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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

Natural Gas
21-11-2024

Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion
Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg.Claims in cases by eight separate companies, including
Crude Oil
20-11-2024

Ovintiv to Acquire Alberta Montney Assets for $2.4B
Ovintiv Inc. is acquiring Montney assets in Alberta from Paramount Resources Ltd. in an all-cash transaction valued at approximately $2.377 billion (CAD 3.325 billion).Upon closing, the acquisition will add approximately 70,000 barrels of oil equivalent p
Oil & Gas Supply
20-11-2024

BlackRock, Block, Ripple, Samsara Join SAF Buyers Alliance
BlackRock, Block, Ripple and Samsara have signed up for the Sustainable Aviation Buyers Alliance (SABA) after purchasing SAF certificates (SAFc’s) for supply delivered to Alaska Airlines, the transaction’s facilitator said Monday.The p
Oil Price
20-11-2024

World's Top Oil Refining Hub Is Running Hard as Exports Boom
US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from Mexico and Brazil.Fuel makers in the world’s largest refining hub processed 9.31 mill
Oil & Gas Supply
20-11-2024

Global OTEC Launches New Power Module For Sustainable Offshore Oil And Gas
Global OTEC has announced its latest advancement in sustainable power for offshore energy exploration and production at the first Brazilian Workshop on Geothermal Energy Utilization and Storage. During the event hosted by Petrobras at the Cenpes Conventio
Oil & Gas Technology
20-11-2024

Championx Boosts Permian Basin Production Capability By Nearly 10% While Reducing Emissions
ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian Basin. The project is a key initiative to meet industry demands while reducing inter-plant transportation, and associated carbon
Oil & Gas Trade
20-11-2024

ONEOK Agrees to Sell Interstate Gas Pipelines To DT Midstream For $1.2 Billion
ONEOK Inc. has signed an agreement to sell its three wholly owned interstate natural gaspipelinesystems to DT Midstream Inc. for $1.2 billion in cash. The deal, expected to close in the fourth quarter of 2024, is subject to regulatory approvals and standa
Oil&Gas Drilling
20-11-2024

Landbridge To Acquire Permian Acreage Valued At $245 Million From VTX Energy
LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for total consideration of $245 million in cash from
Oil & Gas Trade
20-11-2024

America's Oil, Natural Gas Producers Outline Priorities To Trump Transition Team
Today the Independent Petroleum Association of America (IPAA) presented its issue priorities to the Trump Transition team. IPAA members are the primary producers of the nation’s oil and natural gas, accounting for 83 percent of America&rsquo
Oil & Gas Trade
20-11-2024

Totalenergies To Deploy Emissions Detection, Measurement Tech For Oil India Sites
TotalEnergies and Oil India Limited (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India.State-owned enterprise OIL recently j
Oil Price
19-11-2024

Petrobras Outlines $111 Billion, Five-Year Spending Proposal
Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan.The Brazilian oil giant’s eight-person executive office proposed that amount for the 2025-2029 period, according to
Oil & Gas Trade
19-11-2024

World’s Top Oil-Refining Hub Is Running Hard as Exports Boom
US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from Mexico and Brazil.Fuel makers in the world’s largest refining hub processed 9.31 mill
Oil Price
18-11-2024

Oil Holds Weekly Drop on Glut Concerns, China’s Demand Outlook
Oil held a weekly loss on concerns over plentiful global supply and the outlook for demand in China, the world’s biggest crude importer.Brent traded above $71 a barrel after tumbling 3.8% last week, while West Texas Intermediate was near $67. We
Oil & Gas Trade
18-11-2024

Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions
The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from doing business in the US.Francesco Mazzagatti is accused
Oil Price
18-11-2024

Indian Gas Retailers’ Shares Sink as Supply Cut Hits Margins
Indian city gas distributors’ stocks tumbled Monday after the government cut allocations of natural gas for a second month, triggering analyst downgrades.The shares of Indraprastha Gas Ltd. slumped nearly 20%, the most in over twelve years, whil
Natural Gas
18-11-2024

Gasoline Exports From China Decline to Lowest Level Since April
Gasoline exports from China sank to the lowest since April as refiners scale back operations and a holiday boosted local demand.Shipments dropped 8.2% from September and were 13% lower than a year earlier, according to customs data released Monday. Diesel
Oil Price
16-11-2024

Election Euphoria Ends For Oil Prices
The International Energy Agency (IEA) expects there to be an oil surplus of more than 1.0 million bbl next year based upon a continuing decline in demand centered around China. The agency’s head of oil industry and markets went so far as to sugg
Natural Gas
15-11-2024

NuVista to Supply Gas to Trafigura in Long-Term Deal
Trafigura Group Pte. Ltd., has signed a long-term natural gas agreement with NuVista Energy Ltd., a leading producer of condensate-rich natural gas in the Montney formation in the Alberta Deep Basin, Canada.Under the agreement, NuVista will supply 21,000
Oil&Gas Drilling
15-11-2024

Houston Based Coterra Announces Accretive Permian Deals for Near $4B
Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the drilling of its first well in the waters of southern Namibia. This campaign, estimated to l
LNG
15-11-2024

IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.Oil consumption in China — the po
Oil&Gas Drilling
15-11-2024

Bourbon Logistics Wins Contract With Oil And Gas Major Operator In Namibia
Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the drilling of its first well in the waters of southern Namibia. This campaign, estimated to l
Oil & Gas Trade
15-11-2024

Elemental Energies And Archer Announce Global P&A Well Engineering Joint Venture
Elemental Energies and Archer have announced a joint venture (JV) agreement delivering integrated plugging and abandonment (P&A) services to global decommissioning projects. This commitment formalizes the long-term partnership between Archer and Eleme
Natural Gas
15-11-2024

Enermech Wins Major Contract For North Sea Operator’s Offshore Installations
EnerMech has won a multi-million-pound contract to become the preferred provider of Flexible Hose Assembly (FHA) and Small Bore Tubing (SMT) management services for a major E&P organization’s U.K. assets.The minimum five-year agreement focus
Natural Gas
15-11-2024

Technip, SBM Awarded Major Contracts For TotalEnergies’ Granmorgu FPSO, Offshore Suriname
SBM Offshore, Technip Energies and TechnipFMC all announced today the securement of major contracts for the GranMorgu field development project located in Block 58 in Suriname, operated by TotalEnergies.Under these contracts, SBM Offshore will, in partner
Natural Gas
15-11-2024

SBM Offshore Awarded Contracts For The GranMorgu Field Development
SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies.Under these contracts, SBM Offshore will,

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