Oil

LNG

McDermotts’ CB&I Wins More Philippines LNG Work

McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for a second storage tank at Atlantic Gulf and…

Natural Gas

Nord Stream 2 Says Fortuna Vessel Working on Final Stage of Project

Natural gas prices in Europe fell sharply following the report.

Oil Price

Oil Price Slides Towards July Low as US Output Rises for Second Week

The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…

Oil Price

Oil Prices Set For Longest Losing Streak Since March

After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be t…

Crude Oil

World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside

BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe…

LNG

Australia Faces "Precarious" Gas Supply in 2022, Watchdog Warns

The report paints a more dire picture than the Australian Energy Market Operator gave in March, when it said plans by billionaire Andrew Forrest to have an LNG …

Oil & Gas Trade

India's Petronet Aims to Extend Long-Term LNG Buy Deal with Qatar

Petronet has a deal to buy 7.5 million tonnes per year of LNG from Qatar under a long-term deal expiring in 2028

Crude Oil

EXCLUSIVE Brazil's Lower-Carbon Oil Projects can Lure Majors, Lift Sales -Official

Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil

Oil Field

Islamic State Attacks Iraqi Oil Field

An attack with an explosive device on an oil field in the northern Iraqi region of Kirkuk was blamed on Islamic State militants

Oil Field

Video: Mega Oilfield in Xinjiang Increases Output

​A mega oilfield in China's Xinjiang has increased output.

Crude Oil

Iran Oil Output Falls To 40-year Low In 2020

Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration.

Crude Oil

First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month

A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.

Solar Power Plant

Saudi Aramco Joins Local 1.5 GW Solar Project with a 30% Stake in Renewables Push

Saudi Aramco is investing, alongside the country's sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter's largest solar project with a capacit…

United Kingdom

Scotland’s First Minister Calls on UK to “Reconsider” Oil and Gas Permits

Scotland’s First Minister Nicola Sturgeon called on the UK government to reconsider oil and gas licenses, just days after a United Nations panel warned of dire…

Oil Field

POSCO International to Explore Gas Field in Malaysia

POSCO International will explore an offshore gas field in Malaysia to create a second success story following its jackpot in Myanmar.