Oil & Gas
New Energy Vehicles
Policy & Regulation
Exhibition & Forum
Belt and Road
Oil & Gas
Global LNG Demand Expected to Almost Double by 2040
Oil Prices Fall on Strong US Dollar and Supply Concerns
Brent and WTI are on track for gains of about 20% this month
Energean Proposes $500MM Carbon Storage Facility in Northern Greece
Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Prinos oil field.
Seven Oil Players Apply for Production Licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy has informed.
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
Thailand’s January LNG Imports Fall to Three-Year Low
Thailand's LNG imports hit a three-year low in January, with no receipts from its usual suppliers Australia and Malaysia, even as one of its biggest importers Qatar shipped slightly more during the month.
Equinor to Shut Down Veslefrikk Field after 30 Years
After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor and its partners in the Veslefrikk field, located in the North Sea, are now planning for the shutdown of the field in the spring of 2022.
Petronas Hits Oil Offshore Indonesia
Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, offshore East Java, Indonesia.
Turboden and Siemens Energy Upgrade Gas Compressor Station in Egypt
Turboden, a Mitsubishi Heavy Industries Group company, has been selected to supply a high-temperature Organic Rankine Cycle system to GASCO’s Dahshour gas compressor station in Egypt.
Israel and Egypt Discuss Natural Gas Pipeline Link
Egypt and Israel said they may build an undersea natural-gas pipeline connecting the two countries, as they seek to collaborate on exporting the fuel to Europe.
Republicans Sound Alarm Over Major U-Turn by Biden Admin on Russia-to-Europe Gas Pipeline
The report to Congress named two enterprises previously sanctioned by the Trump administration — the Russian pipe-laying ship ‘Fortuna’ and its owner KVT-RUS.
Oil & Gas Trade
Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Ismail said.
Shell Delays US Offshore Production Start ups
Shell has delayed the startup of the PowerNap and Vito deepwater projects in the US Gulf of Mexico because of Covid-19-related issues.
Texas Refineries Restarting After Power Loss
Texas refineries reported restarting units shut last week after subfreezing temperatures and a power crisis abruptly cut 28pc of US crude processing capacity.
Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts
The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the group next week.
Oil & Gas Trade
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever.
Digital Technology Powers Adnoc's Plans to Reach 5m bpd Capacity by 2030
Adnoc's Thamama centre generates $1.1bn in business value by leveraging technology
Waga Energy and Ferrovial Servicios to Deliver Massive Landfill Gas-to-Biomethane Project in Spain
The Ferrovial Servicios group, a leading global service operator, has selected Waga Energy to produce biomethane at the Can Mata landfill, one of Spain’s largest landfill, near Barcelona.
India's January Crude Processing Scales over 1-yr Peak
India's crude oil processing registered its second straight year-on-yea gain in January, while hitting a more than one-year high, as fuel demand improved on the back of a gradual increase in industrial and economic activity.
All Parties Accelerate the East Mediterranean Gas Pipeline Project
The project is expected to cost 7 billion euros, with a natural gas transportation volume of 9-12 billion cubic meters per year.
AB Energy to Supply Technology to Evergaz Biomethane Project
The facility prevents 4965 tpy of CO2 emissions and enables the spreading of natural fertilizer on the fields of 63 local farms, covering 4500 ha.
New Method Converts Methane in Natural Gas to Methanol at Room Temperature
Researchers at the University of Illinois Chicago have discovered a way to convert the methane in natural gas into liquid methanol at room temperature.
Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup
Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drilling plans.
Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise
Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.
Most views from Oil & Gas
Ukraine’s Exchange Launches Gas Storage Trading
UAE’s Energy Ambitions Extend Far Beyond Oil
Installation of Domestically Developed Gas Station Starts in South China Sea
Equinor Makes Oil Discovery Near Norway's Troll Field
Oman’s Duqm Refinery ' Ore than 75pc' Complete
Oil Falls Again as Opec and IEA Caution Ends Rally