The two companies are approaching a decision on the giant MJ gas field project, part of India’s troubled KG-D6 block.
SK E&S is offering Sri Lanka an LNG terminal for free as long as it signs up to a 20-year sales-and-purchase agreement.
GeoPark has successfully drilled and tested the Uaken 1 exploration well in the Fell block in Chile.
Global EPC company Black & Veatch has delivered the regasification system for the world’s first barge-based FSRU.
Argentine company Pampa Energia has agreed to sell $360 million in oil assets to fellow local company Vista Oil & Gas.
PetroChina’s Liaohe Shuang 6 underground gas storage depot is supplying up to 10 million cubic metres per day.
Northwest China received 25.40 billion cubic metres of gas from major long-distance pipelines in 2017, a year-on-year increase of 2.58 bcm.
China produced 147.4 billion cubic metres of gas in 2017, up by 8.5% year on year.
Algerian NOC Sonatrach has signed a deal with UK oil trader Vitol Group to have its crude refined in Italy and shipped back to it as refined products.
Glencore Cameroon has sold 50% of its stake in the Bolongo block to Perenco Cameroon.
MEPs have backed more ambitious energy and climate targets but will need support from EU countries if they are to be adopted.
Shell’s Rhineland refinery in Wesseling, Germany. SOURCE: Shell
Ithaca Energy agrees to sell its entire interest in licenses PL089, P534 and PEDL 328 to Verus Petroleum SNS Limited.
Three-way agreement is ‘technological first,’ says Saudi Aramco president.
According to analysis by WalletHub, STEM professionals can make the most bank in Houston’s metropolitan area.
All seafarers working in UK waters must be paid at least minimum wage rates, the government warned in new guidance published Thursday.
US crude oil stocks fell for a ninth straight week, led by a record drawdown at the US storage hub in Cushing, Oklahoma, EIA says.
EnQuest hires investment bank Jefferies to advise on a sale of a 20% stake in its recently-started Kraken field, according to a document seen by Reuters.
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation.
Venezuela’s crude oil production fell nearly 13% last year, according to figures released by OPEC.
A record draw from America’s largest crude storage hub helped lift prices from the day’s lows, but not enough to ease fears.
There is little doubt that China’s voracious appetite for LNG is the prime mover behind the spot price for the fuel reaching its highest in more than three years, but what happens next?
The UK’s Oil and Gas Technical Apprentice Programme (OGTAP) is marking its 20th anniversary by encouraging more young women to join the oil and gas industry.
Iraq signs a memorandum of understanding with BP to boost production capacity from its northern Kirkuk oilfields.
Tulip Oil Netherlands Offshore B.V. confirms that it will proceed with the development of the Q10 gas field.
Woodside Petroleum expects to reveal plans for expanding its prized Pluto LNG project and connecting it to the North West Shelf LNG complex soon.
European trading house Vitol reaches deal with Shoreline to finance an oilfield in exchange for access to some of the 50,000 barrels per day it produces.
South Stream Transport has started work on the Turkish Stream receiving terminal in Turkey.
Ukrainian state-owned company Naftogaz will have to buy a minimum of 4 billion cubic metres per year of gas from Gazprom in 2018 and 2019.
Import-reliant Mexico has plans to store up to five days’ supply of gas in case of a crisis. And keeping the lights on can be a private sector opportunity, says a senior official.
Brazilian state-owned giant Petrobras produced record volumes of oil and gas in 2017.
Colombian gas production fell by 6% in December on an annual basis, according to Energy Ministry data released this week.
The Yuedong LNG terminal in Guangdong province has received its first cargo of 2018.
The United States is set to become a net exporter of gas in 2018 for the first time since 1957.
PetroChina’s Tuha Oilfield and Qinghai Oilfield subsidiaries have supplied 1.64 billion cubic metres since the heating season began.
Sichuan in southwestern China is expected to produce 5.1 billion cubic metres of shale gas in 2018.
The Tiguentourine complex in Algeria produced 8.8 billion cubic metres of gas in 2017, a level last attained before insurgents attacked the facility in 2013.
Ophir Energy has announced that talks on funding the Fortuna FLNG project in Equatorial Guinea are continuing.
Morocco will tender the construction of a major gas processing plant and has already selected financial and technical consultants for the project.
Chevron will restart drilling for oil and gas at the Sarta 3 block in Iraqi Kurdistan “in the near future”, the company has said.
Kuwait’s oil minister Bakhit al-Rashidi says there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers.
The rules address a long-held complaint by China’s state-owned oil companies.
Ukraine will return to buying gas from Russia in 2018, ending a more than two-year hiatus.
he new capacity is the equivalent of 704,000 bpd of crude processing.
Muhammad Ali bin Muhammad Nor faces two charges of conspiring with Shell employees as part of a scheme to steal oil from Shell’s Palau Bukom industrial site, court documents show.
The world’s third biggest oil importer last year eased rules and allowed companies to carve out areas where they want to drill.
A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude.
Crude edged higher as OPEC showed increased determination to curb production and tighten markets.
High imports of fuels like diesel from the Middle East are also capping profits for European refiners.
Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian continental shelf.
The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply.
Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment.
The Niger Delta Avengers (NDA) warns that it will carry out deadly attacks on Nigerian oil sector players in the next few days.
After serving for 10 years as president and CEO of the API, Jack Gerard is calling it quits.
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted ‘strong interest’.
Africa-focused Tullow now holds stakes in nine Ivorian blocks.