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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

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
Oil&Gas Drilling
12-03-2024

Sinopec Starts Natgas Production at 2bcm per Year at Sichuan Gas Field
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's Sinopec
Oil & Gas Trade
12-03-2024

US Leads Global Oil Production for Sixth Straight Year- EIA
Very Large Crude Carriers (VLCCs) line up at the Port of Corpus Christi, where they are being loaded with crude oil for shipping worldwide, in this handout picture taken July 2022. Port of Corpus Christi/Handout via REUTERS/File Photo Purchase Licensing R
Oil & Gas Trade
12-03-2024

EQT to Buy Equitrans Midstream in Bid to Boost Natural Gas Margins
Top U.S. natural gas producer EQT Corp (EQT.N), opens new tab on Monday said it agreed to buy Equitrans Midstream (ETRN.N), opens new tab in an all-stock deal that values its former pipeline unit at about $14 billion including debt, as companies look to n
LNG
12-03-2024

China's Unipec Wants Say in Venture Global LNG's Extension Request
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 RightsChinese state-owned energy trader Unipec on Monday asked U.S. regulators for a chance to int
Oil & Gas Trade
11-03-2024

BP Takes $900M Impairment Against North Sea Assets
BP (LON:BP) took an approximate $900 million (£700m) impairment charge against some of its North Sea assets in 2023, according to the firm’s annual report.The company said it recognised the $900m impairment in respect of certain assets
LNG
11-03-2024

AG&P Buys Stake in Vietnam LNG Terminal
Liquefied natural gas (LNG) terminal and downstream infrastructure firm AG&P LNG has acquired a 49 percent stake in the Cai Mep LNG terminal located in Vũng Tàu district in South Vietnam.The $500 million Cai Mep LNG terminal, which is being
Oil & Gas Trade
11-03-2024

Kazmunaygas, Socar to Ink Agreement to Boost Kazakh Oil Transit Through Azerbaijan - Magzum Mirzagaliyev (Exclusive Interview)
KazMunayGas, the national oil and gas company of Kazakhstan, and SOCAR, Azerbaijan's State Oil Company, will sign an agreement to increase the transportation of Kazakh oil through Azerbaijan, Magzum Mirzagaliyev, Chair of the Management Board of K
LNG
11-03-2024

Data Contradicts Rationale Underpinning Biden's Decision to Halt New Natural Gas Export Hubs
(Photo by Shawn Thew - Pool/Getty Images)Market data undermines one the Biden administration’s central justifications for pausing new approvals of liquefied natural gas (LNG) export terminals.The administration has rolled out or amplified severa
LNG
11-03-2024

Japan's Declining Gas Demand Will Leave Utilities With Persistent LNG Oversupply Through 2030
Japan’s LNG buyers are cultivating demand in emerging Asia to offload surplus LNG volumesOnce the largest global importer of liquefied natural gas (LNG), Japan’s demand for the fuel has fallen rapidly in recent years. As a result, the
Oil & Gas Trade
11-03-2024

Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit
General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo/File Photo Purchase Licensing RightsSaudi Arabia's state-owned oil giant Aramco (2222.SE), opens new tab
LNG
11-03-2024

Japan Boosts Reliance on Allies Australia, US for Long-Term LNG Supplies
A LNG tanker is seen at the Negishi LNG Terminal, which is jointly operated by Tokyo Gas and JERA, in Yokohama, Japan October 17, 2019. REUTERS/Yuka Obayashi/File Photo Purchase Licensing RightsResource-scarce Japan is shoring up long-term supplies of liq
Oil & Gas Trade
09-03-2024

Nigeria Aims Big for Gas Sector With $575BN Investment Push
The Nigerian government has taken a significant step towards boosting its natural gas sector, inaugurating the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF) on Friday. This council has an ambitious target: to attract a
Oil & Gas Supply
09-03-2024

Security Measures in Niger Delta Increased Oil Output by 200,000 Barrels – Verheijen
The federal government has settled for fiscal incentives in the Oil and Gas Sector to attract investments.Special adviser (SA) to the President on Energy, Olu Verheijen disclosed this during the ministerial press briefing in Abuja on Friday.She said the g
Oil & Gas Trade
09-03-2024

Turkiye Examines Options for Obtaining Gas Supplies From Turkmenistan Through Azerbaijan
Ankara is considering options for supplying Turkmen gas to Turkiye through Azerbaijan, Iran and the Caspian Sea, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar said, Azernews reports."Turkmen gas is an issue that has been on our

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