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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil & Gas Supply
23-12-2023
Russia Plans to Cut Seaborne Oil Exports by 100,000-200,000 Bpd in Jan - Sources
The oil products tanker Nord and a bulk carrier sail near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsRussia plans to cut oil exports from
Oil&Gas Drilling
23-12-2023
Shell, Trinidad's NGC Get 30-Year License to Produce Gas in Venezuela
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 RightsA license extended by Venezuela
Oil&Gas Drilling
23-12-2023
US Drillers Cut Oil and Gas Rigs for Second Week in a Row - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid November, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Thursday.The oil and gas ri
LNG
23-12-2023
Totalenergies to Restart Its Delayed Mozambique LNG Project in Early 2024 -Sources
The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes Acquire Licensing RightsFren
Oil & Gas Trade
23-12-2023
First Output From Venezuela's Dragon Gas Field Expected in 2 Years -Trinidad
A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad
Oil & Gas Trade
23-12-2023
Conocophillips to Move Forward With Development of Willow Project in Alaska
A screen displays the logo for ConocoPhillips on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsU.S. oil giant ConocoPhillips (COP.N) on Friday gave the financial gre
Oil&Gas Drilling
22-12-2023
Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field
Shell PLC and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (TCF) Dragon gas field and export its production to the Caribbean nation.There were scant details
Oil&Gas Drilling
22-12-2023
Kazakhstan Starts Gas Production at Rozhkovskoye Field
Photo credit: primeminister.kzWest Kazakhstan’s major gas condensate field Rozhkovskoye was put into operation with Prime Minister Alikhan Smailov participating in the ceremony via a videoconference, Kazinform News Agency reports.The gas and con
LNG
22-12-2023
Asyad and Oman LNG Seal Long-Term Deal for Two 5th Generation LNG Carriers
ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, and Oman LNG have signed a long-term agreement for the charter of two 5th generation LNG carriers.Illustration only; Courtesy of Oman LNGAccording to Asyad, the agreement
LNG
22-12-2023
New Fortress Energy's TGS LNG Terminal in Brazil Ready for Operations
U.S. energy major New Fortress Energy (NFE) has revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Win
LNG
22-12-2023
BUA to Build 700 Tons per Day Mini LNG Project
\\BUA Group has signed an agreement with CIMC ENRIC, a global leader in the energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini LNG project in NigeriaThis strategic agreement which marks a significant milestone in BU
Oil & Gas Trade
22-12-2023
Steelmaker Arcelormittal Inks Mexico Natgas Supply Deal Worth $2.7 Bln
Steam rises from the ArcelorMittal Dofascon steel mill in Hamilton, Ontario, Canada May 14, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsArcelorMittal has renewed a contract with Mexico's state power utility CFE to be supplied wi
LNG
22-12-2023
Exclusive: Russia's Novatek Issues Force Majeure Notices Over Arctic LNG 2 Project -Sources
Participants walk past the stand of Novatek company during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsNovatek (NVTK.MM), Russia'
Oil & Gas Trade
22-12-2023
Russia's Oil and Gas Budget Revenues to Fall 25% M/M in Dec - Reuters Calculations
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 RightsProceeds from oil and gas sales for Russia's federal budget are set to decline by arou
OPEC
22-12-2023
Angola Leaves OPEC in Blow to Oil Producer Group
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 RightsAngola said on Thursday it would leave OP
Oil & Gas Trade
22-12-2023
Britain's Harbour Energy Strikes $11.2 Billion Deal for Wintershall DEA Assets
Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightBritain's Harbour Energy on Thursday agreed to acquire Wintershall De
Oil & Gas Trade
21-12-2023
Indonesia's Pertamina to Invest $900 Million in Algeria: Minister
Foreign Affairs Minister Retno Marsudi meets with her Algerian counterpart Ahmed Attaf in Algiers on Dec. 20, 2023. (Photo Courtesy of Foreign Affairs Ministry)Jakarta. State-owned oil and gas firm Pertamina is planning to make an investment worth $900 mi
LNG
21-12-2023
Construction of PIL's LNG Dual-Fuel Containerships Begins in China
Singapore-based shipping company Pacific International Lines (PIL) has celebrated the beginning of the construction of its first 8,000 TEU LNG dual-fuel containership, Kota Ocean, at the Chinese shipyard Yangzijiang Shipbuilding.Courtesy of PILOn December
Oil Price
21-12-2023
Gas Prices up $2.60, Diesel up $3.95
Motorists will pay more for fuel when they go to the pumps on Thursday.E-10 87 is to move up by $2.60 to sell for $166.39 per litre and a litre of E-10 90 will also go up by $2.60 to sell for $172.50.Automotive diesel oil will move up by $3.95 per litre t
Oil & Gas Trade
21-12-2023
Five Mln Barrels of Russian Sokol Oil Stuck en Route to India
Russian 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 Rightsing.Almost five million barrels of Russia's Sokol grade crud
LNG
21-12-2023
Woodside Energy to Supply LNG to Pilbara Minerals Unit
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren Acquire Licensing RightsWoodside Ener
Natural Gas
20-12-2023
Belarus Saves 5.8bn Cubic Meters of Natural Gas Thanks to Nuclear Plant So Far
The Belarusian nuclear power plant (BelNPP) made it possible to replace 5.8 billion cubic meters of natural gas, Belarusian Energy Minister Viktor Karankevich said at a press conference in BelTA's press center.This year, the second unit of the BelNPP
LNG
20-12-2023
ADNOC Secures 15-Year LNG Supply Contract From Singapore's ENN LNG
The contract with ENN LNG signifies a major win for ADNOC, securing as it does future supplies from the new Al Ruwais facility.Image Credit: Afra Al Nofeli/Gulf NewsDubai: ADNOC has won a 15-year LNG supply contract from Singapore’s ENN LNG, tot
Oil&Gas Drilling
20-12-2023
Mubadala Energy Announces Major Gas Discovery in South Andaman
United Arab Emirates' Mubadala Energy said it discovered a major deep sea gas reserve in Indonesia's South Andaman Block, which analysts said is the world's second-largest deep water discovery this year.Through Layaran-1 exploratio
LNG
20-12-2023
Delta, NNPCL, UTM Partner on Nigeria's First Floating LNG
The Delta State Government, Nigerian National Petroleum Company Limited (NNPCL), and the UTM Offshore Limited, yesterday, signed a Shareholders’ Agreement for the development of first Floating Liquefied Natural Gas (FLNG) in the country.With the
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