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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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.
Oil Field
03-06-2021
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area with a US$8-billion investment in phase one.
Oil Refinery
03-06-2021
World’s Largest Oil Refinery Project to Help Meet Nigeria’s Oil Demands
XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos, Nigeria.
Crude Oil
03-06-2021
Oil Extends Gains, Trading Above $70 on Upbeat Outlook
Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say
Oil&Gas Drilling
03-06-2021
Biden Administration Halts Oil Drilling in Alaska Wildlife Refuge
White House climate advisor Gina McCarthy noted Biden's promise and said the move reflected his belief that "national treasures are cultural and economic cornerstones of our country," according to a White House statement
Oil Refinery
02-06-2021
China On Track To Be World’s Largest Oil Refiner in 2021
In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based refiners have retrenched.
Crude Oil
02-06-2021
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Oil Exploration
02-06-2021
Exxon Quits Deepwater Oil Project In Ghana
Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results.
Crude Oil
02-06-2021
Nigeria’s Oil Revenues Slump 98% In April
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.
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Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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PH, China reopen oil exploration talks
