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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

Oil&Gas Drilling
04-02-2024

China-Developed Deepwater Gas Field Reports Record High Gas, Oil Output
China's first independently-developed and built ultra-deepwater gas field Shenhai Yihao, or Deep Sea No.1, has recorded an accumulated natural gas output of over 7 billion cubic meters and its oil output exceeding 700,000 cubic meters so far.The d
LNG
04-02-2024

FACTBOX European and Asian Companies Affected by US Pause on LNG Export Permits
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsU.S. President Joe Biden's administration announced a pause on pending and future permits to export liquefied natural gas
Oil&Gas Drilling
04-02-2024

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks - Baker Hughes
The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsU.S. energy firms this week cut the number of
Oil & Gas Trade
04-02-2024

Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit
Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Profits from oil majors have been down in 2023 by about a third from record levels in 2022, p
Oil & Gas Trade
04-02-2024

BP Says Power Restored, Operations Stabilized at Whiting, Indiana, Refinery
The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsBP Plc (BP.L), opens new tab has not yet set a date for restarting its 435,000 barrel-per-day (bpd) Whiti
Natural Gas
04-02-2024

Tanzania's TPDC Doubles Gas Field Stake in Deal with Maurel & Prom
State-run Tanzania Petroleum Development Corporation (TPDC) has paid $23.6 million to double its shareholding in the Mnazi Bay natural gas field under an agreement with French energy company Maurel & Prom (MAUP.PA), opens new tab.The Mnazi Bay gas fie
Oil & Gas Trade
02-02-2024

Japan's Gas Imports Plummet as Nuclear Reactors Restart
Japan’s liquefied natural gas imports for January fell to the lowest level for that month in over a decade, as nuclear reactor restarts, higher renewables output, and energy-savings efforts curb fossil-fuel needs.Deliveries fell to just shy of 6
Oil&Gas Drilling
02-02-2024

Welchau-1 Spud Imminent as Adx Hunts Austrian Gas Giant
ADX Energy’s Welchau-1 drill pad in Austria. Credit: File.ADX Energy will start spinning the drill bit in a week at its giant Welchau gas prospect in Austria, where it holds a best technical prospective, or P50, resource of 807 billion cubic fee
LNG
02-02-2024

India Offers to Supply LNG to Sri Lankan Power Plants - Sri Lanka Minister
India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday."In the efforts to expedite the pro
Crude Oil
02-02-2024

Asia Crude Oil Imports Start 2024 Strongly as India Leads
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 milli
Oil & Gas Supply
02-02-2024

OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged
A view shows Saudi Aramco's Abqaiq oil facility in eastern Saudi Arabia in this undated handout photo. Saudi Aramco/Handout via REUTERS/File Photo Acquire Licensing RightsOPEC+ will decide in March whether or not to extend voluntary oil production
LNG
02-02-2024

US LNG Exports Fall in January on Arctic Freeze, Plant Outages
Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo Acquire Licensing RightsCold weather and outages
LNG
02-02-2024

Poland's Gaz-System Chooses Mitsui O.S.K. Lines for Floating Unit
A view of the Gaz-System logo during the opening of the gas interconnector link between the central European neighbours in Strachocina, Poland August 26, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsPolish pipeline operator Gaz-System ha
Oil & Gas Supply
02-02-2024

Power Loss Forces BP to Shut Biggest US Midwest Refinery
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 Acquire Licensing RightsBP (BP.L), opens new
United States
01-02-2024

Oil Nudges Higher on Fed Rate Cut Expectations
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Kyodo/via REUTERS Acquire Licensing RightsOil prices climbed on Thursday, supported by signals from the U.S. Feder
LNG
01-02-2024

Singapore LNG Corporation Appoints New CEO
Singapore LNG Corporation (SLNG), builder, owner, and operator of Singapore’s and Asia’s first open-access multi-user LNG terminal, has selected a new chief executive officer (CEO).Image courtesy of Singapore LNG CorporationSLNG reveal
LNG
01-02-2024

LNG-Powered CMA CGM Belem Launched in China
Chinese shipbuilder Hudong-Zhonghua has launched a newbuild 13,000 TEU LNG dual-fuel containership for French shipping giant CMA CGM.Courtesy of Hudong-ZhonghuaThe ship named CMA CGM Belem was launched four days ahead of schedule on January 29, 2024, at t
Oil & Gas Trade
01-02-2024

Russia Cuts Gasoline, Diesel Exports to Offset Refinery Outages
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsRussia has reduced gasoline exports to non-CIS coun
LNG
01-02-2024

Republican Says US House to Vote on Reversing Biden's LNG Exports Pause-Bloomberg
U.S. President Joe Biden looks on as he delivers remarks, during a campaign event focusing on abortion rights at the Hylton Performing Arts Center, in Manassas, Virginia, U.S., January 23, 2024. REUTERS/Evelyn Hockstein Acquire Licensing RightsThe U.S. Ho
Oil & Gas Trade
31-01-2024

Exclusive: Japan's Inpex Selling Stake in Russian Oil Project to Itochu
The logo of Itochu Corp is seen outside the company's headquarters in Tokyo, Japan, November 7, 2016. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsInpex Corp (1605.T), opens new tab, Japan's top oil and gas explorer, is selling it
Oil Pipeline
31-01-2024

Chevron Reroutes Kazakh Oil to Asia Around Africa - Sources, LSEG Data
An entrance sign at the Chevron refinery, located near the Houston Ship Channel, is seen in Pasadena, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsChevron (CVX.N), opens new tab is sending cargoes of Kazakhstan
Oil&Gas Drilling
31-01-2024

Saudi Arabia Orders Aramco to Lower Oil Capacity Target
Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsSaudi Arabia's government on Tuesday ordered state oi
LNG
31-01-2024

AG&P LNG Aims to Start Developing 6 Import Terminals Within 2 Years
Atlantic Gulf & Pacific Company (AG&P) LNG aims to take a final investment decision (FID) and start developing six liquefied natural gas terminals in South and Southeast Asia within the next one-to-two years, the company's chief executive
Oil Pipeline
31-01-2024

North American Pipeline Operator Enbridge to Cut 650 Jobs
The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire
Oil & Gas Trade
31-01-2024

Origin Doubles Down on Renewables as Energy Transition Gathers Steam
Origin Energy (ORG.AX), opens new tab on Wednesday posted a slump in second-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project on easing oil and natgas prices, and highlighted investments made in battery projects and UK firm Octop

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