Gas trade

Oil & Gas Trade

BP Posts Record Profit and Raises Dividend on Oil Price Boost

Fuel prices at a BP filling station in Liverpool. BP will invest up to $1 billion a year in 'high quality' oil and gas projects. PAOil company BP has po…

Oil & Gas Trade

Turkey’s Ceyhan Oil Port Disrupted by Weather as Earthquake Damage Assessed

Adverse weather conditions are obstructing loading operations at Turkey’s Ceyhan port, where the impact of Monday’s immense twin earthquakes is stil…

Oil & Gas Trade

Energy Workforce & Technology Council: Oilfield Services Employment Highest Since March 2020

(WO) — Employment in the U.S. oilfield services and equipment sector rose by an estimated 3,069 jobs to 652,090 in January, according to preliminary data from …

Oil & Gas Trade

Shell and Conocophillips More Than Doubled Their Earnings in 2022

The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 ea…

LNG

Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC

Singapore, 31 January 2023 – Mayer Brown advised Itochu Corporation in connection with a 15-year Liquified Natural Gas (LNG) sale and purchase agreement with R…

Oil & Gas Trade

EU Ramps up Non-Russian Diesel Imports Ahead of Embargo

EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil pro…

Oil & Gas Trade

Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal

Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, sa…

Oil & Gas Trade

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.ExxonMobil,…

Oil & Gas Trade

U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President

United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu …

Oil & Gas Trade

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

Eni Chief Executive Claudio Descalzi and National Oil Corporation (NOC) head Farhat Bengdara attend the signing of an agreement between the two companies as Ita…

Oil & Gas Trade

Colombia Will Not Issue New Oil and Gas Exploration Contracts

The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy…

Oil & Gas Trade

Global Oil Demand Will Surge to Record This Year as China Reopens, Iea Says

A drilling platform at Norway's giant offshore Johan Sverdrup field.Global oil demand will surge to a record this year following the end of coronavirus rest…

Oil & Gas Trade

Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization

KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…

Oil & Gas Trade

OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China

Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…

Crude Oil

Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal

Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…