产量，以表...
Oil & Gas Trade
06-12-2024

TotalEnergies to Acquire RE Firm VSB for $1.65 Billion
TotalEnergies SE 已签署协议，以 15.7 亿欧元（16.5 亿美元）收购 VSB 集团，扩大其在欧洲的风能、太阳能和电池存储足迹。与此同时，这家法国能源巨头还进行了另一项交易，出售了位于德克萨斯州的太阳能和电池存储项目组合的 50% 股份，这些项目的总容量为 2 千兆瓦 (GW)。根据该公司周三发表的声明，TotaEnergies 预计将获得 8 亿美元的收益。道达尔能源公司表示，正在通过新交易实施资本循环。VSB 成立于 1996 年，2020 年被瑞士资产管理公司 Partne...
Crude Oil
06-12-2024

Woodside Says Secured Competitive Pricing for Louisiana LNG Build Contract
Woodside Energy Group Ltd. has signed a revised turnkey engineering, procurement and construction (EPC) contract with Bechtel Corp. for a recently acquired liquefied natural gas (LNG) project on the United States Gulf Coast.In a short period of time, we h
Crude Oil
06-12-2024

USA Navy Destroyers Counter Attack While Escorting USA Chemical Tanker
In its latest Maritime Security Threat Advisory (MSTA), Dryad Global highlighted that, on December 1, two U.S. navy destroyers were escorting three U.S.-owned, operated, and flagged merchant vessels through the Gulf of Aden, when they were attacked by Hou
Oil Price
06-12-2024

Oil Patch in Canada Has $24B Shield Against Trump Tariffs
The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off sooner than expected if Pres
Malaysia
05-12-2024

Inpex Secures 42.5% Interest In Block 2A Offshore Malaysia
Inpexhas signed an agreement with Seascape Energy Asia to acquire a 42.5% participating interest in Block 2A off the coast of Sarawak, Malaysia.The block, covering approximately 12,035km², is situated in water depths ranging from 180m to 1,390m.
05-12-2024

Siemens, Compass Sign Multi-year Agreement For Custom Integrated Data Delivery Unit
Compass Datacenters, which designs and constructs data center campuses for some of the world’s largest technology companies, has signed a multi-year capacity agreement with Siemens to supply a custom modular medium-voltage skid solution. The sol
LNG
03-12-2024

Egypt seeking long-term LNG deals with U.S. companies
Egypt is currently in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) instead of relying on the more costly spot market, according to an exclusive Reuters report, as the country’s gas prod

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