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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Supply
22-07-2024

Nigeria’s Dangote Says Refinery Will Hit 550,000-Bpd Output This Year
A view of the newly-commissioned Dangote petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo Purchase Licensing RightsNigeria's Dangote refinery will hit production of 550,000 barrels per
Oil & Gas Trade
22-07-2024

Australia’s Woodside Energy to Buy US LNG Developer Tellurian for $1.2 Billion
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsA
Oil & Gas Trade
20-07-2024

Shell and Exxonmobil JV Cuts a Deal With Canadian Firm to Give up Its North Sea Oil & Gas Business for $180 Million
Canada’s Tenaz Energy, a public energy company focused on the acquisition and development of international oil and gas assets, has set the stage to become the second largest operator in the Dutch sector of the North Sea (DNS) by acquiring all of
Oil&Gas Drilling
20-07-2024

UK Player Gets Its Hands on One of ‘Largest Remaining Oil Resources’ Offshore Scotland
The UK regulator North Sea Transition Authority (NSTA) has formally awarded a license containing three blocks situated off the coast of Scotland to Parkmead Group.Illustration; Source: Parkmead GroupLicence P2634, situated in the North Sea’s Out
LNG
20-07-2024

First Production Marks New Milestone at World’s ‘Fastest Large-Scale LNG Project’
U.S. energy infrastructure player New Fortress Energy (NFE) has celebrated the first liquefied natural gas (LNG) production from its floating LNG (FLNG) facility, which is made up of three repurposed jack-up rigs off the coast of Altamira, Mexico.Altamira
Oil&Gas Drilling
20-07-2024

US Drillers Add Oil and Gas Rigs for Second Time in Three Weeks, Baker Hughes Says
An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. REUTERS/Etienne Laurent/File Photo Purchase Licensing RightsU.S. energy firms this week added oil and natural gas rigs for the second time in three weeks, ene
Oil&Gas Drilling
20-07-2024

Bolivia’s YPFB to Invest $400 Million to Drill at Latest Natural Gas Discovery
The logo of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is seen behind a worker at Mayaya Centro-X1, in Caranavi, Bolivia July 16, 2024. REUTERS/Claudia Morales/File Photo Purchase Licensing RightsBolivian state oil firm YPFB will spend
Oil & Gas Trade
20-07-2024

India ONGC to Pay Equinor $60 Mln for Stake in Caspian Sea Oil Assets
Cows graze next to an Oil and Natural Gas Corp's (ONGC) well in an oil field on the outskirts of Ahmedabad, India, September 8, 2016. Picture taken September 8, 2016. REUTERS/Amit Dave/File Photo Purchase Licensing RightsIndia ONGC Videsh has sign
Oil & Gas Trade
20-07-2024

Exclusive: Exxonmobil Selling Malaysia Oil and Gas Assets to Petronas, Sources Say
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsExxon Mobil Corp (XOM.N), opens new tab has agreed to sell its Malays
Oil&Gas Drilling
19-07-2024

Türkiye to Explore Oil and Gas off Somalia Coast
Türkiye has signed a deal with Somalia for hydrocarbon exploration in three blocks in the Somalian offshore.On July 18, Energy and Natural Resources Minister Alparslan Bayraktar attended the signing ceremony for the Hydrocarbon Exploration and Pr
Oil&Gas Drilling
18-07-2024

US Oil & Gas Player Bags 41 New Gulf of Mexico Blocks Close to Existing Deepwater Discoveries as It Gears up for Appraisal Ops
U.S.-headquartered privately-owned exploration and production company LLOG Exploration has added 41 deepwater blocks to its list of assets in the Gulf of Mexico, where it plans to spud an appraisal well this quarter.Illustration; Source: LLOGThe acquisiti
Oil&Gas Drilling
18-07-2024

Egypt to Invest $1.2bn in Drilling 110 Exploratory Wells
Egypt is planning to drill 110 exploratory wells with a $1.2 billion investment in the fiscal year 2024/2025 to enhance the country’s oil and gas production capabilities, according to a top official.In a meeting with a parliamentary committee re
RNG
18-07-2024

Chesapeake Utilities Receives Approval for New Infrastructure to Support 3 RNG Projects in Florida
Chesapeake Utilities Corp. on July 16 announced that its subsidiary, Peninsula Pipeline Co., received approval from the Florida Public Service Commission for three projects that expand natural gas infrastructure to benefit customers of Florida City Gas (F
Oil & Gas Trade
18-07-2024

Iran to Receive 300 MCM of Russian Gas Daily
Iran will receive 300 million cubic metres of Russian gas daily, the official IRNA news agency reported Iran's oil minister Javad Owji as saying on Wednesday.Russian energy giant Gazprom signed a memorandum in June with the National Iranian Gas Co
Crude Oil
18-07-2024

Oil Prices Rise on Bigger-Than-Expected Drop in Us Crude Stocks
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsOil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decl
Oil & Gas Trade
18-07-2024

Exxon's Joliet refinery units down for a week, plans for restart in late July, IIR says
The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsExxon Mobil's (XOM.N), opens new tab 251,800-barrel-per-day refin
Oil & Gas Trade
18-07-2024

US Imports of Canadian Crude Hits Record High Following Tmx Startup
A tanker truck used to haul oil products operates at an oil facility near Brooks, Alberta, Canada April 18, 2018. Picture taken April 18, 2018. REUTERS/Todd Korol/File Photo Purchase Licensing RightsU.S. imports of crude oil from Canada rose last week to
Gas Pipeline
17-07-2024

Kazakhstan Plans to Increase Gas Transit to Uzbekistan, Kyrgyzstan and China
Kazakhstan plans to increase the transit of Russian gas to Uzbekistan and Kyrgyzstan, as well as the transit of Turkmen and Uzbek gas to China this year, Vlast.kz reports, citing Minister of Energy of Kazakhstan Almasadam Satkaliyev."The transit of R
LNG
17-07-2024

Samsung Heavy Industries Books French Player for Work on Canada’s $4 Billion FLNG Project
France’s technological containment specialist Gaztransport & Technigaz (GTT) has picked up a new order from South Korea’s Samsung Heavy Industries (SHI) shipyard, which will enable it to provide the tank design of a new floating li
Oil & Gas Supply
17-07-2024

Totalenergies Says Oil Production to Hit High End of Q2 Guidance
A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo Purchase Licensing RightsFrench oil major TotalEnergies (T
Crude Oil
17-07-2024

Energy Transfer, Sunoco Form Joint Venture of Permian Crude Businesses
File photo: Trading information for Sunoco is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2016. REUTERS/Brendan McDermid/File photo Purchase Licensing RightsU.S. pipelin
Crude Oil
17-07-2024

Exxon Shut Joliet, Illinois, Refinery After Power Outage
The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab shut down its 251,800-barrel-per-day r
Gas Power Stations
16-07-2024

Kazakhstan to Build Four Gas Processing Plants
Photo credit: primeminister.kzAccording to the Minister of Energy of the Republic of Kazakhstan, Almassadam Satkaliyev, four gas processing plants are scheduled to be constructed between 2026 and 2030, Kazinform News Agency.The plants will be built using
Oil & Gas Trade
16-07-2024

Turkmenistan, Iran Agree to Swap Gas Supplies to Iraq
Turkmenistan and Iran have signed a contract to swap supplies of Turkmen gas for Iraq, Trend reports.According to the Ministry of Foreign Affairs of Turkmenistan, this agreement was reached during the ongoing negotiations on July 1–3, 2024, in A
Oil&Gas Drilling
16-07-2024

China’s CNOOC Reports Major Oil and Gas Breakthrough in Bohai Bay
The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo Purchase Licensing Rights, opens new ta

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UK Eases North Sea Oil and Gas Licensing for Existing Fields