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Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.
'The cooperation with Biotrend could open up a new source of renewable gas for European markets while further diversifying Uniper's portfolio'.
Tajikistan announced that it is now receiving oil and petroleum products from Iran, opening a potential new energy source for a country whose fuel supplies have long been dominated by Russia. The deliveries began in late August, Tajikistan's Energy and Water Resources Ministry told the Asia-Plus news agency, following talks between the two countries on expanding cooperation in the oil and gas sector. The ministry has not disclosed the volume of the shipments, their commercial terms, or how the oil and petroleum products were transported to Tajikistan.…
Brazil’s state-owned energy giant Petrobras has struck a two-decade-long deal with Sempra Infrastructure, a subsidiary of Sempra, for the supply of liquefied natural gas (LNG) from a U.S. project under development in Jefferson County, Texas. The post Petrobras locks in 20-year US supply from Sempra’s LNG project in Lone Star State appeared first on Offshore Energy .
Sempra Infrastructure signed a 20-year agreement to supply about 0.8 million metric tons per annum of liquefied natural gas to Petrobras from the under-construction Port Arthur LNG phase 2 project in Texas.
China’s diesel fuel and gasoline inventories are declining, which may eventually lead to the imposition of export curbs, Bloomberg has reported, citing recent fuel inventory data. Gasoline inventories at state-owned energy majors were down by 2.9% last week to their lowest level since 2022, according to Chinese commodity market research firm JLC International. Diesel inventories are sitting at the lowest in 15 months, booking a 2.4% dip last week, the publication noted. “With the domestic market tightening, we see an increasing risk…
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shortage, and traders have gone bullish. They are especially bullish on fuels in the United States, it seems. The world’s biggest crude oil consumer and the biggest exporter of crude and fuels has not managed to avoid a supply squeeze at…
The EU ETS is expected to keep impacting shipping both in the near and in the long term, following the latest gas price increases. In its latest weekly report, shipbroker Intermodal said that “the EUA market maintained its upward trend in August, despite the quieter trading conditions and lower liquidity that typically characterize the holiday ...
A new project is seeking to turn cattle manure into a source of sustainable natural gas for energy production and shipping fuel. The initiative just broke ground in Broken Bow, Nebraska, where eight anaerobic digesters will process waste from the Adams Land & Cattle feedlot into what the project leads are hoping will be a lucrative and eco-friendly source of approximately 1.2 million MMBtu of pipeline-quality natural gas per year. “The Adams Land & Cattle RNG facility demonstrates how American agriculture can play an important role…
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 588, up 51 from this same time last year. The number of active oil rigs rose by 2, reaching 449 during the latest reporting period, according to the data. This is 35 above this same time last year. The number of gas rigs fell by 2 to 130, which is 12 more than this time last year. Miscellaneous rigs stayed the same at 9. The latest EIA…
Citadel is shopping for U.S. oil production assets, including a previous bid for WildFire Energy before Magnolia Oil & Gas agreed to buy the Eagle Ford producer for $4.06 billion. Reuters reported Friday that the hedge fund and commodities trader has held talks with several private-equity owners of oil-weighted exploration and production companies in recent weeks. WildFire would have given Citadel roughly 53,000 barrels of oil equivalent per day of production, about 70% of it oil, plus 810,000 net acres in South Texas. Magnolia ultimately won…
China-based provider of clean energy services Wison New Energies (WNE) has joined forces with the UK-headquartered energy giant Shell to bring the European firm’s liquefaction technology to the wider liquefied natural gas (LNG) market for the first time, strengthening Wison’s floating LNG (FLNG) offering and aiming to accelerate deployment of next-generation FLNG projects. The post Shell’s technology set to enter wider FLNG market through Wison deal appeared first on Offshore Energy .
'The acquisition of EDGE expands Sapphire's LNG capabilities by adding approximately 200,000 gallons of daily LNG liquefaction capacity through modular equipment currently serving clients in the Southern U.S.'
France’s engineering player Technip Energies has been hired to provide detailed engineering services for a […] The post L&T taps Technip Energies for engineering work on ADNOC’s major offshore gas project appeared first on Offshore Energy .
“Climate change is a reality that we are experiencing with ever-increasing intensity. The growing frequency of extreme weather events makes the substantial reduction of greenhouse gas emissions an urgent matter of both individual and collective responsibility. The goal of decarbonisation is clear and shared. As an industry, we recognise the role we have to play ...
Chinese chemicals and energy group Jiahua Energy is moving into shipowning with an order for a 35,000 cu m carrier from CIMC Sinopacific Offshore & Engineering. The company has capped total investment in the vessel and pre-operating costs at CNY750m ($111m). Jiahua subsidiary Meifu Port & Storage will fund 60%, with three partners covering the …
BW LNG, a liquefied natural gas (LNG) shipping company that is part of Singapore-based BW Group, has shed more light on its move that pushes LNG carrier capacity beyond the conventional 174,000-cubic-meter (cbm) design with a new 177,000-cbm, three-tank configuration, described as being able to carry more cargo while retaining the flexibility and terminal compatibility of the established vessel class. The post BW LNG builds on 174k LNG carrier workhorse with 177k cbm three-tank design appeared first on Offshore Energy .
Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources …
Hanwha is pushing deeper into the American LNG value chain, establishing a new US company that will combine procurement, trading and logistics with the Korean conglomerate’s rapidly expanding shipping and shipbuilding businesses. Hanwha Aerospace announced today the creation of Hanwha Horizon USA, which will serve as the control tower for its global LNG operations. James …
Navitas Petroleum, an Israeli oil and gas producer and developer that operates a project under development in the North Falkland Basin, is stepping up plans to expand its oil field project in the Falkland Islands through the acquisition of a second floating production, storage, and offloading (FPSO) vessel that could boost daily oil output capacity by thousands of barrels. The post Sea Lion roars into Falklands expansion as Navitas reels in second FPSO appeared first on Offshore Energy .
Spirit Energy, a North Sea operator, has finished a multimillion-dollar decommissioning campaign in the UK sector of the North Sea, plugging and abandoning (P&A) three gas wells that have reached the end of their productive lives and removing more than 234 tons of subsea infrastructure. The post WATCH: North Sea decom campaign retires trio of gas wells in UK waters appeared first on Offshore Energy .
Ukraine said it attacked an oil refinery and a gas-processing plant in Russia overnight.
Dozens of workers manning airlift for the Norwegian oil and gas industry agreed new compensation and benefits terms with the Federation of Norwegian Aviation Industries.
The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.
Equinor sees a multi-billion LNG export project in Tanzania becoming more attractive for development amid the Middle East conflict that has crippled liquefied natural gas supply through the Strait of Hormuz, a senior executive at the Norwegian energy major said on Tuesday. However, Equinor and its co-operator of the project, Shell, have been locked in difficult negotiations with the government and authorities in Tanzania for years and the provisional Tanzania LNG project has not advanced much this decade. “You don't want to wait too long…
With three decades under its belt, a giant gas project is getting a new lease of life, as the latest phase of its development begins production ahead of schedule, accelerating the delivery of 55 billion cubic meters (bcm) of gas to Europe. The post 30-year-old North Sea project gets gas boost with early start to its next chapter appeared first on Offshore Energy .
The federal government is putting another 3,388 acres of public mineral estate on the auction block for oil and gas development in Montana and the Dakotas. The Bureau of Land Management said it will offer 20 parcels in an online oil and gas lease sale scheduled for October 27. The acreage has already worked its way through several stages of the federal review process. BLM completed scoping for the parcels in May and closed a public comment period on the acreage and related environmental analysis in July. There is still another opportunity to object.…
California deputies recovered more than $150,000 in New Balance shoes after reports of people breaking into BNSF Railroad boxcars. The San Bernardino County Sheriff’s Department’s Barstow Station announced the recovery Aug. 24. Authorities arrested Leonardo Martinez Navarre, 29, after he fled a traffic stop near Daggett. Daggett is an unincorporated community in San Bernardino County, about 10 miles east of Barstow. Barstow sits in California’s Mojave Desert, along Interstate 15 between Los Angeles and Las Vegas. The call came at about 7:04 a.m. Monday near westbound Interstate 40 in Daggett.
Turkey, a key US ally and Iran’s third-largest trading partner, is at risk of losing a key energy supplier if Washington makes good on a threat to economically isolate Tehran.
Norway has started production from the second stage of the Troll Phase 3 development, accelerating 55 billion cubic meters of natural gas from the Troll West reservoir and helping sustain high gas deliveries to Europe from one of the continent’s most important energy assets. Production began on August 22, several months earlier than planned and a cost at tens of millions of dollars below the original estimate of approximately $1.2 billion, according to Equinor. The project does not increase the Troll field’s recoverable resources. Instead,…
Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.
Rotterdam Rotterdam’s LNG bunker price has jumped by $70/mt, mirroring gains in the front-month Dutch TTF natural gas contract. Over the past week, TTF has climbed by around 6% to $22.41/MMBtu ($1,165/mt). The latest rally in TTF prices has been driven by the escalating US-Iran tensions and growing concerns over energy shipments through the Strait ...
Key takeaways • The renewed US blockade is making the status quo progressively more expensive for Tehran. Pressure now extends from crude and petrochemical export revenues to production shut-ins, imports, aviation, gasoline balances, and ultimately government subsidies. Politically, the status quo also increasingly becomes hard to manage. • Tehran is confronted with a trilemma: endure, ...
The LNG shipping market is witnessing the emergence of Mexico’s LNG export corridor, underlying the growing influence of the Pacific LNG trade. In its latest weekly report, shipbroker Intermodal said that “amid broader uncertainty in the LNG market, the outlook is being shaped by disruptions to Middle Eastern flows, an uncertain Qatari recovery, and Europe’s ...
Equinor signed a 15-year agreement with Uniper to supply over 30 terawatt hours a year of natural gas to Germany.
The U.S. Energy Information Administration edged its U.S. total energy consumption projection down for 2026 and up for 2027.
Iran said it discovered more than 7.5 trillion cubic feet of natural gas.
U.S. offshore engineering and construction player McDermott has won an engineering, procurement, construction and installation (EPCI) assignment for a gas development project off the coast of the United Arab Emirates (UAE), enabling it to deliver one of the Middle East’s heaviest offshore topsides. The post McDermott clinches over $1 billion EPCI job for ADNOC’s $6.2B giant gas project appeared first on Offshore Energy .
The acquisition of the Greater Meridian CSG project 'converts a long-standing contracted supply relationship into GLNG equity production, consistent with Santos' strategy to backfill and sustain GLNG with owned production', Santos said.
Gas crisis puts mounting pressure on fuel oil Prothom Alo English
The hardest part of putting a proven engine into a new commercial vehicle has never been the engine itself. It is teaching that engine where it lives among the sensors, onboard computers and control modules that fill modern commercial vehicles. GM Powered Solutions is selling a shortcut, announced at ACT Expo earlier this year. The automaker’s business-to-business propulsion group has rolled out a commercial vehicle ECM built for its 6.6-liter heavy-duty gas engine. It’s aimed at on-road applications from companies that never put a GM badge on the hood. The module ships with a GM-approved base
The Malta-based trading company reports higher blended fuel oil volumes moving through regional storage hubs.
KPC Trading Ltd to join Asia Gasoil paper; Asia Fuel Oil paper; Asia Jet Fuel paper; Asia Crude Oil paper MOC S&P Global
If you’re a fleet operator and you’re looking to evaluate fuel options that may help lower lifecycle carbon intensity, you don’t have to commit to a single alternative fuel overnight. The smarter play, according to Dave Slade, principal biofuels scientist at Chevron , is building flexibility into your fuel strategy and leaning on the right resources to guide those decisions. Chevron’s portfolio of conventional and renewable fuel options spans petroleum diesel, biodiesel, renewable diesel, compressed natural gas (CNG), renewable natural gas (RNG), and lubricants. Slade notes that range allows C
Beyond looking out the windshield and seeing retail diesel prices that once again are rising, here are some key comparisons that a consumer dealing with those higher numbers should know. On February 27, the last day before military action began between Iran on one side and the U.S. and Israel on the other, the price of international crude benchmark Brent settled at $72.48/barrel on the CME commodity exchange. On the same day, ultra low sulfur diesel (ULSD) settled at $2.596/gallon. On Wednesday, Brent settled at $91.62/b. ULSD settled at $4.4523/g. window.googletag = window.googletag || {cmd:
Buyers are trading price certainty for flexibility as new liquefaction capacity approaches.
Energy Stocks Tick Up As Oil And Gas Prices Rise Finimize
LNG cargo uncertainty persists as gas supply falls again Prothom Alo English
Russia receives Indian gasoline cargo as fuel shortages bite Reuters
Russia imports gasoline cargo from Morocco, market sources say Reuters
Russia extends diesel, gasoline export bans until end of January 2027 Reuters
Iraq’s SOMO Seeks Gasoil Cargoes via Spot Tender Egypt Oil & Gas
$6 gas by Labor Day? Energy economist says it's possible, as gas rises back over $4 WBFF
How severe is Russia’s gasoline crisis? Meduza sized it up using exchange trading data. Meduza
Shell sees further war-related boost from oil, gas trading Quantum Commodity Intelligence
ACME Green Molecules Business, Mitsubishi Gas Chemical Sign USD 1 Billion Green Methanol Supply Deal Energetica India Magazine
Russia to import gasoline by sea as shortage looms, sources say Reuters
India launches gasoline blended with 85% ethanol at lower price Reuters
Vitol Overtakes Shell in Ranking of USA Physical Gas Traders Rigzone
Vitol Boosts Real-World US Gas Trading More Than Most Rivals Bloomberg
What the Iran conflict means for gas prices, clean energy, and the climate Yale Climate Connections
Hormuz deadlock keeps tanker rates up, gas carrier costs firmer at US$150,000/day rivieramm.com
