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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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.
Crude Oil
24-12-2021
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nations to lower prices.
Oil Refinery
24-12-2021
Fire Injures Four At Exxon Refinery
A fire broke out early today at the Baytown refinery operated by Exxon, injuring four people.
Crude Oil
24-12-2021
Repsol Lifts 100,000 Barrels from Yme Field in North Sea
The first lifting of oil from the Repsol-operated Yme field located in the North Sea off Norway has been completed following the field start-up in October 2021.
Crude Oil
23-12-2021
Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks
Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.
Oil and Gas Equipment
23-12-2021
Coal-to-Liquid Plant in Ningxia Reaches Full Capacity
A project converting coal into oil in northwest China's Ningxia Hui Autonomous Region had produced 4.05 million tonnes of products this year as of 9:17 a.m. Sunday.
Oil Refinery
23-12-2021
India’s IOC to Expand Digboi Refinery Capacity
India's state-controlled refiner IOC will expand its 13,000 b/d Digboi refinery in Assam following the request of the state's chief minister Himanta Biswa Sarma.
Liquid Hydrogen
23-12-2021
Woodside Eyes Liquid Hydrogen Exports to Singapore
Australian independent Woodside Petroleum will participate in a study into the feasibility of long-term, sustainable liquid hydrogen exports from Western Australia to Singapore and potentially Japan.
Net Zero Emission
22-12-2021
New Oil And Gas Projects In UK Need To Pass Net-Zero Test
The checkpoint will apply to any future oil and gas licenses to ensure they are aligned with the UK’s climate change commitments and net-zero by 2050 target, the government said.
LNG
22-12-2021
CNOOC To Take First LNG Cargo From U.S. Exporter
China National Offshore Oil Corporation, the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG from a new export facility in Louisiana.
Colombia
22-12-2021
Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling
Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this decade, according to new analysis from Rystad Energy.
Natural Gas
22-12-2021
TotalEnergies Partners with Oman on Low-Carbon Natural Gas Projects
TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources.
Oil&Gas Drilling
22-12-2021
Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent
Oil & Gas Trade
22-12-2021
China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier
China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s biggest oil importer.
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
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Approval of Texas Deepwater Oil Terminal to Boost U.S. Crude Export Capacity