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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
11-11-2024

KBR Awarded Feed Contract For Sur LNG Train 4 Expansion In Oman
KBRhas been awarded a FEED contract for the expansion of the Qalhat LNG complex in Sur, Oman.This project marks a crucial step in Oman’s efforts to meet rising global energy demands while ensuring sustainable and efficient operations.The expansi
Oil & Gas Trade
11-11-2024

ADNOC Awards $196.2m Manufacturing Contracts
ADNOC has awarded contracts worth $196.2m to 11 companies to boost local manufacturing of diverse products across its value chain as part of the ICV programme.The contracts were awarded at ADNOC’s Business Partnership Forum held during the Abu D
Oil & Gas Trade
11-11-2024

Petrobras Posts $7.6% Increase In Net Income In Q3 2024
Brazilian national oil and gas company Petrobras has reported a 7.6% increase in net income for Q3 2024, reaching $5.87bn (33.85bn reais) from $5.54bn in the same quarter of the previous year.Net income increased due to improved financial results and lowe
Crude Oil
11-11-2024

Exxon Mobil Takes Ownership Of Payara FPSO Offshore Guyana
Exxon Mobil Guyana has completed a transaction to assume ownership from SBM Offshore of theFPSO Prosperity.The deal went through ahead of the full platform lease term, which would have expired in November 2025. Although Exxon Mobil Guyana is now owner, SB
Oil & Gas Trade
11-11-2024

Qatar Taps Rothschild As Adviser In Bid For Rosneft Units In Germany
Qatar’s sovereign wealth fund is bolstering its efforts to take over the German businesses of Russian oil giant Rosneft PJSC as the government in Berlin looks to relinquish control of the entities.The Qatar Investment Authority has appointed Rot
LNG
09-11-2024

Qatarenergy Inaugurates First Four LNG Vessel From Shipbuilding Programme
QatarEnergy said Thursday it had held naming ceremonies to inaugurate four of the dozens of conventional-size liquefied natural gas (LNG) vessels it had ordered from South Korean builders.Three of the newly inaugurated ships, named Lebrethah, Nuaijah and
Crude Oil
07-11-2024

Polish oil and gas group Orlen may suspend or terminate Olefins project
Polish oil and gas company Orlen said it is reassessing the future of its Olefin III petrochemical project due to profitability concerns, adding that it is exploring options including temporary suspension, or termination.The project, which is expected to
Oil & Gas Trade
07-11-2024

Energy Transfer Boss Hails Trump Win as ‘Breath of Fresh Air’ for Oil and Gas Industry
The co-chief executive officer of pipeline company Energy Transfer LP welcomed the election of Donald Trump as US president, saying his administration will bring a breath of fresh air for the oil and gas industry.We’re not arguing that we don&am
Saudi Arabia
06-11-2024

UAE’s Adnoc Agrees 15-Year LNG Supply Deal With Germany’s SEFE
Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Germany’s SEFE for 15 years starting 2028, a deal that expands the United Arab Emirates’ efforts to become a key supplier of the fuel.The agreement for 1 million tons a
United States
06-11-2024

Chevron Is Said to Weigh Sale of Hong Kong Gas Stations Business
Chevron Corp. is considering a sale of all of its gas stations in Hong Kong amid interest from prospective investors, according to people familiar with the matter.The American oil and gas company, which operates more than 40 Caltex-branded service station
Natural Gas
06-11-2024

Russia’s Crude Shipments Slump on Lower Arctic, Black Sea Flows
Russia’s seaborne crude exports plunged in the latest week, with the biggest decline since early July dragging down the four-week average.Weekly flows dropped by about 530,000 barrels a day in the period to Nov. 3, as Russia made no shipments fr
Saudi Arabia
06-11-2024

Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one month.State-run producer Saudi Aramco will sell its flagship Arab Light crude grade at a premiu
Oil Price
06-11-2024

Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes
Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a gain in US stockpiles.Global benchmark Brent crude sank toward $74 a barrel, while West Tex
Crude Oil
05-11-2024

Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling
The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil has darkened with concerns over demand, but the dividend is key for the government&rsqu
Crude Oil
05-11-2024

US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub
The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed.Record crude production at the top U.S. oilf
LNG
05-11-2024

Glenfarne Selects Kiewit To Build Texas LNG Export Plant
U.S. energy company Glenfarne Group LLC said on Monday it had selected construction contractor Kiewit to build its proposed Texas LNG export terminal in Brownsville, Texas.The proposed terminal has the capacity to turn about 0.5 billion cubic feet per day
Oil Price
04-11-2024

Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn
ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the preceding quarter, Q2 2024, the oil and gas major’s earnings amounted to $9.24bn.Earn
Oil & Gas Trade
04-11-2024

South Africa Oil Group Seeks to Amend New Law to Woo Investors
Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramaphosa, according to a lobby group.The Upstream Petroleum Resources Development Act published
Oil & Gas Trade
04-11-2024

Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan
Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, completing the sale of its 77.42 per cent interest in Shell Pakistan Limited (SPL).Wafi Energy
Oil & Gas Trade
04-11-2024

Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding oil an
Natural Gas
02-11-2024

Minres Signs $1.1bn Agreement With Hancock For Gas Exploration Permits
Amid yearslong, ongoing disputes over transitioning away from Four Corners Power Plant, the state's last remaining coal plant continues to spew emissions and lose money.As the state's largest electric utility attempts to secure its steepes
Oil & Gas Trade
02-11-2024

New Offshore Platform Taps Into Potential Of Heavy-oil Reserves In China
The world's first mobile thermal-injection platform was recently delivered in China's Shandong province, offering new opportunities to tap into China's vast potential for heavy-oil recovery, according to the country's major
Natural Gas
01-11-2024

Czechs buy gas from Algeria
PRAGUE: The Czech Republic has started to import gas from Algeria in a bid to offset supplies from Russia as it pursues its war on Ukraine, the CEZ power group said on Thursday.The supplies using pipelines in Tunisia and Italy will cover around two percen
Natural Gas
01-11-2024

Saskatchewan Residents Challenge Gas Expansion in Climate Rights Case
Premier Scott Moe’s Saskatchewan Party has been re-elected in the province with a mandate to tackle rising costs and taxes, but a legal battle over climate policy looms, as a group of residents pursue a lawsuit challenging the province&rsquo
Natural Gas
01-11-2024

Irish Company Yuno Buys One Of North’s Biggest Energy Suppliers
Northern Ireland gas supplier Firmus Energy, which has 110,000 domestic customers, has been sold to an Irish company.Yuno Group, the holding company for Yuno Energy and PrepayPower, announced its acquisition of Firmus (Supply) yesterday.It said customers

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