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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
26-12-2023

Russia Continues to Process High Levels of Crude Mid-December
Russia's oil processing in the past week remained close to its highest daily refining runs in more than eight months amid decreased seaborne exports.The nation's refineries processed around 5.65 million barrels of crude a day from Decemner
Oil&Gas Drilling
26-12-2023

China's Deep Sea No 1 Gas Field Completes Natural Gas Condensate Tank Cleaning and Inspection
Deep Sea No 1, China's self-developed ultra-deep-water gas field, successfully completed its first-ever natural gas condensate tank cleaning and inspection operation, since commencing operations, China National Offshore Oil Corporation (CNOOC) sai
LNG
26-12-2023

Resources From the Russian Federation Account For Only 6.5% of Energy Purchases by the EU.
According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, the EU imported energy products worth €35.4B,
LNG
26-12-2023

Hutchison Ports Welcomes LNG-Powered 23K TEU Colossus CMA CGM Palais Royal
On December 19, Hutchison Ports BEST terminal received 23,000 TEU containership CMA CGM Palais Royal, one of the world’s largest liquefied natural gas (LNG)-powered vessels.Hutchison Ports BESTThe containership, built in 2020, is 400 meters long
Oil & Gas Trade
26-12-2023

Brazil's Enauta Buys Stake in Shell-Operated Parque Das Conchas
The Petroleo Brasileiro SA (Petrobras) MV30 Carioca floating, production, storage and offloading (FPSO) vessel anchored in Angra dos Reis, Rio de Janeiro state, Brazil, on Thursday, July 1, 2021. Few oil industries outside the Middle East are as well posi
Oil Price
26-12-2023

Petrol and Diesel Prices in Pakistan Likely to See Drop From Jan 1
Photo: OnlineIn a welcome development for the citizens of Pakistan, the interim government is poised to bring some respite from escalating living costs as it contemplates a reduction in petrol prices from the commencement of the new year.Sources privy to
Oil Field
26-12-2023

Enauta Acquires 23% Stake in Campos Basin Oil Fields for $150 Mln
Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million.In a securities filing, the company said that the transaction to acquire
LNG
26-12-2023

Chinese Oil Giant Hails Uganda's Approval to Construct Liquidized Petroleum Gas Facility
China National Offshore Oil Corporation (CNOOC) Uganda Limited said on Friday that it welcomed Uganda's recent license granting for the company to construct the liquidized petroleum gas (LPG) facility on the shores of Lake Albert in western Uganda
LNG
26-12-2023

Foreign Shareholders Freeze Participation in Russia's Arctic LNG 2
MOSCOW: Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant report
Oil Field
25-12-2023

Nigeria Billionaire, Alakija's Firm Gets Six Oil Blocks in Sierra Leone
F.A Oil Limited, a company owned by Nigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore oil blocks, following the issuance of a Petroleum Licencing Agreement by the Government o
Oil & Gas Trade
25-12-2023

Will US LNG Exports Reroute to Avoid Both the Panama and Suez Canals?
An LNG carrier docked at Freeport LNG Ship Terminal Texas - Image via LNG Development, L.P.By Anna Shiryaevskaya (Bloomberg) Liquefied natural gas cargoes recently loaded from the US and bound for Asia are changing course for longer voyages lasting more t
Oil & Gas Trade
25-12-2023

Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply
Saudi Arabia and Japan underlined the need to support stable global oil markets and secure stable global energy supply by promoting dialogue between oil producers and consumers. This was stated by Saudi Energy Minister Prince Abdulaziz bin Salman and Japa
Oil&Gas Drilling
25-12-2023

Brazil's Petrobras Starts Drilling 'Equatorial Margin' Well
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 Petroleo Brasileiro (PETR4.SA) on
Oil&Gas Drilling
25-12-2023

U.S. Shatters Oil Production Records in 2023
The U.S. produced over 4.49 billion barrels of crude oil in 2019, and this record has been exceeded in 2023.The Energy Information Administration's data indicates that the U.S. achieved this milestone around December 15, with a conservative estima
Oil&Gas Drilling
25-12-2023

Uganda Extends Oil Exploration Licence for Nigeria's Oranto by Two Years
Uganda's oil ministry said it has granted Nigerian firm Oranto Petroleum Limited a two-year renewal of an oil exploration licence for two blocks located in the west of the country.The licence extension, which covers the Ngassa Deep and Ngassa Shal
LNG
23-12-2023

Allseas Starts Subsea Pipelay Work for BP's Giant LNG Project in Africa
Swiss-based construction company Allseas has commenced work on UK energy major BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas (LNG) project offshore Mauritania and Senegal, with its vessels executing the subsea pipelay s
Oil & Gas Trade
23-12-2023

Equinor Sells Azerbaijan Assets, Eyes Loss of up to $400 Mln
Equinor's logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNorway's Equinor (EQNR.OL) said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energ
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

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