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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Natural Gas
05-08-2024
Whitewater and Partners Take Fid on Blackcomb Natural Gas Pipeline Project
The Blackcomb natural gas pipeline project is expected to be operational in the second half of 2026. (Credit: Arul from Pixabay)WhiteWater, MPLX, and Enbridge, via their WPC joint venture (JV) have made a final investment decision with an affiliate of Tar
Oil Field
05-08-2024
BP and Iraq Agree to Explore Redevelopment in Kirkuk
BP and Iraq agree to explore redevelopment in Kirkuk. (Credit: BP p.l.c.)bp has signed a memorandum of understanding (MoU) with the Government of the Republic of Iraq to negotiate a material integrated redevelopment programme for the Kirkuk region, spanni
Oil & Gas Trade
05-08-2024
Occidental Completes $12BN Acquisition of Midland Basin Operator Crownrock
Occidental closes acquisition of CrownRock. (Credit: tzevena from Pixabay)Occidental has wrapped up the previously announced $12bn acquisition of US-based Midland Basin oil and gas producer CrownRock.Announced in December 2023, the cash and stock deal ena
Oil & Gas Trade
05-08-2024
This Year, Gas Production in Ukraine May Increase by 100-200 Million Cubic Meters.
Gross gas production in Ukraine in the first half of the year amounted to 9.4 billion cubic meters, and could grow by 100% by the end of the year. This would be 100-200 million cubic meters more than last year’s figure (18.7 billion cubic meters
LNG
05-08-2024
Exxonmobil, Qatarenergy Delay $10 Billion Golden Pass LNG Following Zachry Bankruptcy
Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy.The companies agreed other contractors could finish work on Gol
Oil & Gas Supply
03-08-2024
Russia’s August Western Port Oil Loadings to Rise 9% M/M, Sources Say
Model of natural gas pipeline and Lukoil logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo Purchase Licensing RightsRussia will increase oil exports via its western ports to 1.95 million barrels per day (bpd) in August, up by some 150,000 b
Oil & Gas Trade
03-08-2024
Chevron Reshuffles Top Ranks, Moving Headquarters to Texas
A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder/File Photo Purchase Licensing RightsU.S. oil company Chevron Corp (CVX.N), opens new tab said on Friday it was replacing several long-standing managers in a
Oil & Gas Trade
03-08-2024
BP, ADNOC Meet Cyprus Officials to Explore East Med Gas Investments
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsRepresentatives of BP and Abu Dhabi's state oil giant met Cypriot Energy Ministry officials on Friday
LNG
02-08-2024
Jebel Ali Port Welcomes Cosco Shipping’s LNG Dual-Fuel Roro Ship
UAE-based logistics giant DP World has welcomed COSCO Shipping’s liquefied natural gas (LNG) dual-fuel roll-on/roll-off (RoRo) ship Min Jiang Kou to Jebel Ali Port for the very first time.Jebel Ali PortThe LNG dual-fuel vessel, one of the larges
Oil & Gas Trade
02-08-2024
Azerbaijani Socar Launches Gas Exports to Slovenia
The State Oil Company of Azerbaijan (SOCAR) has launched gas exports to Slovenia, Trend reports via SOCAR's statement.SOCAR and Geoplin, the largest company in the Slovenian natural gas market, signed a Memorandum of Understanding on July 17 of th
Oil & Gas Trade
02-08-2024
Hess Shares Fall Most in 20 Months on Lengthy New Delay to Chevron Sale
Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Shares in U.S. oil producer Hess (HES.N), opens new tab suffered their largest daily percentage drop in 20 months on Thursday
Oil & Gas Trade
02-08-2024
Iraq and BP Plan to Develop Kirkuk Oil and Gas Fields, Iraqi PM’s Office Says
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsIraq has signed a preliminary agreement with Britain's BP (BP.L), opens new tab to develop the northe
Oil & Gas Trade
02-08-2024
Shell Beats Forecasts With $6.3 Bln Second Quarter Profit
An exhibition booth of Shell is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo Purchase Licensing RightsShell (SHEL.L), opens new tab reported second-quarter profit of
Oil & Gas Trade
31-07-2024
Viaro to Buy Shell, Exxon’s North Sea Assets
Independent British oil producer Viaro Energy said on Tuesday it would buy UK Southern North Sea assets owned by Shell (SHEL.L), opens new tab and Exxon Mobil (XOM.N), opens new tab.Reuters reported about the deal talks in May, citing sources and one of t
Oil & Gas Trade
31-07-2024
Canada’s TC Energy to Sell Gas Pipeline Stake to Indigenous Communities for $722 Million
Pipeline operator TC Energy (TRP.TO), opens new tab said on Tuesday it will sell a minority stake in its Canadian natural gas pipeline system to Indigenous communities for C$1 billion ($722.1 million) as part of a plan to reduce debt and fund investments.
Oil & Gas Trade
31-07-2024
BP Eyes 2029 Production Start-up for High-Pressure Kaskida Project in u.s. Gulf of Mexico
bp has taken a final investment decision on the Kaskida project in the U.S. Gulf of Mexico.Kaskida will be bp’s sixth hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80,000 bopd from six wells
LNG
30-07-2024
India’s Torrent Power Seeks 10-Year LNG Supply From 2027, Say Sources
India's Torrent Power (TOPO.NS), opens new tab has issued a tender seeking supplies of liquefied natural gas (LNG) over a period of 10 years, two industry sources said on Monday.The utility is seeking delivery of six cargoes per year from 2027. The te
LNG
30-07-2024
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet (bcf) of natural gas, LSEG data showed.Freeport is the United States' second-largest LNG exporter and one of the most-watched U.S. LNG export plant
Oil & Gas Trade
30-07-2024
Totalenergies Says Will Quit South African Offshore Gas Block
French oil major TotalEnergies (TTEF.PA), opens new tab said on Monday it would withdraw from an offshore natural gas block off South Africa's southern coast because developing the finds commercially would be too difficult.Earlier this month, Tota
Oil & Gas Trade
30-07-2024
US Buys 4.65 Million Barrels for Emergency Oil Stockpile
The U.S. Department of Energy said on Monday it had finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, for delivery to the Bayou Choctaw site in Louisiana during the last three months of the year.Exxon
Oil & Gas Trade
29-07-2024
Iran’s Non-oil Exports Rise Over $1.3 BN in 4 Months: Spox
The spokesman of Iran House of Industry, Mine and Trade said that the country’s export of non-oil commodities increased $1.350 billion in the first four months of this year 1403 in the Iranian calendar (started March 21, 2024).Iran exported $17.
Oil & Gas Trade
29-07-2024
Saudi Arabia’s Bahri Reports 15% Jump in Q2 Revenue on Year on Oil, Chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results
Crude Oil
28-07-2024
Motiva Plans to Restart Texas Fcc Over Weekend, Sources Say
Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day (bpd) Port Arthur, Texas, refinery as early as Saturday, people familiar with plant operations said.Motiva plans to finish re
Crude Oil
28-07-2024
Exclusive: Nigeria’s Dangote Refinery Is Reselling Crude, Sources Say
Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.Three of the sources said the reoffer was linked to technical problems at the refinery. A Dangote exec
Oil & Gas Trade
28-07-2024
Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production
A $120 million agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.Egypt's Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to
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Turkmenistan Expands Oil Production at Uzynada Field
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Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
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$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
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Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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Gastech 2023 - Shaping the future of energy
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UK Eases North Sea Oil and Gas Licensing for Existing Fields
