Oil

Energy Investment

Expending Business in Romania Oil Dynamics Wins Tender With OWV Petrom

OMV Petrom SA and Oil Dynamics GmbH have recently signed a five-year supply and service agreement for the provision of Electric Submersible Progressive Cavity P…

Oil&Gas Drilling

2nd Asset Integrity Management Conference

We are thrilled to announce that the 2nd Asset Integrity Management Conference - Qatar will be hosted by Cogent Event Management Solutions on May 23-24, 2023 in…

Oil Exploration

Fresh Batch of Offshore Contracts Brings Saipem $650 Million

Italian oilfield services provider Saipem has been awarded three new offshore engineering, procurement, construction and installation (EPCI) contracts and two f…

LNG

BAKER HUGHES RECEIVES MAJOR LNG ORDER FROM QATARENERGY

Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) fo…

Natural Gas

ACCC No Longer Forecasts Gas Supply Shortfall

The east coast gas market should see sufficient gas supply for 2023, as the latest report from the Australian Competition and Consumer Commission (ACCC) indicat…

Oil Pipeline

Sri Lanka & India in Talks for an Oil Pipeline From India to Trincomalee Port

Sri Lanka's President, Ranil Wickremesinghe, on Tuesday, March 28, disclosed that his government is in discussions with India to construct an oil pipeline t…

Natural Gas

IEC Eyes Maiden Gas Field Development in Indonesia

New York-listed upstream independent Indonesia Energy Corporation (IEC) is negotiating an extension for its producing Kruh block onshore Sumatra, Indonesia, whe…

Crude Oil

Surprise Move: OPEC+ Announces Deep Production Cuts to Stabilise Crude Markets

Together with Russia’s announced production cuts, Opec+ move spells output cuts of 1.6 million barrels per daySaudi Arabia, the United Arab Emirates (UAE)…

Oil & Gas Trade

EU to Maintain Russian Oil Price Cap at $60

The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to pet…

LNG

GTT Entrusted by Hyundai Samho Heavy Industries With the Tank Design of Three New LNG Carriers

GTT has announced that it has received an order from its partner the Korean shipyard Hyundai Samho Heavy Industries for the tank design of three new LNG carrier…

Oil Price

UAE Petrol and Diesel Prices to Decrease in April

Petrol prices have dropped for a second time this year. Victor Besa / The NationalThe prices of petrol and diesel in the UAE will fall in April, it has been ann…

Oil & Gas Trade

OPEC+ Likely to Maintain Output Cut Amid Strong Oil Market Fundamentals

Opec+ slashed its output by 2 million barrels per day in October last year. ReutersOpec+ will most likely roll over its existing output cuts when it meets on Ap…

Oil & Gas Trade

Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts

Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti…

Oil Price

Cornwall Insight Release Price Cap Predictions for July and October 2023

Prior to the introduction of the April-June 2023 Default Tariff Cap (price cap), Cornwall Insight are releasing our latest predictions for the third and fourth …

Natural Gas

Chevron, Marathon Oil and Equatorial Guinea Govt Pursuing Further Development of Gas Mega Hub

Houston-based energy company Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, has inked a Heads of Agreement (HOA) with t…