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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Gas Power Stations
14-08-2024

Ukraine to purchase 16 gas engine power plants
An unrelated Rivne nuclear power plant in Ukraine. Credit: IrynaL via Shutterstock.Ukrnafta, Ukraine’s largest oil producer, has announced 16 tenders seeking to buy gas generator sets totalling 76.4MW in capacity, according to local media report
Oil Price
14-08-2024

Oil strengthens as fall estimated in US crude inventories
Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail global oil supplies.Brent crude futures rose 30 cents to $80.99 a
Oil & Gas Supply
13-08-2024

Nigeria’s dangote refinery, others seek 597,700 bpd of oil amid tight supply
Nigerian refineries including the Dangote Refinery have raised their domestic crude requirements for the second half of 2024 to 597,700 barrels per day from 483,000 bpd in the first half, the national oil regulator said, despite tight domestic supply.The
Oil & Gas Trade
13-08-2024

Tourmaline oil to acquire crew energy for $947 million
An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo Purchase Licensing RightsCanada's Tourmaline Oil (TOU.TO), opens new tab said on Monday it will acquire Crew Energy (CR.TO), opens
Oil & Gas Trade
13-08-2024

Chevron delivers industry first in ultra-high pressure oil field
A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder/File Photo Purchase Licensing RightsChevron (CVX.N), opens new tab has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico
Oil & Gas Supply
13-08-2024

US seeks 6 million barrels of oil for strategic petroleum reserve
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/ File Photo Purchase Licensing RightsThe U.S. is seekin
Oil & Gas Supply
13-08-2024

Bolivia swaps energy and hydrocarbons minister amid fuel crisis
Shopkeepers and members of unions protest over shortages of hard currency and petrol at gas stations, in Cochabamba, Bolivia August 12, 2024. REUTERS/Patricia Pinto Purchase Licensing RightsBolivian President Luis Arce on Monday tapped Alejandro Gallardo
Oil&Gas Drilling
12-08-2024

China-built largest international offshore oil platform delivered
A view of the heaviest international offshore oil and gas platform in Qingdao, east China's Shandong Province. /CMGThe heaviest international offshore oil and gas platform, built by China, weighing 17,000 tonnes, was officially delivered after 34
Oil & Gas Trade
12-08-2024

ADNOC gas revenues shoot past $9 billion for first-half 2024
ADNOC Gas delivers more than 60 per cent of the UAE's demand for gas. Higher population numbers and increased offtake from the industrial sector continues to power the ADNOC company's financials.ADNOC Gas has recorded revenues of $9 billio
Oil & Gas Trade
12-08-2024

Saudi crude oil exports to Chinaset to fall in September sources say
General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo Purchase Licensing RightsSaudi crude oil exports to China are set to fall in September to about 43 million barrel
Oil & Gas Trade
12-08-2024

Arthur eze’s oranto petroleum signs oil deal in Venezuela
Atlas Oranto Petroleum International Limited (AOPI), made up of Atlas Petroleum International Limited and Oranto Petroleum International Limited, an oil & gas firm with specialisation in oil drilling, has expanded its global reach with the signing of
Oil & Gas Trade
12-08-2024

Iran’s president nominates mohsen paknezhad as oil minister
Mohsen Paknezhad has been nominated on Sunday as Iran's oil minister by President Masoud Pezeshkian, Iran's parliament speaker announced live on the Student News Network.Paknezhad served as Deputy Minister of Oil for the supervision of hyd
Oil & Gas Trade
12-08-2024

Shell to invest in phase 2 of surat gas project in Australia
Shell (SHEL.L), opens new tab plans to invest in the second phase of development at joint venture Arrow Energy's Surat gas project in Queensland, Australia, the global energy giant said on Monday.The second phase of development will include up to
Oil & Gas Trade
10-08-2024

SBM Offshore Wins FSO Contract for Woodside’s Trion Oil Project
Woodside awards FSO contract for the Trion oil project to SBM Offshore. (Credit: SBM Offshore)SBM Offshore has been awarded a contract by Woodside Energy to construct and lease a floating storage and offloading (FSO) unit for the Trion oil project, locate
Oil&Gas Drilling
10-08-2024

US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks - Baker Hughes
A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September 19, 2019. REUTERS/Adria Malcolm/File Photo Purchase Licensing RightsU.S. energy firms this week adde
Oil & Gas Trade
09-08-2024

Malaysia’s Petronas Requests LNG Cargo Deferments, Sources Say
A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain/ File Photo Purchase Licensing RightsMalaysia's Petroliam Nasional Berhad (Petronas) has requested buyers defer some loadings of liquefie
LNG
08-08-2024

Petronas, Exxonmobil Eye Standalone Floating LNG Project After Latest Suriname Success
Jair Tjon and Tachana Dalger of Suriname carry their country's flag during the opening ceremony of the Pan American Games in October 2023.Photo: AP/SCANPIXMalaysia’s energy giant Petronas is considering a new standalone floating liquefie
Oil Field
08-08-2024

World’s 1st Large, Ultra-Shallow Gas Field in Ultra-Deep Waters Has Ogip of Over 100 Bln Cubic Meters
This undated photo provided by CNOOC shows the Lingshui 36-1 gas field in waters southeast of Hainan, China's southernmost island province. The original gas in place (OGIP) of the Lingshui 36-1 gas field -- the world's first large, ultra-s
Oil & Gas Trade
07-08-2024

Aramco to Buy Petrorabigh Stake for $700 Million From Sumitomo
A company logo sits on the side of a crude oil storage tank at the Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and
Oil & Gas Trade
07-08-2024

Osaka Gas, ADNOC Sign Initial Agreement for LNG Delivery
Japanese city gas provider Osaka Gas (9532.T), opens new tab said on Tuesday it had signed a long-term Heads of Agreement (HOA) with UAE's ADNOC (ADNOC.UL) for the delivery of up to 0.8 million metric tons per annum of liquefied natural gas (LNG)
Oil & Gas Trade
07-08-2024

Totalenergies to Sell 50% Stake in Pakistan Oil Marketing Firm to Gunvor Group
An employee of Total Parco gas station holding a nozzle as he prepares to fill fuel in a vehicle in Karachi, Pakistan April 2, 2019. REUTERS/Akhtar Soomro/File Photo Purchase Licensing RightsFrench oil major TotalEnergies (TTEF.PA), opens new tab has agre
Crude Oil
07-08-2024

EIA Sees Tighter US Oil Market for 2024, Lowers Price Outlook
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S.
Oil & Gas Trade
07-08-2024

Italy Clears VTTI’s Acquisition of 70% in Adriatic LNG, Sources Say
Italy won't use special powers designed to shield assets deemed of strategic value for the country in relation to Vitol-backed VTTI's acquisition of Adriatic LNG, Italy's biggest liquefied gas terminal, two sources with knowledge o
Oil & Gas Technology
06-08-2024

Mitsubishi Power Receives Gas and Steam Turbine Orders for 500MW Combined Cycle Power Plant in Sarawak, Malaysia
- Mitsubishi Power will supply a M701F gas turbine capable of 30% hydrogen co-firing to the 500MW GTCC facility, with planned operational commencement in 2027.- In addition to providing equipment, Mitsubishi Power has also been awarded a LTSA to support t
Natural Gas
06-08-2024

Brazil’s Petrobras Confirms Gas Discovery off Colombia
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsBrazilian state-run oil firm Petrobras (PETR4.SA), opens new tab

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Turkmenistan Expands Oil Production at Uzynada Field

Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December

$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

Gastech 2023 - Shaping the future of energy

UK Eases North Sea Oil and Gas Licensing for Existing Fields