The American Petroleum Institute (API) reported that the first four months of this year saw U.S. petroleum demand average 750,000 bpd above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 MMbpd of oil.
SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well, following the recent conventional natural gas discovery at South Disouq, Egypt.
An upcoming election and auction round will help determine the country's oil fortunes
MUMBAI/NEW DELHI, (Reuters) - At the International Energy Forum in Delhi in April, the world's top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project on India's west coast.
Liquefied natural gas (LNG) producers around the globe are once again considering new investments as expectations of a glut in supply wither away in the face of strong, China-led demand growth in Asia.
Total SA said it will not risk investing in Iran following the return of U.S. sanctions, unless it can secure a waiver.
Oil rose to $80/bbl for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.
FERC has authorized additional Atlantic Sunrise Pipeline operations that add 150,000 MMcf/d of incremental capacity and enable bi-directional flow on Transco's existing system.
he chief executive of the LNG Canada project on British Columbia's northern coast said that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year.
GTT has received an order notification from an Asian shipyard for the design of the LNG tanks of two new LNG carriers (LNGCs). These vessels will be built on behalf of a European shipowner.
The Abu Dhabi National Oil Company (ADNOC) announced that it has signed a Memorandum of Understanding (MOU) with Ravago Group (Ravago), a leading service solutions provider in the global polymers and chemicals market, to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.
U.S. agribusiness group Bunge said on Wednesday it was reducing biodiesel output at a German refinery, the latest in a series of production cuts in Germany following a surge of cheap imports of the green fuel into Europe.
Iran plans to sign a $1.16-billion agreement with the UK’s Pergas Resources International Ltd. to work on a southern oil field, marking the Persian Gulf nation’s first energy venture with a foreign company since U.S. President Donald Trump ripped up the Iran nuclear deal.
Wintershall has, together with its partners Capricorn, Spirit Energy, Edison and DEA, submitted the Plan for Development and Operation (PDO) for its operated North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy.
The gas market is being flipped upside down.
Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Iran.