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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil & Gas Supply
24-10-2024
Cop29 Host Azerbaijan Set For Major Fossil Gas Expansion, Report Says
Azerbaijan’s climate action plan was rated ‘critically insufficient’ by Climate Action Tracker in September.Photograph: Sergei Grits/APAzerbaijan, the host of the Cop29 global climate summit, will see a large expansion of fos
Oil&Gas Drilling
24-10-2024
Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week
Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX production sharing contract area in eastern Mongolia.The company has completed site constructi
LNG
24-10-2024
I Squared Capital To Acquire Philippines Coastal Terminal
ISquared Capital has agreed to acquire Philippines Coastal Storage & Pipeline, including its affiliate entities, Keppel Infrastructure Trust, Singapore and Metro Pacific Investment.The acquisition will proceed through the ISQ Global Infrastructure Fun
Oil & Gas Trade
24-10-2024
Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure
Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian oil
Oil & Gas Supply
23-10-2024
India's Diesel Consumption To Rise 3%-4% In Current Fiscal Year, Says Indian Oil Chair
A worker fills diesel in a container at a fuel station in Kolkata, India, February 1, 2018. REUTERSIndia's annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V. Satish Kumar, chairman of Indian Oil
Oil & Gas Trade
23-10-2024
Top U.S. LNG Exports: China's Gas Demand Is Booming
Chinese demand for natural gas is set to jump by more than 50% by 2040, from 400 billion cubic meters (bcm) now to more than 600 bcm, according to an executive at the top U.S. LNG exporter, Cheniere Energy.There’s no doubt that gas demand growth
LNG
23-10-2024
Brazil Mulls LNG Imports Into Early 2025 as Hydro Shrinks
Gas buyers in Brazil are inquiring about potential purchases of global shipments well into the first quarter as persistently dry weather threatens hydropower generation.The country will need five or more cargoes of liquefied natural gas a month from Janua
LNG
23-10-2024
Chinese Player Entrusted With Flagship FLNG Project Unlocking ‘Stranded’ Offshore Gas Fields in Oceania
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New EnergiesWison New Energies (WNE), a China-based provider of clean energy services, has picked up a new assignment with Kumul Petroleum Holdings Limited (KPHL) rela
Oil&Gas Drilling
22-10-2024
Six-Well North Sea Drilling Campaign With $690 Million Price Tag Coming up Next Year to Unleash More High-Value Barrels
Norwegian oil and gas player Vår Energi has greenlighted a final investment decision (FID) for a multi-well drilling program, which aims to develop the next stage of a field life extension project in the North Sea off the coast of Norway.V&a
LNG
22-10-2024
Vitol Inks LNG Swap Deal with China Gas
China Gas Hongda Energy Trading, a subsidiary of Chinese piped-gas operator China Gas, and energy and commodities company Vitol have signed a long-term liquefied natural gas (LNG) swap agreement.Under the agreement, Vitol is set to buy 0.5 million metric
Oil Field
22-10-2024
Chinese Giant Brings Another Oil Development Project Online in South China Sea
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has started production from an oilfield development project in the South China Sea ahead of schedule.CNOOC, which operates and holds 100% interest in the Xijiang 30-2 oi
Oil Field
22-10-2024
EnQuest, Seascape Secure Stakes in DEWA Complex Cluster, Malaysia
EnQuest and Seascape Energy have been granted participating interests in a small field asset production sharing contract (SFA PSC) for the DEWA Complex Cluster, located off the coast of Sarawak, Malaysia.The award was made through the Malaysia Bid Round P
Oil & Gas Trade
22-10-2024
Nigeria Halts Shell Asset Sale, Approves Exxon-Seplat Deal
Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil , opens new tab, the country's upstream oil regulator said on Monday.Shell's asset sale for up to $
LNG
22-10-2024
Singapore’s Centralised Gas Company to Begin LNG Procurement From 2026, Minister Says
The Singapore government expects its newly formed centralised gas company to start procuring liquefied natural gas from 2026, said Low Yen Ling, Singapore's minister of state for trade and industry on Tuesday.
Gas Power Stations
22-10-2024
Evergy to Build Natural Gas Power Plants in Kansas Amid Booming Demand
Evergy (EVRG.O), will build two 705 megawatt natural gas power plants in Kansas to meet an expected spike in electricity demand, the U.S. utility firm said on Monday.Utilities across the country are ramping up investments in their infrastructure ahead of
LNG
22-10-2024
Next Wave of LNG Supply Delayed to 2027 Due to Project Hold-Ups, Totalenergies Says
The next wave of liquefied natural gas (LNG) supply will come online from 2027, later than the earlier forecast of 2025, due to project delays, TotalEnergies' Senior Vice President for LNG Gregory Joffroy said on Tuesday."On the mid-term (out
Oil & Gas Trade
21-10-2024
Iraq Signs Gas Supply Agreement With Turkmenistan
Turkmenistan’s gas supply to Iraq would vary seasonally. Credit: TinoFotografie/Shutterstock.Iraq has inked a gas supply agreement with Turkmenistan, securing 20 million cubic metres (mcm/d) per day of gas to enhance its electricity facilities.T
Oil & Gas Trade
19-10-2024
SUBSEA7 Employs New Installation Method at Aramco’s Giant Offshore Oil & Gas Project (Gallery)
Luxembourg-domiciled Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors on the seabed to complete installation works at an oil and gas project off the coast of Saudi Ar
Oil & Gas Trade
19-10-2024
Rockhopper Wins Extension for Falklands Assets as It Sheds Two Italian Ones
According to Rockhopper, the insurance policy will enable the combination of the second tranche payment and the insurance payout to leave the firm with €31 million if Italy manages to have the award of the Ombrina Mare field fully or partially an
LNG
19-10-2024
Saipem Cheers Overturning of Two-Year Ban on Public Contracting Activity in Brazil
After the Controladoria-Geral da União (CGU) looked into accusations against Saipem, a subsidiary of the Italian energy multinational Eni, regarding involvement in irregularities with Petrobras, which allegedly occurred during the execution of
Natural Gas
19-10-2024
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said.Pipeline compa
Oil&Gas Drilling
18-10-2024
Expansion of Qatar’s Huge 30-Year-Old Oil Field Brings Subsea Cable Order to Hengtong
China-based power cable system solutions provider Hengtong Submarine Power Cable, a wholly-owned subsidiary of Hengtong Group, has confirmed that HMN Technologies will manufacture and construct the submarine fiber optic cable system, including branch unit
Oil&Gas Drilling
18-10-2024
Transocean Drillship Gets Another Drilling Job in Gulf of Mexico
Switzerland-based offshore drilling contractor Transocean has secured a new long-term ultra-deepwater drillship assignment with an undisclosed operator in the U.S. Gulf of Mexico, where the rig is already carrying out drilling operations for an oil major.
Oil & Gas Trade
18-10-2024
ABS Brings Swiss Player on Board FPSO Project Being Undertaken for Petrobras
FPSO Almirante Barroso operating on the Búzios field in the pre-salt layer of the Santos Basin; Source: Petrobras News AgencyThe American Bureau of Shipping (ABS), a classification society, has hand-picked Switzerland-headquartered structural p
LNG
18-10-2024
Prysmian, Nexans, and Fulgor to Submit Final Offers in Submarine Power Cable Battle for Greek Interconnectors
Greek energy investment firm Copelouzos Group has formed a strategic partnership with Egypt’s state-owned gas player, Egyptian Natural Gas Holding Company (EGAS), to transport the latter’s liquified natural gas (LNG) through the recent
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Most views from Oil & Gas
1
Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
2
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
3
Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
