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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
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
LNG
20-12-2023

New Stade LNG Jetty Opens Doors for Independent Energy Supply in Germany
Only 330 days after starting construction, Germany’s seaport company Niedersachsen Ports has handed over a new landing pier for floating storage and regasification units (FSRUs) in Stade to the state of Lower Saxony.Niedersachsen PortsThe constr
Oil & Gas Trade
20-12-2023

Slovakia Wins EU OK on Russian Oil-Based Products Sales to Czech Republic
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 RightsThe European Union has granted Slovakia a one-year extension on exporting fuels produced from
Crude Oil
20-12-2023

US Buys 2 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. bought 2.1 million barrels of crude oil, the Energy Department said on Tuesday, to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year.The department said it bought the oil, for delivery in February, f
Oil & Gas Trade
20-12-2023

Gazprom's 2023 Group Core Earnings Set to Drop Almost 40%
A view shows Gazprom's Amur Gas Processing Plant near the town of Svobodny in the Amur Region, Russia September 13, 2023. Sputnik/Mikhail Metzel/Pool via REUTERS/File Photo Acquire Licensing RightsRussian natural gas giant Gazprom (GAZP.MM) said o
Natural Gas
20-12-2023

COP29 Climate Summit Host Azerbaijan Touts Country's Gas Potential
A general view shows an embankment of the Caspian Sea in Baku, Azerbaijan, June 23, 2016. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsAfter winning a fraught bid to host next year's United Nations climate talks in Baku, a senior Azer
Oil & Gas Trade
20-12-2023

Germany's Sefe, Norway's Equinor Strike $55 Billion Gas Supply Deal
Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsGerman state-owned energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor (EQNR.OL) th
Oil & Gas Supply
20-12-2023

Texas Grid Over Relies on Natural Gas to Restore Power After Blackouts -Study
Energy crews work on electric line repairs after ice storms and freezing rain in the South left thousands without power and turned roadways into ice rinks during an extreme cold weather period, in San Antonio, Texas, U.S., February 2, 2023. REUTERS/Kaylee
Oil & Gas Trade
20-12-2023

Shell Greenlights 15th Us Gulf of Mexico Oil Platform
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James Acquire Licensing RightsShell PLC (SHEL.L) and Equinor ASA (EQNR.OL) on Tuesday greenlit a 90,000 barrels per day (bpd) oil and gas platform in

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