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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Pipeline
23-08-2021

Just 15 km of Nord Stream 2 pipeline to Go, Says Putin
he $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic metres a year has been a focal point of tensions between Moscow and the West.
Oil & Gas Supply
23-08-2021

Oil Company Stops Supplying Lebanon with Petrol
Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry
Switzerland
21-08-2021

GEG Partners with Proman on Scottish Green Methanol Plant
Global Energy Group, owners of the Nigg Oil Terminal in Scotland, has partnered with Proman, a Swiss-based energy company, to develop a renewable power to methanol plant at the terminal.
LNG
21-08-2021

Brazil June Gas Demand up on Power Generation
Brazil's natural gas consumption rose by 16.5pc in June, led by a surge in demand for power generation as drought slashed hydropower capacity.
LNG
20-08-2021

Post-COVID-19 Recovery of LNG Market: What’s Next?
The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic.
Crude Oil
20-08-2021

Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth
Crude came under pressure amid weakness in the commodities market and equities more generally.
Crude Oil
20-08-2021

Opec+ Compliance at 109pc in July: Report
The Opec+ coalition achieved 109pc conformity with its crude production commitments in July, down from 112pc in June
LNG
19-08-2021

Atomenergomash Completes Europe’s First Test Rig for Medium- and Large-Scale LNG Plants Equipment
The project was implemented in accordance with the decree of the Russian government.
LNG
19-08-2021

McDermotts’ CB&I Wins More Philippines LNG Work
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for a second storage tank at Atlantic Gulf and Pacific Company’s liquefied natural gas import and regasification terminal
Natural Gas
19-08-2021

Nord Stream 2 Says Fortuna Vessel Working on Final Stage of Project
Natural gas prices in Europe fell sharply following the report.
Oil Price
19-08-2021

Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US production increases for the second straight week.
Oil Price
18-08-2021

Oil Prices Set For Longest Losing Streak Since March
After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be the longest losing streak since March this year.
LNG
18-08-2021

Australia Faces "Precarious" Gas Supply in 2022, Watchdog Warns
The report paints a more dire picture than the Australian Energy Market Operator gave in March, when it said plans by billionaire Andrew Forrest to have an LNG import terminal ready by 2022 would stave off any gas shortfall until 2026.
Oil & Gas Trade
17-08-2021

India's Petronet Aims to Extend Long-Term LNG Buy Deal with Qatar
Petronet has a deal to buy 7.5 million tonnes per year of LNG from Qatar under a long-term deal expiring in 2028
Crude Oil
17-08-2021

EXCLUSIVE Brazil's Lower-Carbon Oil Projects can Lure Majors, Lift Sales -Official
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil
Oil Field
17-08-2021

Islamic State Attacks Iraqi Oil Field
An attack with an explosive device on an oil field in the northern Iraqi region of Kirkuk was blamed on Islamic State militants
Crude Oil
16-08-2021

Iran Oil Output Falls To 40-year Low In 2020
Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration.
Crude Oil
16-08-2021

First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.
United Kingdom
15-08-2021

Scotland’s First Minister Calls on UK to “Reconsider” Oil and Gas Permits
Scotland’s First Minister Nicola Sturgeon called on the UK government to reconsider oil and gas licenses, just days after a United Nations panel warned of dire consequences for the planet without drastic steps to slash emissions.
Oil Field
15-08-2021

POSCO International to Explore Gas Field in Malaysia
POSCO International will explore an offshore gas field in Malaysia to create a second success story following its jackpot in Myanmar.
Crude Oil
14-08-2021

Opec Lifts Oil Supply Forecast, Demand Unchanged
Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.
Energy Security
14-08-2021

Oil Spill in Black Sea Much Bigger than Reported - Russian Scientists
A leak occurred as the Greek-flagged Minerva Symphony tanker took on oil at the Yuzhno-Ozereyevka sea terminal near Novorossiysk in southern Russia, the Caspian Pipeline Consortium that owns the terminal said on Monday.
LNG
12-08-2021

Russia Pipeline Supplies 10 bln Cubic Meters of Natural Gas to China
China has imported over 10 billion cubic meters of natural gas via the China-Russia east-route natural gas pipeline since its operation in 2019.
LNG
12-08-2021

CCCC Wins Major Contractor Gig for Kamchatka LNG
Russian federal seaports agency Rosmorport has awarded China Communications Construction Company a contract to build Novatek’s Kamchatka LNG terminal in Bechevinskaya Bay.
Oil & Gas Trade
12-08-2021

Russian Novatek Expands Its LNG Supply to Vietnam
Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.

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