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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
LNG
15-07-2024
Honeywell Splashes Out $1.81 Billion on LNG Business to Boost Energy Transition Offering
U.S.-based technology firm Honeywell has agreed to acquire the liquefied natural gas (LNG) process technology and equipment business from compatriot industrial gases supplier Air Products to be able to provide end-to-end services for global customers.LNG
Oil & Gas Trade
15-07-2024
ADNOC Gas Awards $550 Million Contracts to Expand UAE Gas Infrastructure
Approximately 70% of contract value to flow back into the UAE economy through ADNOC’s In-Country Value programme.Image Credit: ADNOC GasUAE’s ADNOC Gas plc announced Monday that it has awarded engineering, procurement and construction
Oil & Gas Trade
15-07-2024
Indian State Refiners in Talks for Long-Term Oil Import Deal with Russia, Govt Source Says
A worker rides a bicycle at the Bharat Petroleum Corporation Ltd. refinery in Mumbai April 24, 2008. REUTERS/Punit Paranjpe/File Photo Purchase Licensing RightIndia's state-run refiners are jointly negotiating a long-term oil import deal with Russ
Oil&Gas Drilling
15-07-2024
UK Reverses Oil Drilling Permission, Drops Coal Mine Defence After Court Ruling
A Union Jack flag flutters in the wind near Big Ben and Parliament in Parliament Square in London, Britain, March 29, 2024 REUTERS/Kevin Coombs/File photo Purchase Licensing RightsBritain has reversed a decision to grant permission for an oil drilling ope
Oil & Gas Trade
15-07-2024
US Natgas Prices Fall 3% to Two-Month Low on Big Storage Build, Rising Output
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 RightsU.S. natural gas futures
LNG
15-07-2024
Japan Builds Gas Markets in Asia to Boost LNG Trading, Energy Security
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo Purchase Licensing RightsJapanese companies foreseeing a growing surplus in stocks of liquefied
Oil Field
15-07-2024
Kuwait Announces ‘Giant’ Oil Discovery
Kuwait Petroleum Corporation (KPC) said on Sunday it had made a "giant" oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.KPC's CEO Sheikh Nawaf Saud Nasir Al
LNG
13-07-2024
ViệT Nam and Russia Deepen Collaboration in LNG and Nuclear Energy
LIQUID GAS: The Thị Vải LNG terminal is based in Phũ Mỹ Town of Bà Rịa Vũng Tàu Province. Russian President Vladimir Putin recently highlighted Russia's capability to both produce LNG in Việt Nam and supply it to the country.
LNG
12-07-2024
MISC Lines up Deal for LNG Carrier Newbuilds in South Korea
Malaysia’s top shipping line, MISC, has set out to order more LNG ships, with newbuilding slots reportedly reserved in South Korea.South Korean shipbuilding sources have linked Samsung Heavy Industries and MISC to a letter of intent for two 174,
Oil & Gas Trade
12-07-2024
ADNOC to Use AI-Driven Well-Control Solution at Offshore NASR Field
ADNOC has deployed RoboWell in its operations at the offshore NASR field. (Credit: ADNOC)ADNOC has deployed RoboWell, AIQ’s pioneering artificial intelligence (AI) autonomous well-control solution, in its operations at the offshore NASR field. T
Oil & Gas Trade
11-07-2024
EIA Sees Electricity Demand, Gas Prices Impacting US Fuel Mix This Year
US natural gas storage tanks. Credit: Anton Zubchevskyi via Shutterstock.Just-released forecasts from the US’s Energy Information Administration has predicted that in H2 2024, the country will produce more electricity from renewables and coal, w
Oil & Gas Trade
11-07-2024
Vietnam’s Gas Project Bags $832M in Japanese Loans
The Japan Bank for International Cooperation (JBIC) has signed financing deals worth $832m for the development of the Block B gas field that will be connected to thermal power facilities in the southwest area of Vietnam.In a statement, JBIC said it signed
Crude Oil
11-07-2024
Oil Prices Tick up as Crude, Gasoline Inventories Ease
FILE PHOTO: A view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo11 Jul 2024 08:39AMOil prices edged
LNG
11-07-2024
Australia’s Woodside Energy Inks Deal to Supply LNG to Taiwan
FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File PhotoAustralia's Woodside Energy has signed a deal with Taiwane
Oil & Gas Trade
10-07-2024
Largest Maine Natural Gas Provider Acquiring Second-Largest Supplier
Unitil Corp., the largest provider of natural gas in Maine, on July 9 said it has a deal to purchase Bangor Natural Gas Co., which has been the state’s No. 2 provider of the fuel.The Maine Public Utilities Commission, which still must approve th
Oil & Gas Trade
09-07-2024
Shell Awards Wood Prelude FlNG EPC Contract
Wood has won a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia.Wood CEO Ken Gilmartin said LNG
Gas Pipeline
08-07-2024
Iran to Build Gas Pipeline in Turkmenistan
Iranian companies will build a new gas pipeline with a length of 125 kilometers and three gas compressor stations on the territory of Turkmenistan, which are necessary to supply additional volumes of gas to Iran.Turkmenistan and Iran held negotiations on
Oil&Gas Drilling
08-07-2024
Totalenergies Books Shelf Drilling Rig for Work up to August 2026
TotalEnergies EP Denmark, a subsidiary of France’s TotalEnergies, has handed out a long-term deal to a jack-up rig owned by Shelf Drilling, an offshore drilling contractor. This rig has worked for the French oil major since October 2022 and will
LNG
08-07-2024
LNG Project Forging Ahead as Canada Gives Its Blessing
The government of Canada has greenlighted a project aiming to build a dock to supply trans-oceanic vessels with liquefied natural gas (LNG) at the Port of Vancouver.Illustration; Source: Tilbury PacificThe Tilbury Marine Jetty (TMJ), managed by Tilbury Je
LNG
08-07-2024
Ocean Yield's Foray Into LNG to Add $840 Million to Its Backlog
Norwegian shipowner Ocean Yield has revealed its intention to buy an interest in France’s Geogas LNG from infrastructure fund CVC DIF, which marks its first acquisition in the liquefied natural gas (LNG) segment.Illustration; Source: Ocean Yield
LNG
08-07-2024
20-Year FLNG Gig in South America Opening Doors to LNG Exporters' Club for Argentina
Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG has sealed a deal with Pan American Energy (PAE), a Latin American integrated energy company, for a multi-year use of a floating LNG (FLNG) vessel,
Oil & Gas Trade
06-07-2024
Petroleum Firms Announce $5 Billion Investment in Pakistan
A delegation of domestic and foreign petroleum and gas exploration and production companies met with Prime Minister Shehbaz Sharif in Islamabad, leading to them announcing a substantial investment of $5 billion in Pakistan over the next three years.The pr
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
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