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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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&#
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
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Most views from Oil & Gas
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
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Baker Hughes to Supply Tech for Offshore LNG Project in Texas
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Equinor starts drilling major gas development in Brazil
4
Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
