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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
29-02-2024

Totalenergies Inks 16-Year LNG Supply Deal with Sembcorp
French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreement (SPA) for the long-term LNG delivery to Sembcorp.Illustration; Source: TotalEnergiesSpecifica
LNG
29-02-2024

EPS Inks Deals for Four Ammonia Dual-Fuel Bulkers, Two LNG Dual-Fuel Tankers
Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in Shanghai for a total of six new environmentally friendly vessels.Courtesy of EPSOn February 28,
LNG
29-02-2024

Global LNG Demand Seen Rising in 2024 From China, Europe
Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/Files Purchase Licensing RightsGlobal liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in t
Oil & Gas Trade
29-02-2024

Pertamina to Intensify Exploration in Indonesia's East Amid Higher Oil, Gas Output Targets
Indonesia's state energy company Pertamina wants to intensify its exploration efforts in the country's eastern regions, a senior official said on Wednesday, as it targets higher oil and gas output in the coming years.The firm will also see
Oil Price
29-02-2024

Cuba Reschedules Five-Fold Retail Fuel Price Hike for March 1
People stand in line with their cars to fill up on fuel after Cuba's government put off a five-fold increase in gasoline prices planned for February 1 due to a cyberattack, according to Economy Vice Minister Mildrey Granadillo, in Havana, Cuba Jan
LNG
29-02-2024

BP Plans to Invest $1.5 Billion in Egypt Gas Projects
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing RightsBP (BP.L), opens new tab is preparing to invest about $1.5 billion to develop gas projects and
Oil & Gas Trade
29-02-2024

Russia's Novak Rules Out Diesel Export Ban
Deputy Prime Minister of Russia Alexander Novak walks at the Organisation of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo Purchase Licensing RightsRussian Deputy Minister Alexand
Natural Gas
28-02-2024

Bangladesh Raises Gas Prices for Power Plants
Bangladesh has raised gas prices for power plants by 0.75 taka ($0.0068) per unit to ease the subsidy burden, the energy ministry said on Tuesday, effective from this month.The move comes as the government is set to raise power tariffs from March.Under th
LNG
28-02-2024

Republic of Congo Debuts First Liquefied Natural Gas (LNG) Carrier, Paving the Way for Major Gas Exportation
The launch of the Republic of the Congo's first LNG carrier, emerging from the nation's premier Congo LNG Project, showcases the country's firm dedication to responsibly harnessing its natural resources and advancing towards a more
Coal Production
28-02-2024

China to Build Hydro and Gas, Upgrade Coal Fleet for a More Flexible Power System
Electrical pylons and power lines are seen in Yanqing district of Beijing, China December 17, 2021. REUTERS/Tingshu Wang/File Photo Purchase Licensing RightsChina's state planner has issued a strategy for the electric power system to more effectiv
Oil&Gas Drilling
28-02-2024

Mubadala Working on Expanding Gas Production at Malaysia's Pegaga Field -Exec
Mubadala Energy is working on expanding production capacity at the Pegaga gas field off the coast of Sarawak, Malaysia, Chief Operating Officer Stefano Raciti said on Tuesday."Gas demand is expected to peak ahead of 2040. At the same time, LNG (lique
Oil Price
28-02-2024

Oil Rises More Than $1/bbl as OPEC+ Mulls Extending Output Cuts
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew//File Photo Purchase Licensing RightsOil prices rose more than $1 a barrel on Tuesday
Oil & Gas Trade
28-02-2024

BP Asks US Regulators to Reject Venture Global's Permit Extension Request
The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsBP Plc on Tuesday u
Oil & Gas Trade
28-02-2024

Hess Says Pre-emption Provision Does Not Apply to Buyout Deal with Chevron
Hess logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsHess (HES.N), opens new tab said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion
LNG
28-02-2024

Woodside Energy Inks Long-Term LNG Supply Deal with South Korea
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsW
Oil & Gas Trade
27-02-2024

Totalenergies, Shell, Chevron Double Down on African Oil, Gas
Leading IOCs are affirming their commitment to African oil and gas – a positive indication for service providers, drilling contractors and the industry at-large. Speaking in Nigeria earlier this month, high-level representatives from TotalEnergi
Oil & Gas Trade
27-02-2024

Russia to Ban Gasoline Exports for 6 Months, RBC Daily Reports
Gasoline tank trucks are seen outside the Rosneft Achinsk oil refinery plant, one of the biggest Siberian fuel suppliers, near the town of Achinsk, some 188 km (117 miles) west of Krasnoyarsk, April 28, 2011. REUTERS/Ilya Naymushin Purchase Licensing Righ
LNG
27-02-2024

FSRU Reaches NFE's Barcarena LNG Terminal in Brazil
U.S. energy infrastructure company New Fortress Energy (NFE) has welcomed the floating storage and regasification unit (FSRU) Energos Celsius at its LNG terminal in Barcarena, Brazil.Courtesy of New Fortress EnergyNFE announced the arrival of Energos Cels
Oil & Gas Trade
27-02-2024

Israel Says Gas Exports to Egypt, Jordan Rose 25% in 2023
The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch Purchase Licensing Rights, opens new tabIsrael said on Monday that gas supplies to Egypt
Oil Price
27-02-2024

Oil Gains Over $1 on Possible Shipping Disruptions
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew/File Photo Purchase Licensing RightsOil prices gained on Monday as European diesel dem
Crude Oil
27-02-2024

Biden Administration Slowly Replenishes Strategic Oil Reserve
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File Photo Purchase Licensing RightsThe Biden administration is slowly replenishing th
Oil & Gas Trade
27-02-2024

Chevron, Exxon in Dispute Over Hess Stake in Guyana Oil Block
Hess logo is seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing RightsExxon Mobil Corp (XOM.N), opens new tab said on Monday it may preempt Chevron Corp's (CVX.N), opens new tab acquisition of a 3
LNG
27-02-2024

Venture Global LNG Says It Won't Provide Confidential Documents Unless Ordered
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 RightsVenture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA
Oil & Gas Trade
27-02-2024

Woodside Energy Annual Profit Drops 37% as Weak Prices Offset Higher Sales
Gastech 2023 participants gather at Australia's Woodside Energy's booth in Singapore September 7, 2023. REUTERS/Florence Tan/File Photo Purchase Licensing RightsAustralia's top oil and gas explorer Woodside Energy (WDS.AX), opens n
LNG
26-02-2024

Latest Round of US and UK Sanctions Takes Aim at Russia's Arctic LNG 2 Project
Photo of construction at Novatek’s Belokamenka assembly yard near Murmansk. (Source Novatek)The US and UK announced further sanctions against Russia´s Arctic LNG 2-project targeting ship construction in Russia and South Korea and Novat

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