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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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
Energy Technology
24-11-2021
China: New Sinopec Downstream Technology Process Developed
China's Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cutting costs and production times as well as significantly reducing carbon emissions.
Natural Gas
24-11-2021
Jonah, PureWest both Reach Natural-Gas Milestones
Separately, Jonah Energy and PureWest are announcing milestones in the privately held companies’ quests to market responsibly sourced natural gas.
Crude Oil
24-11-2021
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Oil&Gas Drilling
24-11-2021
Lukoil Strikes Oil in Waters off Mexico
Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.
Oil Price
23-11-2021
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Oil Field
23-11-2021
Repsol Shuts in Yme Field Only Weeks After Start-Up
Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.
Natural Gas
23-11-2021
BHP, Woodside Agree on $12 billion Australian Gas Project
BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets.
Crude Oil
23-11-2021
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of their strategic petroleum reserves.
Crude Oil
23-11-2021
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Oil & Gas Trade
23-11-2021
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
Oil Field
22-11-2021
Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea
Iran and Azerbaijan, members of the OPEC+ alliance, are looking at finalizing "soon" a number of energy deals, including joint development of an oil field in the Caspian Sea, Iranian oil minister Javad Owji said Nov. 21.
Oil Refinery
22-11-2021
Refinery Closures About To Happen In Europe
Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel feedstocks and renewable hydrogen production.
Oil Price
22-11-2021
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
21-11-2021
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
Crude Oil
20-11-2021
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.
Crude Oil
20-11-2021
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Natural Gas
19-11-2021
Lukashenko would not Dare Cut Gas Supplies to EU without Kremlin’s Permission
Belarus’ authoritarian President Alexander Lukashenko threatened to cut gas supplies to Europe transiting his country if the European Union imposed further sanctions in response to the migrant crisis created by Belarus at its border with Poland.
LNG
19-11-2021
South Korea Dominating Global Floating Liquefied Natural Gas Facility Market
South Korea is dominating the global floating liquefied natural gas facility market.
LNG
19-11-2021
Milestone Shipment of LNG will Catalyse Growth of Gas Economy in South Africa
DNG Energy has received South Africa’s first-ever consignment of liquefied natural gas from Rotterdam, Netherlands in a historic moment for the South African energy market.
Natural Gas
19-11-2021
ADNOC Hands Out $1.5 billion in New Deals to Progress Mega Gas Project
UAE’s oil and gas giant ADNOC has awarded two engineering, procurement, and construction contracts totalling $1.46 billion (AED5.36 billion) for the Dalma gas development project.
Natural Gas
19-11-2021
Korea Gas' Oct LNG Sales Rise 16% on year Amid Nuclear Maintenance, Energy Transition
South Korean state-owned Korea Gas Corp.'s LNG sales rose 15.8% year on year to 2.655 million mt in October, a company official said Nov. 18, driven by the shutdown of several nuclear reactors and the country's push to transition toward cleaner fuels.
Oil Pipeline
18-11-2021
Israel Energy Minister Says UAE Oil Pipeline should be Cancelled
Opposition from environmental groups has forced the Israeli government to reconsider one of its biggest deals with the UAE.
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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