Gas

Oil Price

Oil Major BP Posts 70% Drop In Second-Quarter Profit, Raises Dividend by 10%

Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed acr…

Oil & Gas Trade

Shell to Sell More Oil Assets in Nigeria

Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in negotiations with Eroton Exploration and Pro…

Oil&Gas Drilling

Additional Time Secured for BW Offshore FPSO off Nigeria

Italian-headquartered oil and gas giant Eni has handed out yet another short-term contract extension to BW Offshore for one of its floating, production, storage…

Oil & Gas Technology

Top US Utility Group Opposes Emissions Plan For Existing Gas Plants-Source

The top U.S. utility lobby group intends to push back on the Biden administration's proposals requiring upgrades to existing natural gas-fired power plants …

Biofuel

Bentley Installs Biofuel Tank at Crewe Factory After Successful Biogasoline Performance Trial at Goodwood

Bentley has installed a 1,200-liter biofuel tank at its Crewe factory after successful performance trials of biogasoline—Sustain by Coryton—at Goodwood Festiv…

LNG

India's Petronet Eyes Lower Prices Under Renewed Long-Term Deal With Qatar

India's Petronet LNG NS> hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world's top liquefied natura…

LNG

BP Signs Long Term LNG Supply Agreement With Austria's OMV

bp’s LNG will be received and re-gasified through the Gate LNG terminal in Rotterdam. Credit: BP p.l.c.Bp has signed an agreement with Austria’s OMV…

Oil&Gas Drilling

US Offshore Rig Count Moves up a Step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed a notch last week while the total number of rigs…

Oil&Gas Drilling

UK to Grant New North Sea Oil and Gas Licences

© Reuters. FILE PHOTO: Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. …

Oil & Gas Trade

Egypt Green Lights Oil and Gas Deals Worth $319 Million: Report

Egypt has reportedly green lighted a trio of binding oil and gas agreements in the country, aimed at the drilling of multiple exploration wells, the country&rsq…

LNG

CP2 LNG Terminal, US

CP2 LNG export terminal project is being developed in Louisiana, the US, by Venture Global LNG’s subsidiaries, Venture Global CP2 LNG and Venture Global C…

Oil and Gas Equipment

S. Korea's 1st Indigenous Gas Turbine-Equipped Power Plant Begins Commercial Operations

South Korea has begun commercial operations of a power plant installed with the country's first homegrown gas turbine, its operator said Monday.Korea Wester…

Oil&Gas Drilling

NIDC Digs 36 Oil, Gas Wells in 4 Months

TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 36 oil and gas wells during the first four months of the current I…

Oil Price

Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year

Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…

Natural Gas

Eni’s Profit Cut Nearly in Half but Progress Made on Enlarging Natural Gas Portion of Global Portfolio

Italy’s energy giant Eni has revealed solid performance in the second quarter and the first half of 2023, despite its results being affected by a steep dr…