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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Oil Field
26-02-2021

Energean Proposes $500MM Carbon Storage Facility in Northern Greece
Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Prinos oil field.
Oil Exploration
26-02-2021

Seven Oil Players Apply for Production Licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy has informed.
LNG
26-02-2021

Global LNG Demand Expected to Almost Double by 2040
Global liquefied natural gas demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.
Crude Oil
25-02-2021

Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Crude Oil
25-02-2021

OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
LNG
25-02-2021

Thailand’s January LNG Imports Fall to Three-Year Low
Thailand's LNG imports hit a three-year low in January, with no receipts from its usual suppliers Australia and Malaysia, even as one of its biggest importers Qatar shipped slightly more during the month.
Oil Field
25-02-2021

Equinor to Shut Down Veslefrikk Field after 30 Years
After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor and its partners in the Veslefrikk field, located in the North Sea, are now planning for the shutdown of the field in the spring of 2022.
Oil&Gas Drilling
25-02-2021

Petronas Hits Oil Offshore Indonesia
Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, offshore East Java, Indonesia.
Natural Gas
24-02-2021

Turboden and Siemens Energy Upgrade Gas Compressor Station in Egypt
Turboden, a Mitsubishi Heavy Industries Group company, has been selected to supply a high-temperature Organic Rankine Cycle system to GASCO’s Dahshour gas compressor station in Egypt.
Natural Gas
23-02-2021

Israel and Egypt Discuss Natural Gas Pipeline Link
Egypt and Israel said they may build an undersea natural-gas pipeline connecting the two countries, as they seek to collaborate on exporting the fuel to Europe.
Oil Pipeline
23-02-2021

Republicans Sound Alarm Over Major U-Turn by Biden Admin on Russia-to-Europe Gas Pipeline
The report to Congress named two enterprises previously sanctioned by the Trump administration — the Russian pipe-laying ship ‘Fortuna’ and its owner KVT-RUS.
Oil & Gas Trade
23-02-2021

Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Ismail said.
Oil Exploration
23-02-2021

Shell Delays US Offshore Production Start ups
Shell has delayed the startup of the PowerNap and Vito deepwater projects in the US Gulf of Mexico because of Covid-19-related issues.
Crude Oil
23-02-2021

Texas Refineries Restarting After Power Loss
Texas refineries reported restarting units shut last week after subfreezing temperatures and a power crisis abruptly cut 28pc of US crude processing capacity.
OPEC
23-02-2021

Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts
The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the group next week.
Oil & Gas Trade
23-02-2021

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever.
Crude Oil
23-02-2021

Digital Technology Powers Adnoc's Plans to Reach 5m bpd Capacity by 2030
Adnoc's Thamama centre generates $1.1bn in business value by leveraging technology
Natural Gas
23-02-2021

Waga Energy and Ferrovial Servicios to Deliver Massive Landfill Gas-to-Biomethane Project in Spain
The Ferrovial Servicios group, a leading global service operator, has selected Waga Energy to produce biomethane at the Can Mata landfill, one of Spain’s largest landfill, near Barcelona.
Crude Oil
23-02-2021

India's January Crude Processing Scales over 1-yr Peak
India's crude oil processing registered its second straight year-on-yea gain in January, while hitting a more than one-year high, as fuel demand improved on the back of a gradual increase in industrial and economic activity.
Oil Pipeline
22-02-2021

All Parties Accelerate the East Mediterranean Gas Pipeline Project
The project is expected to cost 7 billion euros, with a natural gas transportation volume of 9-12 billion cubic meters per year.
20-02-2021

AB Energy to Supply Technology to Evergaz Biomethane Project
The facility prevents 4965 tpy of CO2 emissions and enables the spreading of natural fertilizer on the fields of 63 local farms, covering 4500 ha.
Energy Technology
20-02-2021

New Method Converts Methane in Natural Gas to Methanol at Room Temperature
Researchers at the University of Illinois Chicago have discovered a way to convert the methane in natural gas into liquid methanol at room temperature.
Oil Exploration
20-02-2021

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup
Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drilling plans.
Oil Price
20-02-2021

Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise
Crude Oil
20-02-2021

Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.

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