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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Price
06-07-2021
Oil Prices Jump to Multiyear Highs After OPEC+ Talks Yield No Production Deal
Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
Oil Field
06-07-2021
Mud Volcano Explosion Near Major Caspian Sea Gas Fields
An explosion near an offshore field in the Caspian Sea has had media guessing as to what happened, after several shots and videos were released online.
Crude Oil
06-07-2021
OPEC+ Fails To Hike Oil Production, Delays Decision Again
OPEC+ much-awaited resumption of talks today has now been delayed, indicating that Saudi Arabia and the UAE have not been able to broker any agreement after the UAE opposed production cut proposals as “unfair” and the Saudis responded with tariff amendmen
Crude Oil
06-07-2021
Opec+ Resumes Output Talks Amid UAE Standoff
Opec+ ministers are due to resume talks at 15:00 Vienna time today to try to defuse what is fast becoming the group's most serious crisis since it embarked on its historic mega-cut pact during the height of the first wave of the Covid-19 pandemic.
LNG Carrier
06-07-2021
Hyundai Heavy Industries Attains 94% of Order Intake Goal for 2021
Korea Shipbuilding & Offshore Engineering, an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94 percent of its order target for 2021 as of July 2.
LNG
05-07-2021
World's Largest Dual-Fuel Container Ship Construction Project Concluded
So far, all 9 super large ships of the project have been completed and delivered on time, achieving a perfect ending.
LNG
05-07-2021
Global LNG Deliveries Rise in June
Worldwide LNG receipts increased compared with a year earlier for a fourth consecutive month in June but dropped from May and were at their lowest since October.
Oil Pipeline
05-07-2021
Environmentalists Slam Mexico After Underwater Oil Rig Fireball in Gulf
Mexico’s state-owned oil company said Friday that an undersea gas pipeline ruptured near a drilling platform in the Gulf.
Oil Price
05-07-2021
Oil Prices in S. Korea Hit 33-Month High
Retail oil prices in South Korea rose for the ninth consecutive week to reach the highest level in nearly three years amid a global oil rally.
Oil Exploration
05-07-2021
Erdogan: Turkey will Continue Oil Exploration in Disputed Eastern Mediterranean
Turkey's president may be upping the ante against Greece, Cyprus and the European Union.
Crude Oil
04-07-2021
OPEC Discussing Deal to Raise Oil Production by 2 million b/d by December: Sources
OPEC and its allies appear in striking distance of a deal on production quotas, discussing proposals that call for an output increase of about 2 million b/d from August to December to meet recovering global oil demand, three sources told S&P Global Platts
Crude Oil
04-07-2021
Aussie Onshore Explorer Starts Significant Onshore Oil Hunt
JV between Buru and Origin start the first of two large oil prospects in Canning basin
Oil Field
03-07-2021
Equinor Brings Pioneering Martin Linge Oil and Gas Field Online
On June 30th, Equinor’s Martin Linge oil and gas field in the North Sea came on stream. The field is powered from shore, resulting in low CO2 emissions, and operated from its onshore control room.
Crude Oil
03-07-2021
S.Korea’s June Crude Oil Imports up 5.9% y/y – Preliminary Data
South Korea’s June crude oil imports rose 5.9% to 79.0 million barrels from a year earlier, preliminary data from the Ministry of Trade
Crude Oil
02-07-2021
Iraq's Crude Oil Exports Exceed 86 mln Barrels in June
Iraq's Ministry of Oil said on Thursday that the country exported 86.76 million barrels of crude oil in June, bringing in revenues of about 6.14 billion U.S. dollars.
Crude Oil
02-07-2021
PetroVietnam & Kuwait Petroleum International Sign Agreement
Kuwait Petroleum International and PetroVietnam signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.
02-07-2021
S. Sudan: Petronas may not Participate in First Oil Licensing Round
Malaysian oil giants, Petronas announced on Thursday that the company does not intend to participate in South Sudan’s first oil licensing round.
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
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Equinor starts drilling major gas development in Brazil
4
Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
6
PH, China reopen oil exploration talks
