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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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
Oil & Gas Trade
23-06-2021
Gazprom Plans to Supply 8.5 billion cubic meters of Natural Gas to China This Year
Gazprom said that it plans to supply 8.5 billion cubic meters of natural gas to China this year and double its income from natural gas exports to China.
Oil Field
23-06-2021
Iran Kickstarts Production At Giant Offshore Oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.
Natural Gas
23-06-2021
Environmental Knowledge and Solutions Initiative: GECF Explores Consensus on Methane Emissions
It exists in abundance on Earth and has even been found on other planets, including Mars, but this major force of life – methane – can also harm the environment when not contained appropriately.
Oil Field
22-06-2021
Bitcoin Fracking Turns Waste Gas to Digital Gold in Bakken Oil Field
Natural gas produced as a byproduct in Bakken oil production is often flared as waste. Near Sidney, Montana, one company is converting it to cryptocurrency instead.
22-06-2021
Reactivation of the Hydrocarbons Sector Continues with the Colombia Round 2021, which will Offer 32 New Areas to Investors
The National Hydrocarbons Agency (ANH) launched the Colombia 2021 Round that brings 32 new areas to investors, 28 of them offered by the ANH and 4 presented by companies interested in participating in the process.
LNG
22-06-2021
Chinese Joint Venture Orders Three more LNG Carriers
A joint venture between Chinese state-controlled shipowner Cosco Shipping Energy Transportation and state-owned energy firm CNPC has ordered another three LNG carriers from the country's Hudong-Zhonghua shipyard.
Oil Exploration
22-06-2021
Vår Energi Makes ‘Significant’ Discovery in Balder Area
Oil and gas company Vår Energi has made a ‘significant’ discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea offshore Norway.
Crude Oil
22-06-2021
Venezuela’s Oil Boss Projects Soaring Output, Despite Crumbling Infrastructure and U.S. Sanctions
In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it.
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