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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
30-11-2024

Saipem To Construct Platforms, Pipelines For Tangguh Gas/Co2 Capture Project
BP Berau has awarded the Saipem/PT Meindo Elang Indah consortium an EPCI contract for the newly launched Tangguh UCC project in Indonesia’s Papua Barat province.The $1.12-billion contract covers development of the offshore Ubadari field, enhance
Oil Price
30-11-2024

Oil And Gas Drilling Activity To Reach 10-year High In 2025: Industry Group
Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat.The Canadian Association of Energy
Oil Price
30-11-2024

SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention
In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surrounding a potential surge in U.S. oil production - up three million barrels per day - has gained att
Oil & Gas Trade
30-11-2024

Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast
Côte d’Ivoire has awarded Eni SpA four offshore exploration blocks, allowing the Italian government-controlled energy major to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African countr
Oil Price
30-11-2024

Europe's Gasoline Exports Set to Rebound From Post-Covid Low
Europe’s gasoline market, which has struggled with lackluster export demand, is getting a boost as outbound flows in November rebound from a multi-year low.Shipments of gasoline and blending components from the European Union and the UK to other
Oil & Gas Trade
29-11-2024

KCA Deutag Lengthens Drilling Support Arrangement Offshore Norway
KCA Deutag has awarded Axess Group an extension to a frame agreement to provide services to seven platforms offshore Norway.The agreement, first awarded in 2017, has also been expanded to cover two more platforms.Axess’ services include dropped obje
Oil & Gas Trade
29-11-2024

Valeura Starts Up Three More Oil Wells At Jasmine Field Offshore Thailand
Valeura Energy has completed a five-well infill drilling program on its Jasmine field in license B5/27 in the Gulf of Thailand.Three new wells have come onstream from the Jasmine D platform, all drilled as producers.The JSD-42 well, drilled at the crest o
Crude Oil
27-11-2024

China's Major Shale Oil Base Achieves Annual Output Of Over 1 Million Tonnes
The output of China's first national-level shale oil demonstration zone, located in Xinjiang Uygur Autonomous Region, has exceeded 1 million tonnes so far this year, marking a significant breakthrough in the country's shale oil exploitatio
LNG
27-11-2024

Vietnam Vows to Buy More US Aircraft, LNG in New Tariff Era
Vietnam plans to buy more aircraft, liquefied natural gas and other products from the US as government officials brace for a new era of tariffs from the incoming Trump administration.Vietnam advocates promoting trade in a harmonious and sustainable manner
Oil & Gas Supply
27-11-2024

Alberta Prepares to Fight Trudeau Cap on Oil and Gas Emissions
Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry in opposition to Prime Minister Justin Trudeau.The Canadian province, which holds the world’s third-largest crude reserves i
Oil & Gas Trade
27-11-2024

Ministry of Energy and Minerals approves Block 56 Field Development Plan
The Ministry of Energy and Minerals has approved the field development plan (FDP) for Block 56 in Oman, marking a significant milestone for Tethys Oil and its partners.Following this approval, Block 56 has been declared commercial, and the exploration and
Crude Oil
26-11-2024

ONEOK to Acquire EnLink's Remaining Issued Shares for $4.3 Billion
United States oil and gas pipeline operator ONEOK Inc. said Sunday it will purchase the remaining issued share capital of EnLink Midstream LLC, which it recently took over from Global Infrastructure Partners (GIP).Last month Tulsa, Oklahoma-based ONEOK sa
Crude Oil
26-11-2024

Velesto, Petronas, NOV Partner to Automate Drilling Operations
Velesto Energy Bhd. (Velesto) has signed a Memorandum of Understanding (MOU) with Petroliam Nasional Bhd. (Petronas) and National Oilwell Varco L.P. (NOV) to implement rig mechanized automation processes and integrate robotics into drilling operations.Val
Oil & Gas Trade
26-11-2024

Blackstone, Eqt Form $3.5 Billion Gas Pipeline Venture
Funds managed by Blackstone Inc. agreed to invest $3.5 billion to create a joint venture with EQT Corp., enabling the U.S. natural gas producer to reduce its debt.The deal will give the private equity giant stakes in gas pipelines serving the Mid-Atlantic
LNG
26-11-2024

Argentina’s YPL To Merge LNG Project With Rivals' Venture
Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas shipper Golar LNG Ltd., Executive Chairman Horacio Marinsaid.The merger of what have so far been tw
Oil & Gas Trade
26-11-2024

ADNOC L&s Takes Delivery Of First New-build LNG Carrier From Jiangnan Shipyard Ahead Of Schedule
ADNOC Logistics and Services announced it has taken delivery of ‘Al Shelila,’ the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead of schedule, w
Oil & Gas Supply
26-11-2024

BP Looks Forward to Growth in US Under Trump
BP Plc anticipates strong growth in the US as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.We look forward to the Trump presidency, BP Chief Executive Officer Murray Auc
Oil&Gas Drilling
25-11-2024

DeepOcean Providing Long-term Subsea Support To Equinor Offshore Norway
Equinor has awarded DeepOcean an eight-year subsea inspection, maintenance and repair (IMR) contract to support its operations in Norway and elsewhere in Europe, starting from 2027.DeepOcean will allocate a large team of subsea engineers, a subsea tool po
Natural Gas
25-11-2024

Transocean Barents Derrick Adapted For Black Sea Entry Operation
TheTransocean Barentssemisubmersiblemobile offshore drilling unithas reached Constanța on the Black Sea coast, ahead of a development drilling program for OMV Petrom/Romgaz’s Neptun Deep gas project offshore Romania.The rig arrived following an
Natural Gas
23-11-2024

B&W to Convert Coal Plant to Gas for AES Indiana
The B&W Thermal business of Ohio-based Babcock & Wilcox (B&W) has received full notice to proceed under an agreement for a coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station, valued at approximately
Oil & Gas Trade
23-11-2024

OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online
OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as originally planned.Several members said they haven’t yet received invitations for
United States
23-11-2024

Landbridge Acquires 46,000 Surface Acres In Southern Delaware Basin
LandBridge Co. LLC has agreed to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin from VTX Energy Partners LLC. The acquisition of the acreage, known as the Wolf Bone Ranch, is valued at $245 million in cash, su
Oil & Gas Trade
23-11-2024

India Is Leading Source Of Oil Demand Growth In EIA Forecast
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the leading source of growth in global oil consumption in its forecast.Over 2024 and 2025, India accoun
Oil & Gas Trade
23-11-2024

Big Oil Accelerating Investment in Biofuels: Rystad
BP PLC, Chevron Corp., Eni SpA, Exxon Mobil Corp., Shell PLC and TotalEnergies SE have announced a total of 43 biofuel production projects with a combined 286,000 barrels per day (bpd) of capacity at the turn of the decade, signaling accelerating investme
Natural Gas
22-11-2024

PAG Said to Sell AirPower’s Gas Business for $6.8 Billion
PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of AirPower Technologies Ltd. to a Chinese consortium in a deal valued at $6.8 billion, people familiar with the matter said.The sale is one of t

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