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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

CNOOC
13-01-2022

Chinese Oil Major CNOOC Targets Record High Production This Decade
CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe
Oil Price
13-01-2022

Oil Prices Inch Higher Despite Large Gasoline Build
Crude prices dipped slightly before jumping again after the Energy Information Administration reported an inventory decline of 4.6 million barrels for the week to January 7.
Natural Gas
13-01-2022

Dana Gas and Crescent Petroleum Post 50% Jump in Gas Production in Iraqi Kurdistan
Production from operations in Iraqi Kurdistan over a three-year period reached a record 452 million cubic feet of gas per day at the end of 2021
Crude Oil
13-01-2022

Iraq to Bolster Crude Export Capacity in 2Q
Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.
Crude Oil
12-01-2022

Several Asian Refiners to Receive Full Saudi Crude Allocation in February
Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowledge of the matter said on Tuesday.
Oil & Gas Trade
12-01-2022

China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela
Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020
Crude Oil
11-01-2022

Libya’s El Sharara Crude Field Poised to Restart
Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.
Oil Field
11-01-2022

Output at Kazakh Tengiz Oil Field Ramping Back up
The Chevron-led Tengizchevroil consortium is gradually restoring production at Kazakhstan's giant Tengiz oil field after civil unrest forced the firm to reduce output by an unspecified amount last week.
Oil Exploration
11-01-2022

Eni Wins Five New Exploration Licences in Egypt
Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – by the Egyptian Ministry of Petroleum.
Oil & Gas Trade
11-01-2022

Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Crude Oil
11-01-2022

China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Natural Gas
11-01-2022

Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather
Europe’s natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later this week.
Oil Exploration
11-01-2022

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.
LNG
10-01-2022

First WAGABOX® Landfill Gas to RNG Project in the US Confirmed
Waga Energy is joining forces with Steuben County on a Renewable Natural Gas project at the county’s Bath landfill.
Market Analysis
10-01-2022

GECF and UNESCO Shape Future Plans
During the meeting, the existing stream of collaboration and new areas of cooperation in the months ahead, particularly as the UN embarks on an International Year of Basic Sciences for Sustainable Development in 2022 have been in the spotlight.
Natural Gas
09-01-2022

Groningen 2021-22 Gas Output Estimate Almost Doubled
Gas production from the Netherlands' Groningen field this gas year may have to be almost twice as high as previously expected.
Oil Field
08-01-2022

Equinor Makes Oil Discovery Near Existing Infrastructure in North Sea
Norwegian oil and gas company Equinor has made a new oil discovery, located near the Fram field in the North Sea offshore Norway, and will consider tying it to one of Troll field platforms.
LNG
07-01-2022

US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer
Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021
Crude Oil
07-01-2022

Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maintenance in the east of the country
Oil Price
07-01-2022

Gas Prices Surging in Europe
Increasing concern about Europe's reliance on gas supplies from Russia has led to fears of continued price volatility in the international energy market.
Energy Security
07-01-2022

Chinese Firms' Energy Projects in Kazakhstan Remain Safe: Sources
Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.
Oil Price
07-01-2022

Saudi Arabia Cuts Oil Prices For Asia In February
Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid the rapid spread of Omicron and higher OPEC+ supply to the markets.
Crude Oil
07-01-2022

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
Oil markets shrug off dip in U.S. gasoline demand
Oil Field
07-01-2022

ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S. supermajor said on Wednesday.
LNG
03-01-2022

South Korea Retires Two Oldest Coal-Fired Power Plants, to Replace with LNG
South Korea has permanently shut its two oldest coal-fired power plants, which will be replaced by new LNG-based ones, in line with President Moon Jae-in's push to reduce the country's reliance on coal in electricity generation and address worsening air p

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