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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

United Kingdom
19-07-2022

UK Stumps up Another £2MN for Yemen’s Floating Oil Threat
The UK will provide another £2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
Natural Gas
19-07-2022

Europe to Ration Gas if Nord Stream Stays Shut, Ineos Says
Europe will need to ration natural gas to meet winter heating demand if the Nord Stream pipeline doesn’t restart after planned maintenance, according to Ineos Group.
Gas Turbine
19-07-2022

Gazprom Asks Siemens to Provide Papers on Gas Turbine Return
The company has said it expects Siemens to fulfill its obligation on the repair of gas turbine engines
Ukraine
19-07-2022

Eastbound Gas Flows via Yamal-Europe Pipeline Edge Higher
Eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany edged higher, data from pipeline operator Gascade showed on Monday.
Crude Oil
19-07-2022

Iran Raises Aug Crude Oil Prices to Asia
Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at $8.90 above the Oman/Dubai average for August, up $2.80 from the previous month
Natural Gas
19-07-2022

Germany Admitted That the Country Will Not Have Enough Gas for the Winter Without Russian Supplies
Gas storage facilities in Germany are only 65% full, which is not enough to meet the country's need for fuel this winter, said Klaus Müller, head of the Federal Network Agency.
Natural Gas
18-07-2022

India to Nearly Double CNG Stations in Two Years: Minister
The country at present has 4,500 CNG stations.
Oil&Gas Drilling
18-07-2022

China’s First Self-Developed Shallow-Water Subsea Xmas Tree System Successfully Put Into Use
China's first self-developed shallow-water subsea Xmas tree system was successfully put into operation in the Jinzhou waters of the Bohai Sea, China National Offshore Oil Corporation (CNOOC) announced on Sunday.
Gas Turbine
18-07-2022

Canada Sent Repaired Turbine for Nord Stream to Germany - Kommersant
Canada sent a turbine for the Nord Stream gas pipeline to Germany by plane on July 17 after repair work had been completed, Kommersant newspaper reported on Monday, citing people familiar with the situation.
18-07-2022

Worley Wins Unconventional Work From Aramco
New contracts cover gas projects in Saudi Arabia and out-of-kingdom
LNG
18-07-2022

Australia Pacific LNG Welcomes New CEO
Australia Pacific LNG (APLNG) has announced that a new CEO will take the helm as the company seeks to strengthen its position as one of Eastern Australia’s largest natural gas suppliers.
Crude Oil
18-07-2022

Top U.S. Energy Envoy Expects Further Steps From OPEC Producers on Supplies
Major crude oil producers have spare capacity and are likely to boost supplies following President Joe Biden's visit to the Middle East, a senior U.S. energy envoy said on Sunday.
OPEC
18-07-2022

OPEC+ to Assess Oil Market, Take Necessary Steps: Saudi FM
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would continue to assess market conditions and act as necessary.
Saudi Arabia
17-07-2022

Saudi Arabia: No Additional Capacity to Increase Oil Production Beyond 13 Million Bpd
The kingdom said it is targeting production capacity of 13 million bpd by 2027
Oil Price
17-07-2022

Big Oil Poised For “Exceptional” Earnings Thanks To High Refining Margins
High refining margins and fuel demand in the second quarter are set to lead to exceptional earnings at Big Oil’s refining businesses.
Natural Gas
16-07-2022

Germany’s Top Buyer Of Russian Gas On The Brink Of Insolvency
Germany’s Uniper SE is just “days” away from insolvency, deputy chairman of Uniper’s supervisory board, Harold Seegatz, told Bloomberg on Friday.
Natural Gas
15-07-2022

Gastech Confirms High-Level Trade Pavilions From Countries Key to the Future of Energy
Gastech, with co-hosts Baker Hughes, Chevron, Eni, and Tellurian, has announced the high-level participation of 16 national pavilions from across the globe, including those supported by the United States, France, Germany, Italy, and Norway.
CCS
15-07-2022

Mature Offshore Australian Field Opens up New Oil Route to Singapore
Novel export destination will allow production to continue as partners work toward future CCS scheme
Natural Gas
15-07-2022

Gazprom Says It Cannot Guarantee the Safe Operation of Nord Stream
The energy giant stated it did not know if the gas turbine would eventually be returned from Canada
Oil Price
15-07-2022

India Mulls Easing Its Windfall Tax as Oil Prices Fall
With oil prices falling on recession fears, India is taking another look at its windfall tax on oil companies, anonymous Bloomberg sources close to the matter said on Thursday.
14-07-2022

Gastech Unveils 2022 Programme and Speakers
Gastech, with co-hosts Baker Hughes, Chevron, Eni, and Tellurian, has announced the conference programme for its 50-year anniversary edition, Gastech 2022 in Milan.
LNG
14-07-2022

Wood Mackenzie and Ball Corporation Introduce New Tool That Tracks Global LNG Liquefaction Train Statuses in Near Real-Time
Wood Mackenzie, Inc. a Verisk business, and Ball Corporation today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from their strategic agreement to accelerate the development of advanced analytics for energy markets
LNG
14-07-2022

What Is Keeping America From Realizing Its LNG Potential?
U.S. liquefied natural gas has become an increasingly important part of the global energy mix
United Kingdom
14-07-2022

See Monster Turns Oil Rig Into Sustainability Showcase
The 450-tonne platform is set to receive a new lease of life as a public art installation at Weston-super-Mare's seafront.
United Kingdom
13-07-2022

UK Approves 25% Windfall Tax on Oil and Gas Producers
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer energy bills.

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