Hungary’s gas storage sites are underused, but a recovery in the market could see utilisation rates rise, says the CEO of Hungarian Gas Storage Ltd.
Canacol Energy has announced a gas discovery at its Pandereta 1 well in Colombia’s Lower Magdalena Valley Basin.
Colombian pipeline operator Transportadora de Gas Internacional is seeking partners to invest in the country’s second LNG terminal.
Argentina’s Energy Ministry has announced that gas bills will increase by up to 58% for businesses and by as much as 43% for residential consumers.
Canadian independent Alvopetro plans to invest $1 million to develop an onshore gas asset in northeastern Brazil
Colombia’s gas production fell by 10.6% in October on an annual basis, according to Energy Ministry data.
China National Offshore Oil Corp. has sent out 300,000 tons of LNG from its Yuedong terminal in Guangdong since sales started in May.
Anadarko, the operator of Offshore Area 1 in Mozambique’s Rovuma Basin, plans to invest around $150 million next year to advance its LNG project in the north of the country.
China has categorised methane hydrates as an independent mineral resource in a bid to speed up development of the unconventional fuel.
The launch of Tesla’s electric truck, which has a range of 800 km, is a major cause for concern for LNG vehicles.
Sinopec plans to increase its gas output during China’s current winter heating season by 13.1% year on year, to 15.1 billion cubic metres.
Russia is looking to seal off the Northern Sea Route to foreign oil and gas shippers.
The Norwegian Central Bank has recommended that Norway’s government should remove oil and gas stocks from its sovereign wealth fund.
Wentworth Resources, a Canadian oil and gas company with interests in in Tanzania and Mozambique, is relocating its offices from Calgary to London
Poly-GCL’s decision to sign an MOU for the 10 mtpa Djibouti LNG project on Monday signals the project is still alive, albeit delayed.
Brussels has signalled that gas has a role to play in transport, but the scale will become clearer when HDV standards are proposed next spring.
Brazil is weaning itself off LNG, but one region needs the fuel more than ever: the semi-arid northeast.
Schlumberger’s Sudhir Pai talks robotics, the downturn and more with Rigzone.
India’s imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.
The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.
Oil rebounded more than 2% on Friday after falling for five straight sessions.
Brazilian state-controlled oil company Petroleo Brasileiro secures $1 billion in financing from a banking syndicate headed by Standard Chartered PLC.
Saipem wins new contracts in Saudi Arabia and Mexico, and additional works of existing contracts in Saudi Arabia and Kazakhstan.
German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.
Romanian prosecutors have decided to close a criminal case against Russia’s Petrotel Lukoil refinery.
US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.
Siemens AG will cut around 6,900 jobs worldwide in its Power and Gas Division (PG), Power Generation Services Division (PS) and Process Industries and Drives Division (PD).
Oil exploration in the Guyana-Suriname basin has stepped up following ExxonMobil’s major discovery there.
There are still ‘strong opportunities’ available for engineering firms in the offshore oil and gas sector with the capacity to deliver fast, innovative projects.
Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.
India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix.
Canadian heavy crude prices and TransCanada shares slid as officials in Nebraska mulled whether to approve another pipeline proposed by the company.
Norway’s proposal to sell off $35B in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.
A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE’s Dana Gas.
Canacol is close to completing its 82-km Sábanas flowline, which will link the Jobo gas processing plant in Colombia’s northern Sucre region to the 2,900-km Promigas export pipeline.
North Dakota’s oil companies flared 17% of the gas they produced in September, exceeding the state’s flaring targets for the first time since guidelines were introduced in 2014.
An energy consultant has forecast that Mexico’s gas production will continue to decline until 2022 but will then recover.
Faris al-Rawi, Trinidad & Tobago’s attorney general, warned Guyana on Wednesday that money launderers could be taking advantage of its oil and gas sector.
Venezuelan state petrochemical producer Pequiven has been awarded a gas exploration licence in the country’s western state of Zulia.
Construction has started on the 1,050-km EPIC NGL pipeline, which will run from New Mexico to Corpus Christi on the Texan coast.
Poly-GCL Petroleum Group has reaffirmed its commitment to the Djibouti LNG export project by signing an MOU to finance the $4 billion facility.
China’s gas output increased by 15.4% year on year in October, to 12.4 billion cubic metres.
Sinopec’s Guangxi LNG terminal in the Chinese port of Beihai received 15 shipments of LNG carrying a total of 1.03 mt in the first 10 months of 2017.
Wentworth Resources’ attempts to drill a new well at its Rovuma Onshore block have been delayed by the deteriorating security situation in Mozambique.
Albania is aiming to build two new gas-fired power plants as part of the country’s new Gas Master Plan.
Southern Italy’s first filling station offering LNG for trucks has opened in Mesagne in Puglia.
Israel may be considering how it can make its offshore acreage more attractive after its first licensing round drew only two bidders.
Legal challenges could mean output from the Netherlands’ giant gas field will be forced down even further, experts say.
New exploration drilling has shown Oman’s Mabrouk field to be far larger than was initially thought.
Harbour Energy’s proposed takeover of Santos is symptomatic of the problems facing overcapitalised Aussie operators.
TransCanada has shut part of its Keystone pipeline after 5,000 barrels of oil leaked in Amherst, South Dakota, the company says.
Wentworth Resources Limited is relocating its head office and executive management team from Calgary, Canada, to London, UK, as part of a ‘restructuring process’.
A bid for Santos may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world’s cheapest LNG.
BHP Billiton hopes to fully divest its troubled U.S. onshore shale business in around 2 years.
Offshore oil drilling and service companies are dominating the year’s energy bankruptcies in North America, according to law firm Haynes and Boone.
Saudi Arabia’s Energy Minister Khalid al-Falih says it was too early to make an assessment on a possible extension to global oil output cuts.