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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Refinery
01-11-2021

Oman’s 230,000 b/d Duqm Refinery Set for 1Q23 Start-up
Oman's 230,000 b/d Duqm refinery project is now 87pc complete and is on course to be commissioned in the first quarter of 2023
Oil Price
01-11-2021

Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east of Suez.
Natural Gas
31-10-2021

Chariot Partners with Mystery Group for Gas Project Offshore Morocco
Africa-focused energy company Chariot has signed a memorandum of understanding (MOU) with an undisclosed energy group to unlock the Anchois gas development potential, offshore Morocco.
Oil Refinery
30-10-2021

Petrofac Secures Lithuanian Refinery EPC Project
Petrofac announces it has been awarded an Engineering, Procurement and Construction contract, valued at around EUR550 million, from PC ORLEN Lietuva to support a comprehensive modernisation, environmental upgrade, and expansi
Natural Gas
30-10-2021

Energy Crisis: The Price of Natural Gas in Europe has Plummeted Due to Putin’s Big Announcement
The European Directorate General for Competition has once again started sniffing around Gazprom’s house, looking for signs of possible market manipulation and abuse of market dominance.
Oil Price
29-10-2021

Oil Prices Set for First Weekly Drop Since August As Supply Concerns Ease
U.S. West Texas Intermediate crude futures fell 4 cents to $82.77 a barrel by 0151 GMT.
Oil Field
29-10-2021

Shell Top Brass Remain Resolute in Support of Cambo Oilfield Development
Shell executives stressed the role of projects like Cambo in the UK energy mix, as the project partners await a decision on the controversial project.
Oil Price
28-10-2021

Oil Falls After Increases in U.S. Crude, Fuel Stockpiles
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer.
Oil Price
28-10-2021

Global Supply Shortages are Driving up Alaska Oil Prices
Alaska’s oil prices are at their highest since 2014 amid a global energy crunch.
Oil Price
28-10-2021

Charts Suggest Oil Prices may Peak Soon, Cramer Says
Oil may be near its peak if historical patterns hold true.
Oil Pipeline
28-10-2021

Pipeline Leak Disrupts Libya’s Oil Exports
Libya’s Es Sider pipeline has a major leak that will require a 7- 10-day shutdown for maintenance
Oil & Gas Trade
27-10-2021

Asian LNG Traders Snap up U.S. Shale Gas
Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where the fuel is among the cheapest in the world despite what’s turning into the steepest price run in two decades.
Oil Price
27-10-2021

Brent Oil ‘Scarcity Premium’ Widens as $100 a Barrel Forecast
The scarcity premium embedded in the structure of Brent crude oil futures has widened to the most since 2013 this week, a sign of the tight market underpinning oil’s rally that pundits increasingly predict will push the market to $100 a barrel.
Saudi Arabia
26-10-2021

TotalEnergies Dives Deeper into Saudi Downstream
State-controlled Saudi Aramco and TotalEnergies have launched two new fuel service stations in Saudi Arabia, the first since the pair set up a joint venture to create a retail network across the kingdom in 2019.
Oil Refinery
26-10-2021

France's Feyzin Refinery Restarts Crude Runs
TotalEnergies has restarted the crude distillation unit at its 105,000 b/d Feyzin refinery near Lyon around three weeks after a fire halted operations.
Oil Exploration
26-10-2021

QatarEnergy Joins Forces with ExxonMobil for Exploration Offshore Canada
Qatar’s state-owned oil and gas company QatarEnergy has signed a farm-in agreement with ExxonMobil Canada for an exploration license offshore Canada.
OPEC
26-10-2021

Saudi Oil Minister: OPEC+ Shouldn't Rush To Boost Production
Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices
Natural Gas
25-10-2021

Natural Gas is the Answer to Energy Crunch, Transition
The reason for this is that not everything in this industry is manufacturer-specific.
Crude Oil
25-10-2021

Construction Begins on Niger-Benin Crude Pipeline
China National Petroleum Corporation has commenced the construction of Niger-Benin Crude Pipeline a transnational pipeline that will carry crude from Niger’s Agadem basin to Benin’s Port Seme.
Crude Oil
25-10-2021

China's Crude Oil Output Picks up in September
China's crude oil production rose 3.2 percent year on year to 16.61 million tonnes in September, according to the National Bureau of Statistics.
Oil Price
25-10-2021

Wall Street Projects a “Higher for Longer” Era for Oil Prices
Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifting their long-term price forecasts, often by $10 or more.
Oil Exploration
25-10-2021

QatarEnergy Signs Deal with ExxonMobil Canada on Farm-in Exploration License
QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada.
Natural Gas
25-10-2021

Refiners Suffer From Record High Natural Gas Prices
Record natural gas prices in Europe and Asia are eroding oil refiner margins
Oil and Gas Equipment
21-10-2021

Largest North China Gas Storage Facility Starts up
China's state-controlled Sinopec's Wei11 gas storage facility commenced operations on 18 October, marking the completion of the largest group of underground gas storage facilities in north China with total storage capacity of 10.03bn m³.
Oil Refinery
21-10-2021

Dalian Revives Plan to Relocate PetroChina Refinery
But the long-mooted plan faces financial and potential regulatory hurdles and may increase petrochemical competition in the region.

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