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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Natural Gas
11-11-2022

Russia to Pursue Gas Deals With Turkey at G20
Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.
Natural Gas
10-11-2022

Natural Gas Prices Slide as Bearish News Continues to Mount
The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week.
OPEC
10-11-2022

Iraq Respects OPEC+ Deal, Wants to Raise Revenue per Barrel of Oil
Iraq's oil ministry respects the OPEC+ agreement to achieve global market stability.
Natural Gas
10-11-2022

Eni Can Double Italian Gas Production in 30-36 Months, CEO Says
In the next two and a half to three years Eni could almost double its gas production in Italy, the energy group's CEO said on Wednesday.
Oil Price
10-11-2022

IEA's Birol Says $100 Oil 'Real Risk' for Economy
The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.
LNG
10-11-2022

EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen
The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.
OPEC
10-11-2022

Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show
Iraq produced 4.651 million barrels per day (bpd) of crude in October, down by 11,000 bpd from September.
Crude Oil
10-11-2022

EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not expanding supply, and as OPEC+ moved last month to cut production targets by 2 million bpd.
Oil Price
10-11-2022

European Commission Says Gas Price Cap Is Impossible
The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders.
LNG
09-11-2022

Canadian LNG Exports to Asia Could Cut Emissions by the Equivalent of Removing All Vehicles From Canadian Roads, New Study Shows
Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads.
Oil Pipeline
08-11-2022

Curbing Oil Theft Has Helped Pipeline Availability, Nigeria LNG Says
Nigeria LNG said there had been an improvement in the availability of some oil pipelines since the government and state oil firm NNPC LTD stepped up efforts in August to combat theft.
Oil Price
08-11-2022

Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High
The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.
Oil&Gas Drilling
08-11-2022

Biden Says “No More Drilling” at a Rally
“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the crowd about drilling on federal land and in federal waters.
Oil Price
07-11-2022

Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lower.
Natural Gas
07-11-2022

Enbridge Greenlights C$3.6 Billion Gas Pipeline Expansion in Canada
Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion expansion of the southern segment of its British Columbia (B.C.) gas pipeline system after strong demand from customers.
Crude Oil
04-11-2022

UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Natural Gas
04-11-2022

Azerbaijan Needs Investment in Order to Boost European Gas Flows
Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.
Natural Gas
04-11-2022

Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Crude Oil
04-11-2022

North America Leads $370 Billion Global Push for Oil & Gas Pipelines
Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipelines.
Natural Gas
04-11-2022

Chesapeake Points to Rising Costs in Fastest-Growing U.S. Gas Field
Chesapeake Energy on Wednesday said inflation in the fastest growing U.S. shale gas region could surpass 15% next year, a sign that soaring costs for energy producers are far from abating.
Oil Refinery
03-11-2022

French Refineries Restart After Strike Action
Around 45% of France’s oil refining capacity remains offline following strike action last month, but supply is set to improve as one major refinery is back on stream while another is due to return to full capacity by the end of the week.
Natural Gas
03-11-2022

Nord Stream 1 Operator Says It Found Craters at Damaged Pipeline Site
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found "technogenic craters".
OPEC
03-11-2022

OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey
The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and September.
Oil&Gas Drilling
03-11-2022

ADNOC Awards Record US$4bn in Framework Agreements for IDFS
In a positive move for lower energy cost & low carbon intensive production, contracts have been awarded to ADNOC Drilling, SLB and Halliburton.
LNG
03-11-2022

Mitsubishi Power Partners With Damietta LNG to Enhance Power Supply Reliability and Availability
Mitsubishi Power has signed a long-term service agreement (LTSA) with Egyptian liquefied natural gas (LNG) producer Damietta LNG.

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