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Shell Makes Significant Oil & Gas Discovery Offshore Namibia

Oil&Gas Drilling

Shell Makes Significant Oil & Gas Discovery Offshore Namibia

Crude Oil
2022-01-27

OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
2022-01-27

Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
Crude Oil
2022-01-27

Ice Brent Crude at $90/bl
Front-month Ice Brent crude futures prices topped $90/bl today for the first time since October 2014.
LNG
2022-01-27

Thailand Imports more LNG in December
Thailand's December 2021 LNG imports rose on the month and on the year, likely as domestic gas production continued to fall.
Crude Oil
2022-01-27

U.S. Releases Another 13.4 Million Barrels From SPR
The U.S. administration has approved the release of another 13.4 million barrels of crude from the strategic petroleum reserve in a move first announced last November by the White House as an attempt to ease upward pressure on fuel prices.
Crude Oil
2022-01-26

Peru Warns Repsol Over Oil Spill
A suspension of Repsol's refinery is among the punitive measures that Peru is considering in response to a damaging oil spill last week.
Natural Gas
2022-01-26

Saudi Arabia’s Gas Production Hits Record-High
Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020
Oil Price
2022-01-25

Japan to Subsidize Oil Wholesalers for 1st Time to Curb Fuel Price
Japan's industry minister Koichi Hagiuda said Tuesday the government will implement for the first time its oil industry subsidy program, which is aimed at curbing petroleum fuel prices starting later this week following a recent surge in oil prices.
Oil Refinery
2022-01-25

Japan’s Eneos to Close Wakayama Oil Refinery on Falling Demand
Japan’s Eneos Holdings Inc. will close one of its oil refineries next year due to falling domestic demand and the shift away from fossil fuels.
Natural Gas
2022-01-25

Texas Natural Gas Production Falls as Freezing Weather Sets in
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
Nigeria
2022-01-25

Nigeria Oil Refinery About to Come Online Later This Year
AfDB President Dr Akinwumi Adesina described the Dangote oil refinery and petrochemical plant project in Nigeria as a game-changing initiative that will spur the continent’s development and deepen regional integration.
Indonesia
2022-01-24

Kuwait's Kufpec Discovers Gas, Condensate in Indonesia
Kufpec, the foreign upstream arm of Kuwait's state-owned KPC, today announced a gas and condensate discovery in the Anambas block in the Natuna Sea north of Indonesia, marking the company's first ever offshore find.
Market Analysis
2022-01-24

EIA Forecasts US Fossil Fuel Production to Reach New Highs in 2023
After declining in 2020, the combined production of US fossil fuels increased by 2% in 2021 to 77.14 quadrillion British thermal units.
Crude Oil
2022-01-24

OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.
Crude Oil
2022-01-24

Russia’s Oil Output Could Peak In 2023
There are growing doubts as to whether Russia can grow petroleum production to the volumes forecast by Moscow.
Crude Oil
2022-01-24

China's Crude Oil Output Rises in 2021
China's crude oil output reached nearly 199 million tonnes last year, up 2.4 percent from the previous year, official data showed.
Oil & Gas Trade
2022-01-22

Chinese LNG Reload Heads to Europe
Europe is poised to receive a cargo reloaded at a Chinese LNG import terminal, as the region remains the global premium market for LNG and weaker demand leads Chinese firms to resell cargoes.
Natural Gas
2022-01-21

China Is Reselling LNG Cargoes, Driving Gas Prices Lower
Major Chinese LNG importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see it through the winter and easing concerns about the global gas crunch.
Crude Oil
2022-01-21

Norway Recorded Higher Oil & Gas Output in December
Norway’s oil and gas production increased in December 2021 when compared to the previous month but it was slightly below predictions made by the Norwegian Petroleum Directorate.
United States
2022-01-21

US Refining Expects Resurgent 2022
US refiners are set for a shift back toward pre-pandemic profits in 2022, with many expecting Covid-19 restrictions to taper amid rebounding demand for products this year.
Russian Federation
2022-01-20

Russia’s February gas-transit plan leaves Europe in the lurch
Russia is keeping Europe’s natural gas market on edge, with no relief in sight from the country’s preliminary supply plans for next month.
LNG
2022-01-20

Ghana Plans to Become West Africa’s Gas Hub with Import Terminal
Ghana’s state-owned oil company is progressing with plans to sell liquefied natural gas throughout West Africa after shipments of the fuel begin to flow to an import terminal this year.
Crude Oil
2022-01-20

Iraq-Turkey Pipeline Resumes Oil Flows After Explosion
The 450,000-barrels-per-day Kirkuk-Ceyhan pipeline that carries crude from northern Iraq to Turkey’s Ceyhan port for export resumed oil flows on Wednesday after an explosion and a fire interrupted operations on Tuesday
Natural Gas
2022-01-20

Brazil's PetroReconcavo Gas Output Doubles in December
Brazilian onshore natural gas producer PetroReconcavo more than doubled production in December from the prior month on newly acquired operations in the Miranga and Remanso fields.
Oil Refinery
2022-01-20

IEA Revises up 2022 Global Refinery Runs Forecast
The IEA has revised up its 2022 forecast for global refinery runs to within 400,000 b/d of pre-Covid levels.

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