Gas

Oil Price

Oil Prices Jump to Multiyear Highs After OPEC+ Talks Yield No Production Deal

Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the grou…

Oil Field

Mud Volcano Explosion Near Major Caspian Sea Gas Fields

An explosion near an offshore field in the Caspian Sea has had media guessing as to what happened, after several shots and videos were released online.

Crude Oil

OPEC+ Fails To Hike Oil Production, Delays Decision Again

OPEC+ much-awaited resumption of talks today has now been delayed, indicating that Saudi Arabia and the UAE have not been able to broker any agreement after the…

Crude Oil

Opec+ Resumes Output Talks Amid UAE Standoff

Opec+ ministers are due to resume talks at 15:00 Vienna time today to try to defuse what is fast becoming the group's most serious crisis since it embarked on i…

LNG Carrier

Hyundai Heavy Industries Attains 94% of Order Intake Goal for 2021

Korea Shipbuilding & Offshore Engineering, an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94…

Gas turbine engine

Wärtsilä to Deliver Six Gas Engine Power Plants in Italy

Finnish energy technology company Wartsila has signed contracts with Italian utility Metaenergiaproduzione for the construction of six power plants.

LNG

World's Largest Dual-Fuel Container Ship Construction Project Concluded

So far, all 9 super large ships of the project have been completed and delivered on time, achieving a perfect ending.

Oil Pipeline

Video Shows Fire in Gulf of Mexico After Gas Pipeline Rupture

Mexico's state-owned oil company said Friday it suffered a rupture in an undersea gas pipeline in the Gulf of Mexico, sending flames boiling to the surface in t…

LNG

Global LNG Deliveries Rise in June

Worldwide LNG receipts increased compared with a year earlier for a fourth consecutive month in June but dropped from May and were at their lowest since October…

Oil Pipeline

Environmentalists Slam Mexico After Underwater Oil Rig Fireball in Gulf

Mexico’s state-owned oil company said Friday that an undersea gas pipeline ruptured near a drilling platform in the Gulf.

Oil Price

Oil Prices in S. Korea Hit 33-Month High

Retail oil prices in South Korea rose for the ninth consecutive week to reach the highest level in nearly three years amid a global oil rally.

Oil Exploration

Erdogan: Turkey will Continue Oil Exploration in Disputed Eastern Mediterranean

Turkey's president may be upping the ante against Greece, Cyprus and the European Union.

Crude Oil

OPEC Discussing Deal to Raise Oil Production by 2 million b/d by December: Sources

OPEC and its allies appear in striking distance of a deal on production quotas, discussing proposals that call for an output increase of about 2 million b/d fro…

Crude Oil

Aussie Onshore Explorer Starts Significant Onshore Oil Hunt

JV between Buru and Origin start the first of two large oil prospects in Canning basin

Oil Field

Equinor Brings Pioneering Martin Linge Oil and Gas Field Online

On June 30th, Equinor’s Martin Linge oil and gas field in the North Sea came on stream. The field is powered from shore, resulting in low CO2 emissions, and op…