Gas trade

Oil & Gas Trade

Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports

A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in…

OPEC

Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD

Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor…

Oil Field

Petronas Awards Banang Oilfield Prize

Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production,…

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…

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…

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…

Oil & Gas Supply

Global Oil Demand Could See Surprise Surge in 2023, Says Top Hedge-Fund Trader

But electric-vehicle adoption may stand in way to full return to trend, says Pierre AndurandGlobal demand for crude oil could see a bigger surge than traders an…

Oil & Gas Trade

Aramco Refining Unit Luberef Begins Trading on Tadawul After $1.32BN IPO

Company's listing is Saudi Arabia's third-largest IPO this year after Americana and Nahdi MedicalThe Tadawul All Share Index, the Arab world's large…

Oil & Gas Trade

Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies

Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…

Oil & Gas Trade

Putin Bans Export of Russian Oil to Countries That Implement Price Cap

Moscow: President Vladimir Putin Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude o…

Oil & Gas Trade

​AD Ports Group Signs Major Agreements With Kazakh National Oil Company Subsidiary

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 28th Dec, 2022) AD Ports Group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned…

Oil & Gas Supply

Turkey Announces Big Boost in Black Sea Gas Reserves

Upward projection could help Ankara realise its goal of becoming an energy hub for the regionScarabeo 9, a 115-metre-long, 78-metre-high Frigstad D90-type semi-…

Natural Gas

Natural Gas Futures Prices Edge Higher as Models Tease Mid-January Cold; Production Still Way Down

With natural gas traders’ fingers and toes still thawing out from the weekend’s Arctic blast, most remained on the sidelines of the action on Tuesda…

Oil & Gas Trade

Re Trade’ Starts, First Deals With Russia

Russian banks like Sberbank, VTB, Gazprom, BCS, MTS, Tinkoff, Soyuz, Credit Europe Bank (Russia), PSCB, Ros and JSCB have opened such accounts.Six of these acco…

Oil & Gas Trade

Russia’s Sberbank Urges Glencore to Resolve Dispute Over Oil Bill

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015. REUTERS/Arnd WiegmannMO…