Offshore Oil & Gas

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri offshore fields, according to three sources.Azerbaijan's production mainly relies on mature…
Siemens: Britain Needs Record Offshore Wind to Meet Targets

Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson, vice president of turbine maker Siemens Energy UK&I, told Reuters.The country has put offshore wind at the heart of its plans to decarbonise its electricity sector by 2030.
ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project

ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operational efficiency across its Asab, Buhasa, Habshan ons
Shell to Add Up to 12 million Tons of LNG Capacity by 2030

Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday."(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade…
Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in an…

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Exploration

EPA wants to give Texas the authority to supervise CO2 injection permits

U.S. Environmental Protection Agency proposed Monday to approve Texas' application for its own permitting of projects to inject underground carbon dioxide, a step long sought after by the state's regulators as well as oil and gas firms with projects in development. EPA Administrator Lee Zeldin stated that Texas was best positioned to protect drinking water from contamination, while allowing lucrative CO2 injection…

Drilling

Brendan Nelson, chair of the audit committee at HSBC, is named interim group chairman

HSBC Holdings PLC announced on Friday that Brendan Nelson will be the interim group chairman after Mark Tucker retires from his role on September 30, following his retirement. Tucker will also resign as a member of the board on that date. The process of selecting the permanent HSBC Group Chair, led by Ann Godbehere (a senior independent director), is currently underway, the banking giant announced in a press release.

Production

Trinidad and Tobago Increases LNG Production in May at Atlantic Facility

Exports of liquefied natural gas from Trinidad and Tobago's flagship Atlantic LNG export facility increased by 43% in May compared to April, according to LSEG preliminary ship tracking data.Trinidad is Latin America's largest LNG exporter and its flagship plant, Atlantic LNG, is jointly owned by Shell and BP with a capacity to produce 12 million metric tons per annum (mtpa) of the superchilled gas.In May Atlantic exported 0.83 mtpa of LNG, up from 0.58 MT in April, LSEG data showed.Similar to th

Russian Arctic LNG 2 Starts Second Production Train

Russia's Arctic LNG 2 plant, which is subject to U.S. sanctions, has started production at its second train even after it…

Offshore Oil And Gas

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Siemens: Britain Needs Record Offshore Wind to Meet Targets

ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project

Shell to Add Up to 12 million Tons of LNG Capacity by 2030

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Wall St. drops sharply as Iran strikes back at Israel's attack

Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.

Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.

Latest news

Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.

Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.

Wall St. falls after Israel's attacks on Iran reduce risk appetite

The ethnic groups are angry about Tinubu's pardoning of the 'Ogoni Nine" by Nigerian President Tinubu

UK invests 200 million pounds into Acorn Carbon Capture Project in Scotland

Glencore has halted certain cobalt exports due to the Congo export ban

Sources say that Hokchi Energy, frustrated by Mexico's Pemex and its refusal to buy oil from them, pushed for a change in who purchases their oil.

Sources say that Hokchi Energy, frustrated by Mexico's Pemex and its refusal to buy oil from them, pushed for a change in who purchases their oil.

Glencore has halted certain cobalt exports due to the Congo export ban

Venture Global withdraws its application to build Delta LNG Plant, according to a filing

White House aide: US Energy Loan Office should fund oil and gas

Africa Energy to produce first gas from South Africa's biggest gas field in 2033

Exploration

EPA wants to give Texas the authority to supervise CO2 injection permits

Aluminum producers in the US benefit from Trump's tariffs

Baker Hughes reports that US oil/gas rig counts have fallen for the 6th consecutive week, to levels not seen since 2021.

Spain's oil imports from Venezuela dry up before US sanctions deadline

Drilling

Brendan Nelson, chair of the audit committee at HSBC, is named interim group chairman

Petrobras CEO: Africa will be the main exploration region for Petrobras outside Brazil.

EIA: US crude stocks fall as refiners increase output

Financial Times - 2 June

Production

Trinidad and Tobago Increases LNG Production in May at Atlantic Facility

Russian Arctic LNG 2 Starts Second Production Train

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