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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Exploration
15-06-2021

Equinor Makes Minor Oil Discovery in North Sea
Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery.
Oil&Gas Drilling
14-06-2021

Jadestone to Close Maari Field Deal in 2H 2021
Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset.
LNG
13-06-2021

Crown LNG to Develop LNG Terminal Offshore India
Crown LNG Holding AS, a Norwegian group which specialises in developing LNG infrastructure for harsh weather conditions, has initiated development of an LNG terminal offshore Kakinada, India.
LNG
12-06-2021

China to Overtake Japan as World's Top LNG Buyer in Weeks, ICIS Says
It estimated China's 2021 total LNG demand at 81.2 million tonnes, above 75.2 million tonnes for Japan.
Oil and Gas Equipment
11-06-2021

Upgrading 10 Production Wells
Installation of two ESP-systems near Hannover, Germany
Oil & Gas Trade
11-06-2021

China About To Become Top LNG Importer This Year
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week.
LNG
11-06-2021

CNOOC to Build 6 LNG Storage Tanks at Binhai LNG
Chinese oil and gas player CNOOC has started the construction of six LNG storage tanks at its Binhai LNG import terminal in Jiangsu.
Oil & Gas Supply
10-06-2021

Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next five years is expected to jump to 230,000 barrels per day, from zero in 2021.
Oil Pipeline
10-06-2021

Keystone Pipeline Cancelled After Biden Blocks Permit
Construction on pipeline began last year when former president Donald Trump revived the long-delayed project
Oil & Gas Trade
10-06-2021

Israeli Minister Calls For Scrapping UAE Oil Pipeline Deal
Israeli Minister of Environmental Protection Gila Gamliel is looking to have the recent oil pipeline deal between Israel and the United Arab Emirates scrapped because of security and environmental concerns.
Oil Exploration
10-06-2021

Exxon and Its Partners Log New Discovery at Longtail-3 Offshore Guyana
ExxonMobil announced a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Crude Oil
10-06-2021

Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the 2015 nuclear deal.
Oil Price
09-06-2021

Oil Extends Advance Above $70 Amid Improving Demand Outlook
Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery.
Natural Gas
07-06-2021

Iraq Hopes to Restore Full Iranian Gas Import Volumes
The news comes just as the temperatures in Iraq have begun to soar.
Natural Gas
07-06-2021

1st Leg of Nord Stream 2 Pipeline to Supply Gas in 10 days
Russian President Vladimir Putin announced the completion of the first leg of the Nord Stream 2 pipeline between Moscow and Berlin, which is expected to supply gas within 10 days.
Oil Refinery
07-06-2021

EU to Help Kazakhstan Upgrade Atyrau Oil Refinery to Address Air and Soil Pollution
The remediation work is the result of a long-term engagement between the EBRD and the refinery that combines financing and reforms aimed at reducing the environmental impact of the plant’s operations, the EBRD said.
Oil Exploration
07-06-2021

Uganda Picks Four Firms For New Oil Exploration Round
Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever.
OPEC
07-06-2021

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
Natural Gas
07-06-2021

Gas a Pragmatic Answer to Realise Energy Transition
The destiny of the world rests in innovative utilisation of hydrocarbons whilst embracing the rise of renewables in the global energy mix, Secretary General of the largest consortium of gas exporting nations.
Oil Field
06-06-2021

Australia’s Karoon Takes FID on Patola Oil Field
Australian independent Karoon Energy has made a positive final investment decision on the 10,000 b/d Patola oil field in the Santos basin offshore Brazil at a development cost of $175mn-195mn, with first oil to be produced in January-March 2023.
Natural Gas
04-06-2021

Turkey Expected to Announce New Black Sea Natural Gas Discoveries
Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon.
LNG
04-06-2021

NOVATEK and Zhejiang Energy Sign LNG Supply Agreement
PAO NOVATEK announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd.
Natural Gas
04-06-2021

TotalEnergies and Novatek Sign Russian MoU
Companies will jointly work on emissions reductions including through use of renewables
Natural Gas
04-06-2021

South Korea to Raise Natural Gas Inventory Requirements
South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven days currently, under new government rules designed to strengthen supply security.
Natural Gas
04-06-2021

Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.

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