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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
Oil & Gas Trade
26-03-2021

Fourteen U.S. States Sue Biden Administration over Oil and Gas Leasing Halt
In an attempt to challenge the pause on new oil and gas leasing on federal lands and waters, 14 U.S. states have filed lawsuits against President Joe Biden’s administration.
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

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