A South African high court today blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas.On Dec. 3 a different high court order gave Shell the go-ahead to conduct an extensive seismic survey off South Africa's eastern coast, but this is stopped by Tuesday's ruling that…
Malaysia-based energy industry services firm T7 Global has secured three letters of appointment and award worth a combined value of approximately RM300 million (~$70,9 million) under its energy division for operations and maintenance (“O&M”) segment and specialist products segment…
Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with knowledge of the plans told Reuters.While Prime…
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC…
Oilfield services and energy tech firm Baker Hughes has entered a partnership with AIQ, an artificial intelligence JV between the Abu Dhabi National Oil Company's (ADNOC) with Group 42 (G42). The partners will collaborate to create advanced analytics solutions for the global oil and gas industry…
China has issued new export quotas for the export of low-sulphur fuel oil (LSFO) used to power ships and for other refined fuels such as gasoline and diesel for the rest of 2021, according to a trading source and document reviewed by Reuters on Thursday…
Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession.In contrast to shortages in coal…
Singapore-based oil trader Winson Group denied on Tuesday a U.N. Security Council report alleging that it supplied fuel to North Korea in breach of international sanctions.'Winson denies, in the strongest possible terms, any and all allegations…
Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program…
The Government of Papua New Guinea has granted the right s to the Pandora offshore license to Kumul Petroleum, the company's fourth license in the country, with the first three awarded in April.The Minister for Petroleum, Kerenga Kua said the…
Qatar Petroleum has awarded an engineering, procurement, and construction (EPC) contract for its North Field Expansion Project to Técnicas Reunidas S.A., a Spanish-based contractor that provides EPC services to the energy industry.Técnicas Reunidas…
BHP Group is at risk of a two-notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.BHP has agreed to…
Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.Brent crude oil futures slid by 74 cents…
Saudi Arabia's crude oil exports rose in May to 5.649 million barrels per day (bpd), their highest level in four months, Joint Organisations Data Initiative (JODI) said on its website on Monday.Crude oil exports rose from 5.408 million bpd in April…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
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