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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil&Gas Drilling
26-03-2024
OGDCLDiscovers Gas Reserves in Khyber-Pakhtunkhwa
Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) state-owned company, has discovered hydrocarbon reserves at Togh-02 well, located in Kohat, district, Khyber Pakhtunkhwa.The development
Oil & Gas Trade
26-03-2024
Petrochina's 2023 Net Income up 8.3% on Strong Fuel, Gas Sales
PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights.PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last
LNG
26-03-2024
Gazprom's Unit Buys Former Shell Stake in Sakhalin Energy for $1 Bln
A view shows the Gazprom logo installed on the roof of building in Saint Petersburg, Russia February 5, 2024. REUTERS/Anton Vaganov Purchase Licensing RightsKremlin-controlled energy giant Gazprom (GAZP.MM), opens new tab has acquired a 27.5% stake, forme
OPEC
26-03-2024
Exclusive: Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target
An employee inspects a well head in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo Purchase Licensing RightsRussia's government
Oil & Gas Trade
26-03-2024
China: Totalenergies and Sinopec Join Forces to Produce Sustainable Jet Fuel at a Sinopec's Refinery
TotalEnergies and China Petroleum and Chemical Corporation (SINOPEC) have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China.The planned unit, jointly owned by SI
LNG
26-03-2024
Credit Agricole Says It Will Not Fund Two Major LNG Projects
A Credit Agricole logo is seen outside a bank office in Nantes, France, February 13, 2024. REUTERS/Stephane Mahe/File Photo Purchase Licensing RightsCredit Agricole (CAGR.PA), opens new tab said on Monday that it would not provide financing to two major l
Oil&Gas Drilling
25-03-2024
US Natgas Rig Count Falls to Lowest Since January 2022 - Baker Hughes
Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. energy firms this week cut the number of natural gas rigs operating to the lowest lev
Natural Gas
25-03-2024
Woodside Seeks Better Terms to Develop Trinidad’s Calypso Gas Project
CEO of Woodside Energy Meg O'Neill speaks during an interview with Reuters during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024. REUTERS/Callaghan O'Hare/File Photo Purchase Licensing RightsAustralian oil and gas produc
Oil Pipeline
25-03-2024
Ecuador’s OCP Pipeline Halts Operations After Leak
Operations for Ecuador's privately operated OCP heavy crude pipeline were halted and transportation valves were shut following a leak, the company said on Saturday.OCP detected a leak in Napo province in central Ecuador and immediately activated i
Oil Pipeline
25-03-2024
A Year After Iraq-Turkey Pipeline Halt, No Progress to Resume Flows
A year after the closure of the Iraq-Turkey oil pipeline, the conduit that once handled about 0.5% of global oil supply is still stuck in limbo as legal and financial hurdles impede the resumption of flows, three sources told Reuters.About 450,000 barrels
Oil & Gas Trade
25-03-2024
Sinopec’s 2023 Net Income Falls 9.9% in ‘Complicated Environment'
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsChina Petroleum & C
Oil&Gas Drilling
22-03-2024
Five Killed in Fire at Perenco Oil Platform Offshore Gabon
Five people were killed and one is missing after a fire on Wednesday at a Perenco oil platform off the coast of Gabon, the Anglo-French oil company said in a statement on Thursday."Following the incident which took place yesterday at the Perenco Simb
Oil&Gas Drilling
22-03-2024
Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
Pemex's Deer Park, Texas, facility reported an oil spill into the Houston ship channel on Thursday, the refiner said in a community alert, adding it had isolated the site and deployed booms to contain the leak."The oil had reportedly overflow
Oil & Gas Trade
22-03-2024
Brazil Exploring Ways to Import Gas From Argentina’s Vaca Muerta Play, Energy Minister Says
Brazil is exploring ways to import natural gas from Argentina's massive Vaca Muerta formation, including the possible reversal of a pipeline now used for transporting Bolivian gas, as it looks to ease its gas deficit, Mines and Energy Minister Ale
LNG
22-03-2024
Sixteen Republican-Led US States Sue Federal Government Over Ban on LNG Permits
Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsSixteen Republican-led states on Thursday filed a lawsuit to challenge the federal governmen
Oil & Gas Trade
22-03-2024
Exxon Ahead of Schedule on Doubling LNG Portfolio, Exec Says
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil (XOM.N), opens new tab is ahead of schedule with its plan to double the size of its liquefied natural gas
LNG
21-03-2024
Freeport LNG Says Trains 1, 2 at Texas Facility Seen Shut Until May
Freeport LNG on Wednesday said its Train 2 liquefaction unit at the Texas plant has been shut down, while Train 1 will be taken down imminently as it expects inspections and any subsequent repairs at both the units to be completed by May."It was duri
Natural Gas
21-03-2024
Saudi Aramco Gas Output to Rise 60% by 2030 - Exec
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo Purchase Licensing RightsSaudi state energy giant Saudi Aramco will increase gas output by 60% by 2030, Aramco's E
Crude Oil
21-03-2024
US Crude and Gasoline Stockpiles Fall as Refining Ramps Up - EIA
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 RightsU.S. crude oil stoc
Oil&Gas Drilling
21-03-2024
Totalenergies Aims to Cut Methane Emissions From Oil Operations to Near Zero
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo/File
Oil&Gas Drilling
21-03-2024
Petrobras May Soon Move Drill Rig Out of Equatorial Margin
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Purchase Licensing RightsBrazil's state-run oil firm Petrobras (PETR4.SA), opens
Oil&Gas Drilling
21-03-2024
Suriname Presses Exxon, Totalenergies to Combine Gas Developments
Managing Director of Staatsolie Annand Jagesar poses for a portrait during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024. REUTERS/Callaghan O'Hare/File Photo Purchase Licensing RightsSuriname's state-owned oil company S
Oil&Gas Drilling
21-03-2024
Angola to Maintain Oil Output at 1.1. Million Bpd Through at Least 2027
Angola is producing about 1.1. million barrels per day of crude, similar to its level before it exited the Organization of the Petroleum Exporting Countries, and expects to maintain those volumes at least until 2027.Output at Africa's second-large
Oil & Gas Supply
20-03-2024
Shell to Close 1,000 Gas Stations to Focus on EV Charging Deployment
Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations.In its latest Energy Transition Strategy report, England-based Shell says it pl
Oil&Gas Drilling
20-03-2024
Kazakhstan’s Oil Reserves Reach 4.4 Billion Tons
Kazakhstan’s current oil reserves amounted to 4.4 billion tons as of the beginning of the year, said the Energy Ministry in an official response to Tengrinews on March 19.Photo credit: CNBCNearly 80% of all recoverable oil reserves come from 10
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1
Turkmenistan Expands Oil Production at Uzynada Field
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Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
3
$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
4
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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Gastech 2023 - Shaping the future of energy
6
UK Eases North Sea Oil and Gas Licensing for Existing Fields
