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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
21-06-2024

Fulcrum LNG Named to Help Guyana Develop Its Natural Gas Resources
U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.The company's proposal was selected f
Oil&Gas Drilling
20-06-2024

Angola: Sonangol and Chevron Sign Contracts for Oil Exploration in Lower Congo
Sonangol and Cabinda Gulf Oil Company Limited (CABGOC), Chevron's subsidiary in Angola, on Tuesday in Luanda signed two 'Risk Services Contracts' for the concession of blocks 49 and 50, both in the Lower Congo Basin, considered a r
LNG
20-06-2024

Totalenergies, NNPC to Invest $550 Mln in Nigeria Gas Facility, Source Says
The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo Purchase Licensing RightsNigeria's state oil firm NNPC Ltd and TotalEnergies (TTEF.PA), opens new tab wi
LNG
20-06-2024

Qatarenergy, Exxon Seek to Remove Contractor From Texas Gas Project
The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File PhotoOwners of a $10-billion liquefied natural gas (LNG) project that has stalled with the bankruptcy of
LNG
19-06-2024

Vår Energi Enters Long-Term Gas Deal with VNG
Vår Energi will supply up to 5 Bcm to Germany’s VNG Handel & Vertrieb between 2024 and 2036.Their commercial arrangement started in the early 1990s.Vår Energi, which claims to be Norway’s second largest exporter
Oil&Gas Drilling
19-06-2024

FG Offers 17 New Oil Blocks for Bidding
The Federal Government, on Tuesday, announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria.Recall that some deep offshore blocks were recently put on offer for the 2022/23 mini-bid round and other block
Oil & Gas Supply
19-06-2024

Ivory Coast Expects Threefold Oil Output Increase by 2027
Ivory Coast's President Alassane Ouattara speaks during the parliament congress in Abidjan, Ivory Coast June 18, 2024. REUTERS/Luc Gnago Purchase Licensing RightsIvory Coast expects a more than threefold increase to its oil output by 2027, boosted
Oil & Gas Trade
18-06-2024

Venezuela Mulls Proposal to Extend PDVSA-Chevron Oil Joint Venture Through 2047
Boards outside PDVSA headquarters are pictured, during a news conference on the Chevron deal in Caracas, Venezuela, December 2, 2022. REUTERS/Leonardo Fernandez Viloria/File Photo Purchase Licensing RightsVenezuela's National Assembly on Monday be
Oil&Gas Drilling
17-06-2024

SUBSEA7 Awarded a Contract for the Bittern Field in the UK North Sea
Subsea7 S.A. has announced the award of a sizeable contract by Dana Petroleum (E&P) Limited, for the Bittern field development, located approximately 190 km east of Aberdeen in the UK Central North Sea, at a water depth of 90 m.Subsea7 S.A. has announ
Oil & Gas Supply
17-06-2024

Report: Russia Overtook US as Gas Supplier to Europe in May
A view shows gas wells at Bovanenkovo gas field owned by Gazprom on the Arctic Yamal peninsula, Russia. (File photo: Reuters)Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite th
Oil & Gas Trade
17-06-2024

US Ready to Reopen Oil Stockpile if Petrol Prices Surge Again, FT Reports
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo Purchase Licensing RightsThe Biden administration is ready to release more oi
Oil & Gas Trade
17-06-2024

UK's Sound Energy PLC Sells Moroccan Gas Assets to Managem
UK gas company Sound Energy PLC (SOU.L), opens new tab sold its subsidiary, Sound Energy Morocco East Limited, to Morocco's largest mining company, Managem, the two companies said on Friday.The transaction amounts to $45.2 million in total, Sound
Oil Field
16-06-2024

Iran to Sign Contracts Worth $2 BN Over Developing Oil Fields
TEHRAN, Jun. 16 (MNA) – CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr says that Iran is scheduled to sign over %2 billion worth of contracts to develop oil fields.Agreements would signed for the development of Changuleh an
Gas Power Stations
14-06-2024

Iltekno Installs First Gas Engine-Powered Cogeneration System in Uzbekistan
The project used a TCG 2032 genset that has 4,500 kilowatt electricity output.Turkish engineering, procurement, and construction contractor Iltekno announced it has built a cogeneration power plant based on gas engines in Uzbekistan.It was in 2019 when Il
Oil & Gas Trade
14-06-2024

Nextdecade, Saudi Aramco Sign 20-Year LNG Supply Deal
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. liquefied natural gas (LNG) provider NextDecade (NEXT.O), opens new tab has signed a non-binding ag
Oil & Gas Supply
14-06-2024

Russia's Oil Output Exceeded OPEC+ Quotas in May, Pledges to Meet Obligations
A view shows 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 Photo Purchase Licensing RightsRussia's energy ministry said on Thursday that its oil produc
LNG
14-06-2024

Ukraine Agrees on First LNG Supply Deal with US Company Venture Global
Model of LNG tanker and a rising stock graph is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsUkraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to
Oil&Gas Drilling
13-06-2024

Woodside's Sangomar Project Produces First Oil in Senegal
Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy (WDS.AX), opens new tab said on Tuesday, turning the West African nation into the world's newest oil producer.It marks the start of a new era for the
LNG
13-06-2024

ADNOC Awards $5.5 Bln of Contracts for Ruwais LNG Plant
Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo Purchase Licensing RightsState-owned Abu Dhabi National Oil Company (ADNOC) has awarded contracts wort
Oil Pipeline
13-06-2024

Trans Mountain Pipeline Running 80% Full, to Load 22 Oil Tankers in Vancouver
Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, as seen from Cates Park in North Vancouver, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo Purchase
Oil & Gas Trade
12-06-2024

Wood to Deliver Engineering Contract With Totalenergies in Iraq
Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project, part of the Gas Growth Integrated Project (GGIP) in Sout
LNG
12-06-2024

Nigeria's NNPC signs floating LNG deal with Golar LNG
Nigeria's state firm NNPC has signed an agreement with Golar LNG (GLNG.O), opens new tab to deploy a floating liquefied natural gas (LNG) vessel off the coast of its oil-rich Niger Delta, NNPC said on Tuesday.Nigeria, Africa's top oil prod
Oil&Gas Drilling
11-06-2024

Woodside Starts Production in Senegal's First Offshore Oil Development
The first phase of development involves production of up to 100,000 bpd.Woodside Energy Group Ltd. said Tuesday it has achieved maiden production in the Sangomar field, making it the first offshore petroleum development to go onstream in Senegal.Located 1
Oil & Gas Trade
11-06-2024

Algeria's Sonatrach, China's Sinopec Sign MoU to Expand Cooperation - Statement
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 25, 2019. Picture taken November 25, 2019. REUTERS/Ramzi Boudina/File Photo Purchase Licensing RightsAlgeria's state oil and gas firm Sonat
Oil & Gas Trade
11-06-2024

Malaysia Begins Diesel Subsidy Reforms, Prices to Rise by About 50% on Monday
A view of Kuala Lumpur's skyline in Malaysia May 30, 2023. REUTERS/Hasnoor Hussain/File Photo Purchase Licensing RightsDiesel fuel prices in much of Malaysia are set to rise by roughly 50% on Monday as the government begins shifting away from cost

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Most views from Oil & Gas

Turkmenistan Expands Oil Production at Uzynada Field

Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December

$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

Gastech 2023 - Shaping the future of energy

UK Eases North Sea Oil and Gas Licensing for Existing Fields