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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Exploration
09-10-2021

4 Offshore Contracts Signed for Hydrocarbon Exploration and Production; Investments will Total US$1.4 billion
The National Hydrocarbons Agency and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean, with investment commitments of approximately US$1.4 billion.
Crude Oil
09-10-2021

ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels
ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels.
OPEC
09-10-2021

Opec+ Output up by 650,000 b/d in September
Opec+ output rose sharply in September, pushed higher by production recoveries in Nigeria, Angola and Kazakhstan and by a notable increase from Iraq.
LNG
09-10-2021

Vietnam Approves New $2.3 bln LNG Project
The plant, which is based in the central province of Quang Tri, will have an initial capacity of 1,500 MW, the government said in a statement
Crude Oil
09-10-2021

Oil Rises 4% in Week as Energy Crunch Shows no Signs of Easing
Even with worldwide demand growing as economic activity rebounds from pandemic lows, the Organization of the Petroleum Exporting Countries and allied producers this week said they would remain on the path of gradually bringing back production.
Natural Gas
08-10-2021

Natural Gas Prices Drop as Putin Says Russia will Boost Supplies to Europe
According to trading data from the ICE, the price of November gas futures on the Dutch TTF index started trading at almost $1,260 per thousand cubic meters on Thursday, then briefly jumped to $1,370 at 6:13am GMT and later show
Crude Oil
08-10-2021

Iraq in Advanced Talks with IOCs Over Boosting Oil Capacity to 8 mil b/d by 2027
Iraq, OPEC’s second-biggest producer, is in advanced talks with international oil companies over boosting the country’s production capacity to 8 million b/d by end of 2027, its oil minister said Oct. 6.
Crude Oil
08-10-2021

US Imports of Canadian Crude up as Line 3 Starts
Early signs that new pipeline capacity out of Canada is now supplying crude to the US came this week as preliminary data from the US EIA showed a notable rise in US imports.
Natural Gas
08-10-2021

Defining Moment for the World on Natural Gas: GECF Annual Workshop
The cleanest of all the fossil fuels has entered its most defining moment as the world gets back to the twin ambitions of economic recovery and sustainable progress
LNG
08-10-2021

LNG Binding Producers-Consumers Together in Abruptly Changing Energy Landscape
However, he warned, the industry is increasingly being challenged by policies slanted against fossil fuels, which may lead to lack of financing and investment across the sector.
Natural Gas
06-10-2021

Qatar Energy Minister Says Current Gas Market Conditions Unhealthy
Kaabi said it was time to "set aside emotions" and realise that a successful energy transition cannot be achieved by producers alone and that it must be a joint effort including end- users.
Natural Gas
02-10-2021

Brazil Prepares Moves to Smooth Gas Market Opening
The Brazilian government is preparing a new resolution to solve some of the most urgent pending matters in the soon-to-be-liberalized natural gas market.
Natural Gas
01-10-2021

China Boosts Gas Storage, Supplies Ahead of Winter
China has accelerated gas purchases and storage ahead of winter as the country prioritises meeting its heating needs.
Oil Price
01-10-2021

UAE Petrol Prices to Edge Higher in October
Motorists across the Emirates will pay more at the pumps for both petrol and diesel
Crude Oil
01-10-2021

Oil Price Falls for Second Day as Supply-Driven Rally Peters Out
Brent crude was down $1.03 or 1.3% at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly three years.
Natural Gas
01-10-2021

Vanguard Renewables and Enbridge Partner on Renewable Gas Project
Waste-to-energy technology company Vanguard Renewables has announced a partnership with energy infrastructure company Enbridge on a project that will see up to $300 million being invested to develop generation and transportation infrastructure.
Natural Gas
30-09-2021

Unprecedented High Gas Price: Security of Global Supply at Risk?
The price for October future at the TTF Hub reached $1,031 per 1,000 cubic metres.
LNG
30-09-2021

Mayer Brown Represents Höegh LNG on FSRU Deal with New Fortress Energy
Mayer Brown advised Höegh LNG, which provides maritime transportation and storage of LNG, on the long-term charter and operation and service agreements for a floating storage regasification unit.
LNG
30-09-2021

Details of Qatar’s LNG Carrier Project Expected to Come Out in October
More details of Qatar’s LNG carrier project worth about 23 trillion won are expected to come out in October. As a result, competition to win a bigger share of the project is expected to heat up among Korean and Chinese shipbuilders.
Oil Pipeline
30-09-2021

Enbridge To Start New Line 3 Oil Pipeline On October 1st
The Line 3 Replacement program is expected to boost the pipeline takeaway capacity of Canada’s oil sands producers.
OPEC
30-09-2021

Biden Administration Begs OPEC+ Again To Bring Down Oil Prices
And the Biden Administration’s outreach regarding oil prices doesn’t stop with OPEC, Psaki said.
Natural Gas
29-09-2021

Russian Gas Supply Via Yamal-Europe Pipeline Falls by More Than Half
Russian natural gas supplies via the Yamal-Europe gas pipeline on Tuesday fell by more than half from Monday, according to the data from grid operator Gascade, while the Kremin-controlled Gazprom said the reduction was temporary.
Oil Price
29-09-2021

White House Speaking with OPEC About Oil Prices
White House speaking with OPEC about oil prices.
Oil Exploration
29-09-2021

DNO Makes Small North Sea Oil Find. Another Well Comes Up Dry
Oil and gas operator DNO has made a small oil discovery on the Gomez prospect in one of its operated licenses in the Norwegian part of the North Sea.
Oil Price
28-09-2021

Goldman Sachs Hikes Oil Price Forecast To $90
Tightening oil markets with robust demand recovery and disruptions to supply from Hurricane Ida prompted Goldman Sachs to hike its end-2021 oil price forecast to $90 a barrel Brent from $80 per barrel expected earlier.

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