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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

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
Natural Gas
22-11-2024

Asian LNG Jumps to Highest This Year as European Benchmarks Rise
North Asia spot liquefied natural gas prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel.The Japan-Korea marker, the benchmark for the region, rose to about $15.3 per million British ther
Natural Gas
22-11-2024

Nigerians Are Switching Cars to Compressed Natural Gas After Petrol Prices Surge
Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of the past.A fivefold increase in petrol prices since the rollback of fuel subsidies last year ha
Oil Price
22-11-2024

Occidental CEO Warns US Is at Risk of Losing Energy Independence
Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.It’s going to start to roll over, and when that happens, that’s when the US is at risk for losing
Crude Oil
22-11-2024

Petrobras Announces $3.4 Billion in Extraordinary Dividends
Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will continue returning cash to investors.The payment is in line with Petrobras’s policy tha
Crude Oil
21-11-2024

TechnipFMC Bags $1b Contract For Totalenergies' Suriname Project
TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.TechnipFMC said in a news rele
Natural Gas
21-11-2024

TGS Wins Major Seismic Contract For ONGC Offshore India Gas Field
TGS announced today they have won a significant seismic survey/3D streamer contract for ONGC in the Mahanadi basin, offshore India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract has a duration of approximat
Oil & Gas Trade
21-11-2024

Nigeria’s Dangote Plant Buys US Oil for First Time in 3 Months
Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.The plant purchased about two million barrels of WTI Midland crude from Chevron Corp., according t
Crude Oil
21-11-2024

Exxon Withdraws From Offshore Suriname Oil-Exploration Block
Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese waters.Exxon will transfer its 50% stake in the block to Malaysia’s Petronas, the opera

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