INTERNATIONAL Feed Atom

First output from Venezuela’s Dragon gas field expected in 2 years -Trinidad

2 years ago

23 December 2023

10:47 AM

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday.

Lack of Arctic tankers puts Russia’s LNG development dreams on ice

2 years ago

23 December 2023

10:43 AM

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.

India ranks second in LNG regasification capacity additions in Asia through 2027

2 years ago

22 December 2023

12:08 PM

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts GlobalData.

China seeks exemption from U.S. sanctions on Russian LNG plant

2 years ago

22 December 2023

12:04 PM

China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on a new Russian liquefied natural gas (LNG) export plant, a Beijing-based industry official with direct knowledge of the matter said.

Angola leaves OPEC in blow to oil producer group

2 years ago

22 December 2023

12:00 PM

Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices.

Oil extends weekly gains, up 1% as Red Sea tension persists

2 years ago

22 December 2023

11:57 AM

Brent crude futures were up 92 cents, or 1.16%, to $80.31 a barrel by 0931 GMT. U.S. West Texas Intermediate crude futures were up 96 cents, or 1.3%, at $74.85 a barrel.

Five mln barrels of Russian Sokol oil stuck en route to India

2 years ago

21 December 2023

12:02 PM

Almost five million barrels of Russia's Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday.

Canada strikes first deal to backstop carbon credit prices

2 years ago

21 December 2023

11:59 AM

Canada on Wednesday signed its first deal to backstop future carbon prices, a step that would help bring price certainty to firms looking to invest in carbon capture and storage projects that are key to cutting emissions.

Brent near $80 as US output hits record

2 years ago

21 December 2023

11:54 AM

Brent crude futures rose 13 cents, or 0.1%, to $79.80 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude was 4 cents higher at $74.26.

ONGC, Oil India shares rally up to 19% to hit one-year highs; here’s why

2 years ago

20 December 2023

12:09 PM

ONGC jumped 5.79 per cent to hit a 52-week high price of Rs 212. The surge was even higher for Oil India as the stock zoomed 19.15 per cent to hit its one-year peak price of Rs 406.

China oil output growth to slow in 2024 as supply harder to extract

2 years ago

20 December 2023

12:06 PM

China's oil production growth, driven by investment, is expected to slow down in 2024 as mature fields decline, necessitating state oil companies to explore more challenging shale and ultra-deep reserves.

Oil perks up as Red Sea tensions spark investor jitters

2 years ago

20 December 2023

12:02 PM

Brent crude futures rose 89 cents, or 1.1%, at $80.12 a barrel by 1101 GMT, while U.S. West Texas Intermediate crude climbed 93 cents, or 1.3%, to $74.87 a barrel.

Indian oil giant plans $10bn spend on green hydrogen and ammonia projects by 2035

2 years ago

19 December 2023

12:24 PM

ONGC, India’s largest state-owned oil & gas company, is planning to spend 800bn-850bn rupees ($9.6bn-10.2bn) on developing two million tonnes of green ammonia annual production capacity by 2035.

Some LNG vessels avoid passing Yemen after Red Sea attacks increase

2 years ago

19 December 2023

12:19 PM

Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

Some Canadian oil firms await Trudeau’s fate rather than cut emissions faster

2 years ago

19 December 2023

12:14 PM

Some Canadian oil and gas producers say they will not rush to accelerate emissions cuts until they see if unpopular Prime Minister Justin Trudeau survives long enough to implement his proposed oil and gas emissions cap.

Oil steadies as U.S. leads push to safeguard Red Sea vessels

2 years ago

19 December 2023

12:05 PM

Brent crude was up 9 cents at $78.04 a barrel by 1100 GMT. U.S. West Texas Intermediate crude for January , which expires on Tuesday, was down 1 cent at $72.46 while the more active February contract lost only 2 cents.

Turkey saves $2 billion on Russian oil as imports soar despite sanctions

2 years ago

18 December 2023

12:48 PM

Turkey and Turkish companies saved $2 billion on energy bills in 2023 by increasing Russian oil and refined product imports, despite Western sanctions.

Oil rises on Red Sea jitters, ample supply weighs

2 years ago

18 December 2023

12:43 PM

Brent crude futures were up 62 cents, or 0.8%, to $77.17 a barrel by 1150 GMT, while U.S. West Texas Intermediate crude rose 47 cents, or 0.7%, to $71.90.

Elon Musk says oil and gas should not be demonized

2 years ago

17 December 2023

11:44 AM

Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet.

Canada may cap water for oil and gas companies

2 years ago

16 December 2023

10:37 AM

The Alberta Energy Regulator has warned fossil fuel companies that their access to water, a key resource for extracting and processing hydrocarbons, may be restricted next year because of parched conditions in Western Canada.

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Latest News of Oil, Gas and Petrochemical industry

INTERNATIONAL Feed Atom

First output from Venezuela’s Dragon gas field expected in 2 years -Trinidad

Lack of Arctic tankers puts Russia’s LNG development dreams on ice

India ranks second in LNG regasification capacity additions in Asia through 2027

China seeks exemption from U.S. sanctions on Russian LNG plant

Angola leaves OPEC in blow to oil producer group

Oil extends weekly gains, up 1% as Red Sea tension persists

Five mln barrels of Russian Sokol oil stuck en route to India

Canada strikes first deal to backstop carbon credit prices

Brent near $80 as US output hits record

ONGC, Oil India shares rally up to 19% to hit one-year highs; here’s why

China oil output growth to slow in 2024 as supply harder to extract

Oil perks up as Red Sea tensions spark investor jitters

Indian oil giant plans $10bn spend on green hydrogen and ammonia projects by 2035

Some LNG vessels avoid passing Yemen after Red Sea attacks increase

Some Canadian oil firms await Trudeau’s fate rather than cut emissions faster

Oil steadies as U.S. leads push to safeguard Red Sea vessels

Turkey saves $2 billion on Russian oil as imports soar despite sanctions

Oil rises on Red Sea jitters, ample supply weighs

Elon Musk says oil and gas should not be demonized

Canada may cap water for oil and gas companies