Oil

Oil & Gas Trade

Hungary to Buy 5% Stake in Azerbaijan's Shah Deniz Gas Field

Hungarian state-owned energy conglomerate MVM will buy a 5% stake in Azerbaijan's Shah Deniz gas field, it said in a statement on Wednesday.Hungary, a landl…

Gas Power Stations

Entergy Texas Proposes Natural Gas Power Plants as Electricity Need Surges

Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.If approved…

LNG

Russia's Sibur to Increase Ust-Luga LPG Exports by 25% in June

The logo of Russian petrochemical company Sibur is seen on a board at the St. Petersburg International Economic Forum 2017 in St. Petersburg, Russia, June 1, 20…

Oil & Gas Trade

Kazakhstan Launches Major Oil Projects in Caspian Sea

Kazakhstan’s national oil and gas company KazMunayGas and Russia’s Lukoil have commenced the implementation of Kalamkas-Sea and Khazar projects, rep…

Oil & Gas Trade

Air Liquide Plans $250 Million Plant to Supply Gas for Chipmaker Micron

FILE PHOTO: The logo of Air Liquide is seen at the company's headquarters in Paris, France, April 24, 2020. REUTERS/Charles Platiau/ file photoAir Liquide w…

Oil Pipeline

TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business

The logo of energy transport firm TC Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Ch…

LNG

Saudi Aramco Holding LNG Talks With US Firms Tellurian, Nextdecade, Sources Say

A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Purchase Licensing RightsOil…

Oil & Gas Trade

US Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says

U.S. Secretary of Energy Jennifer Granholm listens to questions from the audience during the PR100 event in Orocovis, Puerto Rico, March 28, 2023. REUTERS/Gabri…

LNG

ADNOC L&S Eyes New LNG Carrier Additions and Buys Shipping Player With 32-Tanker Fleet

ADNOC’s shipping and maritime logistics arm, ADNOC Logistics and Services (ADNOC L&S), has signed a letter of intent (LoI) for the construction of multipl…

Oil&Gas Drilling

Green Light for BP and Trinidad and Tobago's Firm for Cross-Border Offshore Gas Field

BP Trinidad and Tobago, a subsidiary of the UK-headquartered energy giant BP, and Trinidad and Tobago’s National Gas Company (NGC) have secured a two-year…

Oil & Gas Trade

Azerbaijan, Turkiye Extend Gas Supply Agreement From Shah Deniz Field

Baku and Ankara have signed an agreement to extend the supply of Azerbaijani gas under Stage-1 of the Shah Deniz field development, Azernews reports.The documen…

LNG

Full Production Restored at Chevron's Flagship LNG Project

Chevron's Gorgon gas facility in Australia.Photo: CHEVRONUS supermajor Chevron has restored full liquefied natural gas (LNG) production at its Gorgon projec…

Oil&Gas Drilling

Asian Yard Wins Significant EPCIC Contract for Murphy Oil's First Field Development Offshore Vietnam

Vietnam’s PTSC Mechanical & Construction (PTSC M&C), a subsidiary of PetroVietnam Technical Services Corporation (PTSC), has won the engineering, procurem…

LNG

US LNG Exports Rise in May as Freeport LNG Returns to Production

Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 1…

Oil & Gas Trade

US Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Purchas…