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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
26-03-2021

Uganda Postpones Launch of the East African Crude Oil Pipeline to April
The Ugandan government has announced that it has pushed back the launch of the East African Crude Oil pipeline to April following the death of Tanzania’s president John Pombe Magufuli last week.
Oil&Gas Drilling
25-03-2021

Masirah Completes Oil Project in Oman
Muscat-based Masirah Oil, which operates Block 50 off Oman’s east coast, has completed the planned upgrade of a mobile offshore production unit to 30,000 barrels a day.
Oil&Gas Drilling
25-03-2021

UK Seeks to Drill more Oil and Gas from North Sea
More oil and gas wells are to be drilled in the North Sea, the UK government has announced.
Crude Oil
25-03-2021

OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.
Crude Oil
25-03-2021

Oil Slips On Small Crude Inventory Build
U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19
Oil Pipeline
24-03-2021

Nord Stream 2 Pipelaying could End by October
Pipelaying on one of the twin lines that compose Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 gas route might not be complete until winter, a regulatory document suggests.
Oil Field
24-03-2021

118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022
After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.
Oil & Gas Trade
24-03-2021

China: Shenergy Group & Total Energy LNG Marketing Partnership
Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of LNG from Total, as well as the creation of a joint venture to expand LNG marketin
Crude Oil
23-03-2021

Saudi Arabia Tops China’s Jan-Feb Crude Imports
Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.
Natural Gas
23-03-2021

Venezuela Gas Pipeline Tract Explodes; Oil Minister Blames Attack
Oil Minister Tareck El Aissami in a brief statement on state television late on Saturday called the incident a "terrorist attack," without providing details about who was responsible or about the impact on the plant and pipeline
LNG
23-03-2021

Russia Says LNG Production Capacity Could Jump Threefold By 2035
Russia’s government approved on Monday the country’s long-term development program for LNG, expecting production capacity to rise threefold from current levels to 140 million tons per year by 2035.
Crude Oil
23-03-2021

Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
Natural Gas
22-03-2021

Fair and Just Energy Transition not Likely Without Natural Gas: IGU President Kang
The role of natural gas as an enabler in the energy transition while underpinning economic activity will be an important theme in the international energy discussion in the years ahead
Crude Oil
22-03-2021

India’s Crude Oil Throughput Hits Four-Month Low in February
India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude prices and weaker fuel demand in the country.
Natural Gas
22-03-2021

National Grid Buys Western Power Distribution, Sells Narragansett Electric
UK-based transmission operator National Grid has agreed to acquire Western Power Distribution’s holding company PPL WPD Investments from PPL WPD, for an equity value of $10.8bn.
Oil Refinery
22-03-2021

IEA sees only one refinery operating in Australia
The International Energy Agency expects only one refinery to continue operating in Australia, implying that another refinery will close within the next five years.
Oil Pipeline
19-03-2021

Biden Weighing New Sanctions to Block Russian Gas Pipeline
The Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany
Oil & Gas Trade
19-03-2021

India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Crude Oil
18-03-2021

EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ group unexpectedly decided to maintain their production cuts into April
Oil Price
18-03-2021

Oil at $70 does not Signal Return of a Supercycle, IEA Says
The agency expects world oil demand to recover 63% of the volume lost in 2020 due to the pandemic
Oil Exploration
18-03-2021

Qatar Petroleum Joins Guyana’s Offshore Project
State-owned Qatar Petroleum has formally joined Guyana's highly prospective offshore oil projects with the government's approval of its farm-in to two blocks, natural resources minister Vickram Bharrat said.
Natural Gas
17-03-2021

Four New Natural Gas Pipelines Come Online In The U.S.
The United States increased its natural gas pipeline transportation capacity by around 4.4 billion cubic feet per day in just three months as four new pipelines entered into service.
Oil & Gas Supply
17-03-2021

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices
Joe Biden had a neat, nine-point plan for energy when he campaigned for president.
LNG
17-03-2021

Petronas Partners China National Offshore Oil Corp for Cleaner Energy Solutions
Malaysia's Petroliam Nasional Bhd has signed a Memorandum of Understanding with China National Offshore Oil Corporation to pursue cleaner energy solutions through closer collaboration.
Oil Exploration
17-03-2021

Adani Welspun makes Gas Discovery of ‘Substantial Significance’ off India
Adani Welspun Exploration Ltd., a joint venture between the Adani Group and Welspun Enterprises, has made a first-ever gas discovery in the NELP-VII block located in the Mumbai offshore basin.

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