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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

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
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

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