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Gas
Natural Gas
US Natgas Output to Decline as Demand Hits Record High in 2024, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Ter…
Natural Gas
TotalEnergies Completes Acquisition of SapuraOMV Upstream Assets in Malaysia
TotalEnergies has completed the acquisition of the interests of OMV and Sapura Upstream Assets in SapuraOMV Upstream, an independent gas producer based in Malay…
Crude Oil
Argentina Hydrocarbon Production Nears Record Highs
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from Vaca Muerta shale formation, which is offsetti…
Oil Price
Saudi Arabia Cuts Oil Prices
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the …
Natural Gas
Gas Prices Rise for Eighth Week Straight
The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday.The average gasoline …
Oil&Gas Drilling
48 Billion Boe Potential: Indonesia Offers Six More Blocks
Indonesia’s Ministry of Energy & Mineral Resources (ESDM) has unveiled the country’s second acreage offering of 2024.Six blocks are on the table wit…
Oil Exploration
Bangladesh Gears up to Restart Offshore Oil, Gas Exploration With Fresh Bidding Process
The last time gas was discorvered in the sea was 11 years ago and the only things that have happened since are discussions and speculations.However, momentum is…
Oil & Gas Technology
Iran Offers Cooperation With Gas Exporting Countries in Oil and Gas Technologies
Azim Kalantari-Asl, speaking during a visit by GECF ministerial delegates to the research facility, outlined key areas for collaboration, including gas reservoi…
Oil&Gas Drilling
Drillship for East Sea Gas Exploration Project Arrives in Busan
A drillship tasked with initiating the drilling operation for a major gas and oil exploration project in the East Sea arrived Monday at an offshore anchorage ne…
LNG
Pakistan Opts for Azerbaijani LNG Over Deferred Qatari Shipments
Pakistan LNG Ltd (PLL) held an emergency board meeting on Sunday to review the gas demand and supply situation and will meet again on Monday to finalize the off…
Crude Oil
Oando Raises Oil Production Output by 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months.It said the achievement followed the acquisition of Nigeri…
LNG
Qatar to Double LNG Output to 160MN Tpy in a ‘Responsible Way’, Says Al-Kaabi
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi at the ‘Newsmaker interview’ at the Doha Forum 2024 Saturday. PICTURE: Thajud…
Crude Oil
Crude Oil Recovered After Train Collision in Sancti Spíritus
Cuba-Petroleum Union (CUPET) announced this Sunday that its teams are working intensively to recover the oil spilled following the train accident that occurred …
Natural Gas
Iran’s Annual Gas Production Reaches 275 Bcm: Oil Minister
Iran’s annual natural gas production has reached 275 billion cubic meters despite the United States’ unilateral and cruel sanctions, said Oil Minist…
Oil Field
Oil Producers Finalise $1.2b Acquisition as Norwegian Firm Exits Nigeria
Nigeria’s independent oil producer, Chappal Energies, has finalised the $1.2 billion acquisition of Norwegian oil giant, Equinor Nigeria Energy Company (E…
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