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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

LNG
16-05-2024

Ships Queue at Freeport LNG Plant in Texas as Full Operations Resume
Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Purchase Licensing RightsLNG tankers began loadin
LNG
16-05-2024

China LNG Imports Could Hit Record Levels in 2024, Petrochina Official Says
Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsChina's liquefied natural gas imports could hit record levels in 2024, a Petr
Oil & Gas Trade
16-05-2024

Petrobras Shares Plunge as Brazil's Lula Swaps CEO, CFO
Brazil’s state-run oil company Petrobras Chief Executive Jean-Paul Prates attends an interview with Reuters in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo Moraes/File Photo Purchase Licensing RightsBrazil's Petrobras (PETR4.SA)
Oil&Gas Drilling
15-05-2024

Woodside Making Strides in Developing Deepwater Gas Project
Australian energy giant Woodside Energy has discussed the inroads made in the development of its deepwater natural gas field off the coast of Trinidad with the country’s Ministry of Energy and Energy Industries. The negotiations on fiscal terms
Oil&Gas Drilling
15-05-2024

Patterson-UTI Signs Term Sheet to Partner With ADNOC Drilling in the UAE
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national
Oil & Gas Trade
15-05-2024

Iraq and Honeywell Sign Deals to Support Iraq's Energy Growth
The Iraqi government and Iraq’s private sector and Honeywell have signed a number of Memoranda of Understandings (MoUs). The MoUs will strengthen Iraq’s infrastructure as the nation deals with a growing demand for energy and power.The
Oil & Gas Trade
15-05-2024

India Oil Demand Driven by Consumers Rather Than Industry: Kemp
India’s oil consumption increased by 3.7 million tonnes (4.8%) in the first four months of 2024 compared with the same period in 2023, according to data from the government’s Petroleum Planning and Analysis Cell.Increased domestic cons
Oil & Gas Trade
14-05-2024

Indonesia Offers Five Oil and Gas Blocks in First Auction for 2024
Indonesia has offered five onshore and offshore oil and gas blocks in its first tender for the year amid efforts to reverse an extended production decline.Indonesia used to be a net oil exporter but this has changed as natural depletion and insufficient n
Oil & Gas Trade
14-05-2024

Slovakia Lays Plans to Receive Gas From Azerbaijan
Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.Fico said the drop in Russi
Oil & Gas Trade
14-05-2024

Azerbaijan Boosts Gas Exports – Minister
Azerbaijan has increased gas exports by 2.7 percent in the first four months of 2024, as compared to the same period in 2023, the country’s energy minister Parviz Shahbazov wrote on X, Trend reports.In January-April 2024, 4.2 bcm of gas was expo
Oil & Gas Trade
14-05-2024

India Signs Landmark 10-Year Agreement to Manage Strategic Iranian Port of Chabahar
India has signed a landmark 10-year agreement to manage the strategic Iranian port of Chabahar — a significant move that will help it crank up trade with Central Asia and ensure safe and secure transportation of crude oil from Iran while bypassing maritim
LNG
14-05-2024

Gazprom Using FSRU Marshal Vasilevskiy as LNG Tanker, LSEG Data Shows
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov/File Photo Purchase Licensing RightsRussia's Gazprom (GAZP.MM), opens new tab is using a floating storage and regas
Oil & Gas Trade
14-05-2024

US Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoPurchase LicensingRightsU.S. oil output from top shale-producing regions will rise in June to its highest in six m
Oil & Gas Trade
14-05-2024

Kuwait Petroleum Renews Oil Supply Deal With China's Unipec Until 2033
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day of crude oil to China's Unipec, the trading arm of Asia's largest refiner Sinopec, until 2033, KPC said in a statement on Monday.
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

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