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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Global oil demand is projected to reach 120.1 million barrels per day (mb/d) by 2050, while energy demand will rise 24% during the same period, said the Organiz…
Oil & Gas Trade
South Africa Oil Group Seeks to Amend New Law to Woo Investors
Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramap…
Oil & Gas Trade
Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan
Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, com…
Oil & Gas Supply
US Seeks Up To 3 Million Barrels Of Oil For Emergency Reserve
The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that wou…
LNG
Chinese Player Entrusted With Flagship FLNG Project Unlocking ‘Stranded’ Offshore Gas Fields in Oceania
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New EnergiesWison New Energies (WNE), a China-based provider of clean energy…
LNG
Sinopec Says East China Shale Oil Field Pumping at 1,600 Tons a Day
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British ColumbiaSinopec (600028…
Oil & Gas Trade
Conocophillips Seeks to Keep Priority as Creditor in Citgo Auction
ConocoPhillips (COP.N), has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds fr…
Australia
Top Aussie Oil and Gas Firm Woodside Lifts Outlook After Record Q3 Production
A plant decorates the booth of Australian petroleum exploration and production company Woodside EnergyAustralia's top energy firm Woodside (WDS.AX), margina…
CCS
Japanese Companies Team up for Carbon Capture Project in Hokkaido
Japan Petroleum Exploration Co (1662.T), Idemitsu Kosan Co (5019.T), and Hokkaido Electric Power Co (9509.T),said on Tuesday they have teamed up to develop a ca…
Oil & Gas Trade
Kazakhstan Plans to Extend Ban on Liquefied Petroleum Gas Export for Another 6 Months
The authorities of Kazakhstan plan to extend the ban on the export of liquefied petroleum gas from the territory of the country for another 6 months, which was …
Oil & Gas Trade
Exxon Director Joins Elliott Group Seeking to Acquire Citgo Petroleum
A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo Purchase Licensing RightsExxon M…
Oil & Gas Trade
After Exxonmobil, Shell and Totalenergies Shake Hands With Botaş on 10-Year LNG Deals Fueling Türkiye’s Regional Gas Hub Aspirations
Following in the footsteps of their U.S. counterpart, ExxonMobil, two European energy giants, Shell and TotalEnergies, have sealed multi-year liquefied natural …
Oil & Gas Trade
India Plans to Keep Buying Cheap Russian Oil, Oil Minister Says
U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt and India's Minister of Petroleum & Natural Gas Hardeep Singh Puri sit on a panel as top energy…
Oil & Gas Supply
US Seeks up to 6 Million Barrels of Oil for Strategic Reserve
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…
Renewable Energy
Occidental’s 1POINTFIVE Secures Funding of up to $500 Mln From US DOE
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan…
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