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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
18-01-2024

Sinopec Says More Deep Tight-Gas Reserve Certified in Sichuan Basin
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 Acquire Licensing RightsChina's Sinopec
Oil Field
18-01-2024

Shell Approves Plan to Develop North Sea Gas Fieldth
A Shell logo is seen on a pump at a petrol station in London April 28, 2010. REUTERS/Toby Melville/File Photo Acquire Licensing RightsShell (SHEL.L), opens new tab has given the financial go-ahead for the development of the Victory gas field in the Britis
Oil & Gas Trade
18-01-2024

In First Look At 2025, OPEC Expects Robust Oil Demand Grow
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger//File Photo Acquire Licensing RightsOPEC on Wednesday stuck to its forecast
Oil&Gas Drilling
18-01-2024

Canada's Oil Province, Alberta, Cleaned Up 9% of Inactive Wells in 2022
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. Picture taken May 6, 2020. REUTERS/Todd Korol/File Photo Acquire Licensing RightsCanada's main oil-producing province, Alberta, cleaned up 9% of its inactive oil and
Oil & Gas Trade
18-01-2024

Brazil's Petrobras Plans to Finish RNEST Refinery's Train 1 Expansion in Early 2025
Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab said on Wednesday that it plans to finish expansion works on Train One of its Abreu e Lima (RNEST) refinery in the first quarter of 2025, nearly a decade after the expansion was halted due t
Oil & Gas Trade
18-01-2024

Maha Energy Proposes Carve-Out of Brazil's 3R Onshore Assets, Tie-up With Petroreconcavo
Sweden's Maha Energy (MAHAa.ST), opens new tab on Wednesday said it had acquired 5% of Brazilian oil firm 3R Petroleum (RRRP3.SA), opens new tab and proposed a carve-out of its onshore oil assets, which would then be combined with a third company,
LNG
17-01-2024

China Delivers First LNG FSRU to Cyprus: A Milestone in BRI Cooperation
In a significant milestone under the Belt and Road Initiative (BRI) cooperation, China has delivered its first floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) to Cyprus. This development, which took place on a Tuesday, mark
Oil & Gas Trade
17-01-2024

Ukrtransgaz to Invest Over $26 Mln in Gas Storage Facilities in 2024
Ukrtransgaz will invest UAH998.277 million (about $26.4 million at the current exchange rate) in natural gas storage facilities this year in line with the plan for developing underground gas storage for 2024-2033 that was approved by Ukraine's Nat
LNG
17-01-2024

Trafigura Seals Long-Term LNG Deal With Canada's Largest Natural Gas Producer
Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement.Illustration only; Archive. Courtesy of Trafigura
Oil&Gas Drilling
17-01-2024

Norway Boosts Oil, Gas Drilling, Including in Arctic
Drilling rigs and ships anchored in Skipavika, Norway April 1, 2018. Picture taken April 1, 2018. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsNorway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy compa
Oil & Gas Trade
17-01-2024

Totalenergies Initiates Force Majeure on Russia's Arctic LNG 2
A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. REUTERS/Stringer/File Photo Acquire L
United Kingdom
17-01-2024

Shell to Exit Nigeria's Troubled Onshore Oil After Nearly a Century
Shell (SHEL.L), opens new tab is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.The British energy giant pion
Oil & Gas Trade
17-01-2024

US Oil Output Due to Drop in February for 5th Straight Month, EIA Says
U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday.Oil output is set to fall to 9.68 million barrels per day
Oil & Gas Trade
17-01-2024

Exxon to Buy Another 1.2 Mln Tonnes of LNG per Annum From Mexico Pacific
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMexico Pacific said on Tuesday it had reached a deal to suppl
Oil & Gas Trade
17-01-2024

China to Boost January Diesel, Jet Fuel Exports, Add to Global Supply
A worker stands next to a shipping container area in Shanghai Yangshan port December 7, 2011.REUTERS/Aly Song/File Photo Acquire Licensing Rights, opens new tabSINGAPORE, Jan 16 (Reuters) - China's oil products exports are set to rebound in Januar
LNG
16-01-2024

Trafigura Seals Long-Term LNG Deal With Canada's Largest Natural Gas Producer
Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement.Illustration only; Archive. Courtesy of Trafigura
Oil & Gas Trade
16-01-2024

New York-Listed Player Snaps up Gulf of Mexico-Focused Oil and Gas Producer for $1.29 Billion
New York-listed Talos Energy has inked an agreement to acquire compatriot QuarterNorth Energy in a $1.29 billion deal, potentially widening its deep-water asset base in the Gulf of Mexico.Talos' acquistion of privately-held QuarterNorth is the lat
Oil & Gas Trade
16-01-2024

TotalEnergies Will Take FID On Ubeta Gas Project In 2024 – MD
The Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer has reconfirmed that the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other big projects would follow
Oil & Gas Trade
16-01-2024

Talos Energy to Acquire Quarternorth Energy for $1.29 Bln
Oil and gas company Talos Energy (TALO.N) said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico.QuarterNorth is a privately held U.S. Gulf of Mexico exploration and produ
LNG
15-01-2024

Texas LNG Concludes Preliminary LNG Supply Deal With EQT
Glenfarne Energy Transition’s subsidiary Texas LNG Brownsville has signed a heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services, anticipating the finalization of a definitive 15-year LNG tolling a
LNG
15-01-2024

Inpex To Increase Stake in Ichthys LNG Project
Japan’s energy company Inpex Corporation is planning to enter into an agreement with Tokyo Gas in relation to the acquisition of the participating interests (1.575%) held by Tokyo Gas in the Ichthys LNG project, through Tokyo Gas Australian proj
LNG Carrier
15-01-2024

Qatarenergy Linked to $2.4 Billion Deal for 8 Q-Max LNG Carriers, Set To Be World's Largest
Qatar’s LNG heavyweight QatarEnergy has sealed a contract with Chinese shipbuilder CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers, according to broker reports.Illustration; Image: Saad Sherida al-K
Oil & Gas Trade
15-01-2024

Bulgaria Replacing Russian Crude With Oil From Kazakhstan, Iraq, Tunisia
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Acquire Licensing RightsBulgaria is replacing Russian oil imports with c
Crude Oil
15-01-2024

Totalenergies Restarts Port Arthur, Texas, Crude Units -Sources
TotalEnergies (TTEF.PA) on Friday restarted the large crude distillation unit (CDU) and large vacuum distillation unit (VDU) at its 238,000 barrel-per-day (bpd) Port Arthur, Texas, refinery, said people familiar with plant operations.The refinery'
Oil Price
15-01-2024

US Power and Natgas Prices Soar as Extreme Freeze Hits Natgas Supplies
A person walks across the empty street during the first winter storm of 2024 which is expected to bring heavy snowfall across the northeast United States, in Worcester, Massachusetts, U.S. January 7, 2024. REUTERS/Amanda Sabga/File Photo Acquire Licensing

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