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Natural Gas
Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
Oil & Gas Technology
28-03-2023
Meet the whole downstream chain at PRC Europe 2023
The questions of green energy availability in Europe, recycling technologies to improve recycling capabilities, and alternative fuels in transportation are brought up for discussions at the Petrochemical and Refining Congress: Europe 2023. The represe
Oil Field
27-03-2023
Production of Daqing Oilfield Tops 2.5B Tonnes
Daqing Oilfield, China's largest onshore oilfield, has produced over 2.5 billion tonnes of crude oil as of Sunday, said the oilfield, a subsidiary of the China National Petroleum Corporation.The oilfield, discovered in 1959, accounts for 36 percen
Crude Oil
27-03-2023
Turkey Stops KRG Ceyhan Crude Flows After Court Ruling
Turkey has formally told the Iraqi federal government that it has stopped pumping crude from the Iraqi Kurdistan region for loading at the Turkish port of Ceyhan, a source with knowledge of the matter tells Argus.The move comes after Baghdad was informed
Oil & Gas Trade
27-03-2023
Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration
A delegation from the Oil Ministry will travel to Turkey soon to meet energy officials to agree on new mechanismTurkey has said it will not export crude from Iraq's Kurdish region through its Ceyhan port without Baghdad's approval.Iraq sto
Oil Refinery
27-03-2023
Nigeria Struggles to Find Buyers Amid Strikes in French Refining Sector
France is one of the biggest buyers of Nigerian oilA view shows the Bonny oil terminal in the Niger delta in Nigeria. Between 20 and 25 shipments of Nigerian crude for April loading are still searching for buyers, according to four traders.Nigeria is stru
Oil & Gas Trade
27-03-2023
Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says
The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia exported 87.49 million tonnes of crude oil to China in 2022.Saudi Aramco, the world’s l
Saudi Arabia
27-03-2023
Saudi Aramco to Start Building China Refinery and Petrochemical Complex
project announced last year will be fully operational by 2026Saudi Aramco, Norinco Group and Panjin Xincheng Industrial Group will start construction of a refinery and petrochemical plant in north-east China. Photo: AramcoSaudi Aramco, the world&rsquo
LNG
24-03-2023
Höegh LNG Closes Acquisition of Coolco’s LNG Carrier
Höegh LNG, an owner and operator of floating LNG import terminals (FSRUs) and LNG carriers, has completed the acquisition of the 2013-built LNG carrier from Cool Company (CoolCo).Under the deal signed in February 2023, Höegh LNG agreed t
LNG
24-03-2023
Methanol-Ready Mein Schiff 7 Reaches Hull Assembly Stage
Finnish shipbuilding company Meyer Turku has started the hull assembly of the methanol-ready Mein Schiff 7, being built for TUI Cruises.Mein Schiff 7’s keel laying ceremony was celebrated on March 21, as the crane lowered the ship’s fi
LNG
24-03-2023
Germany’s Third Floating LNG Terminal Gears up for Regular Operation
Hoegh Gannet, a floating storage and regasification unit (FSRU) serving the Elbehafen LNG terminal in Brunsbüttel, Germany, has started supplying gas into the grid as regular operations are expected to commence in April.The Elbehafen LNG terminal
Oil Refinery
23-03-2023
The Petrochemical and Refining Congress: Europe 2023
PRC Europe 2023 is the annual B2B Congress which will be held for the 7th time. The Congress gathers the Downstream industry players that are not only making decisions to accelerate the Energy Transition and comply with COP26, but present real projects an
Natural Gas
23-03-2023
Handcuffed to Natural Gas Volatility
Can U.S. natural gas be two maddeningly contradictory things at the same time? The answer appears to be a resounding yes. The nation’s supply of natural gas has become both the crutch of the U.S. energy system and also an energy affordability an
Oil Price
23-03-2023
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierre Andurand of Andurand Capital said on Tuesday.Still, electric vehicles will eventually sap gasoline demand
Natural Gas
23-03-2023
Russia Announces Progress With China on the Power of Siberia 2 Gas Pipeline
Following talks in Moscow, Russia has announced progress with China on the proposed Power of Siberia 2 pipeline project, which will be able to deliver 50 bcm/year of natural gas to China and will run for 6,700 km across Russia, Mongolia and China (includi
Natural Gas
23-03-2023
Rosneft’s Natural Gas Output Rose by 15% In 2022 (Russia)
The Russian state-owned oil company Rosneft has released its 2022 results, posting a net profit of RUB813bn (US$10.5bn, -7.9% compared to 2021). The group produced 5.1 mboe/d of hydrocarbon in 2022 (+2.3%), including 74.4 bcm of natural gas (+15%). Rosnef
Oil Refinery
23-03-2023
NTPC, Indian Oil Partner to Develop Re Projects for Refineries
This will help meet the round-the-clock power requirement for IOCL Refineries.NTPC subsidiary, NTPC Green Energy Limited (NGEL), signed a joint venture deal with the Indian Oil Corporation (IOCL) to set up renewable energy projects to comply with the roun
Energy Technology
22-03-2023
Sulzer Successfully Starts up World’s Largest Pygas-To-Styrene Extraction Unit
Sulzer Chemtech (GTC Technology) has completed the start-up of the world’s largest facility for styrene extraction from pyrolysis gasoline (pygas) derived from naphtha cracking. Located in Zhejiang Petroleum & Chemical Co., Ltd.’s
Oil&Gas Drilling
21-03-2023
Japanese Firm Taking Over Country’s Only Offshore Drilling Contractor to Fortify Its Oil & Gas Business
Hakuryu-11 jack-up rig; Source: JDCJapan’s oil and gas player JX Nippon Oil & Gas Exploration Corporation is in the process of acquiring the country’s rig owner, Japan Drilling Co. (JDC), in a bid to strengthen its position in the
Oil & Gas Trade
21-03-2023
Venezuelan Oil Minister Resigns on Investigation
Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned oil company PdV."In virtue of the investigations that have started into serious acts o
Oil & Gas Trade
21-03-2023
IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future
The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says
Nord Stream
20-03-2023
Nord Stream Pipeline Blasts Stirred up Toxic Sediment
The explosions happened in a dumping ground for chemical warfare, but other contaminants proved most toxic to marine life.
Energy Security
20-03-2023
Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) vessel deployed on US supermajor Chevron’s Benchamas field offshore Thailand following
United Kingdom
20-03-2023
BP Ties up With PetroChina to Develop Ccus Cluster in Southern China
Hainan project will draw expertise from BP’s The Net Zero Teesside Power project in UK
Oil Refinery
17-03-2023
Jumbo-SAL-Alliance commences Basrah Refinery Upgrading Project shipments for JGC Corporation
The Jumbo-SAL-Alliance (JSA) has commenced its scope of work in the Basrah Refinery Upgrading Project for JGC Corporation. It is one of the largest projects ever undertaken by the Alliance. The Jumbo Javelin loaded the first of 19 transports at Dahej Indi
Oil & Gas Trade
17-03-2023
Russian Exports: Shipments Fall on Black Sea Storms, Druzhba
kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.China and India absorbed 85% of Russia’s seaborne crude shipments for the month, o
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UAE's ADNOC Closes Acquisition of 24.9% Stake in Austria's OMV
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MEG Energy Says Canada's Trans Mountain to Start Line Fill From April