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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Price
02-07-2021
Oil Surges As Traders Await OPEC+ Decision on Easing Production Cuts
Its allies on further easing production curbs in response to growing demand as the global economy gathers momentum.
Oil Refinery
01-07-2021
U.S. Refining Capacity Shrinks by 4.5% in 2020
The US refining capacity fell 4.5% to 18.13 million barrels per day from a record of 18.98 million barrels per day a year ago.
Oil&Gas Drilling
01-07-2021
AqualisBraemar LOC Completes Decom Project Offshore Canada
Energy and marine consultants AqualisBraemar LOC has completed its assignment in connection with the decommissioning and removal campaign of the Sable Project off the coast of Nova Scotia, Canada.
Crude Oil
01-07-2021
Goldman Sachs: Oil Markets To See Deficit Of 5 Million Bpd By End 2021
The oil market will end 2021 in a deficit of 5 million bpd as demand grows by another 2.2 million bpd in the second half of the year
Oil Field
30-06-2021
U.S.-Controlled Oilfield In Syria Attacked By Rockets
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had carried out airstrikes against storage facilities of Iran-backed militia in Iraq and Syria.
Oil Pipeline
29-06-2021
19 U.S. Oil & Gas Pipelines Moving To Completion This Year
U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year
Crude Oil
29-06-2021
Libya’s May Oil Revenues up to Record Levels Due to Increased Demand and Prices
The NOC announced yesterday that its net revenues during May 2021 from the sales of crude oil, gas, condensates, oil products and petrochemicals amounted to record levels due to huge demand and an increase in international prices.
Oil Field
29-06-2021
PetroVietnam Pumps First Condensate, Gas from Su Tu Trang Field
PetroVietnam and its foreign upstream partners have produced first condensate and gas from phase 2A project in Vietnam’s offshore Su Tu Trang field
Oil Price
29-06-2021
Crude Oil Falls Nearly 2% Ahead of OPEC+ talks
Oil prices fell nearly 2% on Monday after hitting their highest since 2018 earlier in the session, as a spike in COVID-19 cases in Asia and Europe put a brake on the rally before this week's OPEC+ meeting.
Oil Exploration
29-06-2021
CNOOC Starts up New Phase of Oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
Oil Field
29-06-2021
Enauta to See All-Time High Output Volume Following Atlanta Field Takeover
Oil and gas company Enauta has revealed that the Brazilian Oil, Gas and Biofuels Agency has approved the constitution of guarantees for the company to take over a 100 per cent stake in the Atlanta field off Brazil, doubling its oil production.
Oil Field
29-06-2021
PetroRio Gets Frade Field Development Plan Approval
Brazil’s National Petroleum, Gas, and Biofuels Agency has approved PetroRio’s revised development plan of the Frade field offshore Brazil.
Oil Field
28-06-2021
China's First Solo-Operated Deepwater Gas Field Starts Production
Shenhai-1, meaning deepsea, is expected to produce up to 3.39 billion cubic meters of gas every year, or roughly 2% of China's total gas output, the energy major said on its official Weibo account.
Crude Oil
28-06-2021
Crude Advances as Opec+ Set to Open Taps at Next Meeting
WTI, which settled just shy of $75 a barrel on Friday, is up by about 53% this year
Oil Refinery
27-06-2021
Finland's Porvoo Refinery Restarts After Maintenance
Finnish firm Neste has restarted production at its 197,000 b/d Porvoo refinery after completing a major turnaround at the plant.
Crude Oil
27-06-2021
Opec+ Leaves 500,000 b/d August Output Rise on Table
Shrinking OECD inventories and rising global crude prices could lead the Opec+ coalition to consider a 500,000 b/d production rise when it irons out its August output policy next week, group delegates said.
26-06-2021
Chevron has No Plans to Shrink Conventional Energy Business
U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals
Natural Gas
25-06-2021
EU Carbon Price and Its Impact on Natural Gas Demand
Ms Sandy Singh Research Assistant Gas Market Analysis Department
Oil Price
25-06-2021
Russian Domestic Oil Prices Soar to All-Time High
Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earlier, which was also a record high
Natural Gas
25-06-2021
Siemens Energy Selected for Canadian Carbon-Neutral Gas Projects
Technology company Siemens Energy has been selected to provide various services for the implementation of carbon-neutral natural and liquefied gas energy projects in Canada
Oil&Gas Drilling
25-06-2021
BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d
bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.
Market Analysis
24-06-2021
Biden's Silence on Minnesota Oil Pipeline Frustrates Advocates
Line 3, a comparable project to the canceled Keystone XL pipeline, runs counter to the president's stated climate and environmental goals.
OPEC
24-06-2021
OPEC+ Discussing Gradual Oil Output Rise from August
The talks mean that OPEC and Russia are likely to find common ground again on oil production policy
Crude Oil
24-06-2021
Oil Giants See Crude at $100/barrel on Supply Side Constraints
Global oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing
Crude Oil
24-06-2021
Brent Rallies Close to $76 as Markets Remain Tight
Oil also gained from a projected drawdown of US crude inventories
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Most views from Oil & Gas
1
BP and Corteva Establish Biofuel Feedstock Joint Venture to Advance Sustainable Energy Development
2
Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
3
Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions
4
CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
5
Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities
6
Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply