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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
16-01-2021

Shell Joins Equinor and YPF in Argentina Block
Norway’s oil and gas giant Equinor and Argentina’s YPF have entered into an agreement with Shell to jointly farm-down a 30 per cent non-operated interests in the CAN 100 block offshore Argentina.
Crude Oil
16-01-2021

Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery
The US supply forecast was revised up as oil prices trade higher, according to Opec
Oil&Gas Drilling
15-01-2021

Total Logs Fourth Significant Oil and Gas Discovery Offshore Suriname
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname.
Natural Gas
15-01-2021

Gas Demand Surging Toward Record
Forecasts agree this year may see 6-8% rise to reach around 360 billion cubic meters of fuel.
Crude Oil
15-01-2021

Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD
South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 2021.
Crude Oil
15-01-2021

OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday
Oil&Gas Drilling
14-01-2021

ReconAfrica Commences Drilling Operations in Kavango Basin
Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
Energy Infrastructure
14-01-2021

Neptune Energy Awards $6.5M Contracts for Cygnus Gas Facility
Neptune Energy has announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering and Stork, to the value of approximately $6.5 million.
Natural Gas
14-01-2021

Sinopec, SIBUR Set up Joint Venture
SIBUR and Sinopec will hold respective interest in the joint venture in the amount of 60 percent and 40 percent.
Oil Price
14-01-2021

Hike in Petrol, Diesel Rates after Global Oil Price Jump
Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price increased to Rs 74.63 per litre as against Rs 74.38 a litre earlier.
Crude Oil
13-01-2021

PetroChina's Overseas Oil and Gas Equity Production Exceeded 100 million tons
This is another 100 million tons after the overseas oil and gas equity production equivalent exceeded the 100 million tons mark for the first time in 2019.
Oil&Gas Drilling
12-01-2021

Paradigm Drilling Services and Toolserv form Strategic Alliance
Paradigm Drilling Services, part of the Paradigm Group headquartered in Groot-Ammers, Holland, have announced their strategic alliance with Stavanger-based oil service company Toolserv AS to manage sales and rentals in Norway.
Crude Oil
12-01-2021

Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by 355,000 b/d at 33 fields.
Crude Oil
12-01-2021

Almost Half of South Africa’s Oil Refining Seen Shut Until 2022
South African plants owned by Glencore and Petroliam Nasional that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2022, according to energy consultant Citac.
Crude Oil
11-01-2021

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021
U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses
Oil Price
11-01-2021

How Will Biden’s Presidency Impact South America’s Oil Boom?
Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive a global oil supply glut and sharply weaker energy prices.
Crude Oil
10-01-2021

Floating Oil Storage Shrinks Amid Robust Asian Demand
Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in order to meet peak winter demand in Asia.
Crude Oil
10-01-2021

Petrobras Sets Oil Production Record in 2020
Robust Chinese demand for pre-salt crude buoyed Brazil' state-controlled Petobras in 2020, helping spur record output of 2.28mn b/d of oil.
Oil Pipeline
09-01-2021

China Gas Pipeline in Northern Guangdong Begins Operations
China Petroleum & Chemical Corp, or Sinopec, said a 238-kilometre natural gas pipeline in the northern part of China's southern province Guangdong has started operation.
Crude Oil
08-01-2021

Japan Imported 19 million Barrels of Crude Oil from the UAE in November
Japan imported 19 million barrels of crude oil from the UAE in November 2020, accounting for 27.5 percent of Japan's total crude oil imports that month.
Oil & Gas Supply
08-01-2021

Belarus Secures Russian Oil and Gas Supplies for 2021
The details of the bilateral deal, however, do not appear to reflect any sort of compromise by both sides.
Crude Oil
08-01-2021

IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota
OPEC's second-largest producer had a 3.804 million b/d quota for December under the OPEC+ deal.
Natural Gas
07-01-2021

Russia Doubles Pipeline Gas Contract Supplies to China
Natural gas deliveries from Russia to China through the Power of Siberia 1 pipeline have risen sharply, doubling contracted pipeline gas supplies to a rate of 10bn m³/yr (27.4mn m³/d).
Oil & Gas Trade
07-01-2021

Gladstone December LNG Exports Hit Record High
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone hit a new high in the last month of 2020.
Oil & Gas Trade
07-01-2021

OPEC+ Allows Kazakhstan to Increase Oil Production in February and March
OPEC+ countries reached agreement on the terms of the deal for February and March.

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Equinor Makes Two Gas and Condensate Discoveries in the North Sea

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