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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
11-04-2021

CNOOC Sees Minimal Output hit from China Oil Field Fire
China's state-controlled CNOOC expects a fire at one of its offshore platforms earlier this week to reduce crude production by around 600,000 bl this year.
Oil&Gas Drilling
10-04-2021

China Drills Deep in Disputed South China Sea
It was unclear exactly where the drilling took place in the South China Sea, around 90 per cent of which is claimed by Beijing as its territorial waters
Oil & Gas Trade
09-04-2021

Energy Partnership Bolsters China–Russia Relations
Russia’s Novatek and China’s Shenergy signed a new gas deal in February 2021, highlighting the primacy of energy ties in China–Russia relations.
Oil Exploration
08-04-2021

Eni Announces a New Light Oil Discovery in Block 15/06, Offshore Angola, Through “ILX” Exploration Strategy
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore.
08-04-2021

Battling Bovine Belching: Measuring Methane Eemissions from Cows
Taken from the April 2021 issue of Physics World.Cutting methane production from livestock is considered vital to climate change mitigation, with lots of research focusing on how animals breed and are fed. But physicists are playing their part too by deve
Crude Oil
07-04-2021

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai – is ‘Operation 300 Billion’.
Crude Oil
07-04-2021

OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil demand recovery in the second quarter.
Oil & Gas Trade
07-04-2021

Oman Oil Exports Stage Strong Rebound in March
Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.
Gas Turbine
05-04-2021

Siemens Energy Signs Long-Term Service Contract with Aramco
Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields.
Oil & Gas Supply
04-04-2021

OPEC Cuts Global Oil Demand Estimates Ahead of Production Decision
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group decides on production policy.
Crude Oil
04-04-2021

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts
Oil prices gave up earlier gains and turned lower as of 11:39 a.m.
LNG
03-04-2021

Gastrade and North Macedonia Cooperate on Greek LNG Terminal
Greek company Gastrade has signed agreements for the cooperation with National Energy Resources Skopje and AD Power Plants of Northern Macedonia for the Alexandroupolis LNG Terminal.
Oil Price
02-04-2021

Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply
The group will increase output by 250,000 bpd in May
Oil&Gas Drilling
02-04-2021

ExxonMobil Nearly Ready to Start up Guyana FPSO Compressor
Oil major ExxonMobil is preparing to start up a gas compressor on SBM Offshore’s Liza Destiny FPSO, operating offshore Guyana, this week following a technical issue that started in January 2021.
LNG
02-04-2021

Korean GS Energy to Build LNG Power Plants in Vietnam
The two power plants are estimated to be completed by 2026 and 2027.
Oil Refinery
01-04-2021

Indonesia’s Cilacap Refinery to Raise Output After Fire
Indonesian state-owned refiner Pertamina will increase gasoline production at its largest refinery, the 348,000 b/d Cilacap plant, to help meet a shortfall caused by a storage-tank fire at its 125,000 b/d Balongan refinery.
Crude Oil
31-03-2021

Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says
After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts
Natural Gas
31-03-2021

Santos Takes FID on $3.6bn Barossa Gas Project
Australian energy giant Santos has taken a final investment decision to proceed with Barossa, the $3.6 billion gas and condensate project, located offshore Australia.
Oil & Gas Trade
29-03-2021

Suez Canal Logjam Barely Impacts Russian Urals Exports, Says Energy Ministry
The Russian Energy Ministry said March 29 that the logjam in the Suez Canal has barely impacted exports of Russia's key crude grade Urals, which uses other delivery routes.
Natural Gas
29-03-2021

Buffett Proposes 10 GW In New Gas Plants For Texas
Warren Buffett's investment company Berkshire Hathaway has proposed a plan for boosting Texas' energy security: building 10 GW in new natural gas-fired generation capacity.
Crude Oil
29-03-2021

Santos Restarts Production from Offshore Field Trio
Australian energy giant Santos has restarted production from the Ningaloo Vision FPSO following scheduled maintenance in Singapore.
Oil&Gas Drilling
28-03-2021

Eni and Novatek Kicking off Drilling Ops off Montenegro
Italy’s oil and gas company Eni and Russia’s Novatek are starting drilling operations in waters offshore Montenegro, using Vantage Drilling’s Topaz Driller jack-up rig.
Natural Gas
28-03-2021

EU Sees Only Marginal Future Role For Natural Gas
There will be only a marginal role for natural gas in Europe's future energy mix if the region electrifies everything that can be electrified.
Oil Price
28-03-2021

India and Saudi Arabia Spar Over Oil Prices
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near doubling of oil prices since the start of November sparked an angry exchange of words.
Oil & Gas Trade
26-03-2021

Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG
China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Petroleum each year for 10 years, starting in 2022.

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