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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

Crude Oil
21-06-2021

Iraq Expects Oil Prices to Reach $80/bbl - State News Agency
Iraqi expects oil prices to reach $80 per barrel.
Oil & Gas Trade
21-06-2021

Petrobangla Signs MOU with Indian H-Energy to Import R-LNG
State-run Petrobangla has inked a memorandum of understanding with Indian H-Energy recently to import re-gasified LNG (R-LNG) through a cross-border pipeline.
Crude Oil
19-06-2021

Crude Oil Prices Steady Near Multi-Year Highs
Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.
Oil Price
19-06-2021

Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal
The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday
Crude Oil
19-06-2021

Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Natural Gas
19-06-2021

Equinor Extends Heimdal Gas Center’s North Sea Service Contract to 2023
New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon.
Crude Oil
18-06-2021

GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Natural Gas
17-06-2021

Waga Energy’s Landfill Biogas Recovery Technology Gains Popularity in Canada with Second Installation Contract
Waga Energy has secured a contract with the Brome-Missisquoi Intermunicipal Waste Management Board to produce biomethane at the Cowansville landfill site in Québec
Crude Oil
17-06-2021

Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Western Europe’s biggest field would be certified as carbon neutrally produced.
Crude Oil
16-06-2021

Equinor Delays Restart of Brazil Oil Field to 2022
Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interruption at the company's only operated producing asset in Brazil.
Crude Oil
16-06-2021

Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order to avoid triggering a new jump in shale output.
Oil & Gas Trade
15-06-2021

ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas sector.
Crude Oil
15-06-2021

Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well
Crude Oil
15-06-2021

Minnesota Court Affirms Approval of Line 3 Oil Pipeline
The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week.
Oil Price
15-06-2021

Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth
Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed COVID-19 reopening dampened expectations for fuel demand growth and tighter supplies.
Oil Pipeline
15-06-2021

Merkel Says Discussed with Biden His Upcoming Meeting with Putin, Nord Stream 2
German Chancellor Angela Merkel said on Saturday that she discussed with US President Joe Biden at the G7 summit his forthcoming meeting with Russian President Vladimir Putin in Geneva, as well as the Nord Stream 2 pipeline.
Oil & Gas Trade
15-06-2021

Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says
Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen
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.

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