Oil

Oil & Gas Trade

Kazmunaygas, Socar to Ink Agreement to Boost Kazakh Oil Transit Through Azerbaijan - Magzum Mirzagaliyev (Exclusive Interview)

KazMunayGas, the national oil and gas company of Kazakhstan, and SOCAR, Azerbaijan's State Oil Company, will sign an agreement to increase the transportatio…

Carbon Emissions

In Climate Push, German Chemical Maker Swaps Oil for Sugar

At one of Europe's largest chemical complexes, German group Covestro is trialing the manufacture of a key product using sugar as a base material instead of …

LNG

Data Contradicts Rationale Underpinning Biden's Decision to Halt New Natural Gas Export Hubs

(Photo by Shawn Thew - Pool/Getty Images)Market data undermines one the Biden administration’s central justifications for pausing new approvals of liquefi…

LNG

Japan's Declining Gas Demand Will Leave Utilities With Persistent LNG Oversupply Through 2030

Japan’s LNG buyers are cultivating demand in emerging Asia to offload surplus LNG volumesOnce the largest global importer of liquefied natural gas (LNG), …

Oil & Gas Trade

Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit

General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo/File Photo Purchase Li…

LNG

Japan Boosts Reliance on Allies Australia, US for Long-Term LNG Supplies

A LNG tanker is seen at the Negishi LNG Terminal, which is jointly operated by Tokyo Gas and JERA, in Yokohama, Japan October 17, 2019. REUTERS/Yuka Obayashi/Fi…

Oil & Gas Trade

Nigeria Aims Big for Gas Sector With $575BN Investment Push

The Nigerian government has taken a significant step towards boosting its natural gas sector, inaugurating the Governing Council of the Midstream and Downstream…

Offshore Wind Power

Copenhagen Infrastructure Partners and Petrovietnam Partner in Vietnam

Denmark’s Copenhagen Infrastructure Partners (CIP) through its Growth Market Funds, has signed a Memorandum of Understanding (MoU) with Vietnam’s oi…

Oil & Gas Supply

Security Measures in Niger Delta Increased Oil Output by 200,000 Barrels – Verheijen

The federal government has settled for fiscal incentives in the Oil and Gas Sector to attract investments.Special adviser (SA) to the President on Energy, Olu V…

Oil & Gas Trade

Turkiye Examines Options for Obtaining Gas Supplies From Turkmenistan Through Azerbaijan

Ankara is considering options for supplying Turkmen gas to Turkiye through Azerbaijan, Iran and the Caspian Sea, Turkish Minister of Energy and Natural Resource…

Oil Price

Azerbaijan Oil Prices Decreases

The price of Azeri LT CIF Augusta decreased by $0.95 amounting to $86.32 per barrel on March 9, Azernews reports.It should be noted that in 2022, the average se…

Oil&Gas Drilling

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks - Baker Hughes

Dust blows around a crude oil pump jack and flare burning excess gas at a drill pad in the Permian Basin in Loving County, Texas, U.S. November 25, 2019. REUTER…

LNG

Major European Energy Companies Ask US Regulators to Deny Venture Global LNG's Permit Extension

A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/Fil…

Oil&Gas Drilling

Texas Challenges US EPA Limits on Oil and Gas Industry Methane Emissions

A smoke stack at the Valero refinery by the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Purchase Licensi…

Oil & Gas Trade

Petrobras Shares Plunge on Axed Dividend as Brazil Pushes More Investment

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Phot…