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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Crude Oil
28-07-2024

Motiva Plans to Restart Texas Fcc Over Weekend, Sources Say
Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day (bpd) Port Arthur, Texas, refinery as early as Saturday, people familiar with plant operations said.Motiva plans to finish re
Crude Oil
28-07-2024

Exclusive: Nigeria’s Dangote Refinery Is Reselling Crude, Sources Say
Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.Three of the sources said the reoffer was linked to technical problems at the refinery. A Dangote exec
Oil & Gas Trade
28-07-2024

Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production
A $120 million agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.Egypt's Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to
Oil & Gas Trade
28-07-2024

Libya’s NOC Denies It Is in Talks to Supply Crude Oil to Nigeria
Libya's National Oil Corporation (NOC) on Sunday denied holding negotiations to supply crude oil to a refinery in Nigeria.A senior executive with Nigeria's Dangote refinery told Reuters last week that it was in talks with Libya to secure c
Oil&Gas Drilling
27-07-2024

US Oil/Gas Rig Count Rises in July in Biggest Monthly Hike Since Nov 2022 - Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday.The o
Oil & Gas Trade
27-07-2024

Mexico’s Pemex Swings to $14 Bln Quarterly Loss on Lower Sales, Currency Losses
Mexico's state-owned oil company Pemex swung to a 256 billion peso ($14 billion) second-quarter net loss on Friday, red ink the energy giant chalked up to lower sales, a higher cost of sales and large currency exchange losses.The quarterly loss co
Oil & Gas Trade
26-07-2024

Exxon Mobil, CF Industries sign carbon capture and storage deal
Energy major Exxon Mobil (XOM.N), opens new tab said on Thursday it has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries (CF.N), opens new tab.Carbon capture is a process through which carbon dioxide (CO2) gene
Oil & Gas Trade
26-07-2024

Canada’s Pieridae Energy Shuts-in Production Amid Low Natgas Prices
Canadian energy company Pieridae Energy (PEA.TO), opens new tab said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day (boe/d) that flows to a third-party owned and operated facility, in response to low natural gas
Oil & Gas Trade
25-07-2024

Texas LNG and EQT Sign 20-Year Agreement for Gas Liquefaction Services
Texas LNG is a planned export facility in the Port of Brownsville, Texas. Credit: Nadja1/Shutterstock.Texas LNG Brownsville (Texas LNG), operated by Glenfarne Energy Transition, has finalised a 20-year tolling agreement with EQT.Texas LNG is a planned 4mt
RNG
25-07-2024

Viridi Energy Signs 20-Year Deal to Supply RNG to ÉNergi
Viridi will supply the RNG from plants in Brunswick, Marathon County and Bethlehem. Credit: Quality Stock Arts/Shutterstock.Viridi Energy, an RNG producer, has entered into a 20-year supply agreement with Énergir.The deal will see Viridi delive
Oil & Gas Trade
25-07-2024

With First FLNG Unit Online, US Player Gets Hold of $700 Million Loan to Build Second One
U.S. energy infrastructure player New Fortress Energy (NFE) has secured a $700 million loan to cover its construction costs for a second floating liquefied natural gas (FLNG) unit, which will join the first one at its LNG terminal in Altamira, Mexico.Alta
Oil & Gas Trade
25-07-2024

Totalenergies Q2 Earnings Fall 6% on Weaker Refined Products and Gas Sales
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
24-07-2024

Oil Prices Rise as US Crude and Fuel Inventories Seen Shrinking
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/file photo Purchase Licensing RightsFalling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while
Oil & Gas Trade
23-07-2024

Ocyan Bags $134M Petrobras Service Deal on Buzios Field
Brazilian offshore service provider Ocyan, part of US-based institutional investor EIG, has signed a contract with Petrobras reportedly worth around 750 million reais ($134m) for maintenance and maritime services in the Búzios field.The deal wi
Oil & Gas Trade
23-07-2024

Indonesia Seeks Russian Oil for the First Time in Years, Sources Say
A view of state-owned oil giant Pertamina's refinery unit IV in Cilacap, Central Java, Indonesia, January 13, 2016. REUTERS/Darren Whiteside/File Photo Purchase Licensing RightsIndonesian state-controlled refiner Pertamina has added Russian oil gr
Oil & Gas Trade
23-07-2024

Energean to Invest $1.2 Bln to Develop Israel Katlan Gas Project
A file photo of London-based Energean’s drill ship drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch/File Photo Purchase Licensing RightsEnergean (ENOG.L), opens new tab will
LNG
23-07-2024

Freeport LNG in Texas Resumes Exports as Gas Processing Ramps Up
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 RightsThe United States
Oil&Gas Drilling
23-07-2024

Equinor Picks Valaris for $500 Million Drilling in Brazil
The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo Purchase Licensing RightsEquinor (EQNR.OL), o
Oil & Gas Trade
23-07-2024

BP, PDVSA Rush to Complete Gas Deal Before Venezuela Election
The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsBritish oil and gas
Oil Pipeline
23-07-2024

Canada’s Trans Mountain Pipeline Weighs Debt Deal Ahead of Potential Sale, Bloomberg News Reports
A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024. REUTERS/Jennifer Gauthier/File Photo Purchase Lic
Oil & Gas Trade
23-07-2024

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 RightsE
Oil Field
23-07-2024

Archrock to Buy Natgas Compression Firm TOPs for $983 Mln
Energy infrastructure company Archrock (AROC.N), opens new tab said on Monday it would buy contract gas compression services provider Total Operations and Production Services (TOPS) for about $983 million in cash and stock from Apollo Global Management fu
Oil & Gas Trade
23-07-2024

Totalenergies Texas Refinery Returns to Normal Operation, Sources Say
A view shows a logo of TotalEnergies 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 RightsTotalEnergies' (TTEF
Oil & Gas Trade
23-07-2024

Woodside Energy Sees 4% Jump in Estimated Cost for Scarborough Project
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 Photo Purchase Licensing RightsAustralian oil and gas giant Woodside Energy (WDS.AX
LNG
22-07-2024

Hudong-Zhonghua Hands Over ‘World’s First’ River-Sea 14,000 Cbm LNG Bunkering Ship
Chinese shipbuilder Hudong-Zhonghua has named and delivered the 14,000 cubic meter (cbm) LNG bunkering vessel custom developed and designed to be deployed on the Yangtze River.Courtesy of Hudong-ZhonghuaThe vessel was named Huaihe Nengyuan Qihang and deli

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