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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
30-11-2022

Germany’s Largest State Declares Emergency Amid Energy Crisis
North Rhine-Westphalia, the biggest state in Germany in terms of economy and population, has declared an emergency situation amid the energy crisis in order to be allowed to take on more debt.
Natural Gas
30-11-2022

Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion
Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on Wednesday, quoting a source familiar with the matter.
Natural Gas
30-11-2022

Saudi Arabia Makes More Unconventional Gas Discoveries
Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.
OPEC
30-11-2022

Reuters Survey: OPEC Cut 710,00 Bpd in November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according to a Reuters survey released on Wednesday.
Crude Oil
30-11-2022

Chevron to Ship First Venezuelan Oil to the U.S. By Year-End
Chevron is getting ready to ship the first oil cargo from Venezuela to the United States by late December.
Nigeria
30-11-2022

Nigeria Aims to End Imports of Petroleum Products Next Year
Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.
LNG
30-11-2022

Scholz Welcomes Qatar LNG Deal as 'Building Block' for German Energy Security
German Chancellor Olaf Scholz welcomed a new deal for liquefied natural gas (LNG) from Qatar on Tuesday as a "building block" towards his country's energy security and a sign that Berlin had many different countries to tap for supplies.
LNG
30-11-2022

Excelerate Energy's LNG Plant in Argentina Could Be Completed by 2025, Says Executive
Excelerate Energy, a U.S. company that provides storage and regasification services for liquefied natural gas globally, could complete its planned gas liquefaction plant in Argentina by 2025, according to an executive.
LNG
29-11-2022

Europe to Raise LNG Import Capacity Significantly Through 2024
The EU and the UK are expected to raise their combined LNG import capacity by 34%, or by 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021.
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.

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