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LNG
Stena Bulk Bids Farewell to Its Last LNG Tanker
Oil&Gas Drilling
07-03-2024
Chevron Restarts Drilling in Key Venezuela Oil Field
A Petroleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Wednesday, Nov. 15, 2023. A decision by the US on Oct. 18 to ease sanctions in exchange for greater political freedom in Venezuela, has opened the do
Oil & Gas Trade
07-03-2024
Russian Court Warns Czech net4gas of $122 Mln Fine Over Gazprom Lawsuit
A view shows the Orenburg gas processing plant of Gazprom in the Orenburg Region, Russia Septeember 6, 2022. REUTERS/Alexander Manzyuk/File Photo Purchase Licensing RightsA Russian court said on Wednesday Czech firm Net4Gas (N4G) would have to pay a fine
Oil&Gas Drilling
07-03-2024
Dutch Lawmakers Indicate Support to Permanently Shutter Groningen Gas Wells
A majority in the Dutch parliament said on Wednesday they would back a proposal to permanently seal off gas production wells at the Dutch Groningen field in a vote scheduled for March 12.Gas production at Groningen, once one of Europe's largest ga
Oil & Gas Trade
07-03-2024
UK's Hunt Extends Energy Windfall Tax by One Year to 2029
British Chancellor Jeremy Hunt speaks to members of the media during a visit to a builders warehouse in London, Britain, March 6, 2024. Kirsty Wigglesworth/Pool via REUTERS Purchase Licensing RightsBritish finance minister Jeremy Hunt said on Wednesday he
Oil Pipeline
07-03-2024
Enbridge to Spend $500 Million on Pipeline Network, Raises Profit Targets
Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsNorth American pipeline operator Enbridge (ENB.TO), opens new tab raised its short-term profit growth foreca
Oil Price
07-03-2024
Oil Prices up 1% on Small Build in US Crude Stocks, Fed Rate Cut Remarks
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant//File Photo Purchase Licensing RightsOil prices edged up about 1% on Wednesday on a smaller-than-expected build in U.S. crude inve
Natural Gas
07-03-2024
Exclusive: Mexico's Pemex, Carlos Slim Team Met to Discuss Deepwater Gas Project, Sources Say
Mexican billionaire Carlos Slim hosts a press conference, in Mexico City, Mexico, February 12, 2024. REUTERS/Henry Romero/ File Photo Purchase Licensing RightsMexican state energy company Pemex and billionaire investor Carlos Slim's team are discu
Oil & Gas Trade
07-03-2024
Exxon Signals Potential Counter Offer for Hess's Guyana Assets
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing RightsExxon Mobil Corp (XOM.N), opens new tab on Wednesday said it filed a contract arbitration claim related to Hess Corp&
Oil & Gas Trade
07-03-2024
US Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers
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 RightsNearly 50 Democrats in the U.S. Congress on Wedne
Oil & Gas Trade
06-03-2024
Nigeria's Dangote Wants to Set up Trading Arm for Lagos Mega Refinery
Aliko Dangote, Founder and Chief Executive Officer of the Dangote Group, speaks during the commissioning of Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria, May 22, 2023. REUTERS/Temilade Adelaja/File Photo Purchase Licensing RightsAfrica
Oil&Gas Drilling
06-03-2024
Bangladesh to Invite Bids for Offshore Oil and Gas Exploration
Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been ba
LNG
06-03-2024
Exclusive: Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets, Sources Say
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Purchase Licensing RightsSingapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of
Oil&Gas Drilling
06-03-2024
Canadian Oil Producer Cenovus to Boost Production 19% in Five Years
Cenovus Energy (CVE.TO), opens new tab, Canada’s third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands.Canada’s heavy oil se
Oil&Gas Drilling
06-03-2024
Netherlands Won't Permit Gas Drilling in Sensitive Wadden Sea, Government Says
A person walks on ice on the Wadden Sea during the low tide near the island of Schiermonnikoog, the Netherlands, February 28, 2018. REUTERS/Cris Toala Olivares/File Photo Purchase Licensing RightsThe Netherlands will not permit companies to drill for gas
Oil & Gas Trade
06-03-2024
Oil Falls 1% on Concerns Over China's Economic Growth Plan
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/file photo Purchase Licensing RightsOil prices fell nearly 1% on Tuesday, pressured by skepticism around China achievi
Oil & Gas Trade
05-03-2024
Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil
With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is embarking on an extensive exploration campaign to harness its resources for enhanced energy
Oil&Gas Drilling
05-03-2024
China's Landmark Deep-Earth Borehole Drilling Exceeds 10,000 Meters
A drone photo taken on March 2, 2024 shows the "Shenditake 1" borehole in the Taklimakan Desert in the Tarim Basin, northwest China's Xinjiang Uygur Autonomous Region. [Photo/Xinhua]The drilling of a superdeep borehole in northwest China
Gas Pipeline
05-03-2024
India Sees $4.95 Bln Investment for Natural Gas Network in Kashmir, Northeast
India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday.India, one of the
Oil & Gas Trade
05-03-2024
TC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln
The logo of energy transport firm TC Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing RightsTC Energy (TRP.TO), opens new tab said on Monda
Oil & Gas Trade
05-03-2024
US Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill
Oil tankers stand attached to mooring stations near a refinery in Bayonne, New Jersey August 24, 2011. REUTERS/Lucas Jackson/ File Photo Purchase Licensing RightsThe United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 202
LNG
05-03-2024
Suriname's Staatsolie Signs Gas Exploration Deal with Petronas, Exxon
Suriname's Staatsolie said on Monday that Malaysia's Petronas and U.S. oil giant Exxon Mobil (XOM.N), opens new tab have agreed to extend exploration of a gas discovery off its coast, and are considering the potential for a floating LNG pr
Oil&Gas Drilling
04-03-2024
Diamond Offshore Clinches New $350M Drillship Deal with BP
Houston-based Diamond Offshore Drilling has secured a two-year contract extension with a subsidiary of BP in the US Gulf of Mexico for the seventh-generation drillship Ocean BlackHornet.The New York-listed driller said the new campaign starts in February
Oil&Gas Drilling
04-03-2024
ADX Ramps up European Gas Pursuit at Welchau Well
ADX Energy’s hunt for 807 billion cubic feet (Bcf) of European gas is continuing to gather steam, with the drilling of its Welchau-1 exploration well in Austria nearing the company’s targeted geological structure.Management confirmed t
Oil & Gas Trade
04-03-2024
Gurbanguly Berdimuhamedov Announces Possible Turkmen Gas Supplies to Europe
Officials from Turkmenistan and Turkey signed two preliminary agreements on Friday for the Central Asian country to supply gas to Turkey and onward to Europe, deals that would aid Ankara's bid to become a regional energy hub, Nikkei Asia reports.C
LNG
04-03-2024
Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals
Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approval
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