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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

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
Crude Oil
02-01-2024

Dangote Refinery Receives 4th Crude Oil Shipment From NNPC
Dangote Refinery has received its fourth shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company (NNPC) Limited.In a statement released on Sunday, Dangote Oil Refining Company expressed expectations of recei
Oil&Gas Drilling
02-01-2024

CNOOC Limited Announces MERO2 Project Commences Production
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.Mero, Brazil's third largest oilfield, is located in the Santos Basin pre-salt sou
Oil & Gas Trade
02-01-2024

Brazil's Petrobras Says Sepetiba Fpso Enters Production
A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsBrazilian state-run oil company Petrobras' (PETR4.SA) Sep
Oil Exploration
02-01-2024

Nigeria Aims to Raise Oil, Condensates Output to 2.6 Mln Bpd by 2026
Nigeria's upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, an ambitious jump from 2023 levels of around 1.6 million bpd.Africa's biggest oil exporter,
Oil & Gas Trade
02-01-2024

Exxonmobil Hands Over Operations at West Qurna 1 Oilfield to Petrochina
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 RightsU.S. energy giant ExxonMobil Corp (XOM.N) has formally exited
Crude Oil
02-01-2024

India Hikes Windfall Tax on Crude Oil
Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. Picture taken February 3, 2015. REUTERS/Rupak De Chowdhuri/FILE PHOTO Acquire Licensing RightsIndia has hiked the windfall tax on crude oil while redu
Oil & Gas Technology
30-12-2023

Nigerian Govt Proposes 1M Gas-Powered Vehicles by 2027 – PCNGI
The Presidential Compressed Natural Gas Initiative, PCNGi, says the Federal Government plans to put one million gas-powered vehicles on the road by 2027.PCNGi’s Chief Executive Officer and Project Director, Michael Oluwagbemi, made this known in
LNG
29-12-2023

Petronet LNG to Set Up LNG Terminal on East Coast of India
Indian LNG importer Petronet LNG Limited (PLL) has signed binding transaction documents with Gopalpur Ports to set up its maiden LNG terminal on the east coast of India.According to Petronet LNG’s social media update, sub-concession agreement, s
LNG
29-12-2023

Key Milestone for Congo LNG Project as Eni's Tango FLNG Receives First Gas
Italian oil and gas company Eni has introduced the first gas into the Tango floating LNG (FLNG) facility moored in Congolese waters.Courtesy of EniEni revealed this ‘key milestone for the Congo LNG project’ on December 28, 2023, noting
Oil & Gas Supply
29-12-2023

Russian Pipeline Gas Exports to China to Exceed 22.5 Bcm in 2023 - Gazprom
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 RightsRussian natural gas exports to China via Power of Siberia 1 pipeline will exceed 22.5
LNG
29-12-2023

China Aims to Build More Than Half the World's Cleaner-Fuel Ships by 2025
Labourers work on a section of a ship, which is under construction at the Waigaoqiao shipyard, in Shanghai November 5, 2013. Picture taken November 5, 2013. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsChina has set itself the goal of producin

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