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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Pipeline
24-05-2021

Tanzania, Uganda Finalize Oil Pipeline Deal
Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pumped in western Uganda to the coast of Tanzania and international markets.
Market Analysis
24-05-2021

Oil Markets Set for Recalibration as US and Iran Attempt to Restore Nuclear Deal
Commodities prices are expected to keep rising, even if Iranian supply returns, Saxo Bank's head of commodity strategy says
LNG
22-05-2021

Qatar Cuts LNG Prices And Expands Into Asian Spot Market
Qatar is cutting prices for its gas and expanding into the Asian spot market as it seeks to maintain its number-one position in exports of liquefied natural gas.
Oil Refinery
22-05-2021

Australia To Keep Viva & Ampol Refineries Operating
Australia has agreed to pay its last two oil refineries up to A$2.3 billion through 2030 to keep the struggling plants open and protect the country's fuel security.
Crude Oil
21-05-2021

Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the lowest crude volumes since December.
Natural Gas
21-05-2021

Natural Gas a Vital Element in Mission Net Zero: GE
The Gas Exporting Countries Forum, as an intergovernmental coalition of 19 of the world’s leading gas producers together representing 70% of the proven natural gas reserves, 52% of gas pipeline, and 51% of LNG exports
Oil Exploration
21-05-2021

China Makes Headway in Construction of New Offshore Oil Platform
The float-over installation of the Lufeng 14-4 central platform, China's largest independently designed and built offshore crude oil production platform, has been completed.
EU
21-05-2021

EU Begins Discussions on Group II Quota for 2022
The EU Commission and member state representatives will meet today and tomorrow to discuss the Group II base oil import quota for January to December 2022.
Oil Pipeline
21-05-2021

Nord Stream 2: the Difficult Birth of Russia's Gas Link to Germany
The following are significant moments in Nord Stream 2's development.
Crude Oil
20-05-2021

Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week to May 14.
Crude Oil
20-05-2021

Angolan Crude Oil Exports to Drop in July - Programme
Angola will export 33 crude oil cargoes in July, including one cargo of Plutonio deferred from June, down from 37 cargoes initially scheduled in June.
Crude Oil
20-05-2021

S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but South Korea's top refiner SK Energy plans to maintain a conservative approach in middle distilla
LNG Carrier
20-05-2021

Essberger Orders 4+4 LNG-Powered Chemical Tankers in China
German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.
Oil & Gas Trade
20-05-2021

Iran Preps New Oil Export Terminal Beyond Strait of Hormuz
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress.
Oil Field
19-05-2021

Shell in Talks with Nigeria to Exit Onshore Oil Fields as Part of Green Push
After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with plans to go green.
Oil & Gas Supply
19-05-2021

SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries
Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine and other countries.
Oil Shale
19-05-2021

U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, the U.S. Energy Information Administration said in a monthly forecast on Monday.
Oil & Gas Trade
19-05-2021

Woodside Joins Chevron in Canada's Kitimat LNG Exit
Chevron, the operator and 50pc owner of Kitimat, put its stake up for sale in December 2019.
LNG
19-05-2021

GNL Mejillones in Talks to Supply LNG to Peru
Chile's Mejillones LNG terminal is in "very preliminary talks" with Peruvian gas distributors for emergency supply during an unplanned outage at the Peru LNG liquefaction complex.
Crude Oil
19-05-2021

Crude Prices Cross $70 per barrel as Western Economies Open
Portugal eased its border restrictions and opened for tourists from the UK and the EU earlier this week
OPEC
18-05-2021

OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, tanker tracker Petro-Logistics said on Monday.
Energy Security
18-05-2021

Southeast US Fuel Stocks Rise After Pipeline Restart
Retail fuel supplies in the southeastern US are slowly returning to normal levels after panic buying drained storage following the cyberattack-induced shutdown of the Colonial Pipeline earlier this month.
Oil Field
18-05-2021

Chevron Shuts in Tamar Gas Field Amid Unrest in Israel
Oil and gas giant Chevron has shut down production at its operated Tamar field located offshore Israel amid escalating violence and tensions in the region.
LNG
18-05-2021

Samsung Heavy Industries Completes LNG Pilot Test Facility
Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.
Oil and Gas Equipment
17-05-2021

Breakthrough in China's Offshore Oil and Gas Core Equipment
The sea trial of the first independently developed underwater Christmas tree system was successful.

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