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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

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.
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

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