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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
05-09-2024

Iraq’s Oil Exports to US Surpass 46 Million Barrels in Six Months
Baghdad (IraqiNews.com) – In the first half of 2024, Iraq exported more than 46 million barrels of crude oil to the US, according to a report released on Wednesday by the US Energy Information Administration (EIA).The EIA mentioned that Iraq exp
Oil & Gas Trade
05-09-2024

Putin to Discuss Gas Supply Contract With Serbian Deputy PM
Russian President Vladimir Putin attends a signing ceremony following a meeting with Mongolian President Ukhnaagiin Khurelsukh in Ulaanbaatar, Mongolia September 3, 2024. Sputnik/Sofia Sandurskaya/Pool via REUTERS/File Photo Purchase Licensing RightsRussi
Oil & Gas Supply
05-09-2024

OPEC+ Discussing Delay to Planned Oil Output Hike in October, Sources Say
A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo Purchase Licensing RightsOPEC+ is discussing delaying an oil output inc
Oil & Gas Trade
05-09-2024

Erdogan Says Turkey Wants Deeper Ties With Egypt on Natural Gas, Nuclear Energy
Egyptian President Abdel Fattah al-Sisi speaks as Turkish President Tayyip Erdogan listens after a signing ceremony in Ankara, Turkey September 4, 2024. REUTERS/Murad Sezer Purchase Licensing RightsPresident Tayyip Erdogan said on Wednesday that Turkey wa
Oil&Gas Drilling
05-09-2024

Vista Energy to Pump More Than $1 Billion Into Growing Argentina Shale
Miguel Galuccio, Vista oil company founder and chairman, reacts during a celebration marking Vista's fifth anniversary of its stock listing at the New York Stock Exchange (NYSE), in New York City, U.S., September 3, 2024. VISTA/Handout via REUTERS
Oil & Gas Trade
04-09-2024

Saipem Wins Two Saudi Offshore Oil Contracts Worth Us$1 Billion
Saipem, an Italy-based global provider of engineering and construction services for the energy and infrastructure segments, announced two projects across three offshore oil and gas fields in Saudi Arabia.Both involve EPCI (engineering, procurement, constr
Crude Oil
04-09-2024

Bohai Oilfield Posts Record-High Crude Oil Daily Output
A full moon is seen over an oil production platform in Bohai Oilfield, Sept. 29, 2023. [Photo/Xinhua]The daily output of crude oil in Bohai Oilfield, China's largest offshore crude oil production base, has exceeded 100,000 tonnes, a record high in
LNG
04-09-2024

New Fortress Energy Receives Authorization to Export LNG to Non-FTA Countries
New Fortress Energy's liquefied natural gas (LNG) import terminal is pictured near San Juan, Puerto Rico, July 28, 2022. REUTERS/Gabriella N. Baez/File Photo Purchase Licensing RightsNew Fortress Energy (NFE.O), opens new tab said on Tuesday it ha
LNG
04-09-2024

US LNG Exports Rebound in August on Higher Output From Freeport LNG
A child plays at Surfside Beach as France-flagged vessel LNG Adventure departs from Freeport, Texas, bound for the Panama Canal, in Freeport, Texas, U.S. July 28, 2023. REUTERS/Marianna Parraga/ File Photo Purchase Licensing RightsExports of U.S. liquefie
Oil & Gas Trade
04-09-2024

Phillips 66 Sheds Non-core Natgas Assets in Texas
The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo Purchase Licensing RightsU.S. oil refiner Phillips 66 (PSX.N), opens new tab sold its natural gas gathering and processing
Oil&Gas Drilling
04-09-2024

EOG to Ramp up Activity in Utica Shale Play in Ohio, Company Says
The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017. REUTERS/Chen Aizhu/ File Photo Purchase Licensing RightsHouston-based shale producer EOG Resources (EOG.N), op
Oil&Gas Drilling
03-09-2024

Indonesia Seeks 10 Million Barrels of Oil to Build First Reserve
Indonesia plans to set aside more than 10 million barrels of crude — about a 10th of global daily consumption — over the next decade as a buffer against energy shocks.The government is also seeking almost 10 million barrels of gasoline and more than half
LNG
02-09-2024

Turkey’s Botas, Shell to Sign Long-Term LNG Deal
The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell's Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen/File Photo Purchase Licensing RightsTurkish
Oil Field
02-09-2024

New Play Opens With Gas Condensate Discovery Onshore Pakistan
OGDC’s discovery is the first in the Sinjhoro block’s Sembar formation.Photo: AFP/SCANPIXThe Oil & Gas Development Company-operated (OGDC) Sinjhoro joint venture has come up trumps with its Baloch-2 onshore exploration well in Sang
Oil & Gas Trade
02-09-2024

Oil and Gas Giants Invest £600,000 in New Aberdeen Centre for Energy Transition
Image: Credit: iStockBP, Chevron, ExxonMobil, Equinor, Shell, and TotalEnergies among those funding industry-backed scheme to accelerate efforts to curb emissions from oil and gas projectsSome of the biggest oil and gas firms operating in the UK have toda
Oil & Gas Trade
02-09-2024

Sembcorp Unit Inks Deal to Import Piped Natural Gas From Indonesia
Sembcorp said the deal will allow its piped natural gas supply to last beyond 2028 to meet the energy needs of its customers. PHOTO: SEMBCORP INDUSTRIESSembcorp Gas, a wholly owned subsidiary of Sembcorp Industries, has signed a gas sales agreement to imp
Oil&Gas Drilling
02-09-2024

US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS/File Photo Purchase Licensing RightsU.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row fo
Oil & Gas Trade
02-09-2024

Iraq Seeks U.S. Investment in Gas as New Projects Target Energy Independence
Iraq plans to offer 10 gas exploration blocks to U.S. companies during an upcoming visit by Oil Minister Hayan Abdel-Ghani to the United States, he announced on Saturday.The move is part of Baghdad's efforts to attract U.S. investment into its ene
Oil & Gas Trade
02-09-2024

Companies Submit $4 Billion Plan to Develop Cypriot Gas Field Aphrodite
The partners in the offshore Aphrodite natural gas field have submitted a plan to the Cypriot government to develop the project at a cost of about $4 billion, Israel's NewMed Energy (NWMDp.TA), opens new tab said on Sunday.NewMed said that togethe
Oil Price
02-09-2024

Oil Extends Losses on Prospect of Higher OPEC+ Supply
A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/ File Photo Purchase Licensing RightsOil prices extended losses on Monday with invest
Oil&Gas Drilling
31-08-2024

India’s BPCL Plans New Refining, Petchem Projects in Next 5-7 Yrs
A private security guard stands in front of the regional head office of oil refiner Bharat Petroleum Corp (BPCL) in Kolkata, India, November 28, 2019. REUTERS/Rupak De Chowdhuri/File Photo Purchase Licensing RightsIndia's Bharat Petroleum Corp (BP
Oil&Gas Drilling
31-08-2024

Seismic Work to Begin at Gas Fields Shared by Trinidad and Venezuela, Min Says
Trinidad's Energy Minister Stuart Young and Venezuela's Oil Minister Pedro Tellechea pose for a photograph while President Nicolas Maduro applauds during a signing ceremony, in Caracas, Venezuela July 24, 2024. Zurimar Campos/Miraflores Pa
Oil & Gas Trade
30-08-2024

Marathon Oil Secures Stockholder Approval for $22.5bn Merger With Conocophillips
Marathon Oil is being acquired by ConocoPhillips in an all-stock deal worth $22.5bn. (Credit: Marathon Petroleum Corporation)American petroleum company Marathon Oil has secured the necessary stockholder approval for its previously announced $22.5bn merger
Oil & Gas Trade
30-08-2024

ONEOK to Acquire Medallion and Controlling Stake in Enlink Midstream From Gip for $5.9bn
ONEOK to expand Permian Basin presence with $5.9bn acquisition of Medallion and EnLink. (Credit: Arul from Pixabay)ONEOK has agreed to acquire Medallion Midstream and a controlling interest in EnLink Midstream from Global Infrastructure Partners (GIP) in
Oil Price
29-08-2024

CFTC Fines Totalenergies Trading $48 Million for Attempted Market Manipulation
The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit Tessier/ File Photo Purchase Licensing RightsThe U.S. commodity markets regulator on

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UK Eases North Sea Oil and Gas Licensing for Existing Fields