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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
05-09-2021

Petronet Looks to Make Foray into Petrochemical Business, Plans LNG Terminal in Odisha
Petronet, which owns and operates to terminals at Dahej and Kochi in Kerala for import of super-cooled gas in ships, is also looking at setting up a floating terminal at Gopalpur port in Odisha.
Oil & Gas Supply
05-09-2021

Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and Environmental Enforcement reported.
Crude Oil
03-09-2021

Russia’s Oil Production To Drop By Just 1% This Year
Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement.
Crude Oil
03-09-2021

China’s CNPC Looks To Revive Oil Projects In Venezuela
The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry.
Oil Exploration
03-09-2021

Shell Takes Operatorship in Blocks off South Africa
Impact Oil & Gas entered into the agreement with Shell for the farm-out of the South African exploration right back in November 2020.
Crude Oil
03-09-2021

Oil Rises After Opec+ Agrees to more Supply
Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022
OPEC
02-09-2021

OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.
Oil Exploration
02-09-2021

Israel Stops Onshore Oil Exploration Permits
Israel will no longer issue onshore oil exploration permits, Energy Minister Karine Elharrar said this week
Market Analysis
02-09-2021

Iraqi Crude Exports up 5pc in August
Iraqi crude exports marketed by state-owned Somo increased by 5pc on the month to 3.05mn b/d in August.
Oil Refinery
02-09-2021

Iraq on Track for Karbala Refinery Start-up Next Year
Iraq is testing power generation systems at its new 140,000 b/d Karbala refinery ahead of start-up next year.
Natural Gas
02-09-2021

Amber Grid to Focus on Green Gas Infrastructure
Gas transmission system operator Amber Grid has announced its operational strategy up to 2030.
Natural Gas
01-09-2021

Natural Gas, Reliable and Affordable Source of Energy in the Path to Sustainable Recovery
Having access to clean, reliable, and affordable energy sources is essential to improving the welfare of societies.
Oil & Gas Trade
01-09-2021

CNOOC Invites Foreign Firms to Bid for 19 Blocks of Offshore Oil and Gas
CNOOC had inked 228 contracts with 81 oil companies from 21 countries and regions by July, it said.
Oil Exploration
01-09-2021

ADNOC Partners with Pakistani Companies for the First Time
As part of Abu Dhabi’s second competitive block bid round, ADNOC has signed a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies.
Crude Oil
01-09-2021

ExxonMobil Baton Rouge Begins Restart Process
ExxonMobil's refining and petrochemical assets in Baton Rouge were undamaged by Hurricane Ida and have begun restart procedures today.
Energy Security
31-08-2021

Syrian Oil Spill Spreads Into Mediterranean, May Reach Cyprus
Cypriot authorities are monitoring slick, as latest satellite imagery shows fuel oil leak from Baniyas power plant larger than anticipated
Crude Oil
31-08-2021

OPEC+ Likely to Keep Oil Output Policy from September Unchanged, Sources Say
OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase.
Crude Oil
31-08-2021

Pemex Restores Oil Output Suspended Due to Platform Fire
Its has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.
Natural Gas
31-08-2021

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent
Natural Gas
31-08-2021

Shell Unit Commits to Renewable-Powered Timi Gas Project Offshore Malaysia
The offshore wellhead project, developed with its partners Petronas Carigali and Brunei Energy Exploration, could see peak production of up to 50,000 barrels of oil equivalent per day.
Crude Oil
30-08-2021

OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.
Crude Oil
30-08-2021

Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022
Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said during a conference call Aug. 27.
LNG
30-08-2021

Kuwait Raises Its Liquefied Gas Shipments to 8 Ships a Month
The sources said the gas import facilities, which were inaugurated last July, have succeeded in receiving about 25 gas shipments so far, saying each ship carries about 150-200 thousand cubic feet of gas.
Crude Oil
29-08-2021

Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,
Libya
29-08-2021

Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money

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