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Chevron to Install New Technologies Aboard Its Vessels to Lower Carbon LNG Fleet
February 28, 2023
Chevron Corporation, through its subsidiary Chevron Shipping Company, has entered into an agreement with Sembcorp Marine Repairs & Upgrades, a wholly owned subsidiary of Sembcorp Marine, intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement,
Liwathon to Acquire Equinor’s South Riding Point Oil Terminal, Bahamas
February 23, 2023
Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas. The terminal was purchased by Equinor in 2009 to enable the company to
Baker Hughes Forms Digital Collaboration with Corva to Enhance Well Construction Efficiency
February 22, 2023
Baker Hughes entered a strategic investment and collaboration agreement with Corva. Corva a Houston-based company that delivers cloud-based well construction digital solutions, to bolster oil and gas customers’ rig visualization and drive enhanced decision making across the well lifecycle. Corva
OPEC Secretary General Says Expects Demand to Reach Pre-pandemic Levels this Year
February 13, 2023
OPEC Secretary General Haitham Al Ghais said on Sunday that the group expects oil demand to exceed pre-pandemic levels this year, reaching almost 102 million barrels a day. Demand is projected to further rise to 110 million barrels per day
Sanctions on Russian Crude Oil have ‘Failed Completely,’ Oil Analyst Says
February 9, 2023
Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and
INPEX Sells Its Eagle Ford Assets to Repsol Oil & Gas USA
February 8, 2023
INPEX has sold its subsidiary INPEX Eagle Ford to Repsol Oil & Gas USA, a subsidiary of Repsol, thereby divesting from all its tight oil development and production activities in the Eagle Ford play in the State of Texas in
Norway to Offer Record Number of Arctic Oil and Gas Exploration Blocks
January 27, 2023
Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticized the risk to the environment. The
India Likely to See $58 Billion Investment in Oil and Gas Production
January 26, 2023
India will likely see an investment of $58 billion in finding and producing oil and gas resources by 2023, Oil Minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron, ExxonMobil, and TotalEnergies are keen to invest. India
Congo Extends Its Relationship with U.S. and Canada with New Oil and Gas Deal
January 25, 2023
The Democratic Republic of Congo has extended its relationship with the United States and Canada by awarding both countries licenses to three natural gas blocks in Lake Kivu on its eastern border. The DRC auctioned some of its gas blocks
Floating LNG Terminal Arrives at Brunsbüttel, Increases German Liquid Gas Import Capacity
January 24, 2023
On January 20, the floating liquefied natural gas terminal Hoegh Gannet arrived at Brunsbüttel’s Elbehafen port near Hamburg. In the near future, liquid gas from LNG carriers can be regasified and then fed into the German gas network via this
