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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Supply
02-01-2022

Russia’s Oil Output to Rise by 5% in 2022
Russia’s deputy prime minister Alexander Novak expects the oil output to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Oil Pipeline
01-01-2022

Putin: Nord Stream 2 Is Loaded With Gas And Ready To Deliver
Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports.
Crude Oil
31-12-2021

High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen
Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.
Oil&Gas Drilling
31-12-2021

Indian State Oil Giant To Significantly Expand Oil Exploration
Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025
Crude Oil
31-12-2021

Saudi Arabia may Set Deep Crude Price Cuts for Asia in February
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this month, industry sources said.
Crude Oil
30-12-2021

Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
Crude Oil
30-12-2021

Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2
Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi
Oil & Gas Trade
30-12-2021

Hyundai Oilbank to Export Gasoline and Diesel to Hawaii
Hyundai Oilbank announced on Dec. 28 that it has signed a long-term contract to export finished petroleum products to Hawaii.
Oil Field
30-12-2021

PetroRio Forging Ahead with Field Development off Brazil
Brazilian oil and gas company PetroRio has undertaken the required steps to move forward with the development of the Wahoo field – located offshore Brazil.
Crude Oil
30-12-2021

Higher Crude Demand Supports India-Bound Suezmax Rates
Suezmax rates from the Mideast Gulf to the west coast of India have been rising on account of higher demand from Indian state-controlled refineries.
Crude Oil
29-12-2021

India’s Haldia Petrochemicals Plans New Cracker Project
Indian petrochemical producer Haldia Petrochemicals plans to develop a new oil-to-chemicals project at Cuddalore in south India's state of Tamil Nadu.
Oil&Gas Drilling
29-12-2021

Aker BP Secures Drilling Permit for North Sea Well Trio
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.
Natural Gas
29-12-2021

EU Natural Gas Prices Tumble For Fifth Straight Day
20 tankers with U.S. LNG are traveling to Europe, and another 14 are headed in the same general direction awaiting further orders
United States
29-12-2021

U.S. Natural Gas Rise As Colder Weather Rushes In
U.S. natural gas futures rose this week as colder weather with snow came into parts of the country.
Crude Oil
29-12-2021

China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
Oil&Gas Drilling
29-12-2021

APA, Sinopec to Recover $900MM of “Backlogged Costs” in Egyptian Project
APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North African nation.
Crude Oil
28-12-2021

China 2021 Crude Oil Output Expected to Total 199 mln T -Energy Administration
China’s crude oil output in 2021 is expected to total around 199 million tonnes, or about 3.98 million barrels per day, clocking a third straight annual rise
Natural Gas
28-12-2021

Shell to Supply Brazilian Natural Gas Plants
Shell will supply two of the natural gas thermoelectric plants that won the latest Brazilian capacity tender — the already existing Termopernambuco plant in Bahia state and the new Portocem project in Ceara
Crude Oil
28-12-2021

Japan To Sell Crude Oil From State Reserves In February
Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower prices.
Crude Oil
27-12-2021

Turkey's Drillship Fatih Starts Operations in Türkali-7 well
Turkey’s first drillship, Fatih, began drilling in the Türkali-7 location in the Black Sea on Dec. 24, according to Turkey’s Energy and Natural Resources Minister Fatih Dönmez.
Crude Oil
27-12-2021

CPC to Import 90,000MT Crude Oil from Singapore
The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.
Oil Refinery
27-12-2021

Mexico’s Pemex Secures $500m in New Funding to Help It Take Over Texas Refinery
The acquisition would secure critical fuel supplies for the state oil company
Crude Oil
27-12-2021

Russia Eyes 3-5pc Growth in Liquids Output in 2022
Russian crude and condensate production will grow by between 3-5pc in 2022, deputy prime minister Alexander Novak said today.
Crude Oil
24-12-2021

U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus.
Crude Oil
24-12-2021

Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve
The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s effort to lower energy costs.

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