Industry News

Qatar said it doesn't expect liquefied natural gas exports to be impacted by an explosion at the Ras Laffan industrial complex which left 13 dead and 66 injured.

The first production wells are now delivering 20,000 barrels per day gross.

The Greater PAJ Project will deploy a new FPSO with a nameplate capacity of 95,000 barrels per day of oil and a gas export capacity of 70 million cubic feet a day of gas, to be supplied to Angola LNG.

A project by Chevron and Engine No. 1 secured an agreement to supply natural gas-based electricity to a Microsoft data center project in West Texas for 20 years.

Analysts at BMI projected the evolution of oil and gas markets through to 2050 in a report sent to Rigzone recently.

'Su Tu Trang Phase 2B will supply more than 600 billion cubic feet of gas over its life, supporting growing energy demand in Southeast Vietnam and contributing to the country's energy security'.

Uzbekistan is stepping up efforts to bring major European and U.S. energy companies into its natural gas sector, after last month securing investment from BP.

Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect.

Crude declined after the US approved limited Iranian oil sales and shipping through the Strait of Hormuz continued to recover.

The Treasury Department issued a temporary, 60-day license allowing Iran to sell some of its energy exports through August 21, a sweeping change after years of increasingly punitive economic sanctions.

Libya reached its highest daily crude production since 2013, moving closer to its goal of 1.5 MMbpd by yearend.

The integrated power utility signed time charter agreements under which fellow Japanese companies MOL and NYK will each provide 2 fuel ammonia tankers to support the Blue Point Project in Louisiana, U.S.

Var Energi signed agreements to acquire Pandion Energy's remaining interests offshore Norway, swap stakes with DNO and farm down its operated Goliat and Fenja fields.

Equinor and its partners have agreed on a development concept for Ringvei Vest, an oil and gas project spanning 8 licenses on Norway's side of the North Sea.

Authorities in Russia-occupied Crimea said they were suspending fuel sales at filling stations, limiting supplies to state services amid Ukrainian drone strikes on Russian refineries.

Iran said there had been 'major progress' in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.

Braskem, the heavily indebted Brazilian petrochemical giant seeking an extrajudicial recovery, is continuing its push to increase production even as prices fall in the wake of the peace deal between the U.S. and Iran.

Scatec's Obelisk solar and battery storage project in Egypt can save the country as much as $400 million a year in liquefied natural gas imports, according to CEO Terje Pilskog.

Oil prices rose as delayed US-Iran negotiations and slower tanker traffic through Hormuz renewed supply concerns.

Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon.