Oil & Gas
New Energy Vehicles
Policy & Regulation
Exhibition & Forum
Belt and Road
Oil & Gas
International Oil Prices Rose Significantly on the 17th
Japan Bets Big on Mozambique Liquefied Natural Gas
The money will fund the development of a gas field in the African country to produce some 12 million tons of LNG annually.
Eni Makes New Gas Discovery off Egypt
Eni announced that it had successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta.
Big Oil Confronts Possibility of Terminal Demand Decline
Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.
Oil & Gas Trade
Poland and Germany to Cut Russian Pipeline Oil Imports in July
Poland and Germany are set to reduce purchases of Russian flagship Urals crude blend via the Druzhba pipeline this month after Moscow cut its oil output along with other leading producers, traders said on Friday.
Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expenditures to boost production.
Michigan Judge Allows Restart of Disputed Line 5 Oil Pipeline
Enbridge resumed pumping through the Midwest pipeline.
Oil & Gas Trade
US Court Orders Seizure of Iranian Gasoline Cargoes
A US federal court today authorized the seizure of 1.16mn bl of Iranian gasoline aboard four tankers, which are allegedly transporting it to Venezuela.
New Zealand Cuts 2020 Oil Output Forecast
New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.
UAE's Taqa Registers Dh4bn Loss in Q1 2020
Despite the challenging start to the year, TAQA is looking ahead and is well positioned to continue benefiting from stable revenue streams.
Odfjell Rig Heads to South Africa for Total Drilling Campaign
Odfjell Drilling's semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.
Volkswagen's First LNG-Powered Car Carrier Arrives in US
Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car carrier in the US Port of Davisville, Rhode Island.
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an undisclosed sum.
Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolstering global crude markets.
TMS Cardiff Gas LNG Tanker Collides with Car Carrier off Belgium
A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping's car carrier offshore Belgium's Oostende.
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot markets.
CNOOC Announces Significant South China Sea Discovery
China National Offshore Oil Corporation announced a major discovery in Huizhou 26-6 in the east of the South China Sea.
How the Fed Bailed Out U.S. Oil And Gas
he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Oil & Gas Trade
Milestone for Neptune in Algeria
Neptune Energy today announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz.
China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil and Gas Equipment
Total Starts Up 2nd FPSO Off Brazil
Total and its partners announce the start-up of the Floating Production Storage and Offloading P-70 of the Iara cluster, located in the deepwater Santos Basin pre-salt offshore Brazil.
Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.
Egypt Gas Production at 23-Month Low
Egyptian gas production fell sharply in March from a year earlier, and was the lowest since April 2018.
Most views from Oil & Gas
China's Sinopec Buys About 10 LNG Cargoes for Winter Delivery
China's First Floating LNG Storage And Regasification Plant Project Completed
Iraq to Send Second Round of Gasoil Supplies to Lebanon
Shell Builds Fifth LNG Bunkering Station in Germany
Canadian Oil Prices Rise On Pipeline Shutdown
Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions