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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
LNG
22-05-2024
Firm Building Qatarenergy-Exxon LNG Plant in Texas Files for Bankruptcy
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsThe lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy (QATPE.UL) and Exxon Mobil (XOM
Oil & Gas Trade
22-05-2024
First Canadian Oil Export Cargo From Expanded Trans Mountain Pipeline Set to Load
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 2
Oil & Gas Trade
22-05-2024
US to Close Northeast Gasoline Reserve With 1 Million-Barrel Sale
A person uses a petrol pump at a gas station as fuel prices surged in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing RightsPresident Joe Biden's administration will sell nearly 1 million barrels o
Oil&Gas Drilling
21-05-2024
FG, UAE Plan New Oil Exploration Deal
The Federal Government, on Monday, urged the United Arab Emirates to invest in the renewal and reconstruction of the more than 50-year-old oil pipelines in Nigeria, stressing that the facilities had outlived their lifespans.It also stated that Nigeria and
Oil and Gas Equipment
21-05-2024
OMV Petrom Commissions Largest Crude Oil Tank in Romania
OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform to ensure the smooth operation of the refinery in safe conditions and to ensure the fuel stocks necessary to supply the marke
LNG
21-05-2024
Train 2 Still Out of Action at Chevron's Gorgon LNG Project
Chevron's Gorgon LNG project on Barrow Island, Western Australia.Photo: CHEVRONUS supermajor Chevron has yet to restart operations at Train 2, one of the three trains at its flagship Gorgon liquefied natural gas project in Australia, after a mecha
Oil Field
21-05-2024
North Sea Energy Firms Look Beyond UK After Tax Squeeze
Aerial view of the Gullfaks C oil platform, North Sea, August 23, 2023. REUTERS/Nora Buli/File Photo Purchase Licensing RightNorth Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opp
LNG
21-05-2024
South Korean Petchem Firms Boost Cheaper LPG Use, Raise Output
A standing signboard showing the petrol (top 1.14 USD per litre) and diesel (middle 0.98 USD per litre) prices is seen in Seoul, South Korea, February 3, 2016. REUTERS/Kim Hong-Ji/File Photo Purchase Licensing RightsSouth Korean petrochemical producers ar
Oil & Gas Trade
21-05-2024
Saudi Arabia's Crude Exports Hit Nine-Month High in March
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsSaudi Arabia's crude oil exports rose for the second straight month in Mar
LNG
21-05-2024
UAE's ADNOC Buys Stake in Nextdecade's Rio Grande LNG Project
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 RightsAbu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in NextDec
Oil & Gas Trade
21-05-2024
Russia Suspends Ban on Gasoline Exports Until June 30, Government Says
A Russian state flag flies near a tower of the Kremlin behind trees in central Moscow, Russia September 21, 2022. REUTERS/Evgenia Novozhenina/File Photo Purchase Licensing RightsRussia's government on Monday suspended a ban on gasoline exports unt
Oil & Gas Trade
21-05-2024
Exclusive: Top U.S. Natural Gas Producer Chesapeake Energy Cuts Jobs
A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsChesapeake Energy (CHK.O), opens new tab, a t
Crude Oil
20-05-2024
Romania's Crude Oil Production Down 3.4pct in Q1 2024, Imports Drop 15.1pct (Statistics)
In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous year, according to data centralised by the National Institute of Statistics (INS).Imports of crud
Oil & Gas Trade
20-05-2024
Russia Is China's Top Oil Supplier for a 12th Month in April
Russia China’s top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices
Oil & Gas Trade
20-05-2024
Russia to Lift Gasoline Export Ban, RBC Reports
A view of the Rosneft Achinsk oil refinery plant, one of the biggest Siberian fuel suppliers, near the town of Achinsk, some 188 km (117 miles) west of Krasnoyarsk, April 28, 2011. REUTERS/Ilya Naymushin/File Photo Purchase Licensing RightsThe Russian gov
Oil & Gas Trade
20-05-2024
Landlocked Niger With China's Aid Starts Oil Exports With Pipeline to Benin
The government of the West African nation of Benin agreed to temporarily lift its blockade of Niger’s oil exports from its Port of Cotonou. While it represents a major advancement for the landlocked country’s ambitions, it is also seen
Oil&Gas Drilling
20-05-2024
Suriname's Oil Resources Seen Totaling Over 2 Bbbl, Wood Mackenzie Reports
Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mackenzie.Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are
Oil&Gas Drilling
20-05-2024
State Companies Plan to Extract 15 Cubic Meters of Gas and Two Million Tons of Oil This Year and Have Launched Seven New Gas Wells.
The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to gas production, oil production is also incre
Oil&Gas Drilling
20-05-2024
Saipem Secures $850 Million Award Offshore Angola From Eni-Led Joint Venture
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km of
Oil Pipeline
18-05-2024
Putin Says Oil Pipeline Could Run Alongside Planned New Gas Link to China
Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday.Putin, wrapping up a two-day visit to China, said he and his hosts had confirmed their interest in moving forward with the propose
Oil & Gas Trade
18-05-2024
Saudi Aramco Signs MoUs With US Firms Aeroseal, Spiritus and Rondo
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo Purchase Licensing RightsSaudi Aramco (2223.SE), opens new tab signed three memorandums of understanding (MOU) with U.S. c
Oil & Gas Trade
18-05-2024
Totalenergies Strikes Supply Deal with Dangote on Nigerian Refinery
The logo of French oil and gas company TotalEnergies is seen at a TotalEnergies gas station in Bugnicourt, France, October 8, 2022. REUTERS/Pascal Rossignol/File Photo Purchase Licensing RightsFrench energy major, TotalEnergies (TTEF.PA), opens new tab, h
Oil&Gas Drilling
17-05-2024
Asia's First Cylindrical FPSO Coming to Work on Chinese Oilfield
The loading operation of a floating production, storage, and offloading (FPSO) vessel, which is said to be independently designed and built by China as Asia’s first cylindrical FPSO, has been wrapped up by a semi-submersible heavy lift vessel. T
Oil & Gas Trade
17-05-2024
Pakistan, China Likely to Sign MoU on Petrochemical Refinery Next Month
During Prime Minister Shehbaz Sharif’s visit to Beijing in June, the governments of China and Pakistan are expected to sign a memorandum of understanding (MoU) on the crude-to-petrochemical refinery project, reported The News on Friday.A senior
Oil & Gas Supply
17-05-2024
Türkiye's Turkmenistan Gas Quest Through Geopolitical Gridlock
Türkiye’s energy minister and Azerbaijan’s economy minister signed a comprehensive deal on Tuesday on capacity expansion for several natural gas pipelines. Turkmenistan natural gas is critically important on a global scale to
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Most views from Oil & Gas
1
Turkmenistan Expands Oil Production at Uzynada Field
2
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
3
$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
4
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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Gastech 2023 - Shaping the future of energy
6
UK Eases North Sea Oil and Gas Licensing for Existing Fields
