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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
13-05-2024

Adnoc Drilling Lands $1.7bn Contract for UAE's Energy Resources
Adnoc Drilling has been awarded, by Adnoc, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells.To service the
Crude Oil
13-05-2024

India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data
Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year e
Oil&Gas Drilling
13-05-2024

Exxonmobil Brings Qatarenergy on Board as Its New Partner in Two Exploration Blocks
Qatar’s state-owned energy giant QatarEnergy has sealed a deal with ExxonMobil, a U.S.-headquartered energy heavyweight, to enter two exploration blocks off the coast of Egypt.Map showing two exploration blocks in Egypt; Source: QatarEnergyThe f
Oil Field
13-05-2024

Subsea 7 Wins Additional Contract for Sakarya Gas Field Development Phase 2
Phase 2 of the project involves the development of an additional 26 wells, aimed at increasing production capacity by an extra 30MSm3/d, thereby enabling the Sakarya field to supply 30% of Turkey's natural gas requirementsSubsea 7 secures new cont
Oil&Gas Drilling
13-05-2024

NNPCE&P Ltd, Nosl Hit First Oil in OML 13 in Akwa Ibom
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), have a
Oil & Gas Trade
13-05-2024

Angola's Infrastructure to Support New Oil and Gas Development Ahead of 2025 Licensing Round
As part of the country’s six-year licensing round launched in 2019, Angola will open its next international tender in 2025. Currently, the National Oil, Gas & Biofuels Agency (ANPG) – the country’s national concessionaire
Oil&Gas Drilling
13-05-2024

Chinese Companies Win More Bids to Explore for Iraq Oil and Gas
China National Offshore Oil Corp (CNOOC) headquarters in Beijing. Photo: ReutersChinese companies won five more bids to explore Iraqi oil and gas fields, Iraq’s oil minister said on Sunday, as the Middle Eastern country’s hydrocarbon e
Oil&Gas Drilling
13-05-2024

Piping Gas for Greater Nigeria
Great things are silently happening in Nigeria. I refer to a recent newsclip on AIT TV station announcing the opening of three gas installations. According to the report, President Bola Tinubu is set to inaugurate three gas plants located in Kwale, Delta
Oil&Gas Drilling
11-05-2024

US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
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 a third week
Oil & Gas Trade
11-05-2024

Russia's Refined Oil Product Exports to Singapore to Hit Highest This Year in May, Traders Say
Russian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsRussia's exports of naphtha to Singapore are on track to ri
LNG Carrier
10-05-2024

Pertamina International Shipping (PIS) Welcomes 2 VLGC Tankers to Its Fleet, Takes Top-Tier Position in Asean LPG Transport
PT Pertamina International Shipping (PIS) is solidifying its position as a top-tier player in ASEAN LPG transport by acquiring two additional Very Large Gas Carriers (VLGCs), named VLGC Pertamina Gas Caspia and VLGC Pertamina Gas Dahlia.These new vessels
Oil & Gas Trade
10-05-2024

Citgo Petroleum Reports First Quarter Profit of $410 Million
PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo Purchase Licensing RightsU.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to
LNG
10-05-2024

Panama Canal in Talks With Us Lng Producers to Increase Transit
Administrator of the Panama Canal Authority Ricaurte Vasquez Morales gestures during an interview with Reuters, in Panama City, Panama, May 8, 2024. REUTERS/Aris Martinez Purchase Licensing Rights, opens new tabCompaniesThe Panama Canal is in talks with U
LNG Carrier
09-05-2024

Qatarenergy, Nakilat Sign Deal for Nine QC-Max LNG Vessels
Qatar Gas Transport Company Limited (Nakilat) has announced the signing of a long-term agreement to charter and operate nine QC-Max class LNG vessels, as part of QatarEnergy's programme to expand its fleet of LNG carriers.The agreement was signed
LNG
09-05-2024

Shell Gets Dutch Partner at One of UK's Three LNG Terminals
With a deal with the London-based infrastructure manager Ancala, the Netherlands-headquartered energy infrastructure player VTTI, owned by Vitol, IFM Investors, and ADNOC, has put the wheels into motion to join the UK-headquartered energy giant Shell in D
LNG
09-05-2024

Germany's EnBW Signs 15-Year LNG Supply Deal with ADNOC
Flags of German power supplier EnBW Energie Baden-Wuertemberg AG are pictured at the company's headquarters in Karlsruhe, March 17, 2015. REUTERS/Ralph Orlowski/ File Photo Purchase Licensing RightsGerman utility company EnBW said it has signed a
LNG
09-05-2024

Vietnam's Second LNG Terminal Starts Commissioning Phase, Operator Says
Vietnam has started the commissioning phase of its second liquefied natural gas (LNG) terminal and is on track to start commercial operations in September, the Singapore partner in the operating company said in a statement on Wednesday.The Cai Mep LNG ter
Gas Pipeline
09-05-2024

Canadian Utilities Plans C$2 Billion Alberta Natural Gas Pipeline
Canadian Utilities (CU.TO), opens new tab said on Wednesday it is developing a C$2 billion ($1.46 billion) natural gas pipeline project in Alberta to transport natural gas to a Dow (DOW.N), opens new tab petrochemicals plant and other industrial facilitie
Oil & Gas Supply
09-05-2024

Exxon Mobil's Liza Unity Fpso in Guyana Hit Peak Output of 252,000 Bpd, Executive Says
The logo of Exxon Mobil is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake Purchase Licensing RightsAn Exxon Mobil (XOM.N), opens new tab led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity produc
Oil Field
09-05-2024

Guyana's Cabinet Clears Oil Block Bid by Qatarenergy, Totalenergies, Petronas, Minister Says
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 RightsGuyana's cabinet has appr
Oil & Gas Supply
09-05-2024

Russia Cuts Oil Production by Less Than Agreed Last Month, Bloomberg Says
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File photo Purchase Licensing RightsRussia cut its crude oil production by less than p
LNG
09-05-2024

Turkey Signs Long-Term LNG Deal with Exxonmobil
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsTurkey's state gas grid operator BOTAS signed an LNG
Oil & Gas Trade
09-05-2024

Occidental Petroleum Says Crownrock Deal Could Close by August
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo Purchase Licensing RightsOccidental Petroleum (OXY.N), opens new tab hopes
LNG
09-05-2024

Australia Backs Long-Term Gas Exploration Despite 2050 Climate Goals
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsAustralia's resources minister said on Thursday she backs the long-term exploration of potential natural gas p
Oil & Gas Trade
08-05-2024

ADNOC Gas Reports $6 Billion Revenue in Q1 2024 With Significant Natural Gas Project Milestones
According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong increase in demand in the UAE, which saw overall sales volumes increase by 14% Y-o-Y.As a resu

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