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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil&Gas Drilling
18-03-2024
One of World’s Largest Semi-sub Rigs Comes Back to UK Port Ahead of Resuming Drilling Gig With BP
A giant semi-submersible rig, which is considered to be one of the largest ones ever built, has gone back to the UK’s Kishorn Port (KPL), a 50/50 joint venture between Ferguson Transport (Spean Bridge) and Leiths (Scotland), to prepare for its r
Oil & Gas Trade
18-03-2024
Iran Inks Big Contracts to Increase Oil Production
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.In a ceremony broadcast on state TV, the oil ministry and Iranian businesses signed deals worth $13 billion to i
Oil & Gas Trade
18-03-2024
Kuwait Oil Company Q8 to Buy 50% of Italian Biodiesel Producer Ecofox
The Italian branch of Kuwait Petroleum International (KPI), Q8,said on Saturday that it would buy a 50% stake in Italian biodiesel producer, EcoFox, as part of efforts to reduce its fossil-fuel emissions."This deal constitutes a pioneering step to de
Oil&Gas Drilling
18-03-2024
NSW Gov Bans Offshore Petroleum and Mineral Mining
The New South Wales Government has banned seabed petroleum and mineral mining off the state’s coast.The government secured support from across the New South Wales Parliament to implement the ban, making New South Wales the first state in Austral
Oil&Gas Drilling
18-03-2024
Chinese Oil Major CNOOC to Begin Talks on Angola Oil Exploration
Chinese oil major CNOOC (0883.HK), opens new tab is sending a group of senior executives to Angola for talks on oil exploration opportunities, the Angolan oil and gas ministry said on Sunday.Angola left oil producer group OPEC in December and wants to str
Natural Gas
18-03-2024
Ukraine Has No Plan to Extend Russian Gas Transit Deal
Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom (GAZP.MM), opens new tab on the transit of Russian gas to Europe or to sign another one.Despite Moscow's invasion of Ukraine in 2022, Russian gas is
Natural Gas
18-03-2024
Egyptian Natural Gas Holding to Expand in Saudi Arabia
The Egyptian Natural Gas Holding Co. (EGAS) has established a subsidiary in Saudi Arabia with initial capital of SAR 2 million ($530,000), Egypt's Ministry of Petroleum said on Sunday.Owned 80% by EGAS, the newly established natural gas company &q
LNG
18-03-2024
Venture Global LNG to Buy Fleet of LNG Vessels
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/File Photo Purchase Licensing RightsVenture Global LNG said on Sunday it would acquire a fleet of nine liquefied natu
Japan
16-03-2024
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
- Global gas turbine leader for a second consecutive year with 36% global gas turbine market share and 56% Advanced Class gas turbine market share- Cumulative orders for J-class gas turbines surpassed 120 units, contributing to the company's top m
LNG
16-03-2024
Germany Adds Fourth FSRU Further Expanding Imports and LNG Supply Stability
Germany’s liquefied natural gas (LNG) import capacity is set to increase by up to five billion cubic meters (bcm) following the arrival of the floating storage and regasification unit (FSRU) Energos Force at the port of Stade. It is the first un
Oil & Gas Trade
16-03-2024
India Hikes Windfall Tax on Petroleum Crude
The Indian government has raised its windfall tax on petroleum crude to 4,900 rupees ($59.15) a tonne from 4,600 rupees with effect from March 16, according to a government notification released on Friday.
Oil&Gas Drilling
16-03-2024
US Drillers Add Most Oil and Gas Rigs in a Week Since September - Baker Hughes
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 RightsU.S. energy firms this week added the biggest num
Oil Exploration
16-03-2024
Exxon-Led Group Strikes New Oil and Gas Discovery off Guyana
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 on Friday disclosed a new oil and gas discovery in the prolific Stabroek block off
Oil Price
16-03-2024
Oil Prices Dip, but Set for Weekly Gain of Over 3%
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 prices dipped on Friday, a day a
Natural Gas
15-03-2024
BP in Talks With Venezuela and Trinidad Governments to Develop Gas Field
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing RightsBP PLC (BP.L), opens new tab and Venezuela confirmed on Thursday they are in talks with Trinida
Oil & Gas Supply
14-03-2024
Italy Drops Plans for $5.2 Bln Tariff to Cover Gas Storage Costs
Italy's energy authority said it had shelved plans for a tariff to cover the cost of keeping gas stockpiles full, following widespread criticism from energy companies and European Union objections.The tariff, potentially worth 4.8 billion euros ($
Oil & Gas Trade
14-03-2024
Israel's Newmed Says BP, ADNOC Buy-in Offer on Hold
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 RightsA $2 billion offer
Natural Gas
14-03-2024
Germany Approves Gas Agreement With Italy, Switzerland, Ministry Says
The German government has approved an agreement with Italy and Switzerland to supply gas between the countries in case of a crisis in supply, the German economy ministry said on Wednesday following a meeting of the cabinet in Berlin.German Economy Ministe
Oil & Gas Trade
14-03-2024
US Slowly Replenishes Strategic Petroleum Reserve
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 RightsThe administration of President Joe Biden is slow
LNG
14-03-2024
US Asks Venture Global LNG to Justify Confidentiality of Calcasieu Filings
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday asked Venture Global LNG to explain why reports on its Calcasieu Pass LNG plant need to be kept confidential, a development that came after major customers complained about its lack of tran
Gas power stations
13-03-2024
Britain Vows to Build New Gas Power Stations
British Prime Minister Rishi Sunak's government pledged Tuesday to build new gas-fired power stations to boost energy security, drawing criticism over his climate policies before this year's general election.The Conservative government, wh
Oil&Gas Drilling
13-03-2024
US Natgas Output to Decline in 2024 While Demand Rises to Record High, EIA Says
A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.S. natural gas production will decline in
Oil & Gas Trade
13-03-2024
Oil Prices up on Strong US Demand, Fed Signals in Focus
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 RightsOil prices rose on Wednesday on expectations of strong global
Oil & Gas Trade
12-03-2024
Azerbaijan Produces Over Eight Bcm Gas in This Year
In January-February of this year, Azerbaijan produced 8.2 billion cubic meters of gas, with an increase of 240 million cubic meters, of which 4.1 billion cubic meters were exported, Azerbaijan Energy Minister Parviz Shahbazov posted on his X account, Azer
Oil&Gas Drilling
12-03-2024
Asian Indie Eyes Exploitation of $100 Million per Annum Gas Discovery
Production facilities: EMP's Kangean production sharing contract in Indonesia.Photo: ENERGI MEGA PERSADAIndonesian operator Energi Mega Persada (EMP) is preparing for the potential fast-track exploitation of its latest gas discovery on the Bentu b
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Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures
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Czech Republic plans to buy up to 2 bcm of gas a year from Azerbaijan
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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Vaalco Energy Reports 30% Rise in Egypt Oil Sales in Q2 2026
