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North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead
1732223132 from ENERGY
… operation (PDO) of an oil and gas field in the North Sea … Aasland, Norway’s Minister of Energy, handed over the signed PDO … contain 24 million barrels of oil equivalent gross in recoverable reserves … around 26,000 barrels of oil equivalent per day (boepd) …
Canadian Association of Petroleum Producers Announces Leadership Appointments to Board of Directors
1732222994 from FPOST
Cenovus Energy President & CEO Jon McKenzie assumes the role of Chair, and ARC Resources President & CEO Terry Anderson named Vice-Chair CALGARY, Alberta, Nov. 21, 2024 (GLOBE NEWSWIRE) — The Canadian Association of Petroleum Producers (CAPP) is pleased to announce the appointment of Jon McKenzie, President and CEO of Cenovus Energy, as Chair of […]
Oil & gas field profile: Toppand Conventional Oil Field, Norway
1732220164 from ENERGY
… Oil About Equinor Energy Equinor Energy AS (Equinor Energy) … transports natural gas, crude oil, and wind power for manufacturing … and medicines. Equinor Energy is headquartered in Stavanger … gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines …
India's Modi seeks energy security from Guyana and its vast oil deposits
1732218335 from ENERGY
… nation where vast deposits of oil and gas were found offshore nearly … views Guyana as an important energy source and that he plans … of sweet, light crude oil from three oil fields, with production … that Indian companies bid for oil blocks and that negotiations …
Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects
1732200988 from ENERGY
… businesses. According to Ithaca Energy, the project continues to … CO2/boe by employing electrification. Related Article Posted: 27 … energy security or lower our bills because the oil and gas … that lawyers representing the oil and gas companies do not …
Crude Oil tests $70 after ICC issues international arrest warrant for Israel's PM Netanyahu
1732198621 from FXSTREET
Crude Oil prices is breaking above $70 on headlines from the International Criminal Court in Ter Hague that has issued an arrest warrant from Israel's Prime Minister Benjamin Netanyahu. On Wednesday, Oil already tried to overcome the round $70 level,
Hungarian MOL strengthens ties with KazMunayGas to boost Kazakh oil and gas cooperation
1732194999 from C ASIA
… of Kazakhstan to exploit joint opportunities in the Kazakh oil … companies’ successful cooperation in Kazakhstan dating back to 2004, … with our partners in Kazakhstan,” Chairman-CEO Zsolt Hernadi … a joint venture owned by Kazakhstan’s KazMunayGas (50pc), …
Kazakhstan transports 57.8mn tons of oil in 10M24
1732189723 from C ASIA
… global energy market. Kazakhstan’s maritime exports were … Alashankou pipeline, which connects Kazakhstan to China, transported … period. Oil transit through Kazakhstan also saw significant volumes … tons were transported to Uzbekistan. Kazakhstan’s oil exports …
US Petroleum lobby presents Trump a policy roadmap to ensure US leadership in global energy
1732185527 from ENERGY
… mandate a steep shift to electric vehicles (EVs) by 2032 … markets for US oil and natural gas exports, API argues … growth through increased domestic energy production. API’s fourth objective … benefit not only the energy industry but also other infrastructure- …
BP gains entrance to new oil & gas exploration arena off Trinidad’s north coast
1732181474 from ENERGY
… subsidiary of the UK-based energy giant BP, has expanded its … area of exploration for the energy giant in Trinidad and Tobago … bpTT in exploring and developing oil and gas resources in the region … ’s southeast coast. The first gas is expected in 2025.
Guyana oil output breaking all oil exploration and production records
1732181453 from ENERGY
… as a major international oil producer and exporter. The … development of billion-dollar offshore energy projects. Indeed, industry … even longer to achieve first oil. Deepwater offshore fields, … As Guyana’s energy investment inflows rise and oil reserves grow, …
Little-Known Turkish Firm Builds Gas Station Bet As Majors Quit
1732172285 from FPOST
A little-known Turkish holding company completed its second acquisition of a fuel retailer within months, extending a push by independent firms into a tightly regulated market that oil majors BP Plc and TotalEnergies SE have left.
Now’s the Time to Toughen Russia Oil Sanctions: Oil Strategy
1732171980 from FPOST
Falling oil prices and an impending period of over-supply could create the perfect opportunity to toughen sanctions on Russian supplies to the point where they actually start to bite into the Kremlin’s war chest, writes Bloomberg oil strategist Julian Lee.
Now’s the Time to Toughen Russia Oil Sanctions: Oil Strategy
1732170476 from BLOOMBERG
Falling oil prices and an impending period of over-supply could create the perfect opportunity to toughen sanctions on Russian supplies to the point where they actually start to bite into the Kremlin’s war chest, writes Bloomberg oil strategist Julian Lee.
Rystad Energy says oil major announced 43 biofuel projects for start up by 2030
1732150138 from ENERGY
… the world’s leading oil and gas companies are ramping up … biofuels into their broader energy transition strategies, recognizing the … to Rystad Energy’s research, these six oil majors have announced … its pipeline, reaching a combined 130,000 bpd of ethanol and …
Mol Says Ending Russian Oil Imports Unrealistic Despite Efforts
1732125389 from BLOOMBERG
Energy company Mol Nyrt. sees the ambition to completely wean Europe away from Russian crude in the next few years as unrealistic for countries like Hungary and Slovakia, despite all its efforts to diversify supplies for its refineries in the region.
Kazakhstan’s Oil Transportation Volume Reaches 57.8 Million Tons in 10 Months
1732119072 from C ASIA
ASTANA – Kazakhstan’s major oil pipeline system … , 1.2 million tons of Kazakh oil were supplied to Germany … ten months, oil transit via Kazakhstan totaled 8.4 million tons … ,000 tons along the Russian-Uzbek route. Kazakh oil is exported to …
Crude Oil comfortably in the green ahead of weekly EIA numbers
1732112466 from FXSTREET
Crude Oil prices are ripping higher for a third day in a row on Wednesday, getting close to the $70 round level, as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.
Nigeria: Eunisell Ltd advocates domestication of Oil & Gas industry at NAPE 2024
1732110589 from ENERGY
… stakeholders from across the energy industry under the theme: … “Resolving the Nigerian Energy Trilemma: Energy Security, Sustainable Growth … achieving a resilient energy industry capable of meeting … reliant energy landscape.“The domestication of oil and gas …
Uganda targets 2027 start for world’s longest heated oil pipeline
1732109534 from ENERGY
… African crude oil pipeline is ongoing,” Uganda’s energy minister Ruth … energy producer by 2027, allowing the landlocked nation to export oil … through the pipeline, which will be electrically heated to … to exploit its oil and gas resources because the …
‘Capitalism incarnate’: inside the secret world of McKinsey, the firm hooked on fossil fuels
1732107602 from GUARDIAN
Interviews and analysis of court documents show how the world’s most prestigious consulting firm quietly helps fuel the climate crisis Two giant, mirrored walls are set to rise out of the sands of the Arabian desert. They will run parallel for more than 100 miles from the coast of the Red Sea through arid valleys and craggy mountains. Between them, a futuristic city which has no need for cars or roads will be powered completely by renewable energy. This engineering marvel, its creators say, will usher in “a revolution in civilization”. It’s the jewel in the crown of a $500bn Saudi government project known as Neom, turning a vast scrubland into a techno-utopia and world-class tourist and sporting destination. Perhaps a harbinger for the end of oil, it will supposedly put the powerful petrostate at the forefront of the energy transition. For American consulting giant McKinsey & Company, its advising on this project appears to be making good on the firm’s green promises. Continue reading...
Vietnam Ex-Deputy Minister Among 15 in Oil Firm Bribery Trial
1732092825 from BLOOMBERG
A former Vietnam deputy trade minister and an ex-provincial party chief are facing bribery charges tied to an oil company in a Ho Chi Minh City trial that began Wednesday, part of an ongoing drive to root out corruption in the Southeast Asian communist country.
Wyden criticizes Trump's picks for energy and interior, cites 'cheerleading for big oil'
1732082278 from ENERGY
… , Trump's nominees for Energy and Interior secretaries, are no … for big oil, corporate America, and the ultra-wealthy gas executives plotting … senior member on the Senate Energy and Natural Resources Committee.
Vista Energy: Attractive Valuation, Superior Growth Profile For This LATAM Oil Stock
1732079266 from ENERGY
… , and share buybacks, assuming oil prices stay above US$60bbl … profile. Risks include prolonged low oil prices, export limitations, and … Vista Energy (NYSE:VIST), citing it as the best oil stock … businesses as diverse as airlines, oil, retail, mining to fintech …
Hungary ready to quit Russian oil — for a price
1732073721 from ENERGY
But that would require EU cash, Bacsa said. Given the technological challenges involved and "$500 million" price tag of adapting MOL's refineries to process other types of crude, Bacsa said the EU should help out with "a couple of …
World stocks edge higher, oil falls
1732072254 from OIL&GAS
… incoming White House administration, while oil prices eased as tensions rose between … updated nuclear doctrine. Oil prices dipped, with Brent crude futures down 0.12pc … , while US West Texas Intermediate crude futures at $69.08 a …
Oil prices flat amid Russia-Ukraine tensions, US inventory build
1732070465 from OIL&GAS
Investing.com-- Oil prices steadied in Asian trade … . stockpiles weighed on prices. Oil prices marked some gains this week … resumed on Tuesday. Brent oil futures expiring in January steadied … barrel, while West Texas Intermediate crude futures steadied at $69. …