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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
21-08-2024

Quantum Capital to Acquire Caerus Oil and Gas Assets for $1.8 Bln
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Purchase Licensing RightsQuantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1
Oil & Gas Supply
21-08-2024

Ghana Begins Construction of $12 Bln Petroleum Hub
President Nana Addo Dankwa Akufo-Addo of Ghana speaks during a press conference during the Summit on Peace in Ukraine, in Stansstad, Switzerland, June 16, 2024. ALESSANDRO DELLA VALLE/Pool via REUTERS/File Photo Purchase Licensing RightsGhanaian President
Oil & Gas Trade
21-08-2024

Exclusive: Kuwait in Talks With Qatar for New 15-Year LNG Supply Deal From North Field
Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a new long-term supply of liquefied natural gas (LNG) to help meet rising demand for power generation in the Gulf Arab state, five trading and industry sources told Reuters.The deal woul
LNG
20-08-2024

As Legal Challenge for $12.5 Billion Gas Project Gets Dropped, First LNG Cargo on Track for 2026
Australia’s energy giant Woodside has struck a deal with the Australian Conservation Foundation (AFC) to ensure a two-year legal challenge, concerning a primary environmental approval for its giant energy project off the coast of Australia, will
Oil&Gas Drilling
20-08-2024

Shelf Drilling’s Backlog Reaches $2.1 Billion With 33 Out of 36 Rigs Busy With Work
UAE-headquartered offshore drilling contractor Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024. The rig owner’s 36-strong jack-up fleet has seen a lot of action during the quarter, as
Oil & Gas Trade
20-08-2024

Oil Producer APA Explores $1-Billion Sale of Permian Assets, Sources Say
An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightsAPA Corp (APA.O), opens new tab is exploring the sale of oil and gas drilling properties spread across
Oil & Gas Trade
20-08-2024

Poland’s Orlen Reaches One-Year Deal for 6 Mln Tons of Oil From BP
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsPolish state-owned refiner Orlen (PKN.WA), opens new tab will receive 6 metric tons of oil from British energ
LNG
19-08-2024

BW LPG to Acquire 12 Very Large Gas Carriers for More Than $1BN
The transaction significantly expands BW LPG’s fleet. (Credit: Lens Envy/ Flickr)BW LPG has announced the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings for a total of $1.05bn.The fleet being acquired includes
Oil&Gas Drilling
19-08-2024

US Government Allocates $775M for Orphaned Oil and Gas Well Cleanup
DOI’s new $775m funding aims to address orphaned oil and gas wells across 21 states. (Credit: U.S. Department of the Interior)The US Department of the Interior (DOI) has announced $775m in funding for 21 states to address orphaned oil and gas we
Oil & Gas Trade
19-08-2024

Spain’s Cepsa to Sell Liquefied Gas Unit in Iberia for $302 Mln
The logo of CEPSA is seen on the facade of a building at Cepsa Energy Park in San Roque, near Algeciras, southern Spain, December 1, 2022. REUTERS/Jon Nazca/File Photo Purchase Licensing RightsSpain's second-largest oil company Cepsa has agreed to
Oil&Gas Drilling
19-08-2024

US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
Drill pipe is seen on a drilling site in the Permian Basin oil and natural gas production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cuts oil and natural gas rigs for the
Oil&Gas Drilling
16-08-2024

Gulf of Thailand Development Starts Producing Oil
Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result of an efficient drilling program that was carried out below budget.The first three of the seven
Oil Exploration
16-08-2024

Shell to Increase Volume Capacity at Deepwater Field Thanks to Water Injection
Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken the final investment decision (FID) on a waterflood project at its U.S. Gulf of Mexico asset, which will enable water to be injected into the reservoir formation to displac
Oil&Gas Drilling
16-08-2024

DNO Norge Cleared to Drill Wildcat Well in North Sea off Norway
DNO Norge, a subsidiary of Norwegian oil and gas operator DNO, has been granted a drilling permit for a wellbore in the North Sea by the Norwegian Offshore Directorate.Nobe Invincible; Source: Noble DrillingThe permit concerns wellbore2/6-7 S in productio
Oil & Gas Trade
16-08-2024

Development plan for Exxon's seventh project in Guyana expected in Q1 2025
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 milli
Gas Pipeline
16-08-2024

Nigeria and Equatorial Guinea Sign Gas Pipeline Project
A file Photo of a gas pipeline near Nigeria's Port Harcourt. REUTERS/Akintunde Akinleye Purchase Licensing RightsNigeria and Equatorial Guinea have signed an agreement to establish and operate a gas pipeline, Nigerian presidential spokesperson Aju
Oil & Gas Trade
16-08-2024

Chevron to Pay $550 Million Settlement to Richmond, California
A Chevron gas station is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/ File Photo Purchase Licensing RightsChevron Corp (CVX.N), opens new tab is
Oil & Gas Supply
15-08-2024

US Plans to Slowly Replenish Strategic Petroleum Reserve Into 2025
A sign near the administrative offices and control room lists the current status of the Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Purchase Licensing Righ
Oil&Gas Drilling
15-08-2024

Iraq Initials 13 Exploration Deals as Seeks to Focus on Natural Gas
Iraq's Oil Minister Hayan Abdel-Ghani attends the fifth plus and sixth licensing rounds for 29 oil and gas exploration blocks at the Oil Ministry's headquarters in Baghdad, Iraq, May 11, 2024. REUTERS/Thaier Al-Sudani/ File Photo Purchase
Offshore Wind Power
15-08-2024

Equinor, Dominion Win US Central Atlantic Offshore Wind Auction
Equinor's logo is seen at the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo Purchase Licensing RightsNorway's Equinor (EQNR.OL), opens new tab and U.S. power company Dominion (D.N), o
Oil & Gas Trade
15-08-2024

Energy Producer Maverick’s Owner Explores Sale Valuing It at $3 Billion, Sources Say
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsThe private equity owner of Maverick Natural Resources is exploring a potential sale
Oil & Gas Trade
15-08-2024

Development Plan For Exxon’s Seventh Project in Guyanaexpected in Q1 2025
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 RightsA development plan for Guyana's seventh offshore oil
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

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