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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
28-05-2024

New Petrobras CEO Pushes Offshore Oil Prospect as Matter of 'National Interest'
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsPetrobras' new chief executive said a basin in Brazil&am
Renewable Energy
27-05-2024

Pouyanne Reappointed as Totalenergies CEO
separation of the roles would be more conducive to negotiations on the company’s climate strategy. The separation of functions could improve dialogue with the board of directors on climate and transition issues and ensure a better balance of pow
LNG
27-05-2024

Thailand's Hin Kong Power Procures 0.2 MT/Year LNG From PTT
Thailand-based Hin Kong Power made its second short-term deal by securing 0.2 mt/year of LNG -- equivalent to three cargoes -- from PTT's trading business unit, according to a market source familiar with the matter."The cargoes will be source
Oil&Gas Drilling
27-05-2024

SLB, SUBSEA7, and Aker Solutions' JV Finds Work on $1 Billion North Sea Gas Project
OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions, and Subsea7, has tucked a new assignment under its belt for a project that aims to bolster gas infrastructure at a giant oil and natural gas field in the northern part of the North Sea, which
Oil Exploration
27-05-2024

Petrobras Taps Seatrium for Construction of $8.15 Billion FPSO Pair
Brazilian state-owned oil and gas giant Petrobras has hired Singapore-headquartered Seatrium Limited for the supply of two floating production, storage, and offloading (FPSO) units, which will be deployed at its fields in the pre-salt Santos Basin off the
Oil Field
27-05-2024

SUBSEA7's New Multibillion-Dollar UK Gig Brings It More Work in North Sea Oil & Gas Arena
Luxembourg-domiciled Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field that will be tied back to an existing floating production, storage, and offloading (FPSO) vessel working in the N
Oil Price
27-05-2024

Iran Plans to Raise Oil Output to 4 Million Barrels per Day, Tasnim Reports
A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani/File Photo Purchase Licensing RightsIran has approved a plan to raise its oil
Oil&Gas Drilling
25-05-2024

Totalenergies to Invest $600M to Boost E&P Activites in Congo in 2024
TotalEnergies has announced that it will invest $600 million to strengthen exploration and production activities in the Republic of Congo in 2024. The investment will be used to finance exploration and maintain production in the country’s deep o
Oil & Gas Trade
25-05-2024

Equinor to Boost Troll Gas Output With $1.1 Bln Investment
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 Drilling
25-05-2024

US Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks - Baker Hughes
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth t
Oil & Gas Trade
24-05-2024

Nigeria Targets $20BN Oil, Gas Investments – Lokpobiri
The Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri has revealed that about $16.6 billion investments had been committed to Nigeria’s oil and gas sector in the past one year.Lokpobiri who made this known in Abuja while providi
Gas Power Stations
24-05-2024

Plan for €150M Gas-Fired Power Station in Dublin Approved
Plans for a new 293MW power station in north Dublin have been approved by An Bord Pleanála despite objections from locals.The €150m power plant is being developed by Kilshane Energy, which is fronted by Northern Irish businessman Stuar
Oil Price
24-05-2024

Oil Slips for a Third Straight Day on Prospect of US Rates Staying High
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsOil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed of
LNG
24-05-2024

Petronas' Flagship Bintulu LNG Facility Resumes Full Operations
A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. Picture taken on April 27, 2022. REUTERS/Hasnoor Hussain/File Photo Purchase Licensing RightsMalaysian state-run Petronas said on Thursday its liquefied natural gas (LNG
Oil & Gas Trade
24-05-2024

Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
A general view of the headquarters of the Venezuelan oil company PDVSA in Caracas, Venezuela July 21, 2016./File Photo Purchase Licensing RightsThe U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezue
Oil & Gas Trade
24-05-2024

Spain's Repsol Receives US License for Venezuela Oil, Gas Projects -Sources
The logo of Repsol is seen at the entrance of Spain's first advanced second-generation biofuels plant under construction at Cartagena Industrial Complex, where Repsol plans to produce sustainable airjet fuel, in Cartagena, southeastern Spain, Marc
Oil & Gas Trade
24-05-2024

China's CNOOC Signs Oil Exploration, Production Contracts With Mozambique
Men wearing face masks walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo Purchase Licensing RightsState-run China National Offshore Oil Co (0883.HK), open
LNG
23-05-2024

Shell Sees Emerging Asian Markets Taking More of World's Growing LNG Supply
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsShell (SHEL.L), opens new tab e
Oil & Gas Trade
23-05-2024

ADNOC Makes Fourth Gas Foray Abroad With Mozambique Deal
An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. Picture taken May 14, 2018.REUTERS/Christopher Pike/File Photo Purchase Licensing RightsAbu Dhabi National Oil Company (ADNOC) has bought Galp's (GALP.LS),
Oil & Gas Trade
23-05-2024

Vivo Energy to Invest Over $550 Mln in South Africa, Minister Says
Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 billion rand ($550.79 million) in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday.The inve
Oil & Gas Trade
23-05-2024

BP Pauses Gas-Field Talks With Venezuela as License Expires
A sign is seen outside BP's North Sea Headquarters in Aberdeen, Scotland January 15, 2015. Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's mos
Oil & Gas Trade
23-05-2024

Energy Ministry: Russia Exceeded OPEC+ Quotas in April, Will Compensate
Russia exceeded its OPEC+ production quota in April for "technical reasons" and will soon present to the OPEC Secretariat its plan to compensate for the error, the Russian Energy Ministry said late on Wednesday."Russia is fully committed to
Oil&Gas Drilling
22-05-2024

Totalenergies Makes FID on Kaminho Deepwater Project in Angola
TotalEnergies will assist Sonangol EP in operating its new Sumbe research and development (R&D) centre. Credit: Igor Hotinsky/Shutterstock.com.TotalEnergies, in partnership with Petronas and Sonangol, has reached a final investment decision (FID) for
LNG
22-05-2024

After US Foray, ADNOC Makes Its Next Big International LNG Push With Mozambique Deal
Dubai: UAE energy company ADNOC has made its second major LNG focused overseas investment in recent days, by buying 10 per cent in the Area 4 concession of the Rovuma basin in Mozambique. The Mozambique acquisition will allow ADNOC to a share of the LNG p
Crude Oil
22-05-2024

Saudi Crown Prince Promises Stable Oil Supply to Japan
Saudi Crown Prince and Prime Minister Mohammed bin Salman meets with U.S. Secretary of State Antony Blinken at the Al Yamamah Palace in Riyadh, Saudi Arabia, April 29, 2024. REUTERS/Evelyn Hockstein/Pool/File Photo Purchase Licensing RightsSaudi Arabian C

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