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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
08-05-2024

Iran's Capacity to Move Oil Reliant on Malaysian Providers, US Official Says
Iranian 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 RightsThe United States sees Iran's capacity to move its oil as r
Oil & Gas Trade
08-05-2024

BP Eyes 2025 Fid for Tiber Oil Project in US Gulf of Mexico - Executive
An illuminated BP sign is seen at a petrol station in Chester-le-Street, Durham, Britain, September 23, 2021. REUTERS/Lee Smith/File Photo Purchase Licensing RightsBP (BP.L), opens new tab is considering a 2025 financial greenlight decision for its Tiber
Natural Gas
08-05-2024

US Natgas Output to Decline in 2024, While Demand Rises to Record High, Eia Says
An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightsU.S. natural gas production will decline in 2024 while demand will rise to
Oil & Gas Trade
08-05-2024

Energy Producers Santos, Repsol Explore Sale of Stakes in Alaska Oilfields, Sources Say
The logo of Repsol is seen near a fuel station in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo Purchase Licensing RightsOil and gas producers Santos (STO.AX), opens new tab and Repsol (REP.MC), opens new tab are exploring a sale of a minori
Oil & Gas Trade
08-05-2024

BP Profit Slides by 40% as Refinery Outage Offsets Higher Output
BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage offset increased oil and gas production.The London-based company held its dividend at 7.27 cen
Oil & Gas Trade
07-05-2024

BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts
BP (LON:BP) reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a U.S. refinery outage.The London-based company held its dividend steady at 7.27 cents per share
Oil and Gas Equipment
07-05-2024

Shell to Build Gas Distribution Infrastructure in Oyo, Signs 20-Year Deal
Shell Nigeria Gas (SNG) and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state.Under the agreement, SNG will build and operate the
Oil Field
07-05-2024

CNOOC Limited Announces Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project On-Stream
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production.The project is located in central Bohai
Oil & Gas Trade
07-05-2024

Exclusive: Shell in Talks to Sell Malaysia Fuel Stations to Saudi Aramco, Sources Say
A Shell Petroleum signage is pictured in Malaysia's southern city of Johor Bahru April 26, 2017. REUTERS/Edgar Su/File Photo Purchase Licensing RightsEnergy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its g
Natural Gas
07-05-2024

US Natgas Prices up 3% to 14-Week High on Rising Demand for LNG Feedgas
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019. REUTERS/Angus Mordant/File Photo Purchase Licensing RightsU.S. natural gas futures gained about 3% to a 14-week high on
Oil & Gas Trade
07-05-2024

Algeria to Cancel Gas Deliveries to Naturgy if Shares Sold to Another Company, Source Says
The logo of Spanish energy company "Naturgy" is seen in its headquarters in Madrid, Spain, April 16, 2024. REUTERS/Susana Vera/File Photo Purchase Licensing RightsAlgeria will cancel its deliveries of gas to Naturgy (NTGY.MC), opens new tab if t
Crude Oil
07-05-2024

US Has Sufficient Oil Supply Reserve to Address Any Supply Concerns, Biden Adviser Says
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Purchase Licensing RightsThe U.S. has suffic
Oil & Gas Trade
06-05-2024

Russia Plans to Pipe 35 Bcm of Gas to China via Kazakhstan, Tass Reports
Russia plans to send some 35 billion cubic metres (bcm) of natural gas per year to China via Kazakhstan, the TASS news agency reported on Saturday citing Kazakhstan's envoy to Russia, disclosing the potential volumes for the first time.Last year,
Oil&Gas Drilling
06-05-2024

Conocophillips Reaches First Oil at Norway’s Eldfisk North Ahead of Schedule
ConocoPhillips Skandinavia has announced successful first oil production at its Eldfisk North project in the Norwegian North Sea.Located in the Greater Ekofisk Area, ConocoPhillips said oil and gas resources from the project are being produced some weeks
Oil Price
06-05-2024

Oil Climbs After Saudi Arabia Hikes Prices
A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsOil futures climbed on Monday after
LNG
06-05-2024

Exclusive: China's Sinopec in Talks for Gas Offtake, Stake in Canada's Cedar LNG
A man looks at models displayed at the booth of Chinese oil company Sinopec during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo Purchase Licensing RightsChina's Sin
Oil&Gas Drilling
06-05-2024

Egyptian Oil & Gas Firm Books Jack-up Rig on 21-Month Drilling Gig in Gulf of Suez
ADES Holding Company, part of Saudi Arabia-headquartered oil and gas drilling services provider ADES Group, has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO), one of the Egyptian General Petroleu
Oil Pipeline
06-05-2024

Canada's Long-Delayed Trans Mountain Oil Pipeline Starts Operations
A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024. REUTERS/Jennifer Gauthier Purchase Licensing Righ
Oil & Gas Supply
06-05-2024

Abu Dhabi's ADNOC Says Oil Production Capacity Reaches 4.85 Million Bpd
A general view ADNOC Headquarters lit up in the colours of the Russian flag in solidarity with Russia after a deadly attack at a Moscow concert venue, in Abu Dhabi, United Arab Emirates, March 23, 2024. WAM/Handout via REUTERS/ File Photo Purchase Licensi
Oil & Gas Trade
06-05-2024

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit
Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose.The company said it
Oil & Gas Trade
06-05-2024

BP-ENI JV Signs Agreement for Namibia Offshore License
A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday.The agreement is Azule Energy's first investment in Namibia. A
LNG
06-05-2024

LNG Producer Cheniere's Export Volumes Fuel Core Profit Beat
The logo of Houston-based liquefied natural gas company Cheniere 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.S. liquefied natural gas pro
Oil & Gas Trade
06-05-2024

Exxon Mobil Completes $60 Billion Deal for Pioneer Natural
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 RightsExxon Mobil (XOM.N), opens new tab has closed its $60 billio
United States
06-05-2024

US Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up
The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo Purchase Licensing RightsThe start-up of LNG Canada, the country's first such export terminal, is likely to strai
Oil & Gas Trade
06-05-2024

British Regulator Awards More North Sea Oil and Gas Licences
Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.The licences are part of the third and final tranche of the North Sea Transition Authority

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