Sunday, December 22, 2024

Gas Reserves News

Woodside's North West Shelf Project Extension approved by Western Australia

Woodside Energy, Australia's largest oil and gas producer in terms of market value, announced on Thursday that the state of Western Australia had granted Woodside Energy approval to extend the project life…

Malaysia's Petronas, Petros finalising deal on gas distribution in Sarawak state, PM says

Anwar Ibrahim, the Prime Minister of Malaysia, said that Petroliam Nasional Berhad and Petroleum Sarawak Berhad are working to finalize details for a long-delayed gas distribution agreement in Sarawak. Both…

Prices of EUROPE Gases drop on forecast for warm weather

Dutch and British wholesale prices of gas were lower on Monday due to a forecast for warmer weather and the market ignoring the geopolitical developments that have taken place in Syria. By 0948 GMT, the benchmark…

Explorator KUFPEC looks for more oil and gas in Indonesia's Natuna Sea

Kuwait Foreign Petroleum Exploration Company's (KUFPEC's) country representative stated on Monday that the company is looking for more oil and natural gas in Indonesia's Natuna Sea. Indonesian President Prabowo…

Energean CEO urges Israel issue new oil and Gas Exploration Licences

Energean, a gas company based in Israel, urged Israel on Thursday to issue new oil and gas exploration licenses offshore to meet the growing demand for gas in the region. Mathios rigas also called upon governments…

Holiday schedule for US economic and other data

Veterans Day, a federal holiday, will impact the release of major economic, energy, and commodities reports that originated from Washington or were filed there during the week of November 10. The schedule is below. The times are in GMT/EST.

YPF, the Argentine oil company, is focusing on Vaca Muerta and a production boost by 2025.

The CEO of Argentina's state-owned oil company YPF, Horacio Martin, said that the firm expects shale production to rise by 30 to 40 percent next year. Marin said that YPF, during a conference call to discuss its financial results…

Colombian court reverses order to suspend gas well off Caribbean coast

On Wednesday, a Colombian court overturned a previous court order that was issued last month, which had suspended operations at Sirius-2 (formerly known as Uchuva-2), a major offshore gas well. The ruling was issued on October 29…

Gazprom announces plans to sell holiday resorts in Russia after annual loss

Gazprom, the Russian energy giant, announced on Tuesday that it would be selling off several holiday resorts. This comes after its first annual loss for almost 25 years. The Kremlin's company, which controls the largest gas reserves in the world…

Romgaz, a Romanian gas company, raises 500 million euros through its debut Eurobond

IFR data show that Romanian state-owned Romgaz issued its first eurobond on Monday. The company sold 500 million euros (559.50 million dollars) of five-year papers to fund a project for deepwater gas in the Black Sea.

Grid operator: Dutch gas reserves must be 90% full before 25/26 winter.

The Netherlands must have its gas storages at 90% capacity by the beginning of winter 2025/2026 to avoid shortages in the event of a severe cold snap, Dutch national grid operator GTS announced on Monday. Why is it important?

Russia aims to counter West’s climate agenda by using gas and nuclear power

Pavel Sorokin, deputy energy minister of Russia, said that the country will set its own climate goals and make proposals to combat global warming in an effort to counter the agenda promoted by Western countries.

Prices of EUROPE GAS soften on stronger winds and Norwegian supply

The Dutch and British wholesale prices of gas have weakened slightly Tuesday morning due to forecasts of increased wind generation and Norwegian supply. However, colder weather could still increase prices.

Cyprus and Greece sign an agreement on the 'world's largest' subsea cable

The energy ministers of Greece and Cyprus announced on Saturday that they had signed a Memorandum of Understanding (MoU), which will allow them to proceed with the construction of a submarine electric cable…

Analysts say that Colombia must develop a natgas plan soon to prevent blackouts.

If it wants to prevent power blackouts in Colombia, the head of Wood Mackenzie’s Americas Gas and LNG division said that Colombia needs to decide quickly whether it will focus on LNG imports or promote domestic production of natural gas.

CFO: Petrobras new strategic plan will focus more on oil and natural gas.

Fernando Melgarejo, the Chief Financial Officer of Petrobras, said that the new strategic plan for the Brazilian state-run company will be more focused on upstream operations. Melgarejo said that the plan for 2025-2029…

APPEC and Japan's JERA consider Vietnam gas-fired energy plant investment

A senior executive from Japan's largest utility, JERA, said on Wednesday that the company plans to invest in a gas-fired plant in Vietnam as part of its efforts to transition away from coal and towards cleaner fuels.

Nigeria licenses the first floating LNG plant to export and use domestically

Nigeria's oil regulator granted UTM Offshore Limited on Friday the first license for operating a floating LNG plant to tap flared natural gas from an ExxonMobil field in the Niger Delta. As Africa looks to tap into its gas reserves…

Perenco will acquire mature gas fields from BP

BP Trinidad and Tobago has signed an agreement with Perenco T&T for the divestment of its Immortelle offshore gas field and production facilities. The oil major said this in a Monday statement. It said that…

Min says that seismic work will begin on gas fields shared between Trinidad and Venezuela.

Stuart Young, Trinidad and Tobago's energy minister, said on Facebook on Friday that seismic work is expected to begin in the next few days at the offshore gas fields shared between Venezuela and Trinidad and Tobago.