Oil

Oil & Gas Trade

Maha Energy Proposes Carve-Out of Brazil's 3R Onshore Assets, Tie-up With Petroreconcavo

Sweden's Maha Energy (MAHAa.ST), opens new tab on Wednesday said it had acquired 5% of Brazilian oil firm 3R Petroleum (RRRP3.SA), opens new tab and propose…

LNG

China Delivers First LNG FSRU to Cyprus: A Milestone in BRI Cooperation

In a significant milestone under the Belt and Road Initiative (BRI) cooperation, China has delivered its first floating storage and regasification unit (FSRU) f…

Oil & Gas Trade

Ukrtransgaz to Invest Over $26 Mln in Gas Storage Facilities in 2024

Ukrtransgaz will invest UAH998.277 million (about $26.4 million at the current exchange rate) in natural gas storage facilities this year in line with the plan …

LNG

Trafigura Seals Long-Term LNG Deal With Canada's Largest Natural Gas Producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the …

Oil&Gas Drilling

Norway Boosts Oil, Gas Drilling, Including in Arctic

Drilling rigs and ships anchored in Skipavika, Norway April 1, 2018. Picture taken April 1, 2018. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsNorw…

Oil & Gas Trade

Totalenergies Initiates Force Majeure on Russia's Arctic LNG 2

A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settleme…

United Kingdom

Shell to Exit Nigeria's Troubled Onshore Oil After Nearly a Century

Shell (SHEL.L), opens new tab is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a…

Oil & Gas Trade

US Oil Output Due to Drop in February for 5th Straight Month, EIA Says

U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA)…

Oil & Gas Trade

Exxon to Buy Another 1.2 Mln Tonnes of LNG per Annum From Mexico Pacific

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/F…

Oil & Gas Trade

China to Boost January Diesel, Jet Fuel Exports, Add to Global Supply

A worker stands next to a shipping container area in Shanghai Yangshan port December 7, 2011.REUTERS/Aly Song/File Photo Acquire Licensing Rights, opens new tab…

LNG

Trafigura Seals Long-Term LNG Deal With Canada's Largest Natural Gas Producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the …

Oil & Gas Trade

New York-Listed Player Snaps up Gulf of Mexico-Focused Oil and Gas Producer for $1.29 Billion

New York-listed Talos Energy has inked an agreement to acquire compatriot QuarterNorth Energy in a $1.29 billion deal, potentially widening its deep-water asset…

Oil & Gas Trade

TotalEnergies Will Take FID On Ubeta Gas Project In 2024 – MD

The Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer has reconfirmed that the company would take the final investment …

Oil & Gas Trade

Talos Energy to Acquire Quarternorth Energy for $1.29 Bln

Oil and gas company Talos Energy (TALO.N) said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster it…

Biofuel

USDA Boosts Forecast for 2023-'24 Soybean Oil Use in Biofuel Production

The USDA increased its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, re…