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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
28-08-2024

SK Innovation and SK E&S to Merge Into APAC’s Largest Private Energy Company
The merger agreement was approved with 85.75% support from attending shareholders. Credit: Robert Way via Shutterstock.SK Innovation and SK E&S, two holding companies owned by Korean conglomerate SK Group, have reached a merger agreement, forming the
Oil & Gas Supply
28-08-2024

Norway Piped Gas Volume Could Rival Historic High This Year, Gassco Says
A gas pipeline is pictured at the new gas import terminal of Norway's company Gassco in Emden, Germany, May 24, 2016. REUTERS/Fabian Bimmer/File Photo Purchase Licensing RightsNorwegian pipeline gas exports to Europe could approach a 2017 historic
Oil & Gas Trade
28-08-2024

Exxon Looks to Sell Non-core Oil Assets in the US Permian Basin
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsTop U.S. oil company Exxon Mobil (XOM.N), opens new tab is l
Oil&Gas Drilling
27-08-2024

OMV Announces Gas Discovery in Norwegian Sea
OMV announces gas discovery in the Norwegian Sea. (Credit: Clyde Thomas on Unsplash)OMV (Norge) AS, operator of the PL 1194, completes the drilling operation in the Norwegian Sea targeting the Haydn/Monn exploration prospects. The well encountered gas wit
Oil & Gas Trade
27-08-2024

NNPC Begins Natural Gas Export to Japan, China
The Nigerian National Petroleum Company Limited has commenced shipment of Liquefied Natural Gas cargoes to Japan and China on a Delivered Ex-Ship basis.It said the move was in line with its strategic vision to be a dynamic and reliable global energy suppl
Oil & Gas Supply
27-08-2024

Exxon Forecasts 2050 Oil Demand to Match Today’s, 25% Above BP Estimate
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab said on Monday it expects
Oil & Gas Trade
27-08-2024

Equinor to Invest up to $6.7 Bln a Year in Oil and Gas off Norway Until 2035
A general view of the Equinor's Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo Purchase Licensing RightsEquinor (EQNR.OL), opens new tab plans to invest 60 billion-70 billion Norwegian
LNG
27-08-2024

Qatar Strikes Another 15-Year LNG Supply Deal with Kuwait
Model of LNG tanker is seen in front of Qatar's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsQatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of lique
Oil & Gas Supply
27-08-2024

Shell to Shut-in Portions of Louisiana Zydeco Oil Pipeline for Maintenance
Shell logo is seen in this illustration taken May 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsOil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to
Oil & Gas Trade
27-08-2024

Exxon Vessels Resume Full Oil Output in Guyana After Pipeline Work
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsAn Exxon Mobil (XOM.N), opens new tab consortium's crude output in Guyana has been fully restored at two float
Gas Turbine
26-08-2024

Mitsubishi Power Secures Landmark Gas Turbine and Services Order in Saudi Arabia
- This is Mitsubishi Power's first Saudi order for a J-class turbine, one of the world's leading gas turbines with efficiency above 64%- Powering the SATORP Strategic Expansion Industrial Steam and Electricity Cogeneration Plant in Jubail
Oil&Gas Drilling
26-08-2024

New Zealand to Push Through Law to Reverse Ban on Oil and Gas Exploration
A general view of the Marsden Point Oil Refinery, in Northland, New Zealand January 12, 2023. REUTERS/Lucy Craymer/File Photo Purchase Licensing RightsNew Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil a
Oil & Gas Trade
26-08-2024

Petronas Fires up Malaysian Offshore Gas Giant
The Kasawari CCS project under construction at Malaysia Marine and Heavy Engineering's Pasir Gudang yard in Johor, Malaysia.Photo: MMHEMalaysia’s national upstream company Petronas Carigali has brought on stream its Kasawari giant gas fi
Oil & Gas Trade
26-08-2024

Eni Wraps up $783M Sale of Nigerian Subsidiary NAOC to Oando
Oando completes acquisition of NAOC from Eni. (Credit: tzevena from Pixabay)Italian energy major Eni has completed the previously announced $783m sale of Nigerian Agip Oil Company (NAOC) to Oando, a Nigeria-based energy solutions provider.The deal, which
LNG
24-08-2024

Adnoc Gas Targets Europe and Asia for Spot LNGCargoes
Adnoc Gas supplies to customers in the Emirates, mostly utilities and industrial companies, through an extensive network of pipelines. Photo: AdnocAdnoc Gas will ship liquefied natural gas cargoes to Europe or Asia depending on which market offers more pr
Oil&Gas Drilling
24-08-2024

PETRONAS Achieves First Gas Production From Kasawari Field Offshore Malaysia
PETRONAS recently commenced its first gas production at the Kasawari field, located in Block SK316, approximately 200 km offshore Malaysia, at an initial flow rate of 200 MMcfd.Block SK316 is operated by PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), whic
Oil & Gas Trade
24-08-2024

South Sudan’s Nile Petroleum Assumes Control Over Former Petronas Oil and Gas Assets
South Sudan’s state-run Nile Petroleum Corp. took over oil fields and assets that belonged to a subsidiary of the Malaysian oil company Petroliam Nasional Berhad (PETRONAS).The changes come almost two weeks after the Malaysian conglomerate annou
Oil & Gas Trade
24-08-2024

Oil Tycoon Emmanuel Fritz Paret Acquires 150 Wells, 140 Million Barrels of Oil in Kentucky Reserve Deal
Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition includes 150 wells and an estimated 140 million barrels of oil, significantly strengthening Paret
Oil Exploration
24-08-2024

BP Electrifies 95% of Permian Wells, Boosts Production by 100,000 Barrels Daily
bp's U.S. onshore oil and gas division, bpx energy, has emerged as a leading player in the onshore sector, delivering some of the most productive and high-value wells in the United States.By modernizing its operations, bpx has positioned itself as
Norway
24-08-2024

OMV Makes “Significant” Gas Discovery in Norwegian Sea, Estimates up to 140 Million Barrels
OMV (Norge) AS, the operator of the PL 1194 license, announced a significant gas discovery in the Norwegian Sea. The well, drilled by the Transocean Norge rig, encountered estimated recoverable volumes between 30 million and 140 million barrels of oil equ
Oil&Gas Drilling
24-08-2024

Eni Gets Approval to Develop Two Major Gas Fields in Indonesia’s Kutei Basin
Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includes a 20-year extension for the Ganal and Rapak licenses.The Northern Hub project will integrate
Oil & Gas Trade
24-08-2024

Canada’s Gran Tierra Energy to Acquire British Oil, Gas Producer I3 Energy for $225 Million
Gran Tierra Energy has announced plans to acquire i3 Energy plc in a cash and share deal valued at $225 million.The transaction, which will be executed through a court-sanctioned scheme, involves Gran Tierra offering 10.43 pence in cash per i3 Energy shar
Oil&Gas Drilling
23-08-2024

Egypt Plans to Return Oil, Gas Production to Normal From 2025, PM Says
Egyptian Prime Minister Mostafa Madbouly attends a press conference during his visit to the the Rafah border crossing to enter Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in the city of Al-Arish, Sinai peninsul
Oil&Gas Drilling
23-08-2024

Mexico’s Pemex Gets Approval to up Investment in Deepwater Field Lakach by $400 Million
Signage of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purchase Licensing RightsMexico's hydrocarbon regulator approved on Thursday a request b
LNG
22-08-2024

Vietnam to Select Investor for $2.5 Bln Nghi Son LNG Power Plant by October
Authorities in Vietnam's Thanh Hoa province plan to select an investor through a bidding process by October to develop a $2.5 billion LNG-fired power plant, a provincial official said on Wednesday.The Nghi Son LNG Power Plant in the province&#

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