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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Energy Security
18-12-2020

Alaska Environmental Regulator Reports 190-Barrel Oil Spill at Hilcorp site on Cook Inlet
An oil spill at a Hilcorp Alaska facility on the west side of Cook Inlet was discovered Tuesday afternoon, a state environmental regulator said Wednesday.
Crude Oil
17-12-2020

Oil Jumps On Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 11.
Oil Shale
17-12-2020

U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. Energy Information Administration (EIA) said in a monthly forecast on Monday.
Oil & Gas Trade
17-12-2020

China's LNG Imports Could Hit Record High in Dec as Demand Bounces Back
The world's second largest LNG importer after Japan is on track to import its highest monthly volumes since December 2019, Refinitiv shiptracking data showed.
Crude Oil
16-12-2020

OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Oil&Gas Drilling
16-12-2020

Cyprus Natgas Search Rescheduled for late 2021
Natural gas explorations south of Cyprus and near Egypt’s giant offshore gas fields will resume in the latter part of next year with the energy companies involved reassuring Nicosia of their plans.
Natural Gas
16-12-2020

MODEC Awarded Operations and Maintenance Contract for Sangomar FPSO
Following the FPSO purchase contract which was signed between Woodside and MODEC on 10 January 2020, with respect to the supply of the FPSO, MOSEN will be responsible for the operations and maintenance of the FPSO.
LNG
16-12-2020

First-Ever LNG Bunkering at Port of Hamilton
A new partnership between the Hamilton-Oshawa Port Authority and REV LNG has enabled marine vessels to refuel with LNG during any stopover at Hamilton Port.
CCS
16-12-2020

Norway Approves Carbon Transport and Storage Project
Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway.
Oil Field
16-12-2020

Masirah Oil Spuds Second Development Well in Oman
Exploration and production company Masirah Oil has started drilling a second development well in the Yumna field, located offshore Oman, using the Shelf Drilling-owned Tenacious jack-up rig.
Oil & Gas Trade
16-12-2020

Russia Approves Sinopec's Participation in Huge Petrochemical Project
The Russian government has approved participation of China's Sinopec company in a large-scale petrochemical project, the government said in a statement on Tuesday, in line with Moscow's plans to forge closer ties with Beijing.
Crude Oil
15-12-2020

OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers
Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, hampering efforts by the group and its allies to support the market.
Natural Gas
14-12-2020

CNPC Built Atmospheric Area of 30 billion Cubic Meters in Southwest China
The first 30 billion atmospheric zone in Southwest China was officially completed.
Oil Field
14-12-2020

CNOOC Starts Infill Campaign in South China Sea
Chinese oil and gas company CNOOC Limited has started drilling operations on two infill wells located on the Weizhou 6-12 fields in the Beibu Gulf offshore China.
Oil Pipeline
14-12-2020

Second Russian Pipelayer Arrives at Nord Stream 2 Construction Site
A Russian pipe-laying vessel Fortuna has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea
Crude Oil
14-12-2020

Oil Production Cuts to End in Norway on December 31st
Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.
Crude Oil
14-12-2020

OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota
China is by far the largest importer of Omani crude.
Oil & Gas Trade
14-12-2020

Egypt, Iraq Move Forward with Oil-for-Reconstruction Plan
The oil-for-reconstruction agreement signed between Egypt and Iraq will enter into bilateral implementation as soon as constitutional procedures are complete, Egyptian Prime Minister Mostafa Madbouly has said.
Oil Pipeline
14-12-2020

Iran Controls Oil Pipeline Spillage, Fire in Southwest
A pipeline carrying crude oil to Iran’s second largest refinery ruptured and burst into flames on Sunday, but the spillage and the blaze were brought under contro.
Oil&Gas Drilling
11-12-2020

EU to Approve Sanctions Over Turkish Gas Drilling
Shying away from a threat made in October to consider wider economic measures, EU leaders will agree to punish individuals accused of planning or taking part in what the bloc says is unauthorised drilling off Cyprus.
Oil Field
11-12-2020

Karoon Offloads First Oil from Recently-Bought Baúna Field
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil.
Oil & Gas Supply
11-12-2020

Gladstone November LNG Exports Up
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone jumped when compared to the corresponding month in 2019.
Crude Oil
11-12-2020

Oil Hits $50 On Vaccine Rollout
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of strengthening oil demand early next year.
Crude Oil
10-12-2020

US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Oil Shale
10-12-2020

Global Shale Industry on a Recovery Path After 8.1% Production Decline in 2020, Says GlobalData
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% fall, according to projections by GlobalData.

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