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Natural Gas

KUFPEC Deal to Ensure Energy Security

Petroleum Exploration (Pvt) Limited (PEL) has acquired key energy assets from Kuwait Foreign Petroleum Exploration Company (Kufpec).This strategic move not only…

Oil & Gas Trade

Iraq Surpasses Saudi Arabia in Weekly Oil Exports to US

Oil tankers dock at a floating platform, offshore from the southern Iraqi port cityThe US Energy Information Administration (EIA) announced on Saturday that Ira…

Vietnam

Sembcorp Revises Timeline for Vietnam Hydropower Acquisition

Sembcorp Industries has updated the timeline for completing its acquisition of a 49MW hydropower asset in Vietnam, part of a larger deal to expand its renewable…

Natural Gas

Nortrans Offshore Wins Flotel Work on Romanian Gas Project

Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem for one of its maintenance and suppo…

Hydrogen Technology

AZL Aachen Completes Hydrogen Tank R&D Project

Final report delivery AZL and partners provides a deep dive into design and production trends, findings and other insights related to the development of thermos…

Oil Field

Brava Energia Restarts Production at Papa-Terra Field

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.Du…

Hydropower Plant

NYPA Approves $70.6 Million Contract for Crane Upgrades at St. Lawrence-FDR Project

The New York Power Authority (NYPA) Board of Trustees has approved a $70.6 million contract for the design, fabrication, and installation of two new gantry cran…

Natural Gas

Saipem’s Castorone en Route to Türkiye’s Largest Natural Gas Field for Pipeline Installation

Saipem’s pipelay vessel Castorone is on its way to the Black Sea where it will perform offshore pipeline installation for the second phase of Türkiye…

Oil Price

Oil Inches Lower in Thin Trade, Investors Eye China, US Data

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to …

Libya

Libya’s Oil Production Surpasses Annual Target

The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an add…

Natural Gas

Eni Fires up Africa Oil and Gas FPSO Project

Eni on Saturday successfully started production of Phase 2 at its Baleine field offshore Ivory Coast, which will boost production at the asset to 60,000 barrels…

Dam

Hydro Tasmania Awards Edgar Dam Upgrade to Local Business

Hydro Tasmania has awarded the contract to upgrade the Edgar Dam to Tasmanian civil construction company Hall Earthmoving. Work on the project will begin in lat…

China

Iron Ore Price Reverses to Losses as Weakening China Steel Consumption Drags

Iron ore futures prices fell on Thursday, reversing from earlier gains, with weakening downstream steel consumption dampening sentiment and investors hungry for…

Natural Gas

Petrobras Informs About New Law for the Oil and Gas Sector

Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content s…

Hydrogen Technology

Korea Proposes New Global Standards for Hydrogen Technology at ISO/TC197 General Assembly

Two hydrogen technologies proposed by Korea as new international standards have received the consent of experts at the recently held ISO/TC197 General Assembly,…