President Donald Trump has reiterated his threat to make India pay “massive” tariffs unless it stops buying Russian oil, repeating that India’s Prime Minister had assured him those purchases would stop.
The contract is for the construction, operation and management of the facility, which will be located in West Kuwait and treat approximately 3.4 mcm (120 mcf) per day of sour gas. The construction project has a completion timeline of 790 days and includes a five-year operations and maintenance engagement.
The USD 6.7 billion project is fully funded through a mix of debt, private placements and equity, including USD 1.29 billion each from NextDecade and its partners Global Infrastructure Partners, GIC and Mubadala.
Oil headed for a third weekly decline as traders focused on growing signs of oversupply and the fallout from renewed U.S.-China trade tensions. U.S. President Donald Trump said he would hold a second meeting with Russia’s Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine, raising the possibility of more […]
“The Indonesian government requests an acceleration of the project, which I understand, because Indonesia needs a lot of energy to feed its economic growth,” Takayuki Ueda, Chief Executive Officer of the Japanese oil and gas producer, said in an interview on the sidelines of the Energy Intelligence Forum in London. “We try our best, but it’s very challenging.”
RINA has been awarded the front-end engineering and design (FEED) contract for PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), a subsidiary of Petroliam Nasional Berhad (PETRONAS), covering the Southern Onshore Facilities of Malaysia’s flagship carbon capture and storage (CCS) project.
The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well testing yielded a flow rate of 1,040 bpd of 30° API crude with 12% BS&W and 2.5 MMscfd of associated gas, on a 32/64 in. choke with a wellhead pressure of 953 psi.
The agreement lays out areas of common interest in hydrocarbons exploration and production, with extensions for transportation, downstream activities and the provision of associated services along the energy value chain.
North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029.
The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco.