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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

Crude Oil
02-12-2021

Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Natural Gas
01-12-2021

Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand
Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid a global shortage of the heating fuel.
Crude Oil
01-12-2021

Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Oil Price
01-12-2021

Oil Prices Projected To Hit $125 In 2022
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
Natural Gas
01-12-2021

Sound Energy Enters Gas Sales Agreement for Morocco’s Phase 2 Tendrara Development
The agreement covers the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10-year period.
Natural Gas
01-12-2021

Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says
The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.
Coal Gasification
30-11-2021

China’s Longest Coal-Bed Methane Pipeline Completes, Adding New Momentum to Natural Gas Supply
The Shanxi-Hebei section of the coal-bed methane pipeline starts from Lüliang in Shanxi and reaches Hengshui in Hebei, spanning a total length of 548.95 kilometers and a total capacity of 5 billion cubic meters per year.
United States
30-11-2021

More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.5 billion to its backlog in the period after the end of the third quarter of 2021.
CNOOC
30-11-2021

CNOOC Fires up Buzzard Expansion Project in North Sea
Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Oil & Gas Trade
30-11-2021

Iran Signs Gas Swap Deal with Turkmenistan, Azerbaijan
Iran has signed a tripartite agreement with neighbours Azerbaijan and Turkmenistan to facilitate the movement of gas between the two countries.
Crude Oil
30-11-2021

U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA
Crude Oil
30-11-2021

Iran Plans To Boost Oil Production To 5 Million Bpd
Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops
Oil Price
29-11-2021

Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar
Crude Oil
29-11-2021

Iran Seeks to Return Oil Output to Pre-Sanction Levels
Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome would directly impact the country’s energy-market ambitions.
Natural Gas
29-11-2021

Largest Natural Gas Storage Begins to Supply Gas to West-East Gas Pipeline
China's largest natural gas storage facility, the Hutubi gas storage under CNPC in Northwest China's Xinjiang Uygur Autonomous Region, began to supply gas to the West-East Gas Pipeline on Friday
Oil Field
29-11-2021

BP Brings Field Offshore Angola on Stream
Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda.
Crude Oil
27-11-2021

Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026.
Natural Gas
27-11-2021

Equinor Shifts Oseberg Output Focus Towards Gas
Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.
Crude Oil
27-11-2021

Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Oil Price
26-11-2021

Goldman Says Oil Prices Already Account for a Joint SPR Release
The White House’s push for releases of oil from national reserves is already fully priced into the market following the drop in crude prices in recent weeks
Crude Oil
26-11-2021

Opec's ECB Mulls 66mn bl SPR Release in Jan-Feb
An Opec advisory committee has been considering the possibility that as much as 66mn bl could be released from the strategic reserves of key oil-consuming countries in the first two months of next year, exacerbating an expected global supply surplus.
Oil Field
25-11-2021

Daily Natural Gas Supply of Deep Sea No.1 Gas Field Hits 10 million Cubic Meters
China’s first self-operated deep-water gas field exploration facility, Deep Sea No.1 built by China National Offshore Oil Corp in the South China Sea, is already able to supply 10 million cubic meters a day.
Crude Oil
25-11-2021

Barclays Lifts Brent Oil Price Forecast To $80 In 2022
Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year and faster inventory drawdown by the end of this year.
Crude Oil
25-11-2021

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Natural Gas
24-11-2021

China's Sinopec Raises Daily Gas Supply by 10 million cu m to Cope with Cold Snap
Chinese state-owned oil and gas major Sinopec has increased daily natural gas supply to the north of the country by more than 10 million cubic meters in a bid to meet demand from local residents and enterprises amid cold weather

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