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Oil & Gas Trade
Oil Inches up After U.S. Reimposes Venezuela Oil Sanctions
Crude Oil
30-03-2024
US Crude Output Falls 6% in January Due to Severe Cold, EIA Says
An aerial view of an oil tanker and storage tanks at Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo Purchase Licensing RightsU.
Natural Gas
29-03-2024
Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
Canacol Energy Ltd. has declared the Pomelo 1 well a natural gas discovery, in the latest of successful drilling campaigns in Colombia’s Magdalena Basin.Drilled to a total depth of 12,276 feet, the exploration well showed 96 feet of true vertica
Oil & Gas Trade
29-03-2024
Asia Crude Imports Surge as China, India Snap up Russian Oil
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 milli
Oil&Gas Drilling
29-03-2024
US Drillers Cut Oil and Gas Rigs for Second Week in a Row - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Thursday.The
LNG
28-03-2024
Petrovietnam Gas Signs Deal to Buy 70,000 Metric Tons LNG From Qatarenergy
PetroVietnam Gas (GAS.HM), opens new tab said on Wednesday it has signed a contract with QatarEnergy to buy 70,000 metric tons of liquefied natural gas for delivery on April 12-13.The cargo will be used for "industrial production and to ensure nation
Oil & Gas Trade
28-03-2024
Iraq Signs 5-Year Gas Supply Deal with Iran, Says State Media
File photo: A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani/File photo Purchase Licensing RightsIraq signed a 5-year gas suppl
Gas Power Stations
28-03-2024
CPS Energy to Buy Gas Plants From Talen Energy for $785 Million
Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy TLNE.PK for $785 million.Talen Energy Supply, a unit of Talen Energy Corp that holds several of its power plants, in 2022 had
Oil & Gas Trade
28-03-2024
Exclusive: Russia Increases Gasoline Imports From Belarus as Domestic Supplies Shrink
Joint stock company Mozyr Oil Refinery is pictured near the town of Mozyr, Belarus January 4, 2020. REUTERS/Vasily Fedosenko/File Photo Purchase Licensing RightsRussia has increased gasoline imports from neighbouring Belarus in March to tackle the risk of
LNG
28-03-2024
IKAV, VTTI Buy Majority Stake in Italy's Biggest LNG Terminal
A sign is pictured in front of the Vitol Group trading commodities building in Geneva October 4, 2011. Picture taken October 4, 2011. REUTERS/Denis Balibouse/File Photo Purchase Licensing RightsDutch infrastructure group VTTI and German asset manager IKAV
Oil & Gas Trade
27-03-2024
Gazprom 2023 Net Profit to Russian Accounting Standards Down 7% to $7.5 Billion
A 3D printed natural gas pipeline is placed in front of displayed Gazprom logo and Russian flag in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing RightsRussian energy giant Gazprom (GAZP.MM), opens new tab sai
Oil&Gas Drilling
26-03-2024
OGDCLDiscovers Gas Reserves in Khyber-Pakhtunkhwa
Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) state-owned company, has discovered hydrocarbon reserves at Togh-02 well, located in Kohat, district, Khyber Pakhtunkhwa.The development
Oil & Gas Trade
26-03-2024
Petrochina's 2023 Net Income up 8.3% on Strong Fuel, Gas Sales
PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights.PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last
LNG
26-03-2024
Gazprom's Unit Buys Former Shell Stake in Sakhalin Energy for $1 Bln
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov Purchase Licensing RightsKremlin-controlled energy giant Gazprom (GAZP.MM), opens new tab has acquired a 27.5% stake, forme
OPEC
26-03-2024
Exclusive: Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target
An employee inspects a well head in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo Purchase Licensing RightsRussia's government
Oil & Gas Trade
26-03-2024
China: Totalenergies and Sinopec Join Forces to Produce Sustainable Jet Fuel at a Sinopec's Refinery
TotalEnergies and China Petroleum and Chemical Corporation (SINOPEC) have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China.The planned unit, jointly owned by SI
LNG
26-03-2024
Credit Agricole Says It Will Not Fund Two Major LNG Projects
A Credit Agricole logo is seen outside a bank office in Nantes, France, February 13, 2024. REUTERS/Stephane Mahe/File Photo Purchase Licensing RightsCredit Agricole (CAGR.PA), opens new tab said on Monday that it would not provide financing to two major l
Oil&Gas Drilling
25-03-2024
US Natgas Rig Count Falls to Lowest Since January 2022 - Baker Hughes
Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cut the number of natural gas rigs operating to the lowest lev
Natural Gas
25-03-2024
Woodside Seeks Better Terms to Develop Trinidad’s Calypso Gas Project
CEO of Woodside Energy Meg O'Neill speaks during an interview with Reuters during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024. REUTERS/Callaghan O'Hare/File Photo Purchase Licensing RightsAustralian oil and gas produc
Oil Pipeline
25-03-2024
Ecuador’s OCP Pipeline Halts Operations After Leak
Operations for Ecuador's privately operated OCP heavy crude pipeline were halted and transportation valves were shut following a leak, the company said on Saturday.OCP detected a leak in Napo province in central Ecuador and immediately activated i
Oil Pipeline
25-03-2024
A Year After Iraq-Turkey Pipeline Halt, No Progress to Resume Flows
A year after the closure of the Iraq-Turkey oil pipeline, the conduit that once handled about 0.5% of global oil supply is still stuck in limbo as legal and financial hurdles impede the resumption of flows, three sources told Reuters.About 450,000 barrels
Oil & Gas Trade
25-03-2024
Sinopec’s 2023 Net Income Falls 9.9% in ‘Complicated Environment'
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsChina Petroleum & C
Oil&Gas Drilling
22-03-2024
Five Killed in Fire at Perenco Oil Platform Offshore Gabon
Five people were killed and one is missing after a fire on Wednesday at a Perenco oil platform off the coast of Gabon, the Anglo-French oil company said in a statement on Thursday."Following the incident which took place yesterday at the Perenco Simb
Oil&Gas Drilling
22-03-2024
Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
Pemex's Deer Park, Texas, facility reported an oil spill into the Houston ship channel on Thursday, the refiner said in a community alert, adding it had isolated the site and deployed booms to contain the leak."The oil had reportedly overflow
Oil & Gas Trade
22-03-2024
Brazil Exploring Ways to Import Gas From Argentina’s Vaca Muerta Play, Energy Minister Says
Brazil is exploring ways to import natural gas from Argentina's massive Vaca Muerta formation, including the possible reversal of a pipeline now used for transporting Bolivian gas, as it looks to ease its gas deficit, Mines and Energy Minister Ale
LNG
22-03-2024
Sixteen Republican-Led US States Sue Federal Government Over Ban on LNG Permits
Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsSixteen Republican-led states on Thursday filed a lawsuit to challenge the federal governmen
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