Oil

Oil Price

Azerbaijani Oil Price Exceeds $90

Baku, August 5, AZERTACThe Azerbaijani oil price has increased in the world markets.The price of a barrel of Azeri Light crude oil rose $1.21 to trade at $90.11…

Coal Production

Turkey Approves New Coal Mining to Feed Power Plants

Police used water cannon and teargas against local people and environmental activists who protested against the destruction of the Akbelen forest in Turkey&rsqu…

Oil&Gas Drilling

Canada-Based Trillion Energy to Explore Oil in Southeastern Türkiye

Canada-based energy company Trillion Energy has announced that it has entered into a farm-in agreement with Derkim Poliüretan Sanayi to earn a 50 percent w…

Oil&Gas Drilling

UK Businesses Punished by £3.5bn Energy Surcharge, Labour Says

Starmer North SeaBritish industry has paid a £3.5bn premium on its energy costs under the Conservatives, Labour has claimed, weeks after Sir Keir Starmer …

Oil and Gas Equipment

Totalenergies Reports Pump Leak, Unit Shutdown at Texas Oil Refinery

TotalEnergies Petrochemicals & Refining USA reported a leaky pump at its oil refinery in Port Arthur, Texas, which it said forced it to shut down a unit."A pump…

Oil and Gas Equipment

Nigeria's Tinubu Hails Significant New Gas-Fired Power Plant

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File PhotoNigeria began con…

LNG

Construction of LNG Canada Pipeline, Coastal Gaslink, in Full Swing

Coastal GasLink, the 670-kilometre pipeline that will transport natural gas to the approved LNG Canada facility near Kitimat, is nearly 92% complete, according …

Carbon Capture

Seven Companies Team Up on Carbon Capture and Storage Project in Japan

ITOCHU Corporation, Nippon Steel Corporation, Taiheiyo Cement Corporation, Mitsubishi Heavy Industries (MHI), ITOCHU Oil Exploration Co., INPEX Corporation, and…

LNG

Air Products Secures Work on Nextdecade's Rio Grande LNG Project

Industrial gases company Air Products has signed agreements to supply its proprietary LNG process technology and equipment to Rio Grande LNG Phase 1 Project bei…

LNG

HD KSOE to Build LNG Carrier Pair Under $530 Million Deal

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has clinched an order to construct two liquified natural gas (LNG) carrie…

LNG

Mexico Pacific and Conocophillips Conclude Long-Term LNG Deal

Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, has signed long-term LNG sales and purchase agreements with the U.S. energy gi…

Oil Price

Brazil's Petrobras Beats Profit Forecast, $3 Bln Payout Announced

Brazil's state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo MoraesSAO PAULO, Aug 3 (R…

LNG

Modules Construction Starts for $5.1 Billion Canadian LNG Project

Qingdao McDermott Wuchuan Offshore Engineering (QMW), the joint venture between US contractor McDermott and China State Shipbuilding Corporation, has started co…

Green Hydrogen

US Energy Giants Build Campaign Against Clean Hydrogen Regulations

Oil companies and utilities are pushing for their own tax credits for partly fossil fuel-powered projects.Energy companies and utilities across the United State…

Oil Exploration

Totalenergies' $27BN Bet on Iraq Boosts Ailing Oil Industry

Pouyanne at the signing ceremony for the dealTotalEnergies’ signing of a long-stalled $27 billion deal to develop several energy-related projects in Iraq …