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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
03-06-2024

Petronas Signs Energy MoU With Sinopec
'The collaboration will focus on sustainable growth in the areas of commodity and specialty chemicals, crude oil and liquefied natural gas trading, lubricants, and digital solutions'.Malaysian’s Petroliam Nasional Bhd. (Petronas)
LNG
03-06-2024

JERA's Partial Stake in US LNG Project Going to JAPEX
Japan’s power generation company JERA, a joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, has decided to offload a partial interest in a liquefied natural gas (LN
Oil&Gas Drilling
03-06-2024

South Korea's Yoon Says Vast Amount of Oil, Gas Reserve Possible off East Coast
South Korean President Yoon Suk Yeol said on Monday he gave the green light to conduct exploration drilling of potentially vast oil and gas prospects that had been found off the country's east coast.The possibility of the area containing as much a
Oil & Gas Trade
03-06-2024

OPEC+ Extends Deep Oil Production Cuts Into 2025
Vienna, June 19, 2018. REUTERS/Leonhard Foeger Purchase Licensing RightsOPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising riv
Oil & Gas Trade
01-06-2024

Aramco Completes Acquisition of 40% Stake in Gas & Oil Pakistan
At the closing ceremony are GO CEO Khalid Riaz, sitting left, and Aramco Director of International Retail Nader Douhan, sitting right. Standing, from left, are GO board members Bilal Ansari and Shahzad Mubeen, Aramco Executive Vice President of Products &
LNG
31-05-2024

Woodside Gets $1 Bln in Funding for Scarborough LNG Project
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 RightsW
Oil & Gas Trade
31-05-2024

Brookfield Enters Deal to Buy France's Neoen for $6.6 Billion
Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing RightsCanada's Brookfield (BN.TO), opens new tab s
Gas Power Stations
31-05-2024

Nigeria's NNPC Plans to Expand Natural Gas Stations for Domestic Use
The new logo of the Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Purchase Licensing RightsNigeria's NNPC said it plans to build six compressed natural gas (CNG) serv
Gas Power Stations
31-05-2024

Vistra Plans to Add Up to 2,000 MW of Gas-Fueled Power Capacity in Texas
U.S. energy firm Vistra (VST.N), opens new tab on Thursday said it intends to add up to 2,000 megawatts of dispatchable, natural-gas-fueled power capacity in west, central, and north Texas to improve grid reliability.Vistra said the company intends to bui
Oil Pipeline
31-05-2024

Canada Increases Loan Guarantees for Trans Mountain Pipeline to C$19 Bln
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo P
LNG Carrier
30-05-2024

ADNOC L&S Places New LNG Carrier Contracts With South Korean Shipyards
Adnoc L&S has been on a busy fleet expansion mode. The latest contracts for LNG carriers represent a significant upscaling of its capacity. (Image used for illustrative purpose.)Image Credit: Gulf News ArchiveAn ADNOC entity has parked major contracts
Oil & Gas Trade
30-05-2024

Conocophillips to Buy Marathon Oil in $22.5 Bln Deal in Latest Energy Merger
The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photo Purchase Licensing RightsTop U
Oil & Gas Trade
30-05-2024

Mexico to Resume Oil Exports to Cuba After 3-Month Pause -Data
A tanker leaves Havana's bay, Cuba, September 9, 2023. REUTERS/Alexandre Meneghini/File Photo Purchase Licensing RightsMexico plans to resume oil shipments to Cuba after a three-month pause, shipping data showed on Wednesday, a move that could hel
Oil Field
30-05-2024

BP, Trinidad's NGC Receive US License for Gas Development With Venezuela
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 major B
Oil Price
29-05-2024

Preview Saudi Arabia May Cut July Oil Prices to Asia for First Time in 5 Months
General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/file photo Purchase Licensing RightsSaudi Arabia, the world's biggest oil exporter, may cut prices for most crude gr
LNG
29-05-2024

South Korea's KOMIPO and Vitol Extend Long-Term LNG Supply Contract
South Korea's Korea Middle Power Co (KOMIPO) and commodities trader Vitol (VITOLV.UL) on Tuesday agreed to extend an existing long-term liquefied natural gas (LNG) supply and purchase agreement, Vitol said.Under the extension agreement, Vitol will sup
Oil Pipeline
29-05-2024

Sudan Oil Pipeline Resumption Imminent, Says South Sudan Official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.The Petrodar pipeline, set up by a consortium including China's CNPC,
Oil & Gas Trade
29-05-2024

Energy Transfer Expands Permian Presence With $3.25 Bln WTG Midstream Buy
Energy Transfer (ET.N), opens new tab said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion, the latest acquisition in the midstream sector aimed at expanding transportation and processing network in the Permian Basin
Oil Field
29-05-2024

UK's Buzzard Oilfield Has Temporary Outage, CNOOC Says
The Buzzard oilfield in the North Sea is experiencing a temporary production outage, a spokesperson for operator CNOOC said on Tuesday, adding that there was no information on when the outage started and how long it would last.Buzzard, one of the largest
Oil & Gas Trade
29-05-2024

Hess Shareholders Sign off on $53 Billion Sale to Chevron
Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsHess (HES.N), opens new tab shareholders on Tuesday approved the proposed $53 billion merger with Chevron (CV
Oil Field
28-05-2024

Qatarenergy Announces Fid in 2nd Development Phase for Brazil's Field
QatarEnergy announces that the consortium partners in the Sepia joint venture have taken the final investment decision (FID) for the second development phase of the Sépia field, located in the prolific pre-salt Santos Basin, offshore Brazil.The
Oil & Gas Trade
28-05-2024

Centre Seeks Bids for Oil and Gas Fields in Mumbai Offshore, Coal Bed Methane Field in Bengal
India has offered two discovered oil and gas fields in Mumbai offshore and a coal bed methane field in Bengal for bidding under the category of discovered small fields (DSF).The Directorate-General of Hydrocarbons (DGH) has said the notice inviting offer
LNG
28-05-2024

Domestically-Developed Large LNG Carrier Launched in Dalian
This photo provided by Dalian Shipbuilding Industry Co., Ltd. (DSIC) shows a domestically developed liquefied natural gas (LNG) carrier with a payload capacity of 175,000 cubic meters being launched in Dalian, northeast China's Liaoning Province o
Oil & Gas Trade
28-05-2024

BP, EOG Resources in Talks to Jointly Develop Trinidad Gas Field
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 RightsOil major BP (BP.L)
Oil & Gas Trade
28-05-2024

BP, Shell and EOG Vie for Acreage in Trinidad's Oil and Gas Auction
The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Purchase Licensing RightsTrinidad and Tobago received six bids from BP (BP.L), opens

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