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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Pipeline
24-12-2020

Nord Stream 2 to Start Laying Gas Pipes in Danish Waters
The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States.
Oil & Gas Trade
23-12-2020

Gazprom lifts Ukraine January Gas Transport Bookings
Russia's state-controlled Gazprom has booked considerably more gas transport capacity through Ukraine for January, although overall booked capacity is still set to fall from December.
LNG
23-12-2020

Korean Shipbuilders Enjoying Brisk New Order Intake at Year-end
Korean shipbuilders are enjoying a brisk new order intake at the year-end.
Crude Oil
23-12-2020

China Issues Higher Oil Import Quotas For 2021
China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in the know.
OPEC
23-12-2020

Russian Energy Ministers Tells Biden Not To Disturb Oil Markets
Joe Biden’s presidency will hopefully not interfere with OPEC+ actions taken to rebalance oil markets, Russian Deputy Prime Minister and former Energy Minister Alexander Novak said this week.
Oil Field
23-12-2020

Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields
Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the development of the Vaneyvisskoye and Layavozhskoye subsurface areas in the Nenets Autonomous Area.
Oil Field
23-12-2020

ConocoPhillips Makes ‘Significant’ Oil Discovery off Norway
Oil major ConocoPhillips has made what it says is a significant oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.
Crude Oil
23-12-2020

India's Crude Oil Production Slips 5 pc in November
Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
Oil & Gas Supply
22-12-2020

Turkmenistan's Lebap Region Overfulfills Its Natural Gas Production Plan
Lebap’s natural gas extraction industry began in the 1960s.
Oil Price
22-12-2020

Oil Tumbles As New Virus Strain Revives Demand Fears
Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
Crude Oil
22-12-2020

OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing
OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, citing the leaders of the group, Saudi Arabia and Russia.
Natural Gas
22-12-2020

PetroChina Strikes Big Gas Find in China Xinjiang's Junggar Basin
This marks another breakthrough in the state oil firm's natural gas development in the region, following a similar-sized discovery at Tarim basin in September last year.
Oil & Gas Trade
22-12-2020

China Issues 122.59 mln T in 1st Round of Oil Import Quotas
Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Crude Oil
21-12-2020

China's Top Refiner Sees Oil Product Demand Peak By 2025
China's largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, citing Sinopec's research think-tank as saying in its annual report.
Oil & Gas Trade
21-12-2020

Pakistan Arranges 12 LNG Cargoes for January
In order to meet the energy demand of the country, the government has arranged 12 LNG cargoes for January 2021, informed the Petroleum Division on Saturday.
Oil & Gas Supply
21-12-2020

US Backs EastMed Pipeline to Supply Gas to Europe
“We are going to continue to work with Israel, Greece and other interested parties to ensure that the infrastructure will be developed,” US Secretary of Energy Dan Brouillette said during a visit to Greece on Thursday.
Natural Gas
21-12-2020

Asia’s Deepest Gas Project Starts Production
First in trio of deepwater gas projects in partnership with Reliance that are expected to help meet India’s rapidly expanding energy needs.
Crude Oil
21-12-2020

ONGC Opens Eighth Hydrocarbon Producing Basin of India
State-owned Oil and Natural Gas Corporation on Sunday opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin.
Crude Oil
19-12-2020

Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Oil Pipeline
18-12-2020

Russia’s Nord Stream 2 Gas Pipeline Clearly Beneficial for Europe & WILL BE Completed – Putin
That could hike prices for households and make Germany’s economy less competitive, said Putin.
Oil Pipeline
18-12-2020

Pakistan to Start Building LNG Pipeline with Russia in July 2021
Pakistan will start building a 1,100-kilometre pipeline with Russia in July 2021 that will allow the South Asian nation to operate more liquefied natural gas (LNG) terminals.
Oil Pipeline
18-12-2020

U.S. Throws Weight Behind Construction of EastMed Gas Pipeline
Greece aims to play an important role in helping Europe diversify its energy resources away from Russia, an objective strongly supported by Washington
LNG
18-12-2020

Russia’s Novatek and Siemens Energy ink Deal to Decarbonise LNG Production
As part of the Agreement signed on December 10, Novatek and Siemens Energy will commence implementing a project to replace fuel natural gas used in the production of electricity and LNG with carbon-neutral hydrogen.
Oil Price
18-12-2020

Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress
Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India.
Oil & Gas Trade
18-12-2020

Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.

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