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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

OPEC
20-01-2021

UAE Squares Opec Commitments, Capacity Growth Plans
There is no contradiction between Abu Dhabi's efforts to boosts its production capacity and the UAE's membership of Opec, minister of energy Suhail al-Mazrouei said today.
Natural Gas
20-01-2021

US Gas-Fired Power Generation Set For First Drop Since 2017
Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017.
Oil & Gas Trade
20-01-2021

Uzbekistan to Open up Electric Power, LPG Markets Amid Shortages
Uzbekistan exports natural gas, mostly to China, but it has experienced shortages this winter, prompting cuts to export shipments and discontent among households who struggled to keep themselves warm
Oil Field
19-01-2021

Apex Makes Oil Discovery in Egypt
Apex International Energy announced a new oil discovery in Southeast Meleiha Concession, located in the Western Desert of Egypt.
Oil&Gas Drilling
19-01-2021

Halliburton Delivers First Successful Grid-Powered Fracturing Operation
Halliburton Company announced that it has successfully deployed the industry’s first electric grid-powered fracturing operation.
Oil & Gas Trade
19-01-2021

Algeria's Oil and Gas Exports and Output Down Around 10% in 2020
Overall energy output fell 10 per cent to 142 million tonnes of oil equivalent, hit by restrictions linked to the coronavirus pandemic, it said in a report.
Crude Oil
18-01-2021

US Oil Industry Braces for Biden Takeover
The threat of reduced access to federal lands and new rules on infrastructure could prompt the sector to offer alternative green initiatives, writes Chris Knight
Oil Field
18-01-2021

Energean Approves Israel Gas Field Development
The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023, the company said in a statement
Crude Oil
16-01-2021

Norway Sees Crude Output at 2mn b/d in 2025
Crude production offshore Norway will increase to more than 2mn b/d in 2025 from 1.7mn b/d now, much of it from the giant Johan Sverdrup field, the Norwegian Petroleum Directorate (NPD) said today.
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.

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