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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
06-07-2024

Slim's Grupo Carso Inks Deal to Partner With Pemex on Lakach Natural Gas Project
The logo 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 RightsGrupo Carso, the Mexican holding company controlled by the family of M
Oil&Gas Drilling
05-07-2024

After Huge Investment, Totalenergies 'Ditching' SA Offshore Gas Finds for Namibia Coast
Growing concern is being reported about the future of domestic investment by foreign oil companies, with the blame squarely placed on government.Bloomberg News reports that TotalEnergies plans to exit its discoveries of gas-condensate offshore South Afric
LNG
04-07-2024

Eva Inaugurates First LNG Service Station in Peru
Energia de Valor Ambiental (EVA) has inaugurated the first liquefied natural gas (LNG) service station in Peru.The station is located at Mala in the province of Canete, next to the key country-connecting South Pan-American Highway. EVA was created by Lima
Oil & Gas Trade
04-07-2024

Aramco, ADNOC Reportedly Weighing Bids for Australia's Santos, but Analysts Sceptical
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsSaudi Aramco (2223.SE), opens new tab and Abu Dhabi National Oil Company (ADNOC) have been separately co
RNG
04-07-2024

Chesapeake Utilities Subsidiary Completes First Rng Injections From Full Circle Dairy Facility in Florida
Chesapeake Utilities Corporation on June 26 announced the first injections of renewable natural gas (RNG) at its Radio Avenue injection point in Yulee, Florida, from the Company’s RNG facility at Full Circle Dairy in Madison County. FPU Renewabl
Oil&Gas Drilling
04-07-2024

China's Sinopec Strikes Large Oil, Gas Flow at South China Sea Well
China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea, it said on Wednesday.The well, Hai-3, a rare slanted well with a drilling depth of 4,600 meters (2.86 miles), test
Oil Field
03-07-2024

Beacon Fires up US Offshore Oil Project
Kosmos Energy chief executive Andrew Inglish.Photo: KOSMOS ENERGYUS independent Beacon Offshore Energy has started oil production from its fast-tracked Winterfell project in the Green Canyon area of the US Gulf of Mexico from two development wells that we
Oil & Gas Trade
03-07-2024

Totalenergies to Exit Gas Field Offshore South Africa in Blow to Country
The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensin
Crude Oil
03-07-2024

Oil Prices Inch up on Large US Crude Stock Draw
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Purchase Licensing RightsOil prices edged higher in early Asian trade on
Oil & Gas Trade
03-07-2024

US Awards Contracts for 1 Mln Barrels of Gasoline Sale to Five Firms
Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Purchase Licensing RightThe U.S. Department of En
Oil&Gas Drilling
02-07-2024

Qazaqgaz, Chevron to Cooperate on Potential Geological Exploration at Kazakh Zhalibek Site
QazaqGaz national company and Chevron Corporation, through its subsidiary Chevron Munaigas Inc., signed a cooperation agreement on July 1 regarding potential geological exploration at the Zhalibek site in the Aktobe Region, near the Zhanazhol and Urikhtau
Oil & Gas Trade
02-07-2024

Egyptian Consortium to Import U.S. Shale Gas to Tackle Short Gas Supplies
One of Egypt's largest petrochemicals companies plans within a consortium to import U.S. shale gas to address a shortage in natural gas supplies that forced several chemicals factories to temporarily shut down twice in June.Sidi Kerir Petrochemica
Oil Price
02-07-2024

Brazil's Petrobras Hikes Jet Fuel Prices by 3.2%
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsBrazilian state-run oil giant Petrobras (PETR4.SA), opens new ta
Oil&Gas Drilling
02-07-2024

Saudi Arabia Announces Discovery of Seven Oil, Gas Deposits
Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.Saudi Energy Minister Prince Abdulaziz bin Salm
Oil & Gas Trade
01-07-2024

Turkiye Importing Iranian Oil After Four Years
Tehran, IRNA – A report by the statistical office of the European Union (Eurostat) suggests that Turkiye has imported oil from Iran for the first time in four years.The report also shows that two official members of the European Union also impor
Oil & Gas Supply
01-07-2024

Daily Gas Production at Sakarya Field Reaches 5.5 Million Cubic Meters
The daily natural gas production from the Sakarya field in the Black Sea has reached 5.5 million cubic meters, according to Energy and Natural Resources Minister Alparslan Bayraktar.The daily output in this field is expected to climb to 6 million cubic me
Oil&Gas Drilling
01-07-2024

Malaysia's Sabah State to Develop Oil, Gas Facilities With Gibson Shipbrokers
London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state.The oil and gas facilities wil
LNG
01-07-2024

China Completes Its Largest LNG Storage Base
A subsidiary of China National Offshore Oil Corporation (CNOOC) has completed the construction of China's largest LNG storage base, a move that aims to ensure energy security and support green growth in the Yangtze River economic belt.The base in
Oil&Gas Drilling
01-07-2024

Kinetico Energy Strikes Gas in South Africa
Kinetico Energy Ltd has reported successful further exploration at core hole 270-12C, revealing multiple gas-rich zones and confirming the potential for multi-field development. The drilling reached a depth of 742.9m and encountered gas-bearing sequences
Oil&Gas Drilling
01-07-2024

CNOOC Limited Brings On-Stream the First Green Design Oilfield in Offshore China
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the first green design oilfield in offshore China - Wushi 23-5 Oilfields Development Project has commenced production.The project
Oil Field
01-07-2024

Aramco Signs Over $25 Billion of Deals for Main Gas Network and Jafurah Gas Field
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsSaudi Arabia's state oil company Aramco (2223.SE), opens new tab has signed contracts worth more
Oil & Gas Trade
29-06-2024

Gazprom to Start Exports to China From Far East in 2027
FILE PHOTO: Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia 1 project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov/File PhotoRus
Oil Field
29-06-2024

Prax Group Replacing Totalenergies in Five West of Shetland Gas Fields
TotalEnergies' west of Shetland gas project encompasses the Laggan-Tormore offshore fields, the onshore Shetland Gas Plant, the Edradour and Glenlivet offshore fields and the appraisal of the Glendronach Field.TotalEnergies has agreed to sell its
Oil & Gas Trade
29-06-2024

Repsol Explores Sale of Minority Stake in South Texas Oil Assets, Sources Say
The logo of Repsol is seen near a fuel station in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo Purchase Licensing RightsSpanish oil major Repsol(REP.MC), opens new tab plans to sell a minority interest in its Eagle Ford shale assets in Sout
Oil&Gas Drilling
28-06-2024

Chinese Energy Heavyweight Flips the Production Switch on at Oil Project
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has put an oilfield development project in production mode.Illustration; Source: CNOOCThe start of production at the Enping 21-4 oilfield development project was enabled

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