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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
17-05-2021

China April Crude Oil Output Up 3.4 pct on yr
China's April domestic crude oil production rose 3.4 percent on year to 16.41 million tonnes.
Crude Oil
17-05-2021

Russia Is Making A Mad Dash To Outrun Peak Oil Demand
Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity.
Oil Field
17-05-2021

Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
Natural Gas
14-05-2021

The Future of Natural Gas in ASEAN’s Power Sector
The development of electricity markets in the Association of Southeast Asia Nations is in a dynamic stage, both for demand and supply.
Oil Price
14-05-2021

Gasoline Prices hit $3 As Shortages Grow on U.S. Pipeline Outage
U.S. average gasoline prices exceeded $3 a gallon for the first time in more than six years amid growing shortages of fuel across the South and East while Colonial Pipeline remains out of action due to a cyberattack.
Oil Price
14-05-2021

Oil Prices Set For Biggest Daily Drop Since Early April
Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipeline eased some of the concerns about gasoline shortages in the U.S. East.
Natural Gas
14-05-2021

Brightmark Begins Construction of Arizona RNG Project
Brightmark, a global waste solutions provider, has broken ground on the Caballero Renewable Natural Gas project, which includes the construction of new anaerobic digesters at Caballero Dairy Farms, an 8800 animal farm in Eloy, Arizona, US.
Oil Pipeline
13-05-2021

Largest US Pipeline Restarts Operations After Hack Shut It Down for Nearly a Week
Announcement comes amid fuel shortages in south-east, with panicked drivers filling up their tanks
Oil Price
13-05-2021

Record-High Fuel Prices Add To Concerns About India’s Oil Demand
Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil importer.
LNG
13-05-2021

Qatar Could Offer Chinese Firms Stakes In World’s Largest LNG Project
Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world’s largest LNG project, in what could be a strategic choice to add huge potential LNG customers to its partners alongside
Oil Price
13-05-2021

Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook
The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a day of fuel, to shut down.
Crude Oil
13-05-2021

IEA Sees Oil Demand Recovery Outpacing Growth in Supply
OPEC+ producers have been curbing output since 2017 but have eased since imposing record high cuts last year, with more easing agreed from this month
Crude Oil
13-05-2021

Sinopec Offers Refineries Sweeteners to Boost Clean Marine Fuel
The top Asian oil refiner is crediting its refineries 150 yuan for every tonne of VLSFO they produce, they said
United States
12-05-2021

Colonial Pipeline Hack Exposes Lack of Federal Cybersecurity Oversight for U.S. Energy Industry
The temporary shutdown of Colonial's pipeline follows warnings by U.S. officials in recent months of the danger of cyberattacks against privately held infrastructure.
Crude Oil
11-05-2021

U.S. Main Fuel Pipeline Operator Aims to Restore Operation This Week After Cyber Attack
The operator of a main U.S. fuel pipeline declared on Monday its goal of restoring operational service by the end of the week after all pipeline operations temporarily halted due to a cybersecurity attack.
Oil Field
11-05-2021

Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field
Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in the Búzios field, in the Santos Basin pre-salt area.
Oil Field
11-05-2021

Fire Erupts at Kuwait's Largest Oil Field; Two Injured
The injured workers were in stable condition and receiving treatment at a nearby hospital.
Oil & Gas Trade
10-05-2021

Yemen Takes First Batch of Saudi Oil Products at Aden
The first shipment of Saudi oil products exported to Yemen as part of a grant agreed with the internationally recognized government there arrived at the Yemeni port of Aden yesterday, which the war-torn state will use as feedstock for power generation.
Natural Gas
10-05-2021

Sinopec finds abundant flows in Xinjiang oil, gas wells
Recently, China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at the Shunbei-42X well and the Shunbei-41X well in the petroliferous Tarim Basin in the Xinjiang Uygur autonomous region.With an average dept
Natural Gas
10-05-2021

China’s Natural Gas Imports Surge As Economy Recovers
Natural gas imports into China rose 22.4 percent on the year in the first four months of this year to 39.45 million metric tons.
LNG
08-05-2021

GECF Expert Commentary - New Trends on the Global Market of LNG Carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception.
Australia
08-05-2021

Australia to See 118 Oil and Gas Project Starts by 2025
Australia is expected to witness the start of 118 oil and gas projects’ operations from 2021 to 2025, according to data and analytics company GlobalData.
CNOOC
08-05-2021

CNOOC Flows First Gas from Liuhua 29-2 field
Chinese oil and gas giant CNOOC Limited has produced first gas from the Liuhua 29-2 gas field located in the South China Sea.
Crude Oil
07-05-2021

Oil Moves Higher On Largest Crude Draw Since January
Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.
Crude Oil
07-05-2021

U.S. Energy Production Saw Steepest Drop On Record In 2020
Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.

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