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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Russian Federation
11-11-2021
Russian Oil And Gas Discoveries Plunge To Five-Year Low
Russia’s oil and gas discoveries fell to the lowest in five years in the first half of 2021, after last year’s crisis resulted in steep cuts in capital expenditures for exploration.
LNG Carrier
10-11-2021
Qatar Places First Batch of LNG Carrier Orders with Korean Shipbuilders
Qatar has placed the first batch of liquefied natural gas carrier orders with Korean shipbuilders.
Oil Price
10-11-2021
Opec+ Production Shortfall Widened in October
The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming countries were appealing for more crude.
Oil Price
09-11-2021
Shale Operators Stay the Course Despite Oil Price Rally
After spending a year heeding investor calls for prudence, independent US shale producers are in no rush to use windfalls from surging oil prices to ramp up output.
Oil&Gas Drilling
09-11-2021
Japanese Jack-up Rig Begins Vietnamese Drilling Job
Subcontracted by PetroVietnam, a Japan Drilling Company-owned jack-up rig has started drilling operations in waters offshore Vietnam.
Oil Refinery
09-11-2021
Samsung Engineering Starts Shipping Modules for Dos Bocas New Refinery Project in Mexico
Samsung Engineering announced on Nov. 8 that it has started shipping modules to be used for the Dos Bocas New Refinery project in Mexico.
Oil Field
08-11-2021
Senex Energy to Buy 2 Undeveloped Gas Fields From APLNG for A$80 Million
Senex Energy Ltd. said it intends to recommend an improved offer from South Korea's Posco International Corp. that values its equity at 852.1 million Australian dollars.
Crude Oil
08-11-2021
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco raised the official selling price for its crude.
Oil Price
08-11-2021
Soaring Oil Prices Could Push for Clean Energy Faster
Oil prices have hit over $80 a barrel and a seven-year high, and with economies pushing through pandemic recovery and a good portion of the Northern Hemisphere facing natural gas price spikes already.
Natural Gas
08-11-2021
Biden Admin Considering Shutting Down Another Pipeline, Drawing Criticism and Dire Warnings As Winter Nears
The Biden administration's energy policies have drawn criticism as gas prices surge heading into the winter months
LNG
06-11-2021
EIA: US LNG Exports Climb Week Over Week
Energy Information Administration weekly report shows that LNG exports from the U.S. climbed this week, with Henry Hub prices going down.
Crude Oil
06-11-2021
Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says
U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his request to increase crude production faster, said Energy Secretary Jennifer Granholm.
Oil & Gas Trade
06-11-2021
Shell Resumes Oil Exports at Mars and Ursa in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143“A” facility.
Crude Oil
05-11-2021
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc.
Oil Pipeline
05-11-2021
Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch
The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come too late to ease the gas shortages in Europe this winter season.
Crude Oil
05-11-2021
CNOOC Gives Green Light to Uganda Crude Project
China's state-controlled CNOOC has taken a final investment decision on the Kingfisher crude project in Uganda.
Natural Gas
05-11-2021
Ukraine Plans Gas Measure Change from May 2022
Ukraine's parliament has supported a revised bill requiring gas reporting to be measured in energy units rather than volumetric space, with effect from May 2022.
Oil & Gas Supply
05-11-2021
Opec+ JMMC Recommends Sticking to Output Policy
The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even as external pressure mounts for the group to boost output further.
Crude Oil
05-11-2021
Oil Exporters to See Large Surpluses in 2021 and 2022 Amid Higher Crude Prices
Prices are also up because of underinvestment in the sector, which led to tighter supply
Natural Gas
04-11-2021
South Korea Cuts Price of Domestic Natural Gas for Hydrogen Production by 25%
South Korea has cut the domestic price of natural gas used to make hydrogen by 25% to help lower hydrogen production costs in a bid to boost hydrogen consumption and LNG demand.
Oil Price
04-11-2021
LNG Prices Soar To New Record In China
There is one recurring problem with central planning: the greater the level of intervention, the worse and more widespread the unexpected adverse consequences.
Oil Exploration
04-11-2021
Empyrean Gearing up to Drill ‘First Exciting Exploration Well in China’
Oil and gas company Empyrean Energy has made significant operational progress towards spudding the LH 17-2-1 exploration well at the Jade prospect on Block 29/11, offshore China, in December 2021.
Oil Price
04-11-2021
Opec+ Set to Meet Amid Calls for Lower Prices as Oil Hits Multi-Year Highs
Crude prices have surged in recent months as economies reopen after months of lockdowns
Uganda
03-11-2021
Uganda Counts on TotalEnergies, CNOOC to Create New African Oil Hub
Ugandan President Yoweri Museveni is counting on TotalEnergies SE and CNOOC Ltd. to produce oil from its fields in four years, laying the foundation for a new regional fuel hub.
Crude Oil
03-11-2021
OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October
OPEC+ added just 140,000 barrels daily of crude oil last month
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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