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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

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
Oil & Gas Trade
06-05-2024

Occidental Explores Sale of Permian Assets Worth Over $1 Billion, Sources Say
The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2015 photo. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightOccidental Petroleum (OXY
Oil & Gas Trade
06-05-2024

Exxon to Take 18-24 Months to Hit Full Stride With Pioneer Purchase
ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab will take 18 to 24 months to achieve its full produ
Solar Power Plant
30-04-2024

Renewable Connections Solar and Battery Project Gets the Go-Ahead From North East Lincolnshire Council
The approval marks the 20th project consent granted to Renewable Connections since 2021. Image: Renewable Connections.North East Lincolnshire Council has given consent for a solar farm and battery project in the north-west of Waltham, North East Lincolnsh
Oil & Gas Supply
30-04-2024

India's Chennai Petroleum Sees Two Year Delay in Building New 180,000 Bpd Refinery
India's Chennai Petroleum Corp Ltd (CHPC.NS), opens new tab will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kuma
Oil & Gas Trade
30-04-2024

Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal
Oil and gas firm Diamondback Energy (FANG.O), opens new tab said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor.The U.S. antitrust regulator ha
Oil & Gas Trade
30-04-2024

Brazil's Petrobras First Quarter Oil Production Rises by 4.4%
A general view of the tanks of Brazil's state-run Petrobras oil company following the announcement of updated fuel prices at at the Brazilian oil company Petrobras in Brasilia, Brazil June 17, 2022. REUTERS/Ueslei Marcelino/File Photo Purchase Lic
Oil Field
29-04-2024

Perenco Plans to Revitalize Oil Fields Offshore Brazil Once It Takes Over Two Assets From Petrobras
Perenco Brazil, part of the Perenco Group, has unveiled a redevelopment plan for two oil assets in the Campos Basin off the coast of Brazil, which the firm will acquire from Petrobras, a Brazilian state-owned energy giant.Illustration; Source: PetrobrasPe
LNG
29-04-2024

Qatar Inks World's Largest Single Shipbuilding Order in China
Middle Eastern liquefied natural gas (LNG) producer QatarEnergy has signed a contract with China State Shipbuilding Corporation (CSSC) for the construction of 18 supersize LNG carriers.The newbuilds under the deal, which the Chinese shipbuilding conglomer
Oil & Gas Trade
29-04-2024

Bulgarian State-Owned Gas Company Makes Big Losses Due to Contract With Turkey
The contract between Bulgargaz and BOTASH provides for the reservation of 1.85 billion cubic metres (bcm) per year of capacity from Turkish LNG terminals to the Bulgarian border through the Trans-Balkan gas pipeline. [Shutterstock/Circlephoto]Bulgarian st
Oil&Gas Drilling
29-04-2024

BP Shuts Down Oil Production at Offshore Platform in Azerbaijan
UK-headquartered energy giant BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan to carry out planned maintenance works.Deepwater Gunashli platform; Source: BPThe production
Oil & Gas Trade
29-04-2024

Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo Purchase Licensing RightsFinancial details of Shell's (SHEL.L), opens new tab vast oil and gas trading business are some of t

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