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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
Oil and Gas Equipment
10-12-2020

Oxford Flow ES Axial Flow Valve Achieves Oil and Gas Fugitive Emissions Breakthrough
It is notable that most valve manufacturers test in Class B, which allows 10x more leakage than Class A.
LNG Carrier
10-12-2020

Korea Tops Global Shipbuilding Order Intake Rankings for Five Consecutive Months
By landing more than 60 percent of the world's new shipbuilding orders in November, Korea came in first in the order standings for the fifth straight month in November, beating China.
Energy Technology
09-12-2020

Tüpras Selects Honeywell Technology
UOP provided the basic engineering, catalysts and technical services for the project.
Oil&Gas Drilling
09-12-2020

Equinor Drills Dry Well Near Tordis Field
Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.
OPEC
08-12-2020

Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, January 4, Argus reported on Monday, citing delegates with the OPEC+ alliance.
Oil & Gas Trade
08-12-2020

Iran Prepares For Oil Export Boost
Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations with the U.S. during the next administration.
Crude Oil
08-12-2020

Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Oil&Gas Drilling
08-12-2020

ONGC Gains 5% As Overseas Arm Discovers Oil in Colombia
In a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia.

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