Oil

Oil&Gas Drilling

NIDC Digs 36 Oil, Gas Wells in 4 Months

TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 36 oil and gas wells during the first four months of the current I…

Oil Price

Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year

Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…

Natural Gas

Eni’s Profit Cut Nearly in Half but Progress Made on Enlarging Natural Gas Portion of Global Portfolio

Italy’s energy giant Eni has revealed solid performance in the second quarter and the first half of 2023, despite its results being affected by a steep dr…

LNG

BP and OMV Ink Long-Term LNG Supply Agreement

UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply…

Oil & Gas Trade

Sunak Backs New UK Oil and Gas Exploration

LONDON, July 29, 2023 (BSS/AFP) - Prime Minister Rishi Sunak has backed plans to permit new fossil fuel exploration off Britain's coast, as he pledged to be…

Oil & Gas Trade

NPCC Lands $219M Adnoc Offshore Epc Project Contract

National Petroleum Construction Company (NPCC) has announced that it has received a letter of award from Abu Dhabi National Oil Company (Adnoc) Offshore for a c…

Thermal Coal

Nevada Utility to Convert Last Coal-Fired Plant to Natural Gas

Image by Peter H from PixabayIn the US, Nevada’s largest utility plans to retire its last coal-fired plant by the end of 2025 and convert it to run on nat…

Oil&Gas Drilling

National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030

It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total…

Oil & Gas Supply

Australian State Bans Gas to New Homes From 2024

SYDNEY: The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills,…

Oil&Gas Drilling

US Drillers Cut Oil Rigs for Eighth Month in a Row, Baker Hughes Says

A drilling rig is seen in the Austin Chalk about two hours outside of Houston, Texas, U.S., May 10, 2018. REUTERS/Ernest ScheyderU.S. energy firms in July cut t…

Oil Pipeline

Venture Global LNG's Calcasieu Pass 2 Project Gets Final U.S. Environmental Nod

Venture Global LNG's proposed Calcasieu Pass 2 (CP2) project in Louisiana on Friday received the U.S. Federal Energy Regulatory Commission's (FERC) envi…

Hydrogen Production

RWE Creates Preconditions for Constructing a Hydrogen-Ready Gas-Fired Power Plant in Weisweiler

RWE plans to build hydrogen-ready gas-fired power plants at its own former power plant sites in Germany by 2030 to help achieve the goal of phasing out coal 203…

LNG

Nearly 70 Ports Offer Bio-Lng Bunkers

Ships can now bunker bio-LNG at almost seventy ports worldwide, including Singapore, Rotterdam and the US east coast, according to SEA-LNG.A total of 355 LNG-fu…

Crude Oil

Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project

Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's …

Natural Gas

TC Energy to Spin off Oil Pipeline Business, Focus on Natural Gas

TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/IllustrationNorth American pipeline company TC…