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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
16-03-2021

China's New Offshore "Green Oil Field" has been Put into Operation
On the 15th, China National Offshore Oil Corporation announced that the Caofeidian 6-4 oilfield was put into operation.
Oil Refinery
16-03-2021

BP to Close Refinery in West Australia by 31 March
The Kwinana Refinery will be converted into an import terminal.
Oil & Gas Trade
16-03-2021

Hyundai Oilbank to Export Gasoline to the U.S. for First Tim
Hyundai Oilbank announced on March 15 that it will export gasoline products to the United States in the second quarter of the year.
LNG
15-03-2021

Repsol Hits Milestone with Fure Vinga LNG Bunkering
Spanish oil company Repsol has reached a milestone as it bunkered Furetank Rederi’s chemical tanker Fure Vinga at Cartagena.
Oil&Gas Drilling
15-03-2021

Santos’ New Authority to Prospect for Gas will Benefit CQ
Natural gas continues to lead the state's COVID economic recovery with Queenslands onshore gas industry contributing $70 billion annually and the green light given for more projects.
Crude Oil
15-03-2021

China Ramps Up Oil Imports From Iran
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S.
Crude Oil
15-03-2021

Crude to $100: Trader Makes the Case for a Spike in Oil Prices
Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst.
Oil Price
12-03-2021

Oil Slides Toward $60 Ahead of OPEC+ Meeting to Boost Global Supply
Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards.
Crude Oil
12-03-2021

Iranian Crude Clogs Chinese Ports Despite US Sanctions
Congestion at one of China’s major refinery hubs was reportedly caused by soaring exports of crude from the Persian Gulf nation, which are expected to grow further this month.
Oil Field
12-03-2021

Eni Through Var Energi Announces New Oil Discovery Offshore Norway
Eni through Var Energi, jointly owned by Eni and by HitecVision (30.15%) announces a new oil discovery in production licence PL532 in the Barents Sea
Oil Field
12-03-2021

Equinor Gets Go-Ahead to Drill North Sea Well Duo
Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using the West Hercules rig.
Oil & Gas Trade
11-03-2021

Israel's Leviathan to Sell 10bn m³ of Gas in 2021
Israeli upstream firm Delek Drilling expects its 649bn m³ Leviathan field to sell around 10bn m³ of gas this year, up from the 8.9bn m³ forecast in July last year.
Oil Refinery
11-03-2021

Petron to Restart Philippine Refinery by 2H 2021
Philippine private-sector firm Petron plans to resume refining activity at its 180,000 b/d Bataan refinery by the second half this year on expectations of a significant recovery in demand.
OPEC
11-03-2021

India Asks Refiners to Diversify, Cut Reliance on Middle East Oil After Opec+ Decision
India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery
Energy Security
11-03-2021

Saudis Vow To Protect Oil Facilities And Global Supply After Latest Attacks
On Sunday, Yemen’s Houthi rebels said they had fired 14 drones and eight ballistic missiles at oil facilities at the Saudi port of Ras Tanura and military targets in three other Saudi cities.
Oil & Gas Trade
11-03-2021

Saudi Oil Exports Holding Strong Despite Production Cut Commitment
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.
Oil Exploration
11-03-2021

Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi
The two state oil companies will look at exploration and production possibilities in the emirate
Crude Oil
10-03-2021

Libya Targets 1.45mn b/d Oil Output by Year-End
Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.
Oil & Gas Supply
10-03-2021

COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electricity and gas demand expected to bounce back more quickly than demand for oil
Crude Oil
09-03-2021

Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
LNG
09-03-2021

Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas in Europe, shipping the fuel to Shell in the UK.
Natural Gas
09-03-2021

Texas Freeze Caused Record Gas Spot Prices and Outages
In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish data that demonstrates the scale and impact of the disaster.
LNG
09-03-2021

Japan-backed AG&P Says Gets Approval to Develop Philippines LNG Terminal
Atlantic Gulf & Pacific Company said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas import and regasification terminal in Batangas Bay, south of Manila.
Oil Price
08-03-2021

Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued to deliberate about the future of supply cuts.
Crude Oil
08-03-2021

Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say

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