Gas trade

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…

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…

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 & Gas Technology

Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal

Aramco will supply 480,000 bpd of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and ChemicalSaudi Aramco said the deal with Shenzhen-listed petroc…

Oil & Gas Trade

Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration

A delegation from the Oil Ministry will travel to Turkey soon to meet energy officials to agree on new mechanismTurkey has said it will not export crude from Ir…

Oil & Gas Trade

Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says

The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia export…

Oil & Gas Trade

Venezuelan Oil Minister Resigns on Investigation

Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned …

Oil & Gas Trade

IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future

The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says

Energy Security

Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand

One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) ve…

Oil & Gas Trade

Russian Exports: Shipments Fall on Black Sea Storms, Druzhba

kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.C…

Natural Gas

Egypt to Announce New Energy Strategy in Coming Weeks

Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030

LNG

Bahrain Explores Constructing LNG Export Facility

Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets…

Oil Price

Biden Sets Sights on Scrapping Oil and Gas Subsidies

The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document…

Oil & Gas Supply

Slim Bunker Demand Pressures Low-Sulphur Fuel Oil

The increased use of vessel exhaust scrubbers has boosted HSFO demand, narrowing the spread with lower-sulphur bunker fuel, write Sammy Six and Sarah GiamVery-l…