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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
16-10-2024

Exxon Seeks Buyers for Portion of Assets in North Dakota’s Bakken Shale
Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustrationTop U.S. oil producer Exxon Mobil Corp (XOM.N), plans to sell a portion of its assets in North Dakota's Bakken shale formation.Following a wave of megamerg
Oil & Gas Trade
15-10-2024

TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins
French oil major TotalEnergies (TTEF.PA), opens new tab expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins in Europe and elsewhere, the company said on Tuesday amid a drop in global oil prices.Shares in
Oil&Gas Drilling
15-10-2024

Shelf Drilling All Done With Triangular Merger
UAE-headquartered offshore drilling contractor Shelf Drilling (SHLF)UAE-headquartered offshore drilling contractor Shelf Drilling (SHLF) has wrapped up a business combination structured as a triangular merger between its indirect subsidiary SHLF MergCo, S
China
15-10-2024

CNOOC Sees Record Oil and Gas Output From Independent Field
China National Offshore Oil Corporation (CNOOC) has revealed a record cumulative production of nine billion cubic metres (bcm) of natural gas and more than 900,000m³ of crude oil from the Deep Sea #1 field.Production from the field is set to rise
Oil & Gas Trade
15-10-2024

Big Oil Set to Bid in Algeria’s New Oil and Gas Licensing Round
Algeria is set to soon announce a new oil and gas licensing round in which major international firms, including ExxonMobil and Chevron, are expected to take part.The OPEC member’s national development hydrocarbon agency, ALNAFT, will announce a
Oil & Gas Trade
15-10-2024

Big Oil Set to Bid in Algeria’s New Oil and Gas Licensing Round
Algeria is set to soon announce a new oil and gas licensing round in which major international firms, including ExxonMobil and Chevron, are expected to take part.The OPEC member’s national development hydrocarbon agency, ALNAFT, will announce a
LNG
15-10-2024

‘Largest LNG Port in Europe’ Gets Methane Emissions Certification
MiQ has audited a liquefied natural gas (LNG) plant operated by the National Grid Grain LNGGlobal non-profit methane emissions certification provider MiQ has audited a liquefied natural gas (LNG) plant operated by the National Grid Grain LNG, a wholly own
LNG
15-10-2024

HMM’s LNG-Ready 13K Teu Boxship Fleet Is Almost Complete
HMM Opal was built by Hanwha Ocean in South Korea and will sail on the PSX (Pacific South Express) route, connecting major ports in Korea and Shanghai to Los Angeles and more, HMM said.The ship is part of the twelve-strong LNG-ready 13,000 TEU containersh
Oil & Gas Trade
15-10-2024

Baker Hughes and Repsol Enhancing Oil & Gas Production With Ai-Powered Solutions
Fulmar platform in UK waters; Source: RepsolThe duo struck a new deal to collaboratively create and deploy next-generation digital capabilities through the Leucipa automated field production solution. This is expected to enable AI-powered automation workf
LNG
15-10-2024

Venture Global Will Not Begin LNG Deliveries to Italy’s Edison Until 2025
Model of LNG tanker is seen in this illustration taken May 19, 2022.Italian energy group Edison (EDNn.MI),said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.E
Oil & Gas Trade
15-10-2024

OPEC Trims Its China Crude Demand Forecast, but Nowhere Near Enough: Russell
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight mont
LNG
14-10-2024

TotalEnergies Contracts Fourth LNG Refueling Ship
TotalEnergies SE has expanded its liquefied natural gas (LNG) bunkering fleet to four vessels with a charter agreement with Spanish shipping company Ibaizabal Group.The French energy major plans to deploy the vessel in Oman, where it has a bunkering-focus
LNG
14-10-2024

Santos Secures $800 Million Loan to Wrap up Life Extension Works at Australian LNG Project
Darwin LNG; Source: SantosThe Darwin LNG plant (DLNG), a single train liquefaction and storage facility located at Wickham Point on Darwin Harbour in Northern Territory, Australia, used to receive gas from the Bayu-Undan field in the Timor Sea and convert
Gas Pipeline
14-10-2024

SLB Onesubsea to Deliver Full Subsea Equipment Scope for One of Brazil’s Largest Producing Assets
Source. SLB OneSubseaFollowing a competitive tender, OneSubsea has been appointed to deliver two subsea production manifolds, one electro-hydraulic distribution unit, subsea control systems, toolkits, as well as field services for installation, commission
LNG
14-10-2024

Swiss Player Procures 8 LNG Carriers Compressor Gig With Hanwha Ocean
Illustration; Source: Burckhardt CompressionThe latest deal is said to represent the Swiss firm’s entry into the market for boil-off gas handling compression solutions for LNG carriers with low-pressure two-stroke engines. The new vessels&rs
Malaysia
14-10-2024

Sabah Sells Sixth Crude Oil Cargo, Secures RM100 Million Revenue
The CCA gives the state greater revenue sharing, greater say and greater participation in the oil and gas value chain in Sabah.Sabah has sold its sixth crude oil cargo from Labuan Crude Oil Terminal (LCOT) with an estimated sales revenue of more than RM10
LNG
14-10-2024

Woodside Charging Ahead at Australian Gas Mega-Project, Trunkline Installation Is Completed
Woodside Energy has completed installation of the offshore trunkline for its US$12 billion-plus Scarborough mega-gas project in Australia, which is targeting its first liquefied natural gas cargo in 2026.When operational, the 433-kilometre trunkline will
Oil & Gas Trade
14-10-2024

Vietnam Electricity and Oil and Gas Group Seal PPAs for Nhon Trach Plants
Vietnam Electricity (EVN)Vietnam Electricity (EVN), Vietnam Oil and Gas Group, along with their member units have signed several deals, which includes power purchase agreements (PPA) for Nhon Trach 3 and 4 power plants.In a statement, EVN said the signing
LNG
14-10-2024

Singapore Explores Joint LNG Procurement With Kogas
MISC's LNG carrier Seri Begawan at the Singapore LNG terminal in SingaporeSingapore’s Energy Market Authority (EMA) has signed a new agreement with Korea Gas Corporation (Kogas) with an expanded scope to explore the joint procurement of
Oil & Gas Trade
12-10-2024

PetroChina Ends Its Role as Committed Shipper on Trans Mountain Pipeline
PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. REUTERSPetroChina Canada will no longer be a committed shipper on the Trans Mountain oil pipeline after assigning its contracts to another party, the company said i
LNG
11-10-2024

Exclusive: Japan Could Boost LNG Buys for Emergency Reserve to Nearly 1 Mln T a Year, Meti Official Says
Model of LNG tanker is seen in front of Japan's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsJapan is considering stepping up purchases of liquefied natural gas (LNG) for emergen
Oil & Gas Trade
11-10-2024

K Line and Partners to Evaluate CCS Opportunities in Alaska
Courtesy of K LineUnder the agreement, the three companies will conduct a feasibility study to investigate possibility for building a CSS value chain in which CO2 is aggregated in Japan and transported by large liquefied CO2 vessels to Alaska for sequestr
LNG
11-10-2024

Massive $12.5b Gas Project Over Two-Thirds Done as Saipem Puts in ‘Critical Piece of Infrastructure’ Offshore Australia
Rendering of Scarborough FPU; Source: WoodsideWoodside has confirmed that its Scarborough energy project, which was 67% complete at the end of June 2024, is now more than two-thirds ready, as Saipem has completed the trunkline installation after around 12
LNG
11-10-2024

Totalenergies Expands Global LNG Bunkering Footprint
Used as a marine fuel, LNG is an immediately available transition fuel that reduces greenhouse gas (GHG) emissions in the shipping sector by around 20%. (Image source: archives)TotalEnergies signed a charter contract with Spanish shipowner Ibaizabal for a
Oil & Gas Trade
11-10-2024

CNOOC Started Production in Seven Oil and Gas Projects in 2024
CNOOC began production in the Bozhong 19-2 Oilfield Development Project in central Bohai Bay, the seventh oil and gas project put onstream by the Chinese state-backed company this year.CNOOC Ltd. has begun production in the Bozhong 19-2 Oilfield Developme

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