Oil

Oil & Gas Trade

Power Prices Drop in Ireland as EU Increases Gas Reserves

Cornwall Insight have reduced their short-term power market price forecast for Ireland, with predictions for 2024 dropping by over 18%. This could bring welcome…

Oil & Gas Trade

Transneft: Russian Oil Exports via Its Network Down 6.5% in 2023

A general view shows the Achinsk refinery, which was acquired by Rosneft company in 2007 and currently processes West Siberian crude delivered via the Transneft…

Renewable Diesel

Indonesia's Palmco Delays IPO, Plans Biodiesel Plant Investment

Indonesia has delayed plans for an initial public offering (IPO) of palm oil producer PalmCo, an official from its parent, state agricultural group Perkebunan N…

LNG

Finland's Gasum Procures LNG Cargo for Inkoo Terminal From Sefe

Finnish energy firm Gasum said on Wednesday it is delivering a U.S. cargo of liquefied natural gas (LNG) it procured from Germany's SEFE LNG to the Inkoo fl…

Nuclear Power Plant (NPP)

Japan's Hokuriku Elec Reports Second Oil Leak From Shika Nuclear Plant

Japan's Hokuriku Electric Power (9505.T) on Wednesday reported a second oil leak at its Shika nuclear power station which was shaken by a powerful earthquak…

LNG

Vopak Consortium Selected to Operate New LNG Terminal in South Africa

South Africa has selected a Vopak (VOPA.AS) consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Rich…

Oil Price

Oil Prices Fall 1% After Surprise US Storage Build

Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. Picture taken March 29, 2022. REUTERS/Benoit Tessier/File Phot…

Oil & Gas Trade

China's 2023 Oil and Gas Output Hits Record High 390 Mil MT Oil Equivalent

China's combined oil and gas production hit a record high of more than 390 million mt of oil equivalent in 2023, representing an average annual growth rate …

Oil&Gas Drilling

Totalenergies Boosts Its Stake in Namibian Oil Discovery With Acquisition of More Interests in Two Offshore Blocks

French energy giant TotalEnergies has inked an agreement with Impact Oil and Gas Namibia to get its hands on additional interests in two blocks located offshore…

LNG

NYK Orders Man ES Engines for Four LNG Carriers

Japanese shipping company Nippon Yusen Kaisha (NYK) has ordered eight MAN B&W ME-GA engines from German manufacturer MAN Energy Solutions (MAN ES) for four 174,…

LNG

Nakilat Books LNG and LPG Carriers at Hyundai Samho in Fleet Expansion Move

Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG…

Oil&Gas Drilling

Exxon's Faces Hurdles in $2.5 Billion Exit From California Offshore

The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July…

LNG

Japan's Kyushu Electric May Invest in Lake Charles LNG Project in US

Kyushu Electric Power (9508.T) is considering investing in the U.S. Lake Charles liquefied natural gas (LNG) project of Energy Transfer (ET.N), among other proj…

Oil&Gas Drilling

US Oil Output to Touch a Record High in 2024, but Growth Will Slow - EIA

A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo …

Oil & Gas Trade

Algeria Held Oil and Gas Investment Talks With Exxonmobil

Plants are displayed at the booth of American multinational oil and gas corporation ExxonMobil during the LNG 2023 energy trade show in Vancouver, British Colum…