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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
06-01-2024
Exclusive: India Set to Halve Oil Refiners' FY24 Energy Transition Equity Support
A man paints the logo of oil refiner Bharat Petroleum Corp (BPCL) on a wall on the outskirts of Kochi, India, November 21, 2019. REUTERS/Sivaram V/File Photo Acquire Licensing RightsIndia plans to halve the amount of equity investment to $1.8 billion for
LNG
06-01-2024
India's GAIL Signs 10-Yr LNG Purchase Deal With Vitol
State-run GAIL (India) Ltd (GAIL.NS) Friday said it has signed a 10-year liquefied natural gas (LNG) import deal with trader Vitol to buy about 1 million metric tons per year (tpy) of the super-chilled fuel from 2026.Indian companies are investing billion
Oil Price
05-01-2024
Russian November Oil Price for India Hit 12-Mth High
A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsIndia paid an average of $85.42 per barrel for Russian oil in November, th
Oil Price
05-01-2024
Oil Settles Lower on Massive US Fuel Inventory Builds
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsOil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and dist
Oil & Gas Trade
05-01-2024
Biden Administration Slowly Puts Oil Back Into the Spr Emergency Stash
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Acquire Licensing RightsThe administration o
Oil & Gas Trade
05-01-2024
Exxon Earnings to Drop on California Offshore Exit, Weaker Prices
Cars are seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew KellyFile Photo Acquire Licensing RightsExxon Mobil Corp (XOM.N) warned on Thursday it would write down about $2.5 billion of California assets in th
LNG
04-01-2024
Australia Hands Out Lengthy Ban to Gas Carrier
The Australian Maritime Safety Authority (AMSA) has banned Hong Kong-flagged LNG carrier CESI Qingdao from Australian waters for 180 days.The ship was detained in Gladstone in November, following a vessel blackout which caused major disruptions at the por
Oil & Gas Trade
04-01-2024
Chevron to Take Up to $4BLN Impairment Impact
Oil giant Chevron has said it would take an accounting hit to part of its U.S. assets and recognize some losses, resulting in an impact in its fourth quarter results of up to $4 billion.The impairment of U.S. assets, mainly in California, was "due to
LNG
04-01-2024
Report: Production Starts at Russia's Arctic Lng 2 Despite US Sanctions
Russia’s liquefied natural gas (LNG) producer Novatek has begun production at its Arctic LNG 2 project despite U.S. sanctions, media company Bloomberg reported.Archive; Courtesy of NovatekAccording to Bloomberg, Russia’s Deputy Prime M
LNG
04-01-2024
India's Petronet to Sign Deal to Extend Qatar Lng Imports Beyond 2028
India's top gas importer Petronet LNG (PLNG.NS) is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India's Oil Secretary said on Wednesday.Petronet has a 7.5-million m
Oil & Gas Trade
04-01-2024
China Crude Flows to Storage Poised to Pick Up After Half-Year Lull: Russell
A shale gas drilling rig run by Sinopec is seen in Chongqing, China March 18, 2018. Picture taken March 18, 2018. REUTERS/Chen Aizhu/File Photo Acquire Licensing RightsChina's flow of crude oil into inventories faded over the second half of last y
Natural Gas
04-01-2024
Russia's Gazprom Breaks Daily Record for Gas Supply to China
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsRussian energy giant Gazprom (GAZP.MM) said on Wednesday it set a new daily record the previous day for gas supplies to China
Oil and Gas Equipment
04-01-2024
Bunge says damaged natgas pipeline caused Indiana soy plant closure
A soybean processing facility in Decatur, Indiana, operated by global grain handler Bunge (BG.N) stopped operations last week following damage to a natural gas pipeline that feeds the site, the company said in a statement to Reuters on Wednesday.Bunge sai
Oil & Gas Trade
04-01-2024
Arcelormittal JV, Others Commit $86 Bln in India's Gujarat Ahead of Investment Summit, Says State
A general view of office buildings at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, India, December 8, 2023.REUTERS/Amit Dave/File Photo Acquire Licensing RightsIndia's Gujarat state on Wednesday said it has signed initial inve
Oil & Gas Trade
04-01-2024
Venezuela's 2023 Oil Exports Rose, Aided by Us Sanctions Easing
An oil pump jack is seen in an oil field near Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo Acquire Licensing RightsVenezuela's oil exports increased 12% last year to almost 700,000 barrels per day (bpd)
LNG
04-01-2024
Shell Backs BP in Fight Over Venture Global LNG Exports
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsShell PLC (SHEL.L) has joined BP
Oil & Gas Supply
04-01-2024
US Seeks 3 Mln Barrels of Crude for Strategic Reserve - Energy Dept
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif Acquire Licensing RightsThe U.S. is seeking to buy up to 3 million barrels of U.S.-pro
Oil Field
03-01-2024
CNOOC Brings South China Sea Fields on Stream
Chinese offshore operator CNOOC Ltd has achieved first oil at the Lufeng Oilfields Phase II Development Project located in the Pearl River Mouth basin of the South China Sea, offshore China.The project, situated in an average water depth of 136 metres, en
Oil & Gas Trade
03-01-2024
Russian Pipeline Gas Exports to Europe Down 56% in 2023 - Reuters Calculations
A view shows the Orenburg gas processing plant of Gazprom in the Orenburg Region, Russia September 1, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsNatural gas supplies to Europe by Russian energy giant Gazprom (GAZP.MM) were down 55.
Oil & Gas Trade
03-01-2024
India Turns to Saudi as Purchases of Russian Oil Fall in Dec
Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsIndia increased imports of Saudi oil in December as payment pr
LNG
03-01-2024
US Was Top LNG Exporter in 2023 as Hit Record Levels
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 RightsU.S. liquefied natural ga
Crude Oil
02-01-2024
China Issues 2024 Crude Import Quotas, 60% More Than Year Earlier
China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese industry consultancies and trade sources on Tuesday, 60% more than the previous year.Fourty-one companies, mostly independent refiners, were given the fres
LNG Carrier
02-01-2024
Samsung Heavy Wins US$1.5 Bln Order for FlNG Facility in North America
Samsung Heavy Industries Co., the world's third-biggest shipbuilder by orders, said Tuesday it has received a US$1.5 billion order to build a floating liquefied natural gas (FLNG) facility in North America.Samsung Heavy formed a consortium with U.
Oil Field
02-01-2024
China's CNPC Replaces U.S. Oil Giant as Lead Contractor for Iraq's West Qurna 1 Oilfield
Representatives attend a handover ceremony in Basra, Iraq, on Jan. 1, 2024. China's leading oil and gas producer, China National Petroleum Corporation (CNPC), officially took over from U.S. oil giant ExxonMobil as the lead contractor for Iraq&
Oil&Gas Drilling
02-01-2024
Seatrium Awarded Shell's Deep-Water Oil Production Project
Seatrium will construct and integrate the hull, topsides and living quarters of Shell’s Sparta semi-submersible Floating Production Unit. PHOTO: SEATRIUMSeatrium has won a contract by Shell to construct a deep-water newbuild project in the US Gu
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