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Oil&Gas Drilling
US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
Oil&Gas Drilling
24-11-2019
Total, Eni And Sonangol Bid for Angolan Oil And Gas Acreage
Angola’s oil, gas and biofuels agency (ANPG) announced the names of companies that submitted proposals for 10 fields in the Namibe and Benguela basins, which concluded on Wednesday.
LNG
23-11-2019
Volkswagen to Use LNG-Powered Car Freighters
Volkswagen Group Logistics has announced that it is the first company to use two car freighters powered by LNG in overseas traffic.
Crude
22-11-2019
Russia Wants Condensate Removed from OPEC Deal
Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas condensate to be excluded from Russia’s quota as part of its oil output pact with OPEC.
Shale Gas
22-11-2019
What Does Shale Oil Down Mean For America & The World?
For the last several decades, oil companies have been turning the American countryside into Swiss cheese as they scour the Earth for oil and gas deposits that can only be unlocked by fracking.
21-11-2019
Offshore Oil and Gas & FPSO Brazil Summit 2019
The International Event of FPSO Industry - FPSO Brazil Summit 2019 will be held in Rio de Janeiro, Brazil, Dec. 10th-11th!
Crude
21-11-2019
Who benefits from Syria's oil?
President Donald Trump says he expects the United States to benefit by millions of dollars per month from Syria's oil revenues while US troops remain in the country.
Oil&Gas Drilling
20-11-2019
Is Big Oil Wasting Its Time in The US Shale Patch?
Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and moving forward with aggressive drilling plans.
Oil & Gas Trade
19-11-2019
U.S. to no Longer Waive Sanctions on Iranian Nuclear Site
The United States said on Monday it will no longer waive sanctions related to Iran’s Fordow nuclear plant after Tehran resumed uranium enrichment at the underground site.
Oil & Gas Trade
18-11-2019
Poland Will Not Extend 9bcm Gas Supply Deal with Russia
Polish gas firm PGNiG said on Friday it will terminate its long-term gas supply deal with Russia when it expires at the end of 2022 and will rely on LNG and Norwegian imports to fill the gap.
Oil&Gas Drilling
18-11-2019
Ghanaian Firm Springfield Makes Historic Oil Discovery of 1.2bn Barrels in Deepwater
The company last month commenced its drilling activity in the West Cape Three Points Block 2 and a little over a month later made a discovery that was set to be announced publicly last week but was called off at the last hour.
Market Analysis
17-11-2019
IEA : The Share of Natural Gas in the African Energy mix Will Increase from 5% to 25% by 2040
According to the energy outlook of the International Energy Agency (IEA), the share of natural gas in the energy mix of the African continent will increase from 5% currently to 25%, within the next 20 years .
Crude
16-11-2019
Russia Plans To Boost Crude Oil Exports
Russia expects to increase its crude oil exports by around 400,000 bpd-500,000 bpd to more than 5.6 million bpd within five years, Energy Minister Alexander Novak said in an article in Russian-language magazine Energy Policy.
Crude
15-11-2019
Russia Sent 17.8% Less Crude Oil to Germany in Jan-Sept
Russia reduced exports of crude oil to Germany in the year to September by 17.8%, still reflecting a halt in the Druzhba pipeline between April and June due to contamination, official data showed.
Crude
14-11-2019
China Oct Refinery Output Rises 9.2% from Year Ago to Second-Highest Ever
China’s crude oil throughput in October rose 9.2% from a year earlier to the second-highest on record, as refineries in the world’s second-biggest oil consumer and top importer ramped up output after returning from plant maintenance.
Oil&Gas Drilling
14-11-2019
Pakistan, China Agree to Work on Four Key Projects for Oi l& gas
Pakistan and China have agreed to include four key projects for oil and gas cooperation including finalisation of feasibility study on South North Gas Pipeline Project by Power China International Group of Companies.
Oil & Gas Trade
14-11-2019
BNP Paribas Analysis Says Demise of Big Oil Is Coming Within A Decade
According to a new analysis by BNP Paribas, the big oil industry is “now in relentless and irreversible decline,” mostly thanks to the dip in prices for batteries and renewables, which is driving an electric vehicle – EV – revolution.
Oil & Gas Trade
13-11-2019
Global Oil Demand to Hit a Plateau Around 2030, IEA Predicts
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
Oil and Gas Technology
13-11-2019
'Artificial Leaf' Successfully Produces Clean Gas
A widely-used gas that is currently produced from fossil fuels can instead be made by an 'artificial leaf' that uses only sunlight, carbon dioxide and water, and which could eventually be used to develop a sustainable liquid fuel alternative to petrol.
Shale Gas
12-11-2019
Argentina's Shale Trove Risks Staying Buried, Oil Chiefs Say
Investments had been picking up in Vaca Muerta, a Maryland-sized shale formation in Patagonia that could turn the troubled nation into a global energy provider. But that was before leftist Alberto Fernandez won the presidential election last month.
Oil & Gas Trade
11-11-2019
Oil Demand could Peak in 20 years, Says Saudi Aramco IPO Prospectus
A second scenario in the Saudi Aramco prospectus assumes a faster transition away from fossil fuels that leads to peak oil demand occurring in the late 2020s.
Oil and Gas Equipment
11-11-2019
EU's New List of Energy Projects Includes 32 Gas Facilities
The EU says it wants to get out of fossil fuels and become climate neutral as soon as possible. But the European Commission’s latest list of energy projects eligible for EU funding nevertheless includes 32 gas projects.
Oil&Gas Drilling
11-11-2019
China's CNPC Launches Deepest Onshore Gas Field
CNPC has fully launched the deepest onshore gas field in the country, Keshen 9, in the south foot of Tianshan in Tarim oilfield, Xinjiang region, reported state television on Monday, citing officials from the company.
Oil & Gas Trade
11-11-2019
China to Remain a Battle Ground for Saudi Aramco, Russian Crude Suppliers
China has been relying heavily on Saudi Arabia and Russia for its refinery feedstock requirements over the recent years, with both producers constantly switching between them the top supplier position to Asia's biggest energy consumer.
Oil&Gas Drilling
10-11-2019
Iran’s president: New oil field found with over 50B barrels
Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.
Oil & Gas Trade
10-11-2019
Saudi Aramco's Record IPO to Launch November 17
Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. It left potential buyers in the dark about the size of the stake it plans to sell and the pricing range.
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