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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

Crude Oil
17-12-2024

Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai
Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited’s $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost
Natural Gas
17-12-2024

SP Refineries Supply 585 MCM/D of Gas Into National Grid
Gholamabbas Hosseini, managing director of the South Pars Gas Complex, stated that total daily gas output from the complex’s 13 refineries currently stands at 613 mcm, with the majority being transferred to the national grid.With innovative meas
Crude Oil
17-12-2024

Venezuelan Oil Output Recedes as Washington Threatens New Sanctions
The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage.Venezuela’s crude production decreased in November as the country’s oil industry continues to stru
Crude Oil
17-12-2024

US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says
Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer’s most important customer.Some November cargoes remain undelivered, following disruptions
Oil Refinery
17-12-2024

Dangote Refinery Extends Export to Three African Countries
The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks.The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a deleg
Natural Gas
16-12-2024

Egypt’s Cabinet Approves Oil, Natural Gas Exploration Agreements in Key Concessions
The Cabinet has approved two draft petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international companies, as per a statement.These agreements focus
Oil&Gas Drilling
16-12-2024

New Oil Discovery Boosts Barents Sea Potential With 20 More Wells on the Drilling Horizon
Norwegian oil and gas player Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to
Natural Gas
16-12-2024

Dana Gas Receives $20 Million in Payment From Egypt
Dana Gas, one of the largest private natural gas companies in the Middle East, received a $20 million payment from the Egyptian government, taking the total payments received to $24.5 million in the fourth quarter.The latest payment will help the company
Crude Oil
16-12-2024

Argentina to Eclipse Colombia as Oil Production Growth Continues
Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse Co
Crude Oil
16-12-2024

Nigeria Retains Top Spot as Africa’s Biggest Oil Producer
The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa.OPEC, in its latest monthly report on Wednesday for the month of November, said Nigeria’s oil out
Natural Gas
16-12-2024

Suncor Energy to Increase Oil and Gas Output by up to 5 Per Cent in 2025
Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets.In its corporate guidance for 2025, released Thursday, the Calgary-based
Oil Field
16-12-2024

Reabold Resources Ups Stake in Rathlin Energy
The £700,000 purchase, from Rathlin’s Canadian owners, Connaught Oil & Gas, takes Reabold’s total shareholding in Rathlin to nearly 80%.Under the deal announced today, Reabold will hold a 69.9% interest in the West Newton
Natural Gas
14-12-2024

Austria’s OMV Terminates Gazprom Natural Gas Contract
Austrian oil and gas company OMV announced Wednesday the termination its long-term natural gas supply contract with Russia's Gazprom Export, citing multiple fundamental breaches of contractual obligations by the supplier.The contract, originally s
Crude Oil
14-12-2024

Crude Oil Futures Edge Up After IEA Report on Demand Outlook
Crude oil futures traded slightly higher on Friday morning after the latest report from IEA (International Energy Agency) indicated an increase in global oil supply in 2025.At 9:56 am on Friday, February Brent oil futures were at $73.48, up by 0.10 per ce
Gas Turbine
14-12-2024

SSE Thermal and Siemens Energy Partner on Hydrogen-Ready Gas Turbines
SSE Thermal and Siemens Energy have launched a collaboration to deliver gas turbine technology capable of running on 100% hydrogen.The project is called Mission H2 Power, and will support the decarbonisation of SSE’s Keadby 2 Power Station in No
Natural Gas
14-12-2024

RJM Wins Coal-To-Gas Upgrade for Spanish Power Plant
Combustion technology provider RJM International has secured an order for new combustion technology, including CFD combustion analysis and ultra-low NOx gas burners, for a power plant upgrade in Spain.The project plans to upgrade unit two of edp&rsquo
Oil Price
13-12-2024

Oil Prices up With China Demand Hopes
Oil prices increased on Wednesday supported by economic stimulus measures in China, the world’s biggest crude importer, aimed at boosting domestic growth.The international oil benchmark of Brent crude rose by 0.44% to $72.15 per barrel at 10.48
Natural Gas
13-12-2024

ExxonMobil to Drill Offshore in Egypt’s Western Mediterranean
ExxonMobil will begin drilling a new offshore gas exploration well in the North Marakia Offshore Concession, Western Mediterranean this month.During a meeting in London between Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi an
Natural Gas
13-12-2024

Shell to Explore for Oil and Gas in the Black Sea
Shell Exploration and Production (96) B.V, a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in Bulgaria's exclusive economic zone in the Black Sea, announced Bulgaria's caretaker Minister of En
Oil Exploration
13-12-2024

ORLEN Ramps up Its Exploration Activity on the Norwegian Continental Shelf
A total of 6 exploration and appraisal wells were completed by ORLEN Upstream Norway in 2024, 4 more than the previous year. As a result, the company discovered or confirmed oil, gas and condensate reserves estimated at 66-129 million boe, including 11.0-
Natural Gas
13-12-2024

POGC Completes South Pars Overhaul Campaign Offshore Iran
Pars Oil and Gas Co. (POGC) has completed overhauls of the gas platforms at the South Pars field in the Persian Gulf.Ali-Mohammad Tahan, head of HSE at the company’s Operations and Support Division, told news service Shana the program was design
Crude Oil
13-12-2024

Oil Production Hits 1.7mbpd – FG
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024.According to the latest data release
Crude Oil
13-12-2024

OPEC Says Russia Made Small Cut to Oil Output in November
Russia's crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday, citing data from secondary sources such as consultancies.Thi
Crude Oil
13-12-2024

OPEC Daily Crude Output up 0.5% in Nov.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to average 26.66 million bpd, according to OPEC's monthly oil market report released on Wednesda
Natural Gas
13-12-2024

Azerbaijan Unveils Latest Data on Its Oil, Gas Output, and Export Volumes for Current Year
Oil-condensate production in Azerbaijan was 26.5 million tons, and the exports were 22.2 million tons, while the gas production and exports amounted to 45.8 bcm (bcm) and 22.9 bcm, respectively, in 11 months of this year.Data obtained by Trend from the Mi

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