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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
28-06-2024

Indian Oil to Boost LNG Portfolio to 20 Mln Tonnes by 2030, Exec Says
Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsIndian Oil (IOC.NS), opens new tab aims to increase its liquified natural gas portfolio to 20 millio
LNG
28-06-2024

Fulcrum LNG to Pair With McDermott, Baker Hughes for Guyana Gas Project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes (BKR.O), opens new tab and engineering firm McDermott (MCDIF.PK), opens new tab, the country's vic
LNG
28-06-2024

Exclusive: Russia's Novatek to Start Delivering Equipment for Arctic LNG 2's Next Phase in July
Participants walk past the stand of Novatek company during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo Purchase Licensing RightsRussian energy company Novatek (N
Oil & Gas Trade
27-06-2024

Gazprom Signs Memo With Iran on Russian Gas Supplies
The logo of Gazprom company is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsRussian energy giant Gazprom (GAZP.MM), opens new tab has
LNG
27-06-2024

Sempra Signs Non-binding Deal to Supply LNG to Aramco From Planned Texas Project
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsU.S. energy firm Sempra (SRE.N), opens new tab has signed a non-binding agreement with Saudi Aramco (222
Oil & Gas Trade
26-06-2024

Israel Approves Extra Gas Exports, Leviathan Field to Be Expanded
An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023. REUTERS/Amir Cohen/File Photo Purchase Licensing RightsIsrael on Wednesday approved the export of more
Oil Field
26-06-2024

Wood Wins Feed for UK Offshore Field Redevelopment
Wood wins FEED for UK offshore field redevelopmentCentrica's Rough field will be optimised for hydrogen storageConsulting and engineering company Wood has won the front-end engineering and design (FEED) contract for the redevelopment of by Cent
Oil & Gas Trade
26-06-2024

Guyana Selects Former Exxon Exec's Firm to Engage With Exxon in Gas Project
A man walks near Exxon Mobil Corp.'s headquarters in Georgetown, Guyana, June 29, 2023. REUTERS/Sabrina Valle/File Photo Purchase Licensing RightsA newly formed company headed by a former Exxon Mobil (XOM.N), opens new tab executive was selected t
Oil&Gas Drilling
26-06-2024

China's Bohai Oilfield Completes Drilling of 6,088-Meter Well
The Bohai Oilfield, China's largest offshore crude oil production base, has completed the drilling operations of a new 6,088-meter-deep well, the China National Offshore Oil Corporation (CNOOC) Tianjin branch said on Tuesday.The well, Bohai 19-6-D
Oil & Gas Trade
26-06-2024

Russian Oil and Gas Revenues Set to Rise by 50% Y/Y in June, Reuters Calculations Show
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk//File Photo Purchase Licensing RightsRussia's oil and gas revenue in June is set to rise by more than 50% year on year to $
LNG
26-06-2024

Finland's Gasum to End Russian LNG Imports in Line With EU Sanctions
Finland's Gasum, a key gas supplier to the Nordic region, will stop buying and importing Russian liquefied natural gas (LNG) in July in line with fresh European Union sanctions, the company said on Tuesday."Gasum complies with all sanctions i
Natural Gas
26-06-2024

Qatar Energy 2023 Profit Drops 32% as Gas Prices Cool
Qatar Energy on Tuesday reported 101.9 billion riyals ($27.96 billion) in net profit for 2023, down 32% from 2022 when gas prices surged following Russia's invasion of Ukraine.Qatar, already among the world's top exporters of liquefied nat
Oil Price
26-06-2024

Hedge Funds Rebuild Oil Position After OPEC⁺ Round Trip
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger//File Photo Purchase Licensing RightsPortfolio investors have rebuilt their position
Oil & Gas Trade
25-06-2024

Iran Inaugurates 17 New Oil, Refining, Petrochemical Projects
TEHRAN, Jun. 25 (MNA) – In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining, and petrochemical projects across seven provinces, with a total investment of over 180 trillio
Gas Pipeline
24-06-2024

OB3 Gas Pipeline Project to Facilitate 2.2b Gas
In yet another major step towards boosting nationwide gas supply to drive industrialisation and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.Group Chief Ex
Natural Gas
24-06-2024

Japanese Trading House Mitsui Buys Shale Gas Asset in Texas
Japanese trading house Mitsui & Co. Ltd bought a shale gas asset in Texas that it seeks to bring to full-scale development after 2026.Mitsui’s US-based subsidiary purchased the 46,500 acre asset named Tatonka in Texas from Sabana LLC and Van
Oil & Gas Supply
24-06-2024

Nigeria's Aiteo Resumes Production After Leak at 50,000 Bpd Oilfield
Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa state, the company said.Aiteo, which runs a joint venture with state oil company NNPC
Oil & Gas Trade
22-06-2024

Oil Majors Commit $127B to Latin America's Untapped Reserves
Amid the shifting energy landscape, international oil majors have committed a significant $127 billion to Latin America.Collectively, they plan to invest this amount in the region between 2015 and 2029. This investment strategy comes from findings in a Wo
LNG
22-06-2024

China's Wison New Energies to Quit Russian Projects in Blow to Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business, the company said in a LinkedIn post.The move will impact the sanctioned
Gas Power Stations
22-06-2024

Enchanted Rock Delivers 148 MW of Gas-Fired Power for California Water Districts
Turlock Irrigation District. Image credit California Ag Today/Fresco County Farm BureauMicrogrid developer Enchanted Rock is providing 148 MW of fast-response, dispatchable power through three gas-fired generators to the California Department of Water Res
Oil & Gas Trade
22-06-2024

India's May Oil Imports: Russia at Record High, Saudi Lowest in 10-Mth
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsIndia's oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd)
LNG
21-06-2024

Malaysia's Genting Signs $1.3 Billion Deal for Floating LNG Facility With Chinese Firm
(From left) Genting COO Tan Kong Han, Genting chairman and CEO Lim Kok Thay and Wison chairman Liu Hongjun at the press conference. PHOTO: THE BUSINESS TIMESGenting Berhad has signed a US$962.8 million (S$1.3 billion) deal for a floating liquefied natural
Renewable Energy
21-06-2024

Putin Says Russia Is Keen to Partner With Vietnam in Energy and Security
Russian President Vladimir Putin attends a Press briefing with Vietnamese President To Lam (not pictured), at the Presidential Palace in Hanoi, Vietnam, Thursday, June. 20, 2024. MINH HOANG/Pool via REUTERS Purchase Licensing RightsRussian President Vladi
Oil & Gas Trade
21-06-2024

Carlyle Creates New Med Oil and Gas Company With $945 Mln Energean Deal
A woman walks next to the logo for Carlyle at the company’s offices in New York City, U.S., June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/ File Photo Purchase Licensing RightsCarlyle (CG.O), opens new tab will form a new M
Crude Oil
21-06-2024

Oil Prices Rise on US Crude Draw; Jobs Data Feeds Rate Cut Hopes
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File photo Purchase Licensing RightsOil futures climbed on Thursday after the U.S. Energy Informat

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