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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil & Gas Trade
09-12-2021
China Suntien Green Energy in 15-Year LNG Deal with Qatar Energy
A China Suntien Green Energy subsidiary will sign a sale and purchase deal with Qatar Liquefied Gas for 1 million mt/year of LNG for 15 years, the Hong Kong- and Shanghai-listed company said Dec. 8.
Natural Gas
09-12-2021
European Gas Extends Gains as Giant Field in Norway Cuts Output
European natural gas prices extended gains as one of the region’s biggest fields curbed output because of a fault.
OPEC
09-12-2021
UAE and Saudi Arabia Commit to Expand Co-Operation in Energy Projects
The countries also commended Opec+ for its role in stabilising the oil market.
LNG
09-12-2021
South Africa Embraces a Gas Economy to Drive Energy Security
100% Black-owned energy infrastructure company DNG Energy’s first delivery of LNG gas to commercial customers in South Africa marks the start of a new phase for the country’s gas economy.
Natural Gas
08-12-2021
Saudi Aramco, BlackRock Sign $15.5 billion Gas Pipeline Deal
Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company in its second major infrastructure deal this year.
LNG
08-12-2021
Global LNG Exports Hit Eight-Month High
Global LNG loadings increased in November compared with recent months, and were at their quickest since March, as stronger US and Malaysian output offset slower Qatari exports.
Crude Oil
08-12-2021
Top U.S. Shale Producer Worries Oil Prices could Run too Hot
Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and further roil markets after years underinvestment in the sector.
Oil Price
07-12-2021
Saudi Arabia Hikes Oil Prices Despite Omicron Fears
Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia
Oil Pipeline
07-12-2021
Germany: Nord Stream 2 Cannot Begin Operations Until Certified
The Russia-led Nord Stream 2 gas pipeline cannot start sending natural gas to Europe until it is certified by German authorities, which have suspended the certification process.
LNG
07-12-2021
QatarEnergy Enters Long-Term LNG Supply Agreement with China’s Guangdong Energy Group
QatarEnergy said that it has entered an agreement with Guangdong Energy Group Natural Gas Co for the supply of one million tons per annum of LNG to China over a 10 year period starting 2024.
Oil Field
07-12-2021
Shell Pulls Out of Cambo Oilfield
SHELL has pulled out of the Cambo oilfield project, saying that the economic case for investment isn’t strong enough.
Oil Field
07-12-2021
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom of Saudi Arabia.
LNG
07-12-2021
Energy Regulator approves five LNG Storage Licences for DNG Energy
The Energy Regulator has approved five site licences for the importation and storage of liquefied natural gas (LNG) by black-owned energy company DNG Energy.
LNG
06-12-2021
Korea Shipbuilders Win 91% of Global LNG Carrier Orders in Jan.-Nov. Period
Korean shipbuilders won 91 percent of the global orders for liquefied natural gas carriers in the January-November period of 2021.
Oil & Gas Trade
05-12-2021
Iran Delivers Fourth Crude Condensate Cargo To Venezuela
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year.
Oil Price
05-12-2021
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next month.
Oil & Gas Trade
03-12-2021
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dollars.
Crude Oil
03-12-2021
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction of oil prices, Reuters reported, citing Deputy Energy Secretary David Turk.
Crude Oil
03-12-2021
Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties
The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned
Crude Oil
03-12-2021
Acelen to Boost Runs at Newly Acquired Brazil Refinery
Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the country's thirsty northeast region.
Crude Oil
03-12-2021
Production Starts at Angola’s Clov 2 Oil Project
Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African country in the space of a week.
Natural Gas
03-12-2021
Australian LNG Exports Hit Record High in October
The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.
Oil&Gas Drilling
03-12-2021
TotalEnergies Spuds Namibian Ultra-Deepwater Well
French energy major TotalEnergies has started drilling the ultra-deepwater Venus-1X exploration well located offshore Namibia, using a Maersk Drilling-owned drillship.
Natural Gas
03-12-2021
Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia
Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.
Natural Gas
02-12-2021
Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run oil company Aramco.
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Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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PH, China reopen oil exploration talks
