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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

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.
Crude Oil
22-12-2021

Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d
China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's third-largest supplier, data from General Administration of Customs showed Dec. 21.
Crude Oil
21-12-2021

Libya's NOC Says 300,000 b/d Crude Shut in
Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.
Natural Gas
21-12-2021

Petrobras Restarts Production from Brazilian Gas Field Following Pipeline Repairs
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil.
Crude Oil
20-12-2021

Eni Oil Block Expected to Enter Production in Q2 2023, Ivory Coast Says
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas.
Crude Oil
20-12-2021

Libya Considers Bonuses for Oil Companies to Boost Crude Output
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output to 1.4 million barrels a day by mid-2022.
Natural Gas
20-12-2021

Washington’s Natural Gas Usage Increased in 2020
The 2020 fuel mix report was released this week, and shows that while coal-fired power decreased slightly, the use of natural gas increased.
Natural Gas
20-12-2021

High Gas Prices Push up Electricity Cost in EU
Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
Natural Gas
18-12-2021

Brazil’s Gas Production Grew in November
Available natural gas was up by 8.1pc compared to previous month's levels, according to preliminary data from Brazil's oil and gas regulator ANP.

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