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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

LNG
10-01-2024

Portugal's Galp Seeks to Join Formal Complaint Against US LNG Exporter
Galp Energia logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsPortugal oil and gas firm Galp has asked U.S. regulators to allow it to join BP (BP.L) and She
Oil &Gas
09-01-2024

Middle East Process Engineering Conference & Exhibition 2024
About MEPEC 2024MEPEC is the definitive event in the Middle East for process engineering, offering a platform for leaders to engage with the dynamic challenges and promising opportunities within the field. Designed to be a forum for the exchange of cuttin
Oil Field
09-01-2024

Energy Firms to Test CO2 Capture in Brazil Undersea Oil Field
A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, TotalEnergies said Monday.The pilot unit will separate oil from CO2-ri
Oil&Gas Drilling
09-01-2024

China's Oil Production Rises to 208 Mln Tons in 2023 - CCTV
China's crude oil production rose to 208 million metric tons in 2023, equivalent to 4.16 million barrels per day, state broadcaster CCTV said on Tuesday.The figure, which according to Reuters' calculations is a 1.6% increase on 2022 output
LNG
09-01-2024

KN Takes Over Commercial Management of Four German LNG Terminals
Lithuanian energy terminal operator Klaipedos Nafta (KN) has secured the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast.Archive. Courtesy of Niedersachsen PortsSpecifically, the comp
Oil & Gas Trade
09-01-2024

Adnoc's Help Sought to Boost Turkmen Gas Project
Turkmenistan has made another attempt to secure the participation of Abu Dhabi National Oil Company (Adnoc) in the country’s largest natural gas development, the Galkynysh group of fields.Former Turkmenistan president and current chairman of the
Oil Field
09-01-2024

Dutch Government to Turn On 'Pilot Light' Output at Groningen Gas Field
The Dutch government said on Monday it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.The government said in June it would end produ
Oil & Gas Trade
09-01-2024

Shell Flags Q4 Writedown of up to $4.5 Billion, Mainly on Singapore Assets
General view of a Shell petrol station sign, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo Acquire Licensing RightsShell (SHEL.L) on Monday flagged impairment charges of up to $4.5 billion for the fourth quarter, mainly rela
Crude Oil
09-01-2024

Nigeria's Dangote Refinery Set for Test Runs After Getting More Crude
A worker walks past storage tanks at Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. REUTERS/Temilade Adelaja Acquire Licensing RightsNigeria's Dangote oil refinery could begin test runs as early as
LNG
09-01-2024

Constellation's Everett Takes LNG Delivery From Trinidad
U.S. energy group Constellation Energy's (CEG.O) Everett liquefied natural gas (LNG) import plant in Massachusetts took delivery of LNG from Trinidad over the weekend, LSEG data showed.The BW Boston tanker delivered about 2.7 billion cubic feet (b
LNG
09-01-2024

Shell Signs 20-Year Purchase Deal With Canadian Ksi Lisims LNG Project
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Picture taken November 13, 2017. REUTERS/Issei Kato/File Photo Acquire Licensing RightsGlobal gas giant Shell (SHEL.L) has ag
Oil & Gas Trade
09-01-2024

Exxon's Faces Hurdles in $2.5 Billion Exit From California Offshore
The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsExxon Mobil's write-down of ab
OPEC
08-01-2024

OPEC’s December Crude Production Averages 28.05mbpd
The Organisation of Petroleum Exporting Countries (OPEC) pumped an average of 28.05 million barrels a day, MMbpd in December as it persevered with supply restraints agreed earlier in the year.Equally, reductions by the United Arab Emirates and Angola were
Oil&Gas Drilling
08-01-2024

ONGC Initiates Oil Production From Its Deep-Water Asset
ONGC announces the successful commencement of First Oil from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.This 98/2 project is likely to increase ONGC’s total Oil and Gas production by 11 percent and 15 percent respe
India
08-01-2024

Oil Slips on Large Saudi Arabian Price Cuts and Rising OPEC Output
Picture: REUTERSNew Delhi — Oil prices fell more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in Opec output, offsetting worries about escalating geopolitical tension in the Middle East.Brent crude slipped 1.09%, or 86c, t
Oil Field
08-01-2024

India Inks Contracts for 13 Hydrocarbon Blocks
India signed contracts for 13 hydrocarbon blocks opened for bidding in the last two years.India’s Petroleum and Natural Gas Ministry has signed contracts for 13 hydrocarbon blocks opened for bidding in the last two years.Of the new contracts, 10
LNG
08-01-2024

Vitol Inks 10-Year LNG Supply Deal With Gail India
Vitol will supply GAIL (India) Limited with approximately one million metric tons of liquefied natural gas (LNG) per annum for 10 years beginning in 2026.Vitol Asia Pte Ltd has signed a long-term deal to supply GAIL (India) Limited with approximately one
Natural Gas
08-01-2024

TMK ups Mongolian Gas Flow by 335 per Cent
Production at TMK Energy’s flagship Mongolian coal seam gas pilot project, Gurvantes XXXV, flourished through to the end of 2023, with the company recording its highest gas volume to date in December.The company’s three pilot wells &am
Oil&Gas Drilling
08-01-2024

Aker Puts Subsea Oil & Gas Tech to Work for Offshore Wind
Norwegian offshore technology company Aker Solutions is working with Norway's Marine Energy Test Centre to try out a new way to set up the power collection and transfer grid for offshore wind farms - specifically for floating installations, which
Oil & Gas Trade
08-01-2024

Nigerian and Chinese Energy Firms Seal $1BN Deal on Gas Flaring
A Nigerian energy company NIGUS International, have entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd., a Chinese firm, to finance and advance solutions for gas flaring in Nigeria.The signing of this pac
LNG
08-01-2024

Woodside Energy Signs Domestic LNG Agreement With Pilbara Minerals
Woodside Energy is set to supply LNG to one of the world's largest hard rock lithium deposits. Source: ShuttershockWoodside Energy will use its Western Australia truck loading facility to supply domestic LNG to a Pilbara Minerals subsidiaryWoodsid
Oil Price
08-01-2024

Saudi Arabia Cuts Feb Arab Light Crude Price to Asia to 27-Month Low
Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian customers to the lowest level in 27 months, a company statement showed, amid competition from rival suppliers and concerns about supply overhang.Saudi
Renewable Energy
08-01-2024

Saudi Energy Ministry and NEOM Company Sign MoU on Cooperation in Energy Fields
The Saudi Ministry of Energy and NEOM company signed on Sunday a Memorandum of Understanding (MoU) on enhancing cooperation in the energy fields, the Saudi state news agency reported.
LNG
06-01-2024

Gail India Signs Long-Term LNG Supply Deal With Trader Vitol
GAIL (India) has signed a long-term LNG deal with Vitol, under which the top commodity trader will supply around 1 million metric tons of LNG annually for 10 years starting in 2026, the Indian state-held firm said on Friday.As part of the deal, Vitol will
Crude Oil
06-01-2024

Motiva to Shut CDU, Coker Next Week at Largest US Refinery -Sources
Motiva Enterprises (MOTIV.UL) is scheduled to shut the large crude distillation unit (CDU) and large coker at its 626,000 barrel-per-day (bpd) Port Arthur, Texas, refinery by Monday, people familiar with the company’s plans said on Friday.Motiva

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