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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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
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

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