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Oil Exploration
Asia's First Cylindrical Fpso Facility Completed in E China
LNG
29-11-2022
QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany
QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project.
Oil Refinery
29-11-2022
Italy Set to Nationalise Lukoil Refinery - Paper
Italy's government is set to nationalise the Lukoil-owned ISAB refinery in Sicily and will ask the cabinet to decide on the matter at a meeting scheduled on Thursday, la Repubblica reported, citing sources involved in the matter.
Oil Refinery
29-11-2022
Talks Unsuccessful, Action at BP Rotterdam Refinery to Continue -Union
Talks on Monday between management and unions at the BP Rotterdam Refinery (BP.L) were not successful, a union spokesperson said, and labour actions at the large facility will continue.
Crude Oil
29-11-2022
UAE Brings Forward Oil Production Capacity Expansion to 2027
The board of Abu Dhabi's ADNOC endorsed plans on Monday to bring forward the company's five million barrel per day oil production capacity expansion to 2027 from a previous target of 2030, to meet rising global energy demand.
Natural Gas
29-11-2022
Strong Growth in Natural Gas Generation Seen in Asia
This will mostly be driven by Southeast Asian markets.
Natural Gas
29-11-2022
Mexico's CFE Says to Work with Engie to Expand Pipeline in Yucatan Peninsula
Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in the Yucatan Peninsula, CFE said in a statement Monday.
Natural Gas
29-11-2022
Nord Stream Updates Russia-Germany Pipeline Outage End-Date to April Next Year
Nord Stream AG, the operator of the Russia-led Nord Stream 1 gas pipeline, on Monday updated the end date of the unplanned outage at the Greifswald exit in Germany to April 1, next year.
Crude Oil
29-11-2022
Argentina Agrees Fuel Price Rise Caps with Firms, Pledges FX Access
Argentina on Monday reached an agreement with major oil firms operating in the country to put a cap on fuel price increases in a bid to keep costs at the pump down for hard-hit consumers amid surging inflation.
Crude Oil
29-11-2022
Exxon to Exit Equatorial Guinea Amid Wider Africa Crude Phaseout
Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters.
Crude Oil
28-11-2022
UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources
Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in January, five sources with knowledge of the matter said on Monday.
OPEC
28-11-2022
OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official
The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official at the country's state oil marketer SOMO, as saying on Saturday.
Crude Oil
28-11-2022
Nigeria’s Oil Industry Can Flourish Despite Oil Theft
A recent report from NEITI revealed that the Nigerian government had earned $741.48 billion from oil and gas between 1999 and 2020.
Crude Oil
27-11-2022
BP Snags Contract to Market Guyana’s Share of Exxon’s Offshore Oil
The UK’s largest energy company BP Plc has won a contract to market Guyana's share of crude oil produced over the next year from two offshore production platforms.
LNG
25-11-2022
Argentina Government to Send LNG Bill to Congress in Coming Months
Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country.
Saudi Arabia
25-11-2022
Saudi, Iraqi Energy Ministers Meet, Review Oil Markets
The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.
LNG
24-11-2022
QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec
The deal will be in place for 27 years.
Natural Gas
24-11-2022
EU Executive Proposes Gas Price Cap at 275 Euros/MWh
The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exchange that serve as Europe's benchmark.
Oil Refinery
24-11-2022
BP Says Rotterdam Refinery Remains Shut In Dispute Over Pay
BP said on Tuesday the planned restart of its large refinery in Rotterdam was on hold after unions said they would not help with the return to service due to a dispute over pay.
LNG
23-11-2022
Sempra Strikes LNG Supply Deal With ConocoPhillips
Sempra Energy said on Tuesday that ConocoPhillips will buy five million tonnes per annum of liquefied natural gas (LNG) from Phase 1 of the Port Arthur LNG project under development in Jefferson County, Texas.
United Kingdom
23-11-2022
UK to Spend £20BN Closing off 2,000 Oil and Gas Wells in Next Decade, Report Says
Offshore Energies UK estimates 200 wells will be decommissioned every year at a cost of £7.8m each
Oil Refinery
23-11-2022
Strike at BP’s Largest European Refinery Could Deepen Diesel Crisis
Refinery workers at BP’s biggest refinery in Europe are on a partial strike over demands for higher wages and will not cooperate in efforts to restart the Rotterdam refinery, which is currently offline.
OPEC
23-11-2022
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their latest agreement.
Brazil
23-11-2022
Brazil’s Incoming Government to Revoke Bolsonaro’s Biodiesel Mandate Decision
Brazil's incoming government will look to revoke a decision to keep the mandatory blend of biodiesel in diesel at 10% until March 31, 2023, a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Tuesday.
Oil Price
22-11-2022
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
Crude Oil
22-11-2022
Colombia Reportedly Reconsidering Its Idea to Halt on New Oil and Gas Projects
Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country, according to Finance Minister José Antonio Ocampo.
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