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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

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.
Oil Shale
12-08-2021

Exxon Continues To Shed Shale Assets
ExxonMobil has started marketing gas assets in the Fayetteville Shale in Arkansas, the US supermajor’s spokeswoman Julie King told Reuters on Wednesday.
Crude Oil
12-08-2021

Oil Tanker Explodes In Syrian Port
An explosion on an oil tanker moored at the Syrian port of Latakia caused a fire that has injured two people in an incident on what was identified as a tanker previously used for transporting Iranian oil to Syria.
Crude Oil
12-08-2021

Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the global recovery from the pandemic.
Oil Field
11-08-2021

Energy-Starved Bangladesh Discovers New Gas Field Worth Over $148 mn
Bangladesh has announced to have discovered a new gas field containing a probable reserve of about 68 billion cubic feet worth over $148 million
Natural Gas
11-08-2021

China Starts Work on Gas Pipeline for Olympic Venue
Beijing will be the official host of the Games, taking place in February, but some skiing and snowboarding events will take place in Zhangjiakou, some 170 km northwest of the capital.
Oil Field
11-08-2021

First Oil at Norway's Rolvsnes Field
Norway-focused independent Lundin Energy has started crude production from an extended well test at the Rolvsnes field in the Norwegian North Sea.
Crude Oil
11-08-2021

Pipeline Leak Cuts Libya’s Oil Production By 70,000 Bpd
Libya’s crude oil production fell on Monday by 60,000-70,000 barrels per day because pumping crude at an oilfield had to be reduced because of a leak in a pipeline, the National Oil Corporation said.
Crude Oil
10-08-2021

DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves
According to him, effective implementation of the MER strategies would deliver greater value overall to all stakeholders.
Oil Price
10-08-2021

Oil Slides 4% on China Virus Curbs and Climate Warning
A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.
Oil Price
09-08-2021

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 billion, as big oil benefits from higher prices and a recovery in worldwide demand.
Crude Oil
09-08-2021

Zanganeh: Iran Prepared to Return to Int’l Oil Market
Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are lifted, Iran’s outgoing oil minister, Bijan Namdar Zangane
OPEC
09-08-2021

Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Oil & Gas Trade
08-08-2021

US June Oil Exports Rise, Boosted by India, South Korea
US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.
Oil Exploration
08-08-2021

Enersea Inks FEED Deal with Petrogas Offshore Netherlands
Enersea has secured a front-end engineering and design contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.
Crude Oil
07-08-2021

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge
Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks
Oil & Gas Trade
06-08-2021

New Zealand's Oil Refinery Set to Convert Into Import Terminal
New Zealand will stop refining crude oil from next year after shareholders in the country's sole refinery greenlighted a plan to convert it to a gasoline-import terminal, stirring debate about fuel security.
Oil Price
06-08-2021

Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and Iran.
Crude Oil
06-08-2021

Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive
Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria’s OMV said.
Oil Refinery
05-08-2021

Revamped Mumbai Refinery to Fully Restart This Month
Indian state-run refiner HPCL will restart the second crude unit at its Mumbai refinery this month following a revamp, having resumed operations at the first in mid-May.

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