Oil

Energy Investment

Aramco Closes $12.4bn Pipelines Deal with EIG-led Consortium

Sale of a 49% stake in Aramco Oil Pipelines attracted investors from North America, Asia and the Middle East

LNG

Chinese Joint Venture Orders Three more LNG Carriers

A joint venture between Chinese state-controlled shipowner Cosco Shipping Energy Transportation and state-owned energy firm CNPC has ordered another three LNG c…

Oil Exploration

Vår Energi Makes ‘Significant’ Discovery in Balder Area

Oil and gas company Vår Energi has made a ‘significant’ discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern …

Crude Oil

Venezuela’s Oil Boss Projects Soaring Output, Despite Crumbling Infrastructure and U.S. Sanctions

In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it.

Oil Field

China Discovers 900m-Tonne Oil and Gas Field in Xinjiang

China has discovered a new 900-million-tonne oil and gas field in the Tarim Basin in the northwestern Xinjiang Uygur Autonomous Region after six years' intensiv…

Crude Oil

Iraq Expects Oil Prices to Reach $80/bbl - State News Agency

Iraqi expects oil prices to reach $80 per barrel.

Oil & Gas Trade

Petrobangla Signs MOU with Indian H-Energy to Import R-LNG

State-run Petrobangla has inked a memorandum of understanding with Indian H-Energy recently to import re-gasified LNG (R-LNG) through a cross-border pipeline.

Energy-Eficient Building

How Improving Our Buildings can Help us Reach Net Zero

These emissions are mainly the result of burning fossil fuels for heating through our gas and oil boilers – as well as some for cooking.

Crude Oil

Crude Oil Prices Steady Near Multi-Year Highs

Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.

Oil Price

Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal

The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday

Crude Oil

Oilfield Services Receive A Major Boost As Oil Prices Rally

The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.

Natural Gas

Equinor Extends Heimdal Gas Center’s North Sea Service Contract to 2023

New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon.

Crude Oil

GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil

GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.

Natural Gas

Waga Energy’s Landfill Biogas Recovery Technology Gains Popularity in Canada with Second Installation Contract

Waga Energy has secured a contract with the Brome-Missisquoi Intermunicipal Waste Management Board to produce biomethane at the Cowansville landfill site in Qu…

Crude Oil

Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion

Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…