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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
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.

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