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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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.
Oil Price
01-06-2021
New Iran Nuclear Deal May Completely Derail Oil Price Rally
The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector.
OPEC
01-06-2021
OPEC Projects Tight Oil Markets in Advance of June Crude Output Talks
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
Crude Oil
01-06-2021
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Monday.
Oil Price
31-05-2021
Oil Prices Stay Firm As Demand to Outstrip Supply in H2
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance.
Oil Refinery
31-05-2021
Mexican National Oil Company to Run USA Refinery
Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States.
Oil Refinery
31-05-2021
Oil Refiners to Begin Olefin Business in 2nd Half of 2021
GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.
Oil Price
31-05-2021
US Pump Prices Become Pressure Point for Biden
Rising gasoline prices heading into the summer are emerging as a political liability for President Joe Biden, as critics try to direct voter frustration about pump prices to attack his administration's policies on energy and climate change.
LNG
28-05-2021
France’s Total Inks 5-year LNG Supply Agreement with AMNS in India
France’s Total and ArcelorMittal Nippon Steel have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas per year until 2026.
Oil Refinery
28-05-2021
South Africa: Engen To Convert Durban Refinery to Terminal
As expected, Engen announced that it will be progressing plans to convert its 120,000 bbl/d refinery in Durban, South Africa into a terminal, as the refinery is not commercially viable and considered unsustainable in the long term.
Oil Refinery
28-05-2021
France's Donges Refinery will not Restart Until 2022
France's 222,000 b/d Donges refinery will remain offline until next year after operator Total decided to bring forward planned maintenance.
Crude Oil
28-05-2021
Biden Defends Alaska Oil Project
President Biden’s administration has backed the Willow oil project in Alaska in a new filing by the Department of Justice.
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