1. News on Oil Prices |
| 5 November 2024 : NY gas prices continue to slowly decline {fingerlakesdailynews.com} |
| The New York State average price for a gallon of gasoline is $3.18, down two cents from last Monday. One year ago, the New York average was $3.15 . . . |
| 5 November 2024 : Brent crude expected to trade in $75-80 range amid... {Economic Times} |
| Brent crude oil prices are expected to remain in the range of $75-80 per barrel, driven by an oversupply forecast and weak demand from China . . . |
| 5 November 2024 : Fuel price to rise in November {freightnews.co.za} |
| Motorists and fleet owners will have to fork out more at the pumps when the latest fuel price increases take effect on Wednesday, 6 November . . . |
| 5 November 2024 : AAA: Tennessee gas prices drop seven cents {mainstreetmediatn.com} |
| Gas prices continued to decline across the state last week, falling seven cents, on average. The Tennessee Gas Price average is now $2.71 . . . |
| 5 November 2024 : US natural gas prices ease on forecasts for mild weather {brecorder.com} |
| US natural gas futures fell on Monday on expectations that mild weather through mid-November would keep heating demand low . . . |
| 5 November 2024 : Oil edges down ahead of US election, China NPC meeting {Economic Times} |
| Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% . . . |
| 5 November 2024 : Oil prices surge as OPEC+ delays output increase... {aa.com.tr} |
| Oil prices increased on Monday following a decision by OPEC+ countries to extend production cuts and delay output increases . . . |
| 4 November 2024 : Spot market natural gas prices for Saturday, Nov. 2 {aa.com.tr} |
| The trade volume on Türkiyes spot natural gas market showed an decrease of 0.72% to around 12.26 million Turkish liras on Saturday . . . |
| 4 November 2024 : Gasoline and diesel prices to rise NT$0.2 this week {taipeitimes.com} |
| The nations two major refiners yesterday announced that they would raise gasoline and diesel prices by NT$0.2 per liter from today, ending five weeks of price cuts . . . |
| 4 November 2024 : Dangote reveals petrol price, sells at N990/litre {dailytrust.com} |
| Dangote Refinery has broken its silence on the price of premium motor spirit otherwise known as petroleum from its refinery . . . |
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3. News on Oil Exploration |
| 5 November 2024 : PPL secures 10-year lease for Sui Gas Field {brecorder.com} |
| Pakistan Petroleum Limited, an oil and gas exploration firm, has received approval for a Development and Production Lease . . . |
| 5 November 2024 : Kazakhstan secures Chinese and Russian involvement... {upstreamonline.com} |
| Kazakhstan state run oil and gas holding KazMunayGaz has moved ahead with plans to secure Chinese and Russian partners for onshore exploration projects . . . |
| 5 November 2024 : Turkey and Senegal sign a strategic energy agreement... {energynews.pro} |
| Turkey and Senegal have concluded a hydrocarbons cooperation agreement, including oil and gas exploration, production, and trade . . . |
| 4 November 2024 : Kyrgyzstan plans to expand mining sector with new licenses {daryo.uz} |
| Kyrgyzstan is set to embark on a transformative journey in the mining sector, with plans to issue licenses for the extraction of critical raw materials . . . |
| 2 November 2024 : Mineral Resources signs $722m gas exploration deal... {offshore-technology.com} |
| Mineral Resources has announced a significant A$1.1bn agreement with Hancock Prospecting for its Perth Basin gas exploration permits . . . |
| 2 November 2024 : BP and EOG look forward to first gas as countdown... {offshore-energy.biz} |
| BP Trinidad and Tobago, a subsidiary of the UK-based energy giant BP, is anticipating the sail-away of a new offshore platform . . . |
| 1 November 2024 : Shells North Sea gas discovery now expected to be... {offshore-energy.biz} |
| A further insight into the preliminary findings related to a recent gas discovery, made by the UK-headquartered energy giant Shell in the North Sea . . . |
| 1 November 2024 : Eni Kazakh joint venture hits dry well in Caspian... {upstreamonline.com} |
| Drilling at a shallow water block in the Kazakh sector of the Caspian Sea by Italys Eni and Kazakhstan . . . |
| 1 November 2024 : Macoun-area lease generates highest bid in Saskatchewan... {discoverweyburn.com} |
| The most recent public offering of Crown petroleum and natural gas rights was held Tuesday, generating $7,304,936.95 in revenue for the province . . . |
| 31 October 2024 : PTTEP prepares for next phase of exploration... {offshore-mag.com} |
| PTTEP will drill at least eight explorations wells offshore southeast Asia over the next two years, the company said in a results statement . . . |
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5. News on Oil Output |
| 5 November 2024 : Egypts petroleum ministry ties arrears payments to production... {zawya.com} |
| Egypts plans to settle outstanding dues to international oil companies include measures linking arrears payments to increased production . . . |
| 5 November 2024 : Iran to boost oil output by 250,000 bpd, oil ministry... {Reuters} |
| Iran has approved a plan to increase oil production by 250,000 barrels per day, the oil ministrys news website Shana reported on Monday . . . |
| 5 November 2024 : Libyan oil output resumption significantly increases... {oilprice.com} |
| OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily . . . |
| 4 November 2024 : Qatars LNG production to jump 35% from 2027, additional... {gulf-times.com} |
| Qatars liquefied natural gas production will increase by 35% from the current levels by 2027, suggesting demand for additional exports . . . |
| 4 November 2024 : Turkmenistan to ramp up natural gas output significantly {en.trend.az} |
| Turkmenistan plans to increase its natural gas production to 116 billion cubic meters per year by 2029, Rustam Tekeyev . . . |
| 4 November 2024 : Opec+ members delay planned rise in oil production {ft.com} |
| Saudi Arabia and other members of Opec+ have delayed a plan to begin raising oil production until the end of the year . . . |
| 3 November 2024 : Brazils offshore fields production accounts 97.6%... {tvbrics.com} |
| In September 2024, oil and natural gas production in Brazils region reached an all-time high, totalling 3.681 million barrels of oil equivalent per day . . . |
| 3 November 2024 : US oil majors report record profits {tribune.com.pk} |
| US oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals . . . |
| 2 November 2024 : TotalEnergies massive North Sea project days away from... {offshore-energy.biz} |
| TotalEnergies EP Danmark, a subsidiary of Frances energy giant TotalEnergies, is drawing closer to its goal of increasing output . . . |
| 1 November 2024 : Rosneft to resume output at idled Black Sea refinery... {oilprice.com} |
| Rosneft plans to resume crude processing at its Tuapse oil refinery on Russias Black Sea coast in November . . . |
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7. News on Oil companies |
| 5 November 2024 : Diamondback Energy misses Q3 profit estimates, raises... {Reuters} |
| Diamondback Energy, opens new tab missed estimates for third-quarter profit on Monday as it took a hit from lower prices . . . |
| 5 November 2024 : Vietnam oil & gas sectors Q3 profits up for upstream firms... {theinvestor.vn} |
| Upstream oil and gas companies in Vietnam reported robust profit growth in the third quarter of this year, but downstream peers were hit by declining oil prices . . . |
| 4 November 2024 : Shell reports $6b profit in Q3, surpassing forecasts by 12% {egyptoil-gas.com} |
| Shell released on Thursday its third-quarter profit of $6 billion, surpassing forecasts by 12% as robust liquefied natural gas sales offset decline . . . |
| 4 November 2024 : Exxon, Chevron top Q3 profit expectations as US... {tbsnews.net} |
| US oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals . . . |
| 2 November 2024 : Chevron beats profit expectations in Q3 on higher oil... {business-standard.com} |
| Chevron Corp on Friday beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output . . . |
| 1 November 2024 : Cheniere Energy Q3 earnings dip on lower LNG and gas prices {oilprice.com} |
| The biggest U.S. LNG exporter, Cheniere Energy Inc, reported on Thursday a decline in third-quarter revenues and profits . . . |
| 1 November 2024 : Canadian Natural Resources Q3 profit slips as oil and gas... {oilprice.com} |
| Canadas largest oil and gas producer, Canadian Natural Resources, reported lower adjusted net earnings from operations for the third quarter . . . |
| 1 November 2024 : BP posts weakest quarterly profits in almost four years... {theguardian.com} |
| BP has reported its weakest quarterly profits in almost four years owing to the slump in global oil prices and falling margins in its refinery business . . . |
| 1 November 2024 : Energy giant Shell reports drop in third-quarter net profit {Economic Times} |
| British energy major Shell on Thursday announced a sharp drop in net profit for the third quarter, with the oil and gas giant hit by lower oil prices . . . |
| 1 November 2024 : TotalEnergies profit drops more than expected as oil prices... {energyconnects.com} |
| TotalEnergies SE reported a bigger-than-expected drop in profit for the third quarter as refining margins and oil prices fell . . . |
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8. Oil Contracts |
| 5 November 2024 : Singaporean company enters Middle East with maiden oil & gas... {offshore-energy.biz} |
| Singapores offshore marine solutions company PACC Offshore Services Holdings, part of the Kuok Maritime Group . . . |
| 4 November 2024 : Kotug, Maritalia secure marine services contract for BP... {bairdmaritime.com} |
| After a thorough and competitive tender process, Netherlands-based Kotug International and its local Senegalese partner Maritalia . . . |
| 29 October 2024 : Turkmengaz and Gazprom end gas supply contract... {caspiannews.com} |
| Turkmenistans state gas company, Turkmengaz, and Russias energy giant, Gazprom PJSC, were unable to extend their gas supply contract . . . |
| 28 October 2024 : TotalEnergies awarded new gas project in Iraq {zawya.com} |
| OPEC oil producer has awarded Frances giant TotalEnergies a new project for reduction of gas flaring in its oilfields . . . |
| 23 October 2024 : Vitol inks LNG swap deal with China Gas {offshore-energy.biz} |
| China Gas Hongda Energy Trading, a subsidiary of Chinese piped-gas operator China Gas, and energy and commodities company Vitol have signed . . . |
| 22 October 2024 : Vallourec signs agreement with Saudi supply chain hub {offshore-mag.com} |
| Vallourec has signed a memorandum of understanding with Advanced Supply Management Operations, a joint venture between DHL and Aramco . . . |
| 21 October 2024 : Keppel, Australias biggest gas developer sign deal... {businesstimes.com.sg} |
| Keppel has tied up with Woodside Energy, Australias largest oil and gas developer, to supply liquid hydrogen to power Keppels data centres in Singapore . . . |
| 20 October 2024 : Iran, Russia discuss methods of reaching oil, gas deals {menafn.com} |
| Iran Ambassador to Russia, Kazem Jalali, met with Russian Deputy energy Minister Pavel Sorokin to discuss . . . |
| 20 October 2024 : Iraq signs gas supply deal with Turkmenistan {zawya.com} |
| Iraq has signed an agreement with Turkmenistan for the supply of 20 million cubic metres per day to power . . . |
| 16 October 2024 : Israel and Cyprus in talks over potential gas supply... {in-cyprus.philenews.com} |
| The energy ministries of Israel and Cyprus are discussing issues of mutual interest and possible cooperation following reports of an imminent natural gas supply agreement . . . |
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9. News on Oil stocks |
| 5 November 2024 : NOCs enlargement of its share in ExxonMobils project enables... {offshore-energy.biz} |
| Kumul Petroleum Holdings Limited, the national oil company of Papua New Guinea, has put the finishing touches in place to wrap up its acquisition . . . |
| 5 November 2024 : Enersol to acquire Deep Well Services in $223m deal {oedigital.com} |
| Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holdings, has signed an agreement to acquire a U.S.-based oilfield services company . . . |
| 4 November 2024 : Equinor buys more EQT Marcellus assets for $1.25 billion {jpt.spe.org} |
| Norways Equinor has signed an agreement with EQT Corporation to acquire nonoperated interests in the northern Marcellus formation in the US for $1.25 billion . . . |
| 2 November 2024 : Exxon completes sale of French refinery to Trafigura... {oilprice.com} |
| ExxonMobil has completed the sale of the Fos-sur-Mer refinery in France, its only processing facility in the Mediterranean region . . . |
| 31 October 2024 : Nigeria sees objections to Shell oil asset sale resolved soon {allsides.com} |
| Nigerias upstream oil regulator found some issues with Shells proposed sale of its onshore assets to a consortium of local companies . . . |
| 30 October 2024 : Equinor acquires EQTs Marcellus stake, boosting... {en.trend.az} |
| Equinor has agreed to acquire 100% of EQTs remaining interest in the Northern Marcellus gas units, primarily operated by Expand Energy, Trend reports . . . |
| 29 October 2024 : Blackstone to buy stakes in EQT US interstate gas pipelines... {offshore-technology.com} |
| Private equity firm Blackstone is in advanced negotiations to acquire minority stakes in natural gas producer EQTs US interstate natural gas pipelines . . . |
| 29 October 2024 : EIG-managed LNG player ups its stake in South Americas... {offshore-energy.biz} |
| MidOcean Energy, a liquefied natural gas player formed and managed by the U.S.-headquartered investment company EIG . . . |
| 29 October 2024 : Saudis Bawan acquires UAE-based oil and gas engineering... {zawya.com} |
| Saudi Arabias Bawan Company confirmed on Sunday that it has signed a Sale and Purchase Agreement with Petronash Global . . . |
| 25 October 2024 : Harbour Energy explores stakes sale in North Sea... {offshore-technology.com} |
| Harbour Energy, a British North Sea producer, is looking to sell stakes in several North Sea oilfields, reported Reuters . . . |
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FPSO For Long Term Time Charter
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12. General Oil News |
| 4 November 2024 : Canada to unveil proposed emissions cap on oil and gas sector... {boereport.com} |
| Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector . . . |
| 29 October 2024 : Petronas quest to fortify Malaysias oil & gas pinpoints... {offshore-energy.biz} |
| Malaysias state-owned energy player Petronas has launched two initiatives through Malaysia Petroleum Management . . . |
| 28 October 2024 : Nigerian troops seize 215,000 litres of stolen oil... {vanguardngr.com} |
| In a sustained crackdown on oil theft, Nigerian troops and security agencies have arrested 27 suspects involved in illegal oil activities . . . |
| 28 October 2024 : Stock futures rise with Nasdaq set to add to records... {cnbc.com} |
| U.S. equity futures jumped as investors looked for a batch of megacap technology earnings to keep driving the Nasdaq Composite to new heights this week . . . |
| 26 October 2024 : Dung Quat Oil Refinery optimizes production costs... {vietnam.vn} |
| In recent years, Dung Quat oil refinery has put into operation the frequency converter system for PM-5207A engine, helping to . . . |
| 24 October 2024 : Lighter Permian crude could create problem for refiners {oilprice.com} |
| As Permian producers exhaust prime tier-one acreage amid a surge in output in the basin, second-tier drilling locations . . . |
| 24 October 2024 : Bahlil to revamp overlapping oil and gas... {indonesiabusinesspost.com} |
| Minister of Energy and Mineral Resources, Bahlil Lahadalia, has announced plans to revamp overlapping regulations in the oil and gas sector . . . |
| 22 October 2024 : EU hits 95% full natural gas storage ahead of winter {oilprice.com} |
| The EUs natural gas storage is already at 95% full, data from Gas Infrastructure Europe show, after the bloc reached in August . . . |
| 21 October 2024 : Continued selling by FPIs negatively impacted oil... {Economic Times} |
| Foreign portfolio investors have significantly impacted key sectors such as financial services, oil & gas, and automobiles . . . |
| 21 October 2024 : Egypt cuts 2040 renewable energy target to 40%... {middleeastmonitor.com} |
| Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, Petroleum Minister Karim Badawi said on Sunday . . . |
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13. News on Biofuels |
| 5 November 2024 : Cepsa supplies biofuels to Japans NYK line {biofuels-news.com} |
| Cepsa has delivered second-generation biofuels to Japanese shipping company Nippon Yusen Kabushiki Kaisha in the Bay of Algeciras . . . |
| 5 November 2024 : RFA: Veterans for Renewable Fuels offers holiday... {ethanolproducer.com} |
| In honor of Veterans Day, a special fuel promotion will give local drivers access to a deep fuel discount on two popular ethanol fuel blends . . . |
| 3 November 2024 : USGC supports aquaculture growth in Morocco {ethanolproducer.com} |
| Recently, the U.S. Grains Councils regional office in Tunis, Tunisia used a USDA Section 108 grant to organize a training program . . . |
| 2 November 2024 : DOE grant supports Bridgestone innovation for... {ethanolproducer.com} |
| Bridgestone Americas on Oct. 22 announced it received a grant from the U.S. Department of Energy Industrial Efficiency and Decarbonization Office . . . |
| 1 November 2024 : UNICA: Ethanol production, sales up during first half... {ethanolproducer.com} |
| UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing was up during the first half of October . . . |
| 31 October 2024 : CCS and partners to conduct Singapores first long-term... {offshore-energy.biz} |
| China Classification Society, Weichai Singapore, Marine Energy and Sustainability Research Department of Nanyang Technological University . . . |
| 31 October 2024 : EIA: Ethanol production up slightly, stocks down 2%... {ethanolproducer.com} |
| U.S. fuel ethanol production was up slightly the week ending Oct. 25, according to data released by the U.S. Energy Information Administration . . . |
| 31 October 2024 : USGC: Larson discusses ethanol policy advancements... {ethanolproducer.com} |
| In October, the U.S. Grains Council sent a delegation to Italy and Spain to meet with private sector leaders and influential policymakers . . . |
| 30 October 2024 : Be8 begins construction of ethanol plant in Passo Fundo in Brazil {biofuels-news.com} |
| Be8 has begun the construction of its new ethanol plant - the first large-scale facility in the state producing biofuel from cereals . . . |
| 30 October 2024 : USDA: Corn use for ethanol production reaches... {ethanolproducer.com} |
| The USDA recently released its Grain Crushings and Co-Products Production report for October, reporting that corn use for fuel ethanol production in August . . . |
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Oil & Gas trainings in the next 60 days |
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| Carbon Capture, Utilisation and Storage (CCUS) Online Course : From 6th November to 13th November 2024 at Live Online Course. Map |
| The Role of Natural Gas in a Sustainable Energy Future : From 8th November to 8th November 2024 at Virtual. Map |
| Certificate in Maritime Cyber Security : From 11th November to 3rd February 2025 at Digital learning. Map |
| API 510 - Pressure Vessel Inspector Course : From 11th November to 15th November 2024 at Kuala Lumpur. Map |
| API 936 - Refractory Material Design, Application, Installation and Inspection : From 11th November to 15th November 2024 at Kuala Lumpur. Map |
| ASME Section VIII Division 1 & 2 - Pressure Vessel : From 11th November to 15th November 2024 at Kuala Lumpur. Map |
| Certified Reliability Engineer : From 11th November to 15th November 2024 at Kuala Lumpur. Map |
| LNG Value Chain: Markets, Trading, Operations & Energy Transition : From 11th November to 13th November 2024 at Perth. Map |
| Energy Transition & International Petroleum Fiscal Systems : From 11th November to 15th November 2024 at Dubai. Map |
| Mastering Clean Hydrogen (Online Course) : From 12th November to 22nd November 2024 at Live Online Course. Map |
| Unconventional Energy & Critical Materials Issues : From 12th November to 12th November 2024 at Virtual. Map |
| Certificate in Subsea Engineering : From 13th November to 5th February 2025 at Online Course. Map |
| Transient Flow Modeling for Gas Compressor Systems : From 14th November to 14th November 2024 at Virtual. Map |
| API 936 - Refractory Material Design, Application, Installation and Inspection (Bandung) : From 18th November to 22nd November 2024 at Bandung. Map |
| ASME B31.3 - Process Piping Code Design Requirements : From 18th November to 22nd November 2024 at Kuala Lumpur. Map |
| Certified Maintenance & Reliability Professional (CMRP) : From 18th November to 22nd November 2024 at Kuala Lumpur. Map |
| API 570 - Piping Inspector Course : From 18th November to 22nd November 2024 at Kuala Lumpur. Map |
| Project Finance & Project Financial Modelling (Online Course) : From 18th November to 5th December 2024 at Live Online Course. Map |
| Well Integrity-Cased Hole Logging and Reservoir Monitoring : From 18th November to 22nd November 2024 at Kuala Lumpur. Map |
| Diploma in Heavy Lift and Project Cargo Operations : From 19th November to 19th November 2025 at Digital learning. Map |
| Advanced Pipeline Design: HDD/Hot Tapping & Stopping Workshop : From 19th November to 21st November 2024 at Houston. Map |
| Certificate in Vessel Valuation : From 20th November to 12th February 2025 at Online. Map |
| Diploma in Naval Architecture : From 20th November to 20th November 2025 at Online. Map |
| Introduction to the Natural Gas Industry : From 20th November to 20th November 2024 at Virtual. Map |
| Certificate in Subterfuge in Shipping : From 21st November to 13th February 2025 at online. Map |
| Certified Maintenance & Reliability Professional (CMRP) (Bandung) : From 25th November to 29th November 2024 at Bandung. Map |
| Advanced Well Log Analysis & Interpretation : From 25th November to 29th November 2024 at Kuala Lumpur. Map |
| Corporate & Virtual Power Purchase Agreements (Online Course) : From 25th November to 5th December 2024 at Live Online Course. Map |
| Diploma in Maritime Law : From 25th November to 25th November 2025 at Online. Map |
| Upstream Petroleum Economics, Risk, and Fiscal Analysis : From 26th November to 28th November 2024 at Kuala Lumpur. Map |
| Certificate in Tanker Cargo Operations : From 26th November to 18th March 2025 at Online. Map |
| Certificate in Environmental, Social & Governance (ESG) in Shipping : From 27th November to 19th March 2025 at online. Map |
| Certificate in Superyacht Surveying : From 28th November to 20th February 2025 at Online. Map |
| API 570 - Piping Inspector Course : From 2nd December to 6th December 2024 at Bandung. Map |
| API 579 - Fitness For Service : From 2nd December to 6th December 2024 at Bali. Map |
| Fired Heaters for General Refinery Service : From 2nd December to 5th December 2024 at Kuala Lumpur. Map |
| Certificate in Cargo Surveying : From 2nd December to 24th February 2025 at Online. Map |
| SPE Thermal Well Integrity and Production Symposium : From 2nd December to 5th December 2024 at Alberta. Map |
| Introduction to Gas Turbines & Centrifugal Compressors : From 2nd December to 2nd December 2024 at Virtual. Map |
| SPE Workshop Shale and Tight Oil Development : From 3rd December to 4th December 2024 at Beijing. Map |
| Certificate in Ship Stability : From 4th December to 26th February 2025 at Online. Map |
| ASME Section VIII Division 1 & 2 - Pressure Vessel : From 9th December to 13th December 2024 at Bandung. Map |
| API 653 - Tank Inspection, Repair, Alteration, and Reconstruction : From 9th December to 13th December 2024 at Bandung. Map |
| Root Cause Analysis - RCA : From 9th December to 12th December 2024 at Kuala Lumpur. Map |
| Evaluation of Canadian Oil and Gas Properties : From 9th December to 13th December 2024 at Calgary. Map |
| Marine Biofuels Supply Chain Dynamics : From 10th December to 11th December 2024 at Dubai. Map |
| Direct Use of Natural Gas vs. Electrification : From 11th December to 11th December 2024 at Virtual. Map |
| ASME B31.3 - Process Piping Code Design Requirements : From 16th December to 20th December 2024 at Bandung. Map |
| Root Cause Analysis - RCA (Bali) : From 16th December to 19th December 2024 at Bali. Map |
| API 580 and 581 - Risk-Based Inspection & Base Resource Document : From 16th December to 20th December 2024 at Bandung. Map |
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