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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
03-12-2020

BP Starts Drilling Platina Field Offshore Angola
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.
Oil&Gas Drilling
03-12-2020

Triangle Energy Restarts Production from Cliff Head Well
Australia’s Triangle Energy has resumed production from the CH-7 well at the Cliff Head oil field following a successful workover program.
Natural Gas
03-12-2020

India to See $66 billion Investment in Gas Infrastructure
India will see a massive $66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions.
LNG
03-12-2020

Eni Strikes Deals to Reopen Egypt's Damietta LNG Plant
Italian energy group Eni has struck deals with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over a shuttered gas plant it part owns in northern Egypt.
Crude Oil
02-12-2020

U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output slumped at the start of the pandemic.
Oil&Gas Drilling
02-12-2020

Nigeria’s Oil Rig Count Drops by 30% in One Month
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month.
Oil & Gas Trade
02-12-2020

Japan Says Reached Oil Storage Deal with Kuwait
Under the deal, KPC can use storage tanks at refiner Eneos' Kiire base in southern Japan of Kagoshima as an export base for eastern Asia.
Laos
01-12-2020

Laos' First Petroleum Refining Project is Put into Operation
The first phase of the 3 million tons/year refining and chemical project of Laos Petrochemical Co., Ltd. was officially put into operation on the 30th.
LNG
01-12-2020

SHI Secures LNG Carrier Order
South Korean shipbuilder Samsung Heavy Industries has received an order to build an LNG carrier, the firm's first carrier order in nearly a year.
Oil Price
01-12-2020

OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues high-stakes negotiations over an extension to its production cut agreement.
Oil Price
30-11-2020

Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
LNG
30-11-2020

Innovative Floating LNG Regasification Plant in Ghana gets Funding
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions.
Oil & Gas Trade
30-11-2020

U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
Oil&Gas Drilling
27-11-2020

Baker Hughes Reports US Rig Rebound
The total number of rotary drilling rigs operating in the United States rebounded this past week, Baker Hughes Co. reported Wednesday.
Oil Field
27-11-2020

Genel Begins Production from Sarta Oil Field in Iraq
Iraq-focused independent Genel Energy said production has started at the Sarta oil field in the semi-autonomous Kurdistan region of northern Iraq.
Natural Gas
27-11-2020

Mozambique’s Ambitious Northern Gas Plans Head South
Natural gas was supposed to help industrialise the northern provinces, but after a string of project cancellations it will be transported to the more prosperous south
LNG
27-11-2020

Significant Progress Made on Arctic LNG 2
PAO NOVATEK has announced that a regular working meeting was recently held regarding the status of Arctic LNG 2 project with the respective management of the project’s partner companies.
Crude Oil
26-11-2020

The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances.
Crude Oil
26-11-2020

U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Crude Oil
25-11-2020

Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next year is expected to be 86 million tons.
LNG
25-11-2020

GE Makes Deal for Vietnam LNG Project
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
SINOPEC
25-11-2020

Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Crude Oil
25-11-2020

Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil and condensates production of 51.147 million barrels in August 2020.
Germany
25-11-2020

Oil Dynamics GmbH: Recertified for Quality and Environmental Management
The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.
Oil Price
24-11-2020

Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.

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