Oil

Oil & Gas Trade

Europe Spends Nearly Half Billion Euros for Azerbaijani Gas Imports

Europe's expenditure on Azerbaijani gas imports in April 2023 have reached nearly 490 million euros, Trend learned from Eurostat, the statistical office of …

Oil & Gas Trade

Chevron Offers to Sell Oil and Gas Properties in New Mexico, Texas

Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents seen by Reuters, as the U.S. oil major look…

Crude Oil

Oil Companies on Fundraising Spree for Energy Transition

Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurry…

Gas Turbine

Gas Turbine Combustion Auto-Tuning Solution Reduces Nox Emissions by 120 Tonnes a Year

To meet the new emissions standard, it was clear the turbine required a retrofit solution.Chinese powerplant meets new emissions standard with bespoke solution …

Oil & Gas Trade

Average price cap forecasts fall as Ofgem revises definition of typical energy consumption

Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023,…

LNG Carrier

CoolCo Buying Two Lng Carriers Newbuilds for $234M Each

LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures.CoolCo said that the Mega LNG …

Oil & Gas Trade

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf

According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further …

Oil & Gas Trade

Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years

Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company d…

Natural Gas

Finnish Gas Demand Set to Rise 27% – TSO

Image: Shutterstock.com(Montel) Finnish gas consumption is set to rise by 27% this year due to lower prices, but demand is unlikely to return to pre-crisis leve…

Crude Oil

Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage

NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset w…

Crude Oil

CGX, Frontera Announce Major Oil Discovery off Guyana

The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and…

Oil & Gas Trade

Petrobras' Green Venture: From Oil Giant to Hydrogen Exporter?

Petrobras, Brazil’s state-controlled oil giant, is setting its sights on the burgeoning hydrogen market. Mauricio Tolmasquim, Petrobras’ Director of…

Green Hydrogen

Portugal to Begin 10 Percent Hydrogen Fuel Blending in Natural Gas Grid

The country is adapting its grid to begin transporting the mixed fuel starting as soon as this year.REN of Portugal has begun adapting its high pressure natural…

LNG Carrier

INEOS Charters Two LNG Carrier Newbuilds From MOL

London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to b…

LNG Carrier

Second Russian Oil Ship Docks at Karachi Port

WORKERS moor the vessel carrying Russian oil at the Karachi Port, on Tuesday.—Courtesy KPTJust two weeks after the arrival of the first-ever Russian oil ship c…