Oil

LNG

Gazprom JV Sues Linde Over Stalled LNG Project

A court in St. Petersburg has frozen the Russian assets of industrial gases and engineering giant Linde, which is being sued by a Gazprom joint venture over a s…

Energy Subsidies

Only N3.36 Trillion Has Been Earmarked for Fuel Subsidy in 2023 Budget – Finance Minister

Nigeria’s Minister of Finance, Mrs Zainab Ahmed, has revealed that only N3.36 trillion was earmarked for fuel subsidy in Nigeria’s 2023 budget.She d…

Oil Exploration

First Oil Flows Into Jack-up Rig After It Gets New Lease on Life as Mopu

India’s government-owned company Oil & Natural Gas Corporation (ONGC) has welcomed the first oil flowing into a jack-up rig, which was recently converted …

LNG

Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria

President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adv…

Oil & Gas Trade

FPSO Gets More Time With Eni Off Nigeria

While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage a…

Crude Oil

Energy outlook: Oil making a comeback in 2023, says WoodMac

With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023…

Oil Price

Oil Swings on First Trading Day of 2023 Amid Demand Concerns and IMF Recession Warning

Fund's managing director says the global economy faces 'a tough year, tougher than the year we leave behind'IMF chief Kristalina Georgieva repeated an earlier w…

Natural Gas

U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden

Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…

Oil & Gas Trade

Bintai Kinden Expands Further into O&G

Company's 51%-owned sub-subsidiary, Bintai Energy, awarded RM4.0 million subcontracts by Petro Flanges & Fittings and received licenses from Petronas to sup…

Power Construction

10 Near-Term Global Power Sector Trends

While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. Th…

Natural Gas

Eastern Kazakh Natural-Gas Supply To China Halted

Workers walk near oil pumps at the Uzen oil and gas field in the Mangistau region of Kazakhstan. (file photo)Officials in an eastern Kazakh region say gas expor…

Crude Oil

Venezuela Loads Crude Under Eased Sanctions

Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevr…

Net Zero Emission

BP Buys Us Biogas Company in a Push to Reduce Carbon Intensity

UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company.Archaea Energy operates 50 R…

Oil&Gas Drilling

Breathing New Life Into Oil Rigs

While it is expected that a day will come for the offshore oil and gas infrastructure to be retired at the end of active service life, does this have to be the …

Oil & Gas Trade

What Will the New Year Bring to the Oil & Gas Industry?

The year, which is now behind us, was marked by a global energy crisis and price volatility, putting the energy trilemma into stark relief. However, 2023 is sti…